10600 Loop Dr Socorro, TX 79927-4626
Property Lookup
Property profile & analytics
10600 Loop Dr Socorro, TX 79927-4626
- Strip malls
- 17,400 SF
- 1.90 lot acres
Property ID
US83-4251490
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Strip malls
Property Details for 10600 Loop Dr
- Year built
- 2000
- Construction
- CONCRETE BLOCKS
- Lot size
- 1.90 lot acres
- Property size
- 17,400 SF
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- H787-000-0010-0325
- APU
- H78700000100325
Description
Fiesta Mercado is a thriving 195,712-square-foot shopping center in Socorro, Texas, a rapidly growing El Paso suburb. Boasting 97% occupancy, this multi-tenant property features 37 units across five one-story buildings constructed between 1993 and 2003, with renovations completed in 2017/2018. The center is anchored by Food King and includes a diverse mix of national tenants such as Dollar Tree, Family Dollar, Pizza Hut, NAPA Auto Parts, and several others, totaling 35 tenants. Situated on 21.23 acres of land zoned C-2, Fiesta Mercado offers significant upside potential. Its prime location near major highways and residential areas ensures high visibility and accessibility. The property benefits from its proximity to substantial recent and planned commercial, residential, and industrial development within a three-mile radius, exceeding 5,000,000 square feet of new inventory in the last four years. The existing center provides a strong foundation for future growth, with approximately 182,764 square feet of developable land offering opportunities for expansion or pad site development. Current below-market rents present a significant opportunity for increased revenue through rent escalation. This grocery-anchored regional center serves a large customer base in Socorro and the greater El Paso area, making it an attractive investment opportunity in a dynamic and expanding market.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,355,000
- 6.5%
- $1,250,000
- 7%
- $1,160,000
-
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $1,640,000 Current use
- OFFICE BUILDING
- $1,845,000 Change: +12% Conversion: Moderate
- MEDICAL BUILDING
- $1,825,000 Change: +11% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Socorro
- County
- El Paso
- State
- Texas
- Longitude
- -106.271
- Latitude
- 31.654
- CBSA code
- 21340
- CBSA name
- EL PASO, TX METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2019
$38,281
$289,682
$1,225,081
$1,514,763
-
$289,682
$1,225,081
$1,514,763
