Sign Up Successful!
You now have access to more from Realmo!
    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

    PN-38235 Oshea Rd El Paso, TX 79938

    Sponsored
    For Sale
    $125,000

    LAND - El Paso, TX

    Lot size:
    7.40 Acres
    Days on Market:
    60
    Last Refresh:
    Jan 26 at 2:06 am

    Property Features for PN-38235 Oshea Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    A1
    APN
    38235
    Lot size
    7.40 Acres

    We can help!

    Listing Contact
    Stephanie L Galbreath
    Stephanie L Galbreath

    HOME PROS REAL ESTATE GROUP (915) 585-8806

    Listing agent Stephanie L Galbreath (503) 501-6892

    Listing date Nov 28, 2025

    MLS# 934282 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Land in Far East El Paso

    This 7.40-acre land parcel is located in the 79938 area of Far East El Paso. The property is situated approximately 3 miles north of Montana, adjacent to a developed area with existing water and electricity services. The land is accessible via Montana East, past O'Shea, then north on O'Leary, left on Faith, right on Tamara, and left on Camino De Tierra to O'Shea. The A1-zoned land offers the potential for building a mini-ranch.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    El Paso
    County
    El Paso
    State
    Texas
    Longitude
    -106.1597
    Latitude
    31.84589

    Nearby Similar for Sale

    • $730,000
      0.50 Acres

      Eastside Office Suites For Sale

      Eastside office building with high-performance suites near Loop 375.
      12110 Freight Ln, El Paso, TX 79936
      View Details
    • $820,000
      6,250 SF

      Multifamily Opportunity in El Paso, TX

      Value-add multifamily property with renovation and redevelopment potential on 1.74 acres.
      14573-B Van Fleet Rd, El Paso, TX 79938
      View Details
    • $820,000
      2,900 SF

      El Paso Commercial Opportunity

      1.74 acres with income potential near Montana Ave corridor.
      14573-B Van Fleet Rd, El Paso, TX 79938
      View Details
    • $468,500
      3,389 SF

      Remodeled Duplex in West El Paso

      Fully remodeled duplex in desirable West El Paso neighborhood.
      293 Atlantic Rd, El Paso, TX 79922
      View Details
    • $375,000
      0.28 Acres

      Mixed-Use Property with Grocery Store

      El Paso mixed-use property with established grocery store.
      2027- Magoffin Ave, El Paso, TX 79901
      View Details
    • $620,000
      Pending

      Versatile El Paso Commercial Opportunity

      Adaptable commercial property suitable for various uses in central El Paso.
      7728 Alameda Ave, El Paso, TX 79915
      View Details
    • $1,600,000
      1,081 SF

      El Paso Commercial Real Estate

      Prime commercial real estate with tenant in El Paso's upper valley.
      5200 Doniphan Dr, El Paso, TX 79932
      View Details
    • $308,000
      2,814 SF

      Updated Turn-Key El Paso 4-Plex

      Updated 4-plex with quality finishes, modern design, and great rental appeal.
      9012 Matterhorn Dr, El Paso, TX 79904
      View Details
    • $1,200,000
      0.95 Acres

      Versatile Commercial Facility in El Paso

      Adaptable 12,588 sqft commercial building suitable for diverse uses.
      13633 Bachimba Dr, El Paso, TX 79928
      View Details
    • $895,000
      0.39 Acres

      El Paso Commercial Opportunity

      Versatile commercial property near downtown and international bridges.
      1922 E Rio Grande Ave, El Paso, TX 79902
      View Details
    • $539,700
      Pending

      Remodeled Multifamily Property in Kern

      Completely remodeled multifamily property with rental potential near UTEP.
      2402 N Kansas St, El Paso, TX 79902
      View Details
    • $279,500
      Pending

      Remodeled El Paso Multifamily Property

      Remodeled 4-bedroom house with 1-bedroom apartment, ideal for Airbnb.
      104 Chip Chip Way, El Paso, TX 79915
      View Details

    FAQs

    What type of property is this?
    Land - 7.40 acres of land ready for development.
    Where is this land located?
    The property is located at PN-38235 Oshea Rd El Paso, TX.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: - Large 7.40 Acre Lot; - Located in Far East El Paso (79938); - Adjacent to Developed Area
    (503) 501-6892
    Request Owner's contact information
    PN-38235 Oshea Rd El Paso, TX 79938
    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.
    PN-38235 Oshea Rd
    El Paso, TX 79938
    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
    PN-38235 Oshea Rd El Paso, TX 79938
    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

    We can help!
    Listing Contact
    Stephanie L Galbreath
    Stephanie L Galbreath
    Real Estate License ID: 0660198
    (503) 501-6892
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.