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

    32 Janis Avenue El Paso, TX 79927

    View on Map
    Claim this Listing
    New
    For Sale
    $35,000

    LAND - El Paso, TX

    Lot size:
    0.20 Acres
    Added:
    Apr 6, 2026
    Days on Market:
    5
    Last Refresh:
    Apr 10 at 4:06 pm

    Property Features for 32 Janis Avenue

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    373583
    Lot size
    0.20 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    18 PANORAMA VILLAGE #4 LOT 32
    Tax Annual Amount
    12

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Lydia Lewis

    Listing agent Lydia Lewis License #0743018

    Listing office Keller Williams Realty 12040 Tierra Este suite B206, El Paso, TX

    Listing date Apr 6, 2026

    MLS# 941633

    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.

    Overview

    Land For Sale, El Paso

    Two lots are available for purchase. The surrounding area is experiencing growth, with paved roads and sewer lines planned for the vicinity of Nancy Drive and Joanna Road. Water and electric utilities are located nearby. This listing pertains to Lot 32, which has a lot size of 0.2 acres. The adjacent Lot 33 is also available for sale, offering an additional 0.21 acres. The boundaries depicted in the photos are approximate.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Hotel & Motel Auto Parts Store Department Store Storage Facility Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    El Paso
    County
    El Paso
    State
    Texas
    Longitude
    -106.239661
    Latitude
    31.649254

    Nearby Similar for Sale

    • $440,000

      El Paso Commercial Lot

      Spacious lot ideal for commercial use in El Paso, TX.
      5241 ADOLPHUS Avenue, El Paso, TX 79904
      View Details
    • $795,000

      El Paso Commercial Opportunity

      Versatile C4-zoned property in a desirable El Paso location.
      11986 ROSEANN Court, El Paso, TX 79936
      View Details
    • $300,000

      El Paso Commercial Multi-Use Facility

      Multi-use commercial facility with metal buildings and rental income.
      13691 Emma Lane, El Paso, TX 79938
      View Details
    • $300,000

      Multi-Use Facility For Sale

      Multi-use commercial property with tenant income in El Paso, TX.
      13680 Laura Lane, El Paso, TX 79938
      View Details
    • $450,000

      Downtown El Paso Commercial Property

      Multi-tenant property near Stanton International Bridge, ideal for retail.
      612 S STANTON Street, El Paso, TX 79901
      View Details
    • $995,000

      Downtown El Paso Office/Flex Building

      Class A office/flex building with warehouse and income potential.
      700 W PAISANO Drive, El Paso, TX 79901
      View Details
    • $539,999

      Modernized Commercial Workplace in El Paso

      Sleek, secure, and fully modernized commercial workplace with ten offices.
      1528 Yandell Drive, El Paso, TX 79902
      View Details
    • $750,000

      El Paso Commercial Investment Opportunity

      Commercial property with two tenants in El Paso, Texas.
      7660 ALAMEDA Avenue, El Paso, TX 79915
      View Details
    • $384,000

      El Paso Commercial Opportunity

      Adaptable commercial space suitable for various business concepts.
      4108 N Piedras Street, El Paso, TX 79930
      View Details
    • $498,000

      El Paso Commercial Property

      2,000 sq ft property in high-density area, El Paso.
      7610 ACAPULCO Avenue, El Paso, TX 79915
      View Details
    • $369,900

      El Paso Commercial Property

      Five-acre commercial property with warehouse and office space in El Paso.
      400 ASCENCION Street unit: B, El Paso, TX 79928
      View Details
    • $395,000

      El Paso Office with Yard

      Well-located office property with secured yard near Downtown El Paso.
      1600 Yandell Drive, El Paso, TX 79902
      View Details

    FAQs

    What type of property is this?
    Commercial land - Two lots available in growing area with utilities nearby.
    Where is this commercial land located?
    The property is located at 32 Janis Avenue El Paso, TX.
    What is the asking price?
    The asking price for this property is $35,000.
    What are key features of this property?
    This property features: Two lots available, offering the potential for a larger property; Expanding area with upcoming infrastructure improvements; Water and electric utilities are readily accessible nearby
    (575) 386-3237
    We can help!
    Listing Contact
    Lydia Lewis
    Real Estate License ID: 0743018
    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!