9961 Alameda Ave, Socorro, TX 79927
6.3 acres with two multi-tenant buildings for sale.
- Added:
- Jun 28, 2023
- Days on Market:
- 1077
- Last Refresh:
- May 12 at 11:04 pm
Property Features for 9961 Alameda Ave
General Information
- Standard status
- Active
- Size
- 7,969 SF
- Lot size
- 6.30 Acres
- Property subtype
- Land
Listing agent Michael McBroom License #TX 648650
Listing office Sonny Brown Associates
Listing date Jun 28, 2023
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 Sonny Brown Associates
HighLights
- Large 6.3‑acre land parcel included.
- Two multi‑tenant buildings included in the sale.
- Total of 7,969 square feet of building space.
- Located near Socorro High School.
- Building one totals 3,935 SF.
- Building two totals 4,034 SF.
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $114.8k | $14.40 |
| − Vacancy | −$17.1k | −$2.15 |
| EGI | $97.7k | $12.25 |
| − OpEx | −$29.3k | −$3.68 |
| NOI | $68.4k | $8.58 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Socorro
- County
- El Paso
- State
- Texas
- Longitude
- -106.297765
- Latitude
- 31.663683
