Two-Unit Duplex with
For Sale
$455,500
11467 Van Nuys Drive, Socorro, TX 79927
Residential Income, Socorro, TX
Property Size3,030 SF
Lot Size0.19 Acres
Price / SF$150.33
Days on Market181
Property Features for 11467 Van Nuys Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R1
Appliances
Washer Hookup, Washer, Refrigerator, Microwave, Free-Standing Gas Oven, Dryer, Dishwasher
Subdivision
Sunset Valley
Elementary school
Hueco
Middle school
Socorrom
High school
Socorro
Elementary school district
Socorro
Middle school district
Socorro
High school district
Socorro
Standard status
Active
APN
98600000401800
Size
3,030 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BLK 4 SUNSET VALLEY ESTATES # LOT 16
Tax Annual Amount
11228
Legal Description
BLK 4 SUNSET VALLEY ESTATES # LOT 16
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Central
Cooling system
Ceiling Fan(s)
Building Details
Year built
2023
Number of units
2
Flooring type
Tile
Building materials
Stucco
Roof type
Shingle
Listing Agency:
The Right Move Real Estate Gro
(915) 253-1966
Listed By:
Cristal Hernandez
(915) 519-5245
Added: Mar 13
Changed: Sep 6
Last Checked: Sep 9 at 9:06PM
MLS# 940426
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.
Investment Insights
Based on property information with market context.
Built in 2023, this two-story duplex contains 3,030 square feet across two units, with 1,515 square feet on each side. Units A and B are included, providing a combined four bedrooms, two full bathrooms, and one half bathroom. The property features tile flooring, stucco construction, shingle roofing, central forced-air heating, ceiling fans, and appliances including refrigerators, microwaves, free-standing gas ovens, dishwashers, washers, and dryers. Washer hookups are also present.
The duplex occupies a 0.19-acre corner lot in Socorro, Texas, with a large backyard and a double-car garage. Public sewer serves the property, which is zoned R1. Its location provides access to major roads, shopping, dining, schools, and parks, with other duplexes in the surrounding area.
The duplex occupies a 0.19-acre corner lot in Socorro, Texas, with a large backyard and a double-car garage. Public sewer serves the property, which is zoned R1. Its location provides access to major roads, shopping, dining, schools, and parks, with other duplexes in the surrounding area.
Key Highlights
- Two‑unit duplex with 3,030 square feet total; each unit measures 1,515 square feet
- Combined layout includes 4 bedrooms, 2 full bathrooms, and 1 half bathroom
- Built in 2023 on a 0.19‑acre corner lot
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,126
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.52%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$502,520
$502.5K
Cap Rate 7%
$358,943
$358.9K
Cap Rate 9%
$279,178
$279.2K
Market Conditions
NOI Build-Up for 3,030 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$38.2K $12.60/SF
− Vacancy
−$2.3K −$0.75/SF
EGI
$35.9K $11.85/SF
− OpEx
−$10.8K −$3.55/SF
NOI
$25.1K $8.29/SF
Area
El Paso County, TX
Vacancy
5.98%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$502,520
Cap Rate 7%
$358,943
Cap Rate 9%
$279,178
Alternative Uses
Best Use
Multifamily LT 5
$358.9K
$314.1K – $418.8K
NOI $25,126 @ 7.0% cap · market cap 5.52%
Second Best
Apartment 5plus
$329.3K
$288.1K – $384.1K
NOI $23,048 @ 7.0% cap · market cap 5.06%
Theoretical Best
Office A
$547.6K
$479.1K – $638.9K
NOI $38,331 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
65
Businesses Nearby
Explore this area
Business Placement
Demographics for 79927, TX
40,290
Population
14,284
Households
2.8
Avg Household Size
35
Median Age
10%
College-Educated
70%
High-School Grad
27.4 sq mi
ZIP Area
1,470
Density / Sq Mi
$51,735
Median Household Income
$30,738
Median Earnings
$1,070
Median Rent
$125,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-story duplex with included appliances, a corner-lot setting, and access to major roads, shopping, dining, schools, and parks.
Where is this duplex located?
The property is located at 11467 Van Nuys Drive Socorro, TX.
What is the asking price?
The asking price for this property is $455,500.
What are key features of this property?
This property features: Two‑unit duplex with 3,030 square feet total; each unit measures 1,515 square feet; Combined layout includes 4 bedrooms, 2 full bathrooms, and 1 half bathroom; Built in 2023 on a 0.19‑acre corner lot
