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    Horizon City Commercial Land For Lease Title is generated by Realmo AI

    15100 Horizon Boulevard, Horizon City, TX 79928

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    Claim this Listing
    For Lease
    $4,250/Mo $21 SF/Yr (calc)

    COMMERCIAL - Horizon City, TX

    Property size:
    2,337 SF
    Lot size:
    8.00 Acres
    Added:
    May 20, 2025
    Days on Market:
    371
    Last Refresh:
    May 25 at 2:06 am

    Property Features for 15100 Horizon Boulevard

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    Out of Area
    Fireplace
    1
    Standard status
    Active
    APN
    X57800033900220
    Size
    2,337 SF
    Lot size
    8.00 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Description
    78 TSP 3 SEC 39 T & P ABST 2073 NE 1/4 OF NE 1/4 OF NE1/4 EXC (N 130') (8.00 AC)
    Tax Annual Amount
    9656

    Utilities

    Utilities
    Electricity Available
    Sewer type
    Septic Tank

    Building Details

    Floors in Building
    1
    Building materials
    Brick

    We can help!

    Listing Contact
    Jaime Mora

    Listing agent Jaime Mora License #0418797

    Listing office Alluvion Realty Group, LLC 2415 Montana Ave, El Paso, TX

    Listing date May 20, 2025

    MLS# 923003

    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.

    HighLights

    • 8‑acre commercial lot suitable for various businesses
    • Fully screened and fenced for security and privacy
    • Includes a 2337 sq ft building with 2 offices, warehouse space, and refrigerated AC
    • New septic system and water tank on site
    • Phase one electric power available
    • Excellent location at the corner of Horizon Blvd and Buffalo Drive, near Horizon High School

    Overview

    This 8-acre commercial lot is available for lease. The property is fully screened and fenced, featuring a 2337 square foot building that includes 2 offices and a warehouse. It is equipped with phase one electric and refrigerated AC. A new septic system and water tank are located on-site. The property is suitable for various uses, including trucking companies, construction and equipment yards, solar company staging, and material or landscaping supply yards. The leasing rate is $4250 per month on a net lease basis, which equates to 14.6 cents per square foot for the land and building. The property is located at the corner of Horizon Blvd and Buffalo Drive, approximately 2 miles east of Horizon High School in Horizon City.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Auto Repair Shop Hotel & Motel Department Store Kitchen & Bath Showroom HVAC Service

    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
    -106.146129
    Latitude
    31.682352

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    FAQs

    What type of property is this?
    Commercial land - 8 acre commercial lot with building for lease.
    Where is this commercial land located?
    The property is located at 15100 Horizon Boulevard Horizon City, TX.
    What is the lease rate?
    The lease rate is $4,250 /Mo.
    What are key features of this property?
    This property features: 8‑acre commercial lot suitable for various businesses; Fully screened and fenced for security and privacy; Includes a **2337 sq ft building with 2 offices, warehouse space, and refrigerated AC**
    (915) 588-7354
    We can help!
    Listing Contact
    Jaime Mora
    Real Estate License ID: 0418797
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    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
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    15100 Horizon Boulevard, Horizon City, TX 79928
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