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

    12285 Pellicano Dr El Paso, TX 79936

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    1.55-acre commercial land for development in a high-density area.

    Type:Land, Retail
    Lot size:
    1.55 Acres
    Added:
    Oct 21, 2020
    Days on Market:
    2013
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 12285 Pellicano Dr

    General Information

    Standard status
    Active
    Lot size
    1.55 Acres
    Property subtype
    Land, Retail

    We can help!

    Listing Contact
    Chris Duncan

    Listing agent Chris Duncan License #TX

    Listing office REP Commercial Real Estate

    Listing date Oct 21, 2020

    Source Crexi

    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 REP Commercial Real Estate

    Overview

    Prime Commercial Land Opportunity

    This 1.55-acre commercial land development opportunity is located at 12285 Pellicano Dr, El Paso, TX 79936. The site is situated within one of the nation’s most densely populated zip codes (79936) in the United States. The property is adjacent to Auto Zone and located at the intersection of Joe Battle (Loop 375), Pellicano, and Bob Hop Dr. Surrounded by residential, apartment, and commercial developments, this parcel is suitable for retail strip centers, stand-alone retail, or other commercial developments. The seller is open to subdividing the lot. A new Alamo Drafthouse Cinema is located across the street at the Monteverde development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Emicon Corporation Industrial Manufacturer APIC Solutions EPTX Telecommunications Service Jani-King International, Inc General Contractor Soho Audio & Alarm Auto Parts Store Veseris ProCenter Chemical Plant

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    El Paso
    County
    El Paso
    State
    Texas
    Longitude
    -106.268811
    Latitude
    31.727368

    Nearby Similar for Sale

    • $440,000

      El Paso Commercial Lot

      Spacious lot ideal for commercial use in El Paso, TX.
      5241 ADOLPHUS Avenue, El Paso, TX 79904
      View Details
    • $795,000

      El Paso Commercial Opportunity

      Versatile C4-zoned property in a desirable El Paso location.
      11986 ROSEANN Court, El Paso, TX 79936
      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
    • $450,000

      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
    • $315,000

      El Paso Retail/Office Building

      Retail/office building in central location with high traffic.
      3700 BLISS Avenue, El Paso, TX 79903
      View Details
    • $995,000

      Downtown El Paso Office/Flex Building

      Class A office/flex building with warehouse and income potential.
      700 W PAISANO Drive, El Paso, TX 79901
      View Details
    • $539,999

      Modernized Commercial Workplace in El Paso

      Sleek, secure, and fully modernized commercial workplace with ten offices.
      1528 Yandell Drive, El Paso, TX 79902
      View Details
    • $750,000

      El Paso Commercial Investment Opportunity

      Commercial property with two tenants in El Paso, Texas.
      7660 ALAMEDA Avenue, El Paso, TX 79915
      View Details
    • $384,000

      El Paso Commercial Opportunity

      Adaptable commercial space suitable for various business concepts.
      4108 N Piedras Street, El Paso, TX 79930
      View Details
    • $498,000

      El Paso Commercial Property

      2,000 sq ft property in high-density area, El Paso.
      7610 ACAPULCO Avenue, El Paso, TX 79915
      View Details
    • $369,900

      El Paso Commercial Property

      Five-acre commercial property with warehouse and office space in El Paso.
      400 ASCENCION Street unit: B, El Paso, TX 79928
      View Details
    • $1,500,000

      El Paso Commercial Corner Property

      Corner property with two buildings, ideal for various businesses.
      500 E Schuster Avenue, El Paso, TX 79902
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.55-acre commercial land for development in a high-density area.
    Where is this commercial land located?
    The property is located at 12285 Pellicano Dr El Paso, TX.
    What are key features of this property?
    This property features: Located in a densely populated zip code (79936).; Prime 1.55‑acre commercial land development opportunity.; Strategic location at the intersection of Joe Battle (Loop 375), Pellicano, and Bob Hope Dr.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Chris Duncan
    Real Estate License ID: TX
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!