10651 Loop Dr Socorro, TX 79927-4763
Property Lookup
Property profile & analytics
10651 Loop Dr Socorro, TX 79927-4763
- Strip malls
- 16,487 SF
- 1.68 lot acres
Property ID
US83-3700961
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 10651 Loop Dr
- Year built
- 2003
- Lot size
- 1.68 lot acres
- Property size
- 16,487 SF
- Zone code
- C2
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- S533-000-0030-1430
- APU
- S53300000301430
Description
This exceptional 16,487 square foot shopping center in Socorro, Texas, presents a compelling investment opportunity. Located at 10651 N Loop Dr, 79927, this multi-tenant property boasts 100% occupancy across its five units, generating a strong 6.00% cap rate at the current rent. The property sits on a sizable 1.68-acre lot and is offered at an asking price of $2,750,000. The sale is structured as a 1031 exchange, providing significant tax advantages for qualified buyers. Long-term, stable tenants contribute to the consistent cash flow, making this a low-risk, high-reward investment. The property is exceptionally well-maintained and benefits from a very high traffic count, ensuring continued strong performance. Detailed financial information, including a rent roll, is available upon request. This is a rare opportunity to acquire a fully occupied, high-performing retail center in a desirable Texas location. Don't miss out on this exceptional investment prospect.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,285,000
- 6.5%
- $1,185,000
- 7%
- $1,100,000
-
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $1,555,000 Current use
- OFFICE BUILDING
- $1,745,000 Change: +12% Conversion: Moderate
- MEDICAL BUILDING
- $1,730,000 Change: +11% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Socorro
- County
- El Paso
- State
- Texas
- Longitude
- -106.27
- Latitude
- 31.6555
- 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
2023
$42,280
$309,485
$1,100,438
$1,409,923
-
$309,485
$1,100,438
$1,409,923
