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    200 Franklin St Anthony, TX 79821

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    200 Franklin St Anthony, TX 79821

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    • Strip malls
    • 5,014 SF
    • 0.50 lot acres
    For Lease
    View Listing →
    Retail Space for Lease For Lease
    Contact for pricing

    Retail Space for Lease

    Retail space available for lease in Anthony, Texas.

    200 Franklin St, Anthony, TX 79821
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    Property ID
    US82-3050111
    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

    • Strip malls

    Property Details for 200 Franklin St

    Year built
    2010
    Lot size
    0.50 lot acres
    Property size
    5,014 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    L080-000-0016-0004
    APU
    L08000000160004

    Description

    This exceptional retail property, located at 200 Franklin Street in El Paso County, offers a fantastic opportunity for businesses seeking a prominent location. The building boasts a total of 3,625 square feet, with 2,000 square feet currently available for lease. This presents a unique chance to establish or expand your retail presence in a thriving commercial area. The property is classified as multi-tenant, indicating a vibrant and diverse business environment. The spacious layout of the available 2,000 square feet provides ample room for various retail configurations, allowing for customization to suit specific business needs. The building's overall size and the significant vacant space suggest potential for expansion or even subleasing opportunities. Its location in El Paso County offers access to a substantial customer base and benefits from the area's established infrastructure and commercial activity. This property is ideal for businesses seeking high visibility and a strategic position within a bustling commercial district. The "For Lease" status signifies immediate availability, making it an attractive option for businesses looking to secure a prime retail space without delay. Serious inquiries are encouraged to explore this exceptional opportunity further. Contact us to schedule a viewing and discuss lease terms.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Anthony
    County
    El Paso
    State
    Texas
    Longitude
    -106.604
    Latitude
    31.9989
    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
    $8,415
    $54,497
    $274,503
    $329,000
    -
    $54,497
    $274,503
    $329,000

    Comparable in this City

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      8,128 SF

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    • Value Estimation by Request
      1,476 SF

      308 Franklin St

      SHOPPING CENTER, STRIP CENTER • 1,476 SF
      308 Franklin St, Anthony, TX 79821-7362
      View Details
    • Value Estimation
      $680,000
      18,500 SF

      517 Main St

      SHOPPING CENTER, STRIP CENTER • 18,500 SF
      517 Main St, Anthony, TX 79821-9362
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    • Value Estimation by Request
      2,224 SF

      833 Doniphan Dr

      SHOPPING CENTER, STRIP CENTER • 2,224 SF
      833 Doniphan Dr, Anthony, TX 79821
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    • Value Estimation by Request
      5,021 SF

      816 Franklin St

      SHOPPING CENTER, STRIP CENTER • 5,021 SF
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    • Value Estimation by Request
      1,350 SF

      124 Jefferson St

      SHOPPING CENTER, STRIP CENTER • 1,350 SF
      124 Jefferson St, Anthony, TX 79821-7304
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      Retail property available for sale in Anthony, Texas.
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      Retail Space for Lease

      Retail space available for lease in Anthony, Texas.
      200 Franklin St, Anthony, TX 79821
      View Details
    • Contact for pricing

      Retail Space I-10 Frontage

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    Anthony, TX 79821
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    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.

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    200 Franklin St, Anthony, TX, 79821

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