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Property profile & analytics
OFF-MARKET
Estimated value
$2,755,000
Outlet malls
1721 Addison St 21 Socorro, TX 79928-5617
Entity Owned
8-yr Hold
Free & Clear
Property ID
US82-4690097
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2001
Total area
78,731 SF
Lot
18.9 ac (823,110 SF)
Zoning code
NZ
APN
G195-000-0210-0000
UPID
US82-4690097
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.76M
Owner & transaction history
Addison Street LLC · 8 yrs held
Addison Street LLC
since 2018
7 recorded transactions
Zoning & alternative use
NZ · Socorro, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Socorro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Socorro submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$35 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$74,208
Tax year 2023
Assessed value
$2,748,479
Assessed 2023
Previous assessed
$2,748,479
+0.0% YoY
Effective rate
2.70%
On assessed value
Assessed land
$814,870
Assessed improvement
$1,933,609
Land market value
$814,870
Improvement market value
$1,933,609
Total market value
$2,748,479
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2001
Heating
SPACE
Cooling
EVAPORATIVE
Stories
1
Total area
78,731 SF
Lot
18.9 ac (823,110 SF)
Zoning code
NZ
APN
G195-000-0210-0000
UPID
US82-4690097
Jurisdiction
EL PASO
Zoning & alternative use
NZ · Socorro, TX
Zoning NZ · permitted uses
NZ · Socorro, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Socorro. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2001
Heating
SPACE
Cooling
Yes
Stories
1
Lot
18.9 ac
Current owner
From public records · entity-resolved
Addison Street LLC
Entity
Free & Clear · 8 yrs held
Mailing address
9515 PLZ CIR, EL PASO, TX 79927-2005
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2018
—
Addison Street LLC
1721 Addison LLC
Quit Claim Deed
—
Jan 26, 2018
—
1721 Addison LLC
—
Deed
related
$1,500,000 · Keybank USA
Apr 19, 2016
—
1721 Addison LLC
Protrans Holdings INC
Warranty Deed
—
Mar 14, 2012
—
Protrans International INC
—
Deed Of Trust
related
$25,803,627 · Pnc Bank
Mar 10, 2011
—
Protrans International INC
—
Deed Of Trust
related
$26,819,000 · Pnc Bank
Oct 8, 2008
—
Pro Trans International INC
—
Deed Of Trust
related
$24,100,000 · Pnc Bank
—
—
Protrans International INC
—
Deed Of Trust
related
$1,900,000 · Key Bank NA
—
—
Protrans International INC
—
Deed Of Trust
related
$2,800,000 · Key Bank NA
—
—
1721 Addison LLC
—
Deed Of Trust
related
$1,500,000 · Keybank USA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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