Residential Income Property with Open
For Sale
$167,500
1533 Greg Powers Dr, El Paso, TX 79936
A 1987 residence with flexible living areas, a private primary bath, and an easy-care outdoor area.
Property Size1,074 SF
Price / SF$155.96
Days on Market29
Property Features for 1533 Greg Powers Dr
General Information
Standard status
Active
Size
1,074 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Multifamily Units
1
Building Details
Year Built
1987
Listing Agency:
Home Guide Real Estate LLC
(915) 855-1110
Listed By:
ClearView Realty
(915) 855-1110
Source:
Clearviewep
Added: Aug 1
Changed: Aug 29
Last Checked: Aug 29 at 3:02PM
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 Home Guide Real Estate LLC
Investment Insights
Based on property information with market context.
This 1,074-square-foot residential income property, identified as Unit B, was built in 1987 and offers an open interior arrangement with generous living space. The kitchen provides substantial cabinet and counter areas, while the primary suite includes a private ensuite bath and ample closet space. Additional bedrooms can accommodate household members, visitors, or office use. The property also includes a low-maintenance outdoor area.
The home is situated in East El Paso near shopping, dining, parks, and schools. Loop 375 and I-10 are minutes away, providing access to major transportation routes and nearby services.
The home is situated in East El Paso near shopping, dining, parks, and schools. Loop 375 and I-10 are minutes away, providing access to major transportation routes and nearby services.
Key Highlights
- 1,074 SF residential income property identified as Unit B
- Built in 1987
- Open floor plan with spacious living areas
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
$11,496
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
6.86%
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%
$229,920
$229.9K
Cap Rate 7%
$164,229
$164.2K
Cap Rate 9%
$127,733
$127.7K
Market Conditions
NOI Build-Up for 1,074 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
$21.9K $20.40/SF
− Vacancy
−$1.0K −$0.94/SF
EGI
$20.9K $19.46/SF
− OpEx
−$9.4K −$8.76/SF
NOI
$11.5K $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%
$229,920
Cap Rate 7%
$164,229
Cap Rate 9%
$127,733
Alternative Uses
Best Use
Apartment 5plus
$164.2K
$143.7K – $191.6K
NOI $11,496 @ 7.0% cap · market cap 6.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$227.2K
$198.8K – $265.1K
NOI $15,906 @ 7.0% cap · market cap 9.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - A 1987 residence with flexible living areas, a private primary bath, and an easy-care outdoor area.
Where is this residential income property located?
The property is located at 1533 Greg Powers Dr El Paso, TX.
What is the asking price?
The asking price for this property is $167,500.
What are key features of this property?
This property features: 1,074 SF residential income property identified as Unit B; Built in 1987; Open floor plan with spacious living areas
