Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1538 Pawling Dr Horizon City, TX 79928
    Property profile & analytics

    1538 Pawling Dr, Horizon City, TX 79928

    View on Map
    • Showrooms
    • 19,004 SF
    • 6.17 lot acres
    For Sale
    $1,499,000
    View Listing →
    Horizon Texas Development Opportunity For Sale
    $1,499,000

    Horizon Texas Development Opportunity

    Premier development opportunity in rapidly growing Horizon, Texas.

    1538 Pawling Dr, Horizon City, TX 79928
    View Listing
    Property ID
    US82-4827424
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Showrooms

    Property Details for 1538 Pawling Dr

    Year built
    1975
    Lot size
    6.17 lot acres
    Zone code
    C1
    Property type
    Showrooms
    APN
    H791-001-0020-0030
    APU
    H79100100200030

    Description

    This 3.5-acre commercial land parcel in Horizon City, Texas, presents a unique mixed-use development opportunity. Located at 1538 Pawling Dr, 79928, this fee-simple property is zoned for commercial use and offers significant potential for a variety of projects. The land is priced at $2,100,000, or $13 per square foot, reflecting its prime location near major thoroughfares providing easy access to El Paso and other key areas. The site benefits from its position within a rapidly growing area experiencing significant residential and commercial expansion, creating a strong demand for mixed-use and office spaces. The area boasts excellent demographics, including a high concentration of young families and professionals, ensuring a robust customer base for any development. Proximity to major retailers like Walmart, Lowe's, and Starbucks, along with numerous dining and service options, enhances visibility and convenience. The master-planned community offers ample parking and is designed to support a balanced mix of residential, retail, and office spaces. The property's location near major highways, including I-10, ensures convenient access for businesses and clients. Furthermore, the presence of green spaces and walking paths adds to the attractiveness of the location. This investment offers the flexibility to create a modern flex, mixed-use, or office project tailored to the evolving market demands, promising long-term growth and return on investment in a flourishing community. The property's strategic location and the area's rapid growth make this an exceptional opportunity for developers seeking a high-impact project in a thriving Texas market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $500,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $969,000
      Market price range: $969k - $4.71M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Horizon City
    County
    El Paso
    State
    Texas
    Longitude
    -106.196
    Latitude
    31.6811
    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
    $15,246
    $134,383
    $347,757
    $482,140
    -
    $134,383
    $347,757
    $482,140

    Comparable in this City

    • Value Estimation
      $2,400,000
      27,000 SF

      1381 Darrington Rd

      SHOW ROOM, WAREHOUSE
      1381 Darrington Rd, El Paso, TX 79928-7314
      View Details
    • Value Estimation
      $1,800,000
      49,578 SF

      381 Darrington Rd

      SHOW ROOM, WAREHOUSE
      381 Darrington Rd, Horizon City, TX 79928-7452
      View Details
    • Value Estimation
      $4,800,000
      171,328 SF

      12415 Rojas Dr

      SHOW ROOM, WAREHOUSE
      12415 Rojas Dr, El Paso, TX 79928-5285
      View Details
    • Value Estimation
      $1,525,000
      42,016 SF

      14701 Gtwy W Blvd

      SHOW ROOM, WAREHOUSE
      14701 Gtwy W Blvd, Socorro, TX 79928-8302
      View Details
    • Value Estimation by Request
      2,400 SF

      13969 Windemere Ave

      SHOW ROOM, WAREHOUSE
      13969 Windemere Ave, El Paso, TX 79928
      View Details
    • Value Estimation
      $1,380,000
      14,080 SF

      1001 Berryville St

      SHOW ROOM, WAREHOUSE
      1001 Berryville St, Socorro, TX 79928-5651
      View Details

    Similar Nearby for Sale

    • $1,200,000
      0.95 Acres

      Versatile Commercial Facility in El Paso

      Adaptable 12,588 sqft commercial building suitable for diverse uses.
      13633 Bachimba Dr, El Paso, TX 79928
      View Details
    • $495,000
      4,692 SF

      Commercial Property Near Horizon Blvd

      4,692 SF property near Horizon Blvd, suitable for various uses.
      170 Ascencion St, Clint, TX 79928
      View Details
    • $660,000
      1.00 Acre

      High-Traffic Corner Lot in Horizon

      One-acre corner lot suitable for retail in Horizon City, TX.
      501 Darrington Rd, Horizon City, TX 79928
      View Details
    • Contact for pricing

      Horizon City Shopping Center Suites

      Well-maintained shopping center with 15 suites in growing Horizon area.
      14476 Horizon Blvd, Horizon City, TX 79928
      View Details
    • Contact for pricing
      2,283 SF

      New Restaurant on Pellicano Drive

      New construction restaurant with long-term lease and rent escalations.
      12367 Pellicano Dr, El Paso, TX 79928
      View Details
    • Contact for pricing
      20,000 SF

      New Flex Office/Warehouse Facility

      20,000 sq ft flex space in Horizon City, TX.
      1524 Pawling Dr, Horizon City, TX 79928
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      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
    • $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
      View Details
    • Contact for pricing
      1,445 SF

      Modern Retail Space in El Paso

      Retail space in a rapidly developing, vibrant El Paso location.
      12304 Eastlake Blvd, El Paso, TX 79928
      View Details
    • $21 SF/Yr
      108,900 SF

      Horizon City Retail/Office Space

      Retail or office space available in Horizon City, Texas.
      287 S Darrington Rd, Horizon City, TX 79928
      View Details
    • Contact for pricing
      4,000 SF

      Horizon City Retail Space

      Retail space available for lease in Horizon City, Texas.
      14150 Horizon Blvd, Horizon City, TX 79928
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Horizon City

      Retail space available for lease in Horizon City, Texas.
      13001 Emerald Pass Ave, Horizon City, TX 79928
      View Details
    View Listing
    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.
    1538 Pawling Dr
    Horizon City, TX 79928
    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
    1538 Pawling Dr, Horizon City, TX, 79928
    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!