Add Listing
    For Lease
    • 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

    1524 Pawling Dr Horizon City, TX 79928

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Modern flex space, ideal for various businesses.

    Lot size:
    20,000 SF

    Property Features for 1524 Pawling Dr

    General Information

    Property type
    Life science properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    20,000 SF
    Class
    B
    Total Rate
    30000

    Building Details

    Year Built/Renovated
    2024/2024
    Buildings
    1
    Stories
    1

    Spaces For Lease

    at 1524 Pawling Dr, Horizon City, TX 79928 Contact us
    Unit Available Space 1

    $18 /Mo

    Size
    2,000 SF
    Contact us
    Unit Available Space 2

    $18 /Mo

    Size
    20,000 SF
    Contact us

    We can help!

    Listing Contact
    George Dipp
    George Dipp

    Listing Agency: Wolf Investment Trust LLC Listing Agent: George Dipp

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional Horizon City, TX property, located at 1524 Pawling Dr, offers 20,000 square feet of versatile flex space, divisible into 2,000-square-foot units, or available as a single 20,000-square-foot space. The single-story building, constructed and renovated in 2024, features a Class B rating, 18-foot ceilings, and nine loading docks, complemented by nine drive-in doors and ample parking for 120 vehicles. The property sits on a 2-acre lot with 300 feet of frontage and boasts modern amenities including high-bay LED lighting, three-phase power, and state-of-the-art Carrier 7.5-ton HVAC units in each unit. The energy-efficient TPO roof carries a 35-year warranty. Zoned C1, this property offers convenient access to major transportation routes and is situated near numerous retail establishments including Walmart, Ross, and various restaurants. El Paso Electric provides power. Property taxes are $2 per square foot. Tenants can enjoy the benefits of this modern, functional space, perfectly suited for a variety of business needs. The property is conveniently located in the Horizon submarket, with easy access to public transportation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Life science properties

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop 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
    -106.19783105804
    Latitude
    31.681243431737

    Nearby Similar for Lease

    • $2,700 /Mo

      Horizon City Commercial Space Available

      Commercial space for lease in Horizon City, Texas.
      13791 Horizon Blvd, Horizon City, TX 79928
      View Details
    • $20 SF/Yr
      108,900 SF

      Horizon City Retail Space Available

      Retail space for lease near Super Walmart and national franchises.
      14010 Horizon Blvd, Horizon City, TX 79928
      View Details
    • $21 SF/Yr
      108,900 SF

      Horizon City Retail/Office Space

      Retail or office space available in Horizon City, Texas.
      287 S Darrington Rd, Horizon City, TX 79928
      View Details
    • $18 SF/Yr
      108,900 SF

      Horizon City Commercial Space Available

      High-visibility commercial space in a rapidly developing area.
      287 Darrington Rd, Horizon City, TX 79928
      View Details
    • $3,128 /Mo
      1,307 SF

      Horizon City Retail/Restaurant Space

      Restaurant space with hood system in high-traffic area.
      13791 Horizon Blvd Unit, Horizon City, TX 79928
      View Details
    • $9 SF/Yr
      87,120 SF

      Horizon City Industrial Space Available

      4,000 sq ft industrial space with easy access.
      1538 Pawling Dr, Horizon City, TX 79928
      View Details
    • $22 SF/Yr
      2,000 SF

      Restaurant Ready Space For Lease

      Restaurant-ready space with equipment in active commercial area.
      14010 Horizon Blvd, Horizon City, TX 79928
      View Details
    • $35 SF/Yr
      1,200 SF

      Retail Space in Horizon City

      Retail space available for lease in Horizon City, Texas.
      13001 Emerald Pass Ave, Horizon City, TX 79928
      View Details
    • Contact for pricing
      4,000 SF

      Horizon City Retail Space

      Retail space available for lease in Horizon City, Texas.
      14150 Horizon Blvd, Horizon City, TX 79928
      View Details
    • Contact for pricing
      3,437 SF

      Horizon City Retail Space Available

      Retail space available for lease in Horizon City, Texas.
      13649 Eastlake Blvd, Horizon City, TX
      View Details
    • $25 SF/Yr
      4,800 SF

      Prime Retail Space, El Paso County

      4,800 SF Retail Space - Available Now
      150 Darrington Rd, Horizon City, TX 79928
      View Details
    • Contact for pricing
      5,450 SF

      Horizon City Retail Space For Lease

      Prime Retail, Multiple Units Available
      13660 Horizon Blvd, Horizon City, TX 79928
      View Details

    FAQs

    What type of property is this?
    Life science property - Modern flex space, ideal for various businesses.
    Where is this life science property located?
    The property is located at 1524 Pawling Dr Horizon City, TX.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Brand new construction with a modern design.; Prime location with convenient access to retail, dining, and public transportation.; Flexible office/warehouse space available, ranging from 2,000 to 20,000 square feet.
    (915) 858-3100 Call to check price and availability
    Request Owner's contact information
    1524 Pawling Dr Horizon City, TX 79928
    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.
    1524 Pawling Dr
    Horizon City, TX 79928
    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
    1524 Pawling Dr Horizon City, TX 79928
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing George Dipp
    George Dipp
    (915) 858-3100
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!