Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2278 Basswood St Eagle Pass, TX 78852

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Eagle Pass, TX

    Lot size:
    0.52 Acres
    Added:
    Sep 11, 2024
    Days on Market:
    586
    Last Refresh:
    Apr 19 at 8:06 am

    Property Features for 2278 Basswood St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.52 Acres

    Taxes and HOA fees

    Tax Description
    JAMES BASS SUBDIVISION UNIT #1, BLOCK 2, LOT 7, (REPLAT)
    Expense value
    1500
    Expense
    SecurityDeposit
    Expense freq.
    One Time

    We can help!

    Listing Contact
    Monica Flores

    Listing agent Monica Flores License #766461

    Listing office RE/MAX Real Estate Services TX

    Listing date Sep 11, 2024

    MLS# 79603

    Copyright © 2026 Eagle Pass Board 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.

    Overview

    Eagle Pass Commercial Vacant Land

    This commercial vacant land is available for lease. The lot, approximately 225x100, totals about 0.5 acres. It is located behind Knights Inn in Eagle Pass, Texas, across from IBC Banquet las minas.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Eagle Pass
    County
    Maverick
    State
    Texas
    Longitude
    -100.497206
    Latitude
    28.737849

    Nearby Similar for Sale

    • $975,000

      Eagle Pass Commercial Corner Property

      Corner commercial property in Eagle Pass, Texas, with redevelopment potential.
      1597 S Veterans, Eagle Pass, TX 78852
      View Details
    • $875,000

      Eagle Pass Commercial Redevelopment Opportunity

      Commercial property with redevelopment potential in high-traffic Eagle Pass location.
      2389 Main, Eagle Pass, TX 78852
      View Details
    • $875,000

      Eagle Pass Commercial Property For Sale

      Commercial property with redevelopment potential in high-traffic Eagle Pass location.
      2205 El Indio Hwy, Eagle Pass, TX 78852
      View Details
    • $750,000

      Restaurant with Home in Eagle Pass

      Fully functioning restaurant with a home on a 0.34-acre lot.
      65 Rosita Valley Road, Eagle Pass, TX 78852
      View Details
    • $895,000

      Eagle Pass Industrial Warehouse

      8,570 SF warehouse on half acre in Eagle Pass.
      3371 N US Hwy 277, Eagle Pass, TX 78852
      View Details
    • $850,000

      Versatile Commercial Property on Del Rio

      Former collision repair facility suitable for warehouse, retail, or automotive.
      3363 Del Rio Blvd, Eagle Pass, TX 78852
      View Details
    • $590,000
      3,604 SF

      Eagle Pass Multi-Family Investment

      Four-unit, fully occupied property with immediate rental income.
      47 Wagon Wheel Road, Eagle Pass, TX 78852
      View Details
    • $819,000

      Eagle Pass Commercial Corner Tract

      Highly visible 2.59-acre corner tract for commercial or mixed-use development.
      2189 N Veterans, Eagle Pass, TX 78852
      View Details
    • $2,000

      Eagle Pass Commercial Land Available

      3.3 acres of commercial land off US Highway 277.
      8037 S E US Hwy 277, Eagle Pass, TX 78852
      View Details
    • $329,000

      Eagle Pass Commercial Opportunity

      Two buildings on one lot suitable for retail or office.
      1562 Eidson Rd, Eagle Pass, TX 78852
      View Details
    • $2,750,000

      Bowling & Entertainment Facility

      Turn-key bowling and entertainment facility in Eagle Pass, Texas.
      3515 El Indio Hwy, Eagle Pass, TX 78852
      View Details
    • $475,000

      Versatile Commercial Pavilion in Eagle Pass

      Multi-use property with potential for various commercial applications.
      434,452,472 Ryan Street, Eagle Pass, TX 78852
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land for lease in Eagle Pass, Texas.
    Where is this commercial land located?
    The property is located at 2278 Basswood St Eagle Pass, TX.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Prime commercial vacant land available for lease.; Located behind Knights Inn Eagle Pass.; Across from IBC Banquet las minas.
    (830) 776-1015
    We can help!
    Listing Contact
    Monica Flores
    Real Estate License ID: 766461
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!