Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    15001 Marvin Ln El Paso, TX 79938
    Back to Search
    Property profile & analytics

    15001 Marvin Ln El Paso, TX 79938

    View on Map
    • Land
    • 35.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 15001 Marvin Ln

    Lot size
    35.00 lot acres
    Property type
    Land

    Description

    This expansive 35-acre commercial land parcel, located at 15001 Marvin Lane in El Paso, Texas, presents a unique investment opportunity. Situated within a designated Opportunity Reinvestment Zone, this property offers significant potential for future development. The land is currently unzoned, providing flexibility for a wide range of commercial projects. The property's APN is A12500200000700, and its address is 15001 Marvin Ln, El Paso, TX 79938. The asking price is $850,000. While the owner initially suggested a price of $0.50 per square foot, totaling $762,300, the final asking price has been set at $850,000. This discrepancy may be due to various factors, and interested parties are encouraged to conduct their own due diligence. Given its size and location within an Opportunity Zone, this property represents a compelling proposition for investors seeking substantial land holdings in a rapidly developing area of El Paso County. The property's latitude and longitude coordinates are 31.8127803 and -106.1529179 respectively. This unzoned status allows for creative development plans, subject to all necessary approvals and permits. Serious inquiries are welcome.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    El Paso
    County
    El Paso
    State
    Texas
    Longitude
    -106.153
    Latitude
    31.8128

    Comparable in this City

    • Value Estimation by Request
      6.59 Acres

      12726 Montana Ave

      Land • 6.59 Acres
      12726 Montana Ave, El Paso, TX 79938
      View Details
    • Value Estimation by Request
      640.00 Acres

      El Paso Jal Pipeline Rd

      Farms • 640.00 Acres
      0 El Paso Jal Pipeline Rd, El Paso, TX 79938
      View Details
    • Value Estimation by Request

      375 Neq Montana & Loop

      Land
      375 Neq Montana & Loop, El Paso, TX 79938
      View Details
    • Value Estimation by Request
      1.12 Acres

      Montana & Krag

      Land • 1.12 Acres
      0 Montana & Krag, El Paso, TX 79938
      View Details
    • Value Estimation by Request
      4,000 SF

      16311 Montana Ave

      Distribution properties • 4,000 SF
      16311 Montana Ave, El Paso, TX 79938
      View Details
    • Value Estimation by Request

      Del Sol Nwc Loop 375 & Vis

      Land
      Del Sol Nwc Loop 375 & Vis, El Paso, TX 79938
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land Near Fort Bliss Available

      Land available near Fort Bliss in El Paso's east area.
      Montana & Krag, El Paso, TX 79938
      View Details
    • Contact for pricing
      Pending

      88 Acres with Montana Frontage

      88 acres with multiple entry points off Montana Avenue.
      16220 Montana Ave, El Paso, TX 79938
      View Details
    • $65,000
      5.00 Acres

      El Paso Land For Sale

      5 acres of land in El Paso, Texas.
      Pn-403603, El Paso, TX 79938
      View Details
    • Contact for pricing
      0.23 Acres

      El Paso Land For Sale

      Land available in El Paso, Texas, with owner financing.
      14 Vernamont Dr, El Paso, TX 79938
      View Details
    • $50,000
      5.00 Acres

      5 Acre Raw Land Parcel

      Undeveloped 5-acre land parcel in El Paso, Texas.
      PN-16321 16321, El Paso, TX 79938
      View Details
    • $90,000
      5.00 Acres

      5 Acres of Land, El Paso

      5 acre land parcel in El Paso, Texas.
      Tbd 135491, El Paso, TX 79938
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land Available For Lease

      Land available for lease on Pebble Hills Blvd, El Paso.
      14510 Pebble Hills Blvd, El Paso, TX 79938
      View Details
    • Contact for pricing

      El Paso Land For Lease

      Land available for lease in El Paso, Texas.
      3819 Joe Battle Blvd, El Paso, TX 79938
      View Details
    • $2.00 SF/Yr
      31,799 SF

      El Paso Land For Lease

      0.73 acre commercial land for lease in El Paso.
      3570 Rich Beem C Blvd, El Paso, TX 79938
      View Details
    • Contact for pricing

      Land for Lease or Sale

      Pad sites available in growing commercial and residential area.
      Swc Zaragoza & Pebble Hl, El Paso, TX 79938
      View Details
    • Contact for pricing

      El Paso Land Opportunity

      Available land totaling approximately 4.28 acres in El Paso.
      13160 Tobacco Rd, El Paso, TX 79938
      View Details
    • $59,900
      25,265 SF

      Land in El Paso, TX

      Half-acre lot suitable for building small cottages or homes.
      Brahma Pl, El Paso, TX 79938
      View Details
    Request Owner's contact information
    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.
    15001 Marvin Ln
    El Paso, TX 79938
    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
    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

    Thank You for Inquiry
    15001 Marvin Ln, El Paso, TX, 79938
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!