Under-Construction
New
For Sale
$325,000
12248 GAUDI Way, El Paso, TX 79938
Residential, El Paso, TX
Property Size1,651 SF
Lot Size0.03 Acres
Price / SF$196.85
Days on Market2
Property Features for 12248 GAUDI Way
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Zoning
R1
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 2, Bathroom 3, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 1
Window features
Double Pane Windows, Vinyl Frames
Interior features
Eat-in Kitchen, Ceiling Fan(s), Kitchen Island, Master Up, Pantry, Walk-In Closet(s)
Exterior features
Balcony
Appliances
Dishwasher, Disposal, Dryer, Free-Standing Gas Oven, Microwave, Refrigerator, Tankless Water Heater, Washer
Subdivision
Barcelona Estates
Lot features
Corner Lot, Gated Community
Elementary school
Helenball
Middle school
Slider
High school
Montwood
Elementary school district
Socorro
Middle school district
Socorro
High school district
Socorro
Standard status
Active
APN
B19799900105100
Size
1,651 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
1 BARCELONA ESTATES REPLAT A LOT 51 (1497.00 SQ FT)
Tax Annual Amount
5636
HOA Fee
$85 Monthly
Legal Description
1 BARCELONA ESTATES REPLAT A LOT 51 (1497.00 SQ FT)
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Ceiling Fan(s), Window Unit(s)
Amenities
gated community
pool
game room
ballroom
kitchen
private office
Building Details
Year built
2027
Floors in Building
2
Flooring type
Carpet, Wood, Tile, Stone
Building materials
Stucco
Roof type
Flat, Tile
Architectural style
Other
Listing Agency:
KASA Realty Group
(915) 792-6761
Listed By:
Blanca Cecilia Alvidrez · License #0781590
(915) 241-4940
Added: Oct 1
Last Checked: Oct 2 at 3:06AM
MLS# 952104
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.
This 1,651-square-foot duplex is under construction on a 0.03-acre lot and is listed with a 2027 year built. The interior includes three bedrooms and three bathrooms, with the primary bedroom upstairs. An eat-in kitchen features an island and pantry; a balcony adds outdoor space. Stucco construction, tile and flat roofing, and central heating are also specified. Appliances include a dishwasher, disposal, gas oven, microwave, refrigerator, washer and dryer, plus a tankless water heater.
The property is within a gated community less than a minute from I-10. Restaurants, grocery stores, shopping, gyms and entertainment are described as nearby, with some amenities within walking distance. Community facilities include a clubhouse with a pool, game room, ballroom, kitchen and private office; the clubhouse is undergoing remodeling. A community park is planned.
The property is within a gated community less than a minute from I-10. Restaurants, grocery stores, shopping, gyms and entertainment are described as nearby, with some amenities within walking distance. Community facilities include a clubhouse with a pool, game room, ballroom, kitchen and private office; the clubhouse is undergoing remodeling. A community park is planned.
Key Highlights
- 1,651‑square‑foot duplex on a 0.03‑acre lot
- Three bedrooms and three bathrooms, with the primary bedroom upstairs
- Eat‑in kitchen with island and pantry; balcony
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
$20,159
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
6.20%
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%
$403,180
$403.2K
Cap Rate 7%
$287,986
$288.0K
Cap Rate 9%
$223,989
$224.0K
Market Conditions
NOI Build-Up for 1,651 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
$30.1K $18.24/SF
− Vacancy
−$1.3K −$0.80/SF
EGI
$28.8K $17.44/SF
− OpEx
−$8.6K −$5.23/SF
NOI
$20.2K $12.21/SF
Area
ZIP 79938
Vacancy
4.37%
Lease Rate
$18.24 /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%
$403,180
Cap Rate 7%
$287,986
Cap Rate 9%
$223,989
Alternative Uses
Best Use
Multifamily LT 5
$288.0K
$252.0K – $336.0K
NOI $20,159 @ 7.0% cap · market cap 6.20%
Second Best
Apartment 5plus
$256.9K
$224.8K – $299.7K
NOI $17,984 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$414.2K
$362.4K – $483.2K
NOI $28,994 @ 7.0% cap · market cap 8.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
669
Businesses Nearby
Explore this area
Business Placement
Demographics for 79938, TX
96,353
Population
29,818
Households
3.2
Avg Household Size
29
Median Age
28%
College-Educated
85%
High-School Grad
390.2 sq mi
ZIP Area
247
Density / Sq Mi
$75,801
Median Household Income
$40,528
Median Earnings
$1,433
Median Rent
$199,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Three bedrooms, three bathrooms and an upstairs primary suite define the interior layout.
Where is this duplex located?
The property is located at 12248 GAUDI Way El Paso, TX.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 1,651‑square‑foot duplex on a 0.03‑acre lot; Three bedrooms and three bathrooms, with the primary bedroom upstairs; Eat‑in kitchen with island and pantry; balcony
