Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Residential Land with Mountain Views Title is generated by Realmo AI

    3100 Swanson Drive, El Paso, TX 79904

    View on Map
    Claim this Listing
    For Sale
    $3,500,000

    LAND - El Paso, TX

    Lot size:
    10.57 Acres
    Added:
    Aug 4, 2025
    Days on Market:
    304
    Last Refresh:
    Jun 3 at 5:06 pm

    Property Features for 3100 Swanson Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R1
    Standard status
    Active
    APN
    26788
    Lot size
    10.57 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    9 MOUNTAIN HILLS ESTATES #4 LOT 1 (10.5696 AC)
    Tax Annual Amount
    1065

    We can help!

    Listing Contact
    Steve McGinnis

    Listing agent Steve McGinnis License #0307269

    Listing office Terra Firma Real Estate 3517 Byron St., El Paso, TX

    Listing date Aug 4, 2025

    MLS# 927948 Listing URL

    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

    • Over ten acres of land with minimal slope, ideal for residential development.
    • Prime location above Hondo Pass, offering views of NE El Paso, Fort Bliss, and Waco Tanks.
    • One of the last and largest developable land parcels at this altitude in the area.
    • Zoned as residential, simplifying the development process.
    • Located right above an existing housing area.
    • Easy access via Magnetic Street, off the east end of Hondo Pass.

    Overview

    This expansive property features over ten acres of residential land situated above Hondo Pass, overlooking northeast El Paso. It is described as one of the last and largest pieces of land available at this altitude in Texas, presenting a development opportunity on the mountain. The zoning is residential. The terrain is characterized by a minimal slope, featuring mostly flat, rolling hills. The property offers views of northeast El Paso, Fort Bliss, and as far as Waco Tanks. The location is accessible from the east end of Hondo Pass, turning left onto Magnetic, with the property visible up the mountain. Refer to the plat or GIS map from the CAD for details on the property size and location.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    El Paso
    County
    El Paso
    State
    Texas
    Longitude
    -106.459034
    Latitude
    31.8662

    Nearby Similar for Sale

    • $1,500,000
      5,595 SF

      El Paso Commercial Corner Property

      Corner property with two buildings, ideal for various businesses.
      500 E Schuster Avenue, El Paso, TX 79902
      View Details
    • $1,470,000
      10,620 SF

      New Flex Warehouse in El Paso

      Newly constructed flex warehouse with office, storage, and covered yard.
      13481 Martha, El Paso, TX 79938
      View Details
    • $1,650,000
      10,600 SF

      El Paso Flex Warehouse

      Flex warehouse with office space and loading docks in El Paso.
      2401 ALAMEDA Avenue, El Paso, TX 79901
      View Details
    • $1,300,000
      8,000 SF

      El Paso Retail Opportunity

      Freestanding 8,000 SF building in active commercial area.
      12020 Montana Avenue, El Paso, TX 79936
      View Details
    • $450,000
      4,875 SF

      Downtown El Paso Commercial Property

      Multi-tenant property near Stanton International Bridge, ideal for retail.
      612 S STANTON Street, El Paso, TX 79901
      View Details
    • $1,250,000
      6,000 SF

      El Paso Warehouse on Acre

      6,000 sq ft warehouse built in 2026 on 1 acre.
      980 Zabel Lane, El Paso, TX 79928
      View Details
    • $1,500,000

      High-Traffic Retail Opportunity in El Paso

      Freestanding building with income potential in active commercial corridor.
      7021 Alameda Avenue, El Paso, TX 79915
      View Details
    • $300,000

      El Paso Commercial Multi-Use Facility

      Multi-use commercial facility with metal buildings and rental income.
      13691 Emma Lane, El Paso, TX 79938
      View Details
    • $159,000

      Established Restaurant and Bar Business

      Operating restaurant and bar business for sale in El Paso.
      1441 N ZARAGOZA Road, El Paso, TX 79936
      View Details
    • $300,000

      Multi-Use Facility For Sale

      Multi-use commercial property with tenant income in El Paso, TX.
      13680 Laura Lane, El Paso, TX 79938
      View Details
    • $450,000
      6,000 SF

      Downtown El Paso Commercial Property

      Income-producing commercial property in the heart of downtown El Paso.
      408 S EL PASO Street, El Paso, TX 79901
      View Details
    • $24
      3,300 SF

      El Paso Flex Medical/Office Facility

      Flex medical/office facility in a thriving commercial hub.
      2026 Bluff Creek Street, El Paso, TX 79911
      View Details

    FAQs

    What type of property is this?
    Land - Large residential land parcel with views overlooking northeast El Paso.
    Where is this land located?
    The property is located at 3100 Swanson Drive El Paso, TX.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: Over ten acres of land with minimal slope, ideal for residential development.; Prime location above Hondo Pass, offering views of NE El Paso, Fort Bliss, and Waco Tanks.; One of the last and largest developable land parcels at this altitude in the area.
    (915) 526-8383
    We can help!
    Listing Contact
    Steve McGinnis
    Real Estate License ID: 0307269
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    3100 Swanson Drive, El Paso, TX 79904
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!