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    15581 Horizon Blvd Agua Dulce, TX 79928

    For Sale
    $1,059,000

    AAA-Rated Tenant, Strong ROI

    Property size:
    4,532 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional investment opportunity presents a fee-simple interest in a 4,532 square foot, single-tenant office building located at 15581 Horizon Blvd, Horizon City, TX 79928. The property, built in 2008, sits on a 0.84-acre lot and is currently 100% occupied by the Texas Department of Criminal Justice under a net lease agreement. The lease, originally commencing January 1, 2009, has a remaining term of approximately 4.1 years, with three five-year renewal options. The tenant, boasting an AAA credit rating, provides exceptional financial stability. The current annual net operating income (NOI) is $79,406, resulting in a 7.50% cap rate. The asking price is $1,059,000. Annual rent bumps of $0.50 per square foot are included in the lease terms. This Class C building offers a compelling investment opportunity due to its strong tenant, long-term lease, and attractive financial metrics. The property features one story and one building. Over $81,700 in recent improvements have been made. This is a rare chance to acquire a stable, income-producing asset with a highly rated tenant in a desirable location.

    Property Features for 15581 Horizon Blvd

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    4,532 SF
    Class
    C
    Lot Size
    36,590 SF

    Building Details

    Year Built
    2008
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • $1,059,000 asking price for a net‑leased office property.
    • 4,532 square foot, single‑tenant office building in Horizon City, TX.
    • Leased to the Texas Department of Criminal Justice (TDCJ), a tenant with an AAA credit rating.
    • 20‑year lease with 4.1 years remaining and three 5‑year renewal options.
    • 7.50% cap rate based on a $79,406 net operating income (NOI).
    • $0.50 per square foot annual rent increases.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Wholesale Shop Auto Repair Shop Food Market Bar & Pub Grocery Store Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Agua Dulce
    County
    El Paso
    State
    Texas
    Longitude
    -106.1345705
    Latitude
    31.65783

    Nearby Comparable

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      Two Homes on Spacious Lot

      Two homes on a large lot with stage and office.
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    • New
      Contact for pricing
      0.35 Acres

      Horizon City Land For Sale

      Land available in Horizon City, Texas with owner financing.
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    • $55,000
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      El Paso Corner Lot

      48-acre corner lot with city water meter and easy access.
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      View Details

    FAQs

    What type of property is this?
    Office Property / Space - AAA-Rated Tenant, Strong ROI
    Where is this office property / space located?
    The property is located at 15581 Horizon Blvd Agua Dulce, TX.
    What is the asking price?
    The asking price for this property is $1,059,000.
    What are key features of this property?
    This property features: $1,059,000 asking price for a net-leased office property.; 4,532 square foot, single-tenant office building in Horizon City, TX.; Leased to the Texas Department of Criminal Justice (TDCJ), a tenant with an AAA credit rating.
    (832) 368-0374
    Request Owner's contact information
    15581 Horizon Blvd Agua Dulce, TX 79928
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    Agua Dulce, TX 79928
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    Realmo Value Estimation

    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.

    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
    15581 Horizon Blvd Agua Dulce, TX 79928
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