Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    475 N Kenazo Avenue Horizon City, TX 79928

    View on Map
    Claim this Listing
    Pending
    $925,650

    COMMERCIAL - Horizon City, TX

    Lot size:
    1.25 Acres
    Added:
    Feb 12, 2025
    Days on Market:
    450
    Last Refresh:
    May 8 at 4:06 am

    Property Features for 475 N Kenazo Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    C2
    Fireplace
    1
    Standard status
    Pending
    APN
    T963000002A0300
    Lot size
    1.25 Acres

    Taxes and HOA fees

    Tax Description
    BLK 2 TUSCANY PARK VILLAGE REPLAT A LOT 3

    Building Details

    Floors in Building
    1

    We can help!

    Listing Contact
    Fabian Uribe

    Listing agent Fabian Uribe License #0667251

    Listing office Team Juan Uribe 6350 Escondido Dr. Suite A-13, El Paso, TX

    Listing date Feb 12, 2025

    MLS# 916885

    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

    • 1.25 acres of prime real estate
    • Direct frontage on Kenazo Ave
    • Only 0.1 miles from Eastlake Blvd
    • Located on the east side of El Paso
    • Across the street from an existing commercial development
    • Exceptional potential for growth

    Overview

    Horizon City Commercial Land Opportunity

    This 1.25-acre commercial land is located on the east side of El Paso. The property has frontage on Kenazo Ave and is 0.1 miles from Eastlake Blvd. The parcel is situated in a rapidly developing area and is across the street from an existing commercial development. The property is zoned C2 and is located in Horizon City, TX.
    Property Profile Insight Report 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

      High-Traffic Corner Lot in Horizon

      One-acre corner lot suitable for retail in Horizon City, TX.
      501 Darrington Road, Horizon City, TX 79928
      View Details
    • $15,000

      Horizon City Land For Sale

      Investment lot near Ascencion St. with easy access.
      30 Kentwood Avenue, Horizon City, TX 79928
      View Details
    • $55,000

      Horizon City Land For Sale

      Half-acre commercial land with paved road frontage in Horizon City.
      4 Ascencion Street, Horizon City, TX 79928
      View Details
    • $60,000

      2.5 Acres in Horizon City

      2.5 acres of land in a rapidly developing area.
      Kenazo Avenue, Horizon City, TX 79928
      View Details
    • $70,000

      Horizon City Land For Sale

      Half-acre lot with utilities and flexible usage options.
      14138 Fortuna Street, Horizon City, TX 79928
      View Details
    • $100,000

      Horizon City Land Opportunity

      Commercial land for sale in a growing area.
      PN-129994 Darrington, Horizon City, TX 79928
      View Details
    • $45,000

      Horizon City Land Investment Opportunity

      Prime land in a rapidly growing Horizon City corridor.
      Gibono Road, Horizon City, TX 79928
      View Details
    • $4,079,830

      Horizon City Land Opportunity

      17.84 acres of prime land in Horizon City, Texas.
      469 N Kenazo Avenue, Horizon City, TX 79928
      View Details
    • $7,500

      Horizon City Land Opportunity

      Half-acre lot in rapidly growing Horizon City area.
      PN-252998 Jolet St, Horizon City, TX 79928
      View Details
    • $35,000

      Horizon City Land For Sale

      Half-acre surveyed land ready for development in Horizon City, TX.
      6 Fairfield Avenue, Horizon City, TX 79928
      View Details
    • $25,000

      Horizon City Land For Sale

      Unimproved lot with potential in a growing area.
      PN-281469 Ascencion Street, Horizon City, TX 79928
      View Details
    • $69,400

      One Acre Land in Horizon

      One acre of land near Horizon Blvd, great investment.
      TBD1 N Ascencion Street, Horizon City, TX 79928
      View Details

    FAQs

    What type of property is this?
    Land - Prime 1.25-acre commercial land in a rapidly developing area.
    Where is this land located?
    The property is located at 475 N Kenazo Avenue 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; Only 0.1 miles from Eastlake Blvd
    (915) 433-1721
    We can help!
    Listing Contact
    Fabian Uribe
    Real Estate License ID: 0667251
    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
    475 N Kenazo Avenue, Horizon City, TX 79928
    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!