Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    475 N Kenazo Ave Horizon City, TX 79928

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $925,650

    1.25 acres in rapidly developing area, east El Paso.

    Lot size:
    1.25 Acres

    Property Features for 475 N Kenazo Ave

    General Information

    Standard status
    Active
    Lot size
    1.25 Acres

    We can help!

    Listing Contact
    Fabian Uribe
    Source: Exitrealty

    Listing Agency: Team Juan Uribe Listing Agent: Fabian Uribe

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Prime Land on Kenazo Avenue

    This 1.25-acre commercial land parcel is located on the east side of El Paso, offering potential for development. The property features frontage on Kenazo Avenue and is situated 0.1 miles from Eastlake Boulevard. The location is in a rapidly developing area and is across the street from an existing commercial development. This property is suitable for investment, building, or development.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Horizon City
    County
    El Paso
    State
    Texas
    Longitude
    -106.18764
    Latitude
    31.682869

    Nearby Similar for Sale

    • $660,000
      1.00 Acre

      High-Traffic Corner Lot in Horizon

      One-acre corner lot suitable for retail in Horizon City, TX.
      501 Darrington Rd, Horizon City, TX 79928
      View Details
    • $300,000
      3,877 SF

      Horizon City Multifamily Investment Opportunity

      Multifamily property with existing tenants in Horizon City, Texas.
      561 Agua De Mar, Horizon City, TX 79928
      View Details
    • $240,000
      1,822 SF

      Horizon City Duplex Investment Opportunity

      Duplex near Horizon Blvd with potential for expansion.
      13099 Bowdoin Dr, Horizon City, TX 79928
      View Details
    • $675,000
      2,500 SF

      Horizon City Office Building

      Class A Office, 2,500 SF, $675,000
      1520 Oxbow Dr, Horizon City, TX 79928
      View Details
    • $1,700,000
      2,497 SF

      Horizon City Burger King Investment

      High-traffic Burger King, strong ROI.
      14290 Horizon Blvd, Horizon City, TX 79928
      View Details
    • $1,100,000
      4,600 SF

      Horizon City Flex Space For Sale

      Class A Flex Space, Lease-to-Own Available
      1538 Pawling Dr, Horizon City, TX 79928
      View Details
    • $4,500,000
      20,000 SF

      1524 Pawling Dr

      Lifestyle centers • 20,000 SF
      1524 Pawling Dr, Horizon City, TX 79928
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.25 acres in rapidly developing area, east El Paso.
    Where is this commercial land located?
    The property is located at 475 N Kenazo Ave Horizon City, TX.
    What is the asking price?
    The asking price for this property is $925,650.
    What are key features of this property?
    This property features: - 1.25 acres of prime real estate; - Direct frontage on Kenazo Ave; - Located just 0.1 miles from Eastlake Blvd
    (915) 433-1721
    Request Owner's contact information
    475 N Kenazo Ave Horizon City, TX 79928
    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.
    475 N Kenazo Ave
    Horizon City, TX 79928
    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
    475 N Kenazo Ave Horizon City, TX 79928
    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
    Fabian Uribe
    Real Estate License ID: 0667251
    (915) 433-1721 (915) 585-0007
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!