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    Desert Blvd Vinton, TX 79835

    Sponsored
    For Sale
    Contact for pricing

    Exceptional development opportunity near major retail.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    401
    This exceptional commercial land offering presents a unique investment opportunity in the rapidly expanding northwest El Paso submarket. Located on S Desert Blvd in Canutillo, Texas (zip code 79835), this property boasts a lot size ranging from 0.98 to 3.05 acres, providing flexibility for various development projects. The land is situated as a fully developed outparcel to the only outlet mall in the region, attracting approximately 9 million visitors annually. This high-traffic location offers unparalleled visibility and access to a substantial consumer base. The property's strategic location provides proximity to a wealth of amenities, including approximately 100 existing stores and restaurants within the outlet mall itself. Furthermore, its close proximity to a new Tenet hospital, the Northwest Corporate Center (employing over 5,000), and several master-planned communities ensures a strong and growing population base. Multiple proposed uses are feasible, including restaurants, hotels, and office spaces, making this a versatile and attractive investment for developers seeking a prime location in a thriving market. The land value ranges from $14 to $16 per square foot. This presents a compelling opportunity to capitalize on the significant growth and development occurring in this dynamic area of El Paso, Texas. The property is located in El Paso County.

    Property Features for 0 Desert Blvd

    General Information

    Property type
    Land
    Lot Size
    42,689 SF

    HighLights

    • Fully developed outparcels adjacent to the only outlet mall in the region, attracting approximately 9 million annual visitors.
    • Located in the rapidly growing northwest El Paso submarket.
    • Suitable for restaurants, hotels, and office development.
    • Abundant amenities with approximately 100 existing stores and restaurants in the adjacent outlet mall.
    • Close proximity to a new Tenet hospital, the Northwest Corporate Center (5,000+ employees), and several master‑planned communities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Vinton
    County
    El Paso
    State
    Texas
    Longitude
    -106.5831766
    Latitude
    31.9410142

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    FAQs

    What type of property is this?
    Land - Exceptional development opportunity near major retail.
    Where is this land located?
    The property is located at Desert Blvd Vinton, TX.
    What are key features of this property?
    This property features: Fully developed outparcels adjacent to the only outlet mall in the region, attracting approximately 9 million annual visitors.; Located in the rapidly growing northwest El Paso submarket.; Suitable for restaurants, hotels, and office development.
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    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.

    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
    Desert Blvd Vinton, TX 79835
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