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

    28 Walter Jones Blvd El Paso, TX 79906

    • Commercial real estate
    • 78,621 SF
    For Lease
    View listing
    Value Estimations
    $1,265,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3707421
    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

    • Specialized Support Services / Assisted Living Facility
    • Nippon Express USA / Freight Forwarding Service
    • Supply Technologies / Fastener Supplier
    • Tesla Service Center / Car Repair And Maintenance
    • Elliott Group International / Manufacturer

    Property Details for 28 Walter Jones Blvd

    Year built
    1997
    Property size
    78,621 SF
    Zone code
    M1
    Property type
    Commercial real estate
    APN
    B853-999-0130-0721
    APU
    B85399901300721

    Description

    This ±10,400 square foot single-tenant distribution facility is located at 28 Walter Jones Blvd, El Paso, TX 79906, within the Butterfield Industrial Park in El Paso County. The property features approximately 1,200 square feet of office space and boasts a 24' clear height with 40' x 40' column spacing. Two grade-level doors provide convenient access. The warehouse and office areas are 100% air-conditioned, and the building includes an ESFR sprinkler system. The property is CTPAT compliant and includes a truck court. Heating is provided by gas. This location offers significant advantages, situated in Foreign Trade Zone #68 and approximately 4 miles north of I-10, with close proximity to El Paso International Airport and Fort Bliss. This well-equipped distribution center presents a compelling opportunity for businesses seeking efficient and strategically located industrial space in El Paso.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $970,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,557,000
      Market price range: $862k - $1.56M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,075,000
      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
    -106.392
    Latitude
    31.8181
    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
    $108,685
    $0.00
    $3,929,000
    $3,929,000
    -
    $0.00
    $3,929,000
    $3,929,000

    Comparable in this City

    • Value Estimation
      $4,885,000
      674,252 SF

      1 Butterfield Trl Blvd

      COMMERCIAL (GENERAL) • 674,252 SF
      1 Butterfield Trl Blvd, El Paso, TX 79906-4901
      View Details
    • Value Estimation
      $1,625,000
      154,773 SF

      27 Spur Dr

      SHOW ROOM, WAREHOUSE • 154,773 SF
      27 Spur Dr, El Paso, TX 79906-5310
      View Details
    • Value Estimation
      $1,330,000
      103,158 SF

      21 Leigh Fisher Blvd

      SHOW ROOM, WAREHOUSE • 103,158 SF
      21 Leigh Fisher Blvd, El Paso, TX 79906-5241
      View Details
    • Value Estimation
      $1,035,000
      75,180 SF

      45 Butterfield Cir

      SHOW ROOM, WAREHOUSE • 75,180 SF
      45 Butterfield Cir, El Paso, TX 79906-5220
      View Details
    • Value Estimation by Request
      5.61 Acres

      9 Butterfield Trl Blvd

      COMMERCIAL (GENERAL) • 5.61 Acres
      9 Butterfield Trl Blvd, El Paso, TX 79906-4935
      View Details
    • Value Estimation by Request
      10,920 SF

      26 Butterfield Trl Blvd

      SHOW ROOM, WAREHOUSE • 10,920 SF
      26 Butterfield Trl Blvd, El Paso, TX 79906-5247
      View Details

    Similar Nearby for Lease

    • 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
      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
      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
      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
    Request Owner's contact information
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    28 Walter Jones Blvd
    El Paso, TX 79906
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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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