Brick
For Sale
$185,000
10247 CALCUTTA Drive, Socorro, TX 79927
Residential Income, Socorro, TX
Property Size1,612 SF
Lot Size0.16 Acres
Price / SF$114.76
Days on Market133
Property Features for 10247 CALCUTTA Drive
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
M3
Parking features
On Street
Subdivision
Delip
Elementary school
Hueco
Middle school
Salvador Sanchez
High school
Socorro
Elementary school district
Socorro
Middle school district
Socorro
High school district
Socorro
Standard status
Active
APN
D39700000700250
Size
1,612 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
7 DELIP LOT 25 (7000 SQ FT)
Tax Annual Amount
2249
Legal Description
7 DELIP LOT 25 (7000 SQ FT)
Utilities
Sewer type
Public Sewer
Heating system
Wall Furnace
Cooling system
Window Unit(s)
Building Details
Year built
1972
Number of units
3
Building materials
Brick
Roof type
Shingle, Composition
Listing Agency:
Home Pros Real Estate Group
(915) 585-8806
Listed By:
Edwin Morales Juarez · License #0721112
(915) 449-9698
Added: May 15
Changed: Sep 7
Last Checked: Sep 24 at 1:06AM
MLS# 944103
Copyright © 2026 Greater El Paso Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,612-square-foot triplex contains three residential units: one two-bedroom unit and two one-bedroom units. The property was built in 1972 with brick construction, composition shingle roofing, wall-furnace heating, and window-unit cooling. All units are currently vacant.
Located at 10247 CALCUTTA Drive in Socorro, Texas, the property is served by public sewer and provides on-street parking. The parcel measures 0.16 acres and carries M3 zoning.
Located at 10247 CALCUTTA Drive in Socorro, Texas, the property is served by public sewer and provides on-street parking. The parcel measures 0.16 acres and carries M3 zoning.
Key Highlights
- Three‑unit triplex with one 2‑bedroom unit and two 1‑bedroom units
- 1,612 square feet of property size
- Currently vacant
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,368
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.23%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$267,360
$267.4K
Cap Rate 7%
$190,971
$191.0K
Cap Rate 9%
$148,533
$148.5K
Market Conditions
NOI Build-Up for 1,612 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$20.3K $12.60/SF
− Vacancy
−$1.2K −$0.75/SF
EGI
$19.1K $11.85/SF
− OpEx
−$5.7K −$3.55/SF
NOI
$13.4K $8.29/SF
Area
El Paso County, TX
Vacancy
5.98%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$267,360
Cap Rate 7%
$190,971
Cap Rate 9%
$148,533
Alternative Uses
Best Use
Multifamily LT 5
$191.0K
$167.1K – $222.8K
NOI $13,368 @ 7.0% cap · market cap 7.23%
Second Best
Apartment 5plus
$175.2K
$153.3K – $204.4K
NOI $12,262 @ 7.0% cap · market cap 6.63%
Theoretical Best
Office A
$291.3K
$254.9K – $339.9K
NOI $20,392 @ 7.0% cap · market cap 11.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
147
Businesses Nearby
Explore this area
Business Placement
Demographics for 79927, TX
40,290
Population
14,284
Households
2.8
Avg Household Size
35
Median Age
10%
College-Educated
70%
High-School Grad
27.4 sq mi
ZIP Area
1,470
Density / Sq Mi
$51,735
Median Household Income
$30,738
Median Earnings
$1,070
Median Rent
$125,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Vacant three-unit property with one two-bedroom residence and two one-bedroom residences.
Where is this triplex located?
The property is located at 10247 CALCUTTA Drive Socorro, TX.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Three‑unit triplex with one 2‑bedroom unit and two 1‑bedroom units; 1,612 square feet of property size; Currently vacant
