Brick
New
For Sale
$176,500
11635 Scott Simpson Dr, El Paso, TX 79936
Refrigerated air, hard-surface flooring, and an appliance-equipped kitchen enhance the interior layout.
Property Size1,066 SF
Price / SF$165.57
Days on Market3
Property Features for 11635 Scott Simpson Dr
General Information
Standard status
Active
Size
1,066 SF
Property subtype
Multi-Family
Building Details
Year Built
1986
Listing Agency:
The Right Move Real Estate Gro
Listed By:
ClearView Realty
(915) 855-1110
Source:
Clearviewep
Added: Sep 22
Changed: Sep 24
Last Checked: Sep 24 at 9:42AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Right Move Real Estate Gro
Investment Insights
Based on property information with market context.
This 1,066-square-foot brick half-duplex was built in 1986 and combines practical interior features with low-maintenance exterior improvements. The residence includes refrigerated air, no carpet, and a kitchen fitted with a dishwasher, microwave, range hood, and refrigerator. A fireplace provides a defined gathering area within the home.
Outside, artificial turf and a palm tree contribute to the property’s established appearance while limiting landscape maintenance. The El Paso address places the home within the 79936 ZIP code.
Outside, artificial turf and a palm tree contribute to the property’s established appearance while limiting landscape maintenance. The El Paso address places the home within the 79936 ZIP code.
Key Highlights
- 1,066‑square‑foot brick half‑duplex
- Built in 1986
- Refrigerated air and no carpet
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
$11,410
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
6.46%
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%
$228,200
$228.2K
Cap Rate 7%
$163,000
$163.0K
Cap Rate 9%
$126,778
$126.8K
Market Conditions
NOI Build-Up for 1,066 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
$21.7K $20.40/SF
− Vacancy
−$1.0K −$0.94/SF
EGI
$20.7K $19.46/SF
− OpEx
−$9.3K −$8.76/SF
NOI
$11.4K $10.70/SF
Area
ZIP 79936
Vacancy
4.60%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
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%
$228,200
Cap Rate 7%
$163,000
Cap Rate 9%
$126,778
Alternative Uses
Best Use
Apartment 5plus
$163.0K
$142.6K – $190.2K
NOI $11,410 @ 7.0% cap · market cap 6.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$225.5K
$197.3K – $263.1K
NOI $15,787 @ 7.0% cap · market cap 8.94%
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
875
Businesses Nearby
Explore this area
Business Placement
Demographics for 79936, TX
105,150
Population
36,825
Households
2.9
Avg Household Size
37
Median Age
28%
College-Educated
86%
High-School Grad
25.9 sq mi
ZIP Area
4,060
Density / Sq Mi
$64,958
Median Household Income
$32,862
Median Earnings
$1,214
Median Rent
$169,500
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?
Multifamily property - Refrigerated air, hard-surface flooring, and an appliance-equipped kitchen enhance the interior layout.
Where is this multifamily property located?
The property is located at 11635 Scott Simpson Dr El Paso, TX.
What is the asking price?
The asking price for this property is $176,500.
What are key features of this property?
This property features: 1,066‑square‑foot brick half‑duplex; Built in 1986; Refrigerated air and no carpet
