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    The Largest CRE Database in the US with Over 1 Million Listings

    803 Hc Gilbert Minjares Dr, Unit B Socorro, TX 79927

    Sponsored
    For Sale
    Pending
    $199,999

    MULTI_FAMILY - Other - Socorro, TX

    Property size:
    1,167 SF
    Lot size:
    0.08 Acres
    Days on Market:
    4
    Last Refresh:
    Feb 23 at 11:06 am

    Property Features for 803 Hc Gilbert Minjares Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Window features
    Blinds
    Zoning
    R1
    Rooms
    Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 3, Bedroom 2
    Bedrooms
    3
    Bathrooms
    2
    APN
    V85400301800650
    Interior features
    Pantry, Walk-In Closet(s)
    Exterior features
    Walled Backyard
    Appliances
    Disposal, Exhaust Fan, Fan Hood, Refrigerator
    Size
    1,167 SF
    Lot size
    0.08 Acres

    Utilities

    Heating system
    Central

    Building Details

    Year built
    2019
    Floors in Building
    1
    Flooring type
    Tile, Carpet
    Building materials
    Stucco
    Roof type
    Rolled Hot Mop
    Architectural style
    Other
    Additional Structures
    Pergola

    We can help!

    Listing Contact
    Osvaldo Reza

    KB Your Real Estate Experience (915) 857-4000

    Listing agent Osvaldo Reza (915) 820-9803

    Listing date Feb 20, 2026

    MLS# 938060

    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.

    Learn more

    Property Insight Report

    Overview

    Well-Maintained Home with Outdoor Living

    This well-maintained home features 3 bedrooms and 2 bathrooms, offering comfort and efficiency. The move-in-ready residence has a functional, light-filled floor plan with spacious living areas and well-sized bedrooms, including a private primary suite. A fully landscaped backyard is designed for both relaxation and entertaining, featuring low-maintenance greenery and a custom pergola suitable for outdoor dining. The property includes fully paid-off solar panels for energy efficiency, providing long-term savings. The property is located in Socorro, Texas, in El Paso County. The lot size is 0.08 acres, and the property size is 1167 square feet. The zoning is R1. This property presents a rare opportunity for low-maintenance living with premium outdoor space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Map

    City
    Socorro
    County
    El Paso
    State
    Texas
    Longitude
    -106.295535
    Latitude
    31.642779

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    FAQs

    What type of property is this?
    Single family property - Comfortable home with landscaped backyard and paid-off solar panels.
    Where is this single family property located?
    The property is located at 803 Hc Gilbert Minjares Dr, Unit B Socorro, TX.
    What is the asking price?
    The asking price for this property is $199,999.
    What are key features of this property?
    This property features: - Fully paid-off solar panels for energy efficiency and long-term savings.; - Fully landscaped, low-maintenance backyard with custom pergola, ideal for relaxation and entertaining.; - Move-in-ready condition, indicating no immediate renovations needed.
    (915) 820-9803
    Request Owner's contact information
    803 Hc Gilbert Minjares Dr, Unit B Socorro, TX 79927
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    Socorro, TX 79927
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    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
    803 Hc Gilbert Minjares Dr, Unit B Socorro, TX 79927
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    We can help!
    Listing Contact
    Osvaldo Reza
    (915) 820-9803
    Learn more
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