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Property profile & analytics
FOR LEASE
Strip malls

287 S Darrington Rd Horizon City, TX 79928

9,600 SF 2.5 ac lot Built 2015
Entity Owned 11-yr Hold ~ Est. High Equity
Property ID
US82-5438554
Property summary
AI-generated overview

This exceptional 0.62-acre commercial land parcel, located at 287 Darrington Rd, Horizon City, TX 79928, presents a fantastic opportunity for development. Priced at $245,000, this property offers significant potential for a variety of commercial uses. The land is ideally suited for a contractor's shop, warehouse, or automotive repair facility, given its convenient access and location. Utilities are readily available at the street, ensuring ease of connection for any new construction. Access to the property is convenient, with entry points from both Darrington Road and Weaver Road. The land's zoning allows for flexible use, making it suitable for office/warehouse combinations ("flex space") or other commercial ventures. This is a ready-to-develop site in a prime location. The asking price translates to $9 per square foot, reflecting the attractive value proposition of this property. Owner financing is available, making this an even more accessible investment opportunity. The property is owned by Darrington Park LLC and is being offered for sale by owner. Don't miss this chance to acquire a valuable piece of commercial real estate in the thriving Horizon City market. El Paso County location provides easy access to major transportation routes.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2015
Construction WOOD
Total area 9,600 SF
Lot 2.5 ac (108,900 SF)
Zoning code M1
APN H789-000-0010-0060
UPID US82-5438554
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
$500k
CAP Approach CAP
by Request
Comparable Approach Comparable
$753k
Blend (final) Blend
$625k
Owner & transaction history
Darrington Park LLC · 11 yrs held
Darrington Park LLC
since 2014
2 recorded transactions
2014
Price N/A
2009
Price N/A
Zoning & alternative use
M1 · Horizon City, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $1.0M +65.4%
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More about this property
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