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    13661 Eastlake Blvd Horizon City, TX 79928
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    13661 Eastlake Blvd, Horizon City, TX 79928

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    • Retail properties & Spaces
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    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 13661 Eastlake Blvd

    Year built
    2024
    Property type
    Retail properties & Spaces

    Description

    The Market at Darrington, a brand-new (2024) retail development in Horizon City, Texas (79928), offers 23 available spaces totaling 1,200 square feet. Located at 13661 Eastlake Blvd, near the cross street of Darrington, in El Paso County's Far East El Paso submarket, this property features ten buildings in a thriving community. This development boasts high-quality construction and is anchored by a new Albertsons Supermarket, a McDonald's, and a modern dental practice, ensuring a strong tenant mix and high foot traffic. The property's prime location within a rapidly growing area presents a unique opportunity for businesses seeking exposure in a vibrant and convenient retail environment. Ideal for a variety of retail, office, restaurant, or gym uses, this development provides a seamless blend of functionality and aesthetics, creating an inviting atmosphere for customers and visitors. Multiple tenancy options are available. This is an exceptional opportunity to establish a presence in a burgeoning community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Horizon City
    County
    El Paso
    State
    Texas
    Longitude
    -106.216
    Latitude
    31.6993

    Comparable in this City

    • Value Estimation by Request
      7,880 SF

      12304 Eastlake Blvd

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      12304 Eastlake Blvd, El Paso, TX 79928
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    • Value Estimation by Request
      36,000 SF

      Nwc Eastlake & Rojas

      Lifestyle centers
      0 Nwc Eastlake & Rojas, El Paso, TX 79928
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    • Value Estimation by Request

      1520 Oxbow Dr

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      1520 Oxbow Dr, Horizon City, TX 79928
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    • Value Estimation by Request
      8,100 SF

      Swc Pellicano & Msn Rdg

      Lifestyle centers
      0 Swc Pellicano & Msn Rdg, El Paso, TX 79928
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    • Value Estimation by Request
      12,000 SF

      Neq Eastlake & Rojas

      Retail properties & Spaces
      0 Neq Eastlake & Rojas, El Paso, TX 79928
      View Details
    • Value Estimation by Request
      5,400 SF

      12261 Eastlake Blvd

      Retail properties & Spaces
      12261 Eastlake Blvd, El Paso, TX 79928
      View Details

    Similar Nearby for Sale

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      2,283 SF

      New Restaurant on Pellicano Drive

      New construction restaurant with long-term lease and rent escalations.
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      Commercial Property Near Horizon Blvd

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      Adaptable 12,588 sqft commercial building suitable for diverse uses.
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      Well-maintained shopping center with 15 suites in growing Horizon area.
      14476 Horizon Blvd, Horizon City, TX 79928
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      New Flex Office/Warehouse Facility

      20,000 sq ft flex space in Horizon City, TX.
      1524 Pawling Dr, Horizon City, TX 79928
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    • $660,000
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      High-Traffic Corner Lot in Horizon

      One-acre corner lot suitable for retail in Horizon City, TX.
      501 Darrington Rd, Horizon City, TX 79928
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    Similar Nearby for Lease

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      Restaurant Ready Space For Rent

      Restaurant-ready space in a busy, well-established center.
      14010 Horizon Blvd, Horizon City, TX 79928
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      1,200 SF

      Horizon City Retail Space Available

      Retail space available for lease in Horizon City, Texas.
      13649 Eastlake Blvd, Horizon City, TX 79928
      View Details
    • Contact for pricing

      Modern Retail Space in El Paso

      Retail space in a rapidly developing, vibrant El Paso location.
      12304 Eastlake Blvd, El Paso, TX 79928
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      New Retail Development in Horizon

      New retail development with Albertsons and McDonald's.
      13661 Eastlake Blvd, Horizon City, TX 79928
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    • $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
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    • Contact for pricing

      Horizon City Retail Space Available

      Retail space on Horizon Blvd near major retailers.
      14150 Horizon Blvd, Horizon City, TX 79928
      View Details
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    Horizon City, TX 79928
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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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    13661 Eastlake Blvd, Horizon City, TX, 79928
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