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    Loop Dr Socorro, TX 79927
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    Loop Dr Socorro, TX 79927

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    • Land
    • 98.41 lot acres
    For Sale
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    Socorro Industrial Land - 98 Acres For Sale
    Contact for pricing

    Socorro Industrial Land - 98 Acres

    Prime Texas industrial development site.

    El Paso, TX 79927
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Loop Dr

    Lot size
    98.41 lot acres
    Property type
    Land

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Socorro
    County
    El Paso
    State
    Texas
    Longitude
    -106.261
    Latitude
    31.6454

    Comparable in this City

    • Value Estimation by Request
      0.62 Acres

      I-10 & Nuevo Hueco Tanks Rd

      Land • 27,220 SF
      I-10 & Nuevo Hueco Tanks Rd, Socorro, TX 79927
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    • Value Estimation by Request
      5.29 Acres

      1110 Robin Rd

      Retail properties & Spaces • 5.29 Acres
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    • Value Estimation by Request
      6.74 Acres

      13800 Fino St

      Manufacturing properties • 2,460 SF
      13800 Fino St, Socorro, TX 79927
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    • Value Estimation by Request
      184.00 Acres

      Swq I-10 & Clint

      Farms • 184.00 Acres
      0 Swq I-10 & Clint, Socorro, TX 79927
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    • Value Estimation by Request
      5.61 Acres

      Seq Horizon Blvd & Grn Desert Cir

      Land • 5.61 Acres
      0 Seq Horizon Blvd & Grn Desert Cir, Socorro, TX 79927
      View Details
    • Value Estimation by Request
      1.36 Acres

      850 Nuevo Hueco Tanks Rd

      Land • 1.36 Acres
      850 Nuevo Hueco Tanks Rd, Socorro, TX 79927
      View Details

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      2.4-Acre Fenced Land Parcel

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    • $100,000
      Pending

      Socorro, TX Land Opportunity

      4.34 acres of land in Socorro, TX for sale.
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      Land For Sale El Paso

      Land available for sale in El Paso, Texas.
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      98.41 Acres

      Socorro Industrial Land - 98 Acres

      Prime Texas industrial development site.
      0 Loop Dr, Socorro, TX 79927
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      I-10 & Eastlake Nuevo Hueco Tanks Rd, Horizon City, TX 79927
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    • Contact for pricing

      SEQ Horizon Blvd & Green Desert Cir, Horizon City, TX 79927

      Land
      Seq Horizon Blvd & Grn Desert Cir, Horizon City, TX 79927
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land For Lease

      5 AC commercial land available for long-term ground lease.
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      Industrial Land for Lease

      5 AC industrial land available for long-term ground lease.
      9600 Pan American Dr, El Paso, TX 79927
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      Horizon Blvd Redevelopment Opportunity

      Redevelopment opportunity suitable for retail uses near Horizon Blvd.
      615 Horizon Blvd, Socorro, TX 79927
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    • New
      $1,700 /Mo
      20,909 SF

      Commercial Land For Lease

      0.48 acre commercial land for lease in Socorro, TX.
      11670 Socorro Rd, Socorro, TX 79927
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    • $4 SF/Yr
      47,480 SF

      Socorro Commercial Land For Lease

      Flexible ground lease opportunity in a prime commercial corridor.
      817 Market Pl, Socorro, TX 79927
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    • Contact for pricing

      Retail Space Near Americas Ave

      Shopping center with fire sprinklers and energy-efficient HVAC.
      9895 Alameda Ave, Socorro, TX 79927
      View Details
    View Listing
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    Loop Dr
    Socorro, TX 79927
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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.

    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
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