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    8740-8744 North Loop Dr El Paso, TX 79907

    For Sale
    $850,000

    MULTI_FAMILY - El Paso, TX

    Property size:
    3,344 SF
    Lot size:
    2.12 Acres
    Days on Market:
    95
    Last Refresh:
    Dec 11 at 2:06 pm

    Property Features for 8740-8744 North Loop Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RF
    APN
    121930,256142,365453,260334,
    Appliances
    Free-Standing Gas Oven
    Size
    3,344 SF
    Lot size
    2.12 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Ceiling Fan(s)

    Building Details

    Year built
    1994
    Number of units
    2
    Flooring type
    Tile
    Building materials
    Brick
    Roof type
    Shingle

    KB Your Real Estate Experience (915) 857-4000

    Listing agent Penny Lares (915) 272-6520

    Listing date Sep 8, 2025

    Copyright © 2025 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

    El Paso Land Investment Opportunity

    This property presents a prime investment opportunity with 2.12 acres of land, comprising four lots situated on North Loop Drive, just off Zaragoza Boulevard. The property is currently zoned RF and includes two homes. Valuable irrigation rights are conveyed with the land. Benefiting from high visibility and frontage on a major thoroughfare, the site is suitable for development. Potential uses include rezoning for commercial purposes to accommodate national retailers, restaurants, or medical offices. Alternatively, the land could be used to develop a modern apartment complex in a high-demand area. The location offers heavy daily traffic and excellent accessibility, making it suitable for establishing a thriving business.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    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
    -106.319915
    Latitude
    31.706995

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    FAQs

    What type of property is this?
    Commercial land - 2.12 acres on North Loop Dr, El Paso, TX
    Where is this commercial land located?
    The property is located at 8740-8744 North Loop Dr El Paso, TX.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: - 2.12 acres comprised of four lots on high-visibility North Loop Dr, just off Zaragoza Blvd.; - Prime location with frontage on a major thoroughfare.; - Zoned RF with potential for commercial rezoning.
    (915) 272-6520
    Request Owner's contact information
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    Realmo Value Estimation

    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.

    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.

    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
    8740-8744 North Loop Dr El Paso, TX 79907
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