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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    24 Concord St El Paso, TX 79906-4937

    • Showrooms
    • 56,976 SF
    OFF-MARKET
    Value Estimations
    $870,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2498386
    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.

    Current Use by Public Records

    • Showrooms

    Property Details for 24 Concord St

    Year built
    1985
    Property size
    56,976 SF
    Zone code
    M1
    Property type
    Showrooms
    APN
    B853-999-0020-1310
    APU
    B85399900201310

    Description

    This ±25,600 square foot distribution center, Suite C at 24 Concord, offers a prime location in the Butterfield Industrial Park. The single-tenant space boasts 5 loading docks, a ±20' clear height, and a spacious layout with ±40' x 40' column spacing. The building features a CTPAT-compliant truck court and a Class IV automatic wet pipe fire suppression system, ensuring security and safety. The ±1,802 square foot office area is equipped with evaporative warehouse cooling and HVAC for optimal comfort. Heating is provided by gas. This property benefits from easy access to major transportation arteries, including I-10 and US Highway 54 (Patriot Freeway), and enjoys close proximity to El Paso International Airport and Fort Bliss. Further advantages include its location within Foreign Trade Zone #68 and flexible lease terms. The space is available for occupancy in November 2024. The total building area is 57,600 square feet. This exceptional distribution center presents a unique opportunity for businesses seeking efficient and strategically located warehouse space in El Paso.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $985,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $752,000
      Market price range: $625k - $1.13M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $780,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    El Paso
    County
    El Paso
    State
    Texas
    Longitude
    -106.402
    Latitude
    31.8151
    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
    $35,933
    $0.00
    $1,299,000
    $1,299,000
    -
    $0.00
    $1,299,000
    $1,299,000

    Comparable in this City

    • Value Estimation
      $1,280,000
      93,560 SF

      50 Walter Jones Blvd

      SHOW ROOM, WAREHOUSE • 93,560 SF
      50 Walter Jones Blvd, El Paso, TX 79906-5320
      View Details
    • Value Estimation
      $630,000
      33,275 SF

      40 Butterfield Cir

      SHOW ROOM, WAREHOUSE • 33,275 SF
      40 Butterfield Cir, El Paso, TX 79906-5200
      View Details
    • Value Estimation
      $605,000
      25,243 SF

      25 Butterfield Trl Blvd

      SHOW ROOM, WAREHOUSE • 25,243 SF
      25 Butterfield Trl Blvd, El Paso, TX 79906-5249
      View Details
    • Value Estimation
      $910,000
      67,244 SF

      5 Founders Blvd

      SHOW ROOM, WAREHOUSE • 67,244 SF
      5 Founders Blvd, El Paso, TX 79906-4907
      View Details
    • Value Estimation
      $905,000
      55,958 SF

      15 Founders Blvd

      SHOW ROOM, WAREHOUSE • 55,958 SF
      15 Founders Blvd, El Paso, TX 79906-4905
      View Details
    • Value Estimation
      $905,000
      60,376 SF

      27 Leigh Fisher Blvd

      SHOW ROOM, WAREHOUSE • 60,376 SF
      27 Leigh Fisher Blvd, El Paso, TX 79906-5241
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      57,069 SF

      Freedom Crossing Retail Center

      Fort Bliss Retail Space Available Now
      1611 Haan Rd, Fort Bliss, TX 79906
      View Details
    • Contact for pricing
      10,400 SF

      El Paso Distribution Center

      10,400 SF Industrial Space in Butterfield
      28 Walter Jones Blvd, El Paso, TX 79906
      View Details
    • Contact for pricing
      1,277 SF

      Office Space in Butterfield Trail

      Office space for lease in Butterfield Trail Industrial Park.
      5 Butterfield Trail Blvd, El Paso, TX 79906
      View Details
    • $8 SF/Yr
      94,516 SF

      New Industrial Facility in El Paso

      Under-construction Class A industrial facility in Butterfield Trail Industrial Park.
      50 Walter Jones Blvd, El Paso, TX 79906
      View Details
    • Contact for pricing
      33,339 SF

      Warehouse Space Near Airport

      33,339 SF warehouse with office space available for lease.
      40 Butterfield Trail Blvd, El Paso, TX 79906
      View Details
    • Contact for pricing
      37,143 SF

      El Paso Warehouse Space Available

      37,143 SF warehouse space near El Paso airport.
      42 Butterfield Cir, El Paso, TX 79906
      View Details
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    24 Concord St
    El Paso, TX 79906-4937
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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.

    More about this property
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