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    287 Darrington Rd, Unit 105 Horizon City, TX 79928

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    287 Darrington Rd, Unit 105 Horizon City, TX 79928

    View on Map
    • Strip malls
    • 9,600 SF
    • 2.50 lot acres
    For Sale
    $260,000
    View Listing →
    Updated Retail/Office Space Available For Sale
    $260,000
    1,200 SF

    Updated Retail/Office Space Available

    Recently updated 1200 SF unit in growing Horizon City.

    287 S Darrington Rd, El Paso, TX
    View Listing
    Property ID
    US82-5438554
    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 287 Darrington Rd

    Year built
    2015
    Construction
    WOOD
    Lot size
    2.50 lot acres
    Property size
    9,600 SF
    Zone code
    M1
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    H789-000-0010-0060
    APU
    H78900000100060

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $500,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $753,000
      Market price range: $408k - $843k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $615,000
      Current use
      OFFICE BUILDING
      $1,015,000
      Change: +65% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Horizon City
    County
    El Paso
    State
    Texas
    Longitude
    -106.197
    Latitude
    31.6765
    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
    $27,100
    $188,397
    $668,603
    $857,000
    -
    $188,397
    $668,603
    $857,000

    Comparable in this City

    • Value Estimation
      $535,000
      6,770 SF

      12101 Eastlake Blvd

      SHOPPING CENTER, STRIP CENTER • 6,770 SF
      12101 Eastlake Blvd, El Paso, TX 79928-7811
      View Details
    • Value Estimation by Request
      5,152 SF

      14260 Horizon Blvd

      SHOPPING CENTER, STRIP CENTER • 5,152 SF
      14260 Horizon Blvd, Horizon City, TX 79928-8597
      View Details
    • Value Estimation
      $985,000
      9,838 SF

      13496 Horizon Blvd

      SHOPPING CENTER, STRIP CENTER • 9,838 SF
      13496 Horizon Blvd, Horizon City, TX 79928-5813
      View Details
    • Value Estimation
      $795,000
      17,760 SF

      494 Kenazo Ave

      SHOPPING CENTER, STRIP CENTER • 17,760 SF
      494 Kenazo Ave, Horizon City, TX 79928-5419
      View Details
    • Value Estimation
      $2,170,000
      23,400 SF

      13001 Eastlake Blvd

      SHOPPING CENTER, STRIP CENTER • 23,400 SF
      13001 Eastlake Blvd, El Paso, TX 79928-6311
      View Details
    • Value Estimation
      $1,715,000
      18,750 SF

      14476 Horizon Blvd

      SHOPPING CENTER, STRIP CENTER • 18,750 SF
      14476 Horizon Blvd, Horizon City, TX 79928-8578
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Horizon City Shopping Center Suites

      Well-maintained shopping center with 15 suites in growing Horizon area.
      14476 Horizon Blvd, Horizon City, TX 79928
      View Details
    • $260,000
      3,600 SF

      Updated Retail/Office Space Available

      Recently updated 1200 SF unit in growing Horizon City.
      287 S Darrington Rd, El Paso, TX 79928
      View Details
    • $495,000
      4,692 SF

      Commercial Property Near Horizon Blvd

      4,692 SF property near Horizon Blvd, suitable for various uses.
      170 Ascencion St, Clint, TX 79928
      View Details
    • Contact for pricing
      8,000 SF

      Horizon City Build-to-Suit Opportunity

      8000 sq ft expandable property on 40,000 sq ft lot.
      1538 Pawling Dr, Horizon City, TX 79928
      View Details
    • $1,200,000
      0.95 Acres

      Versatile Commercial Facility in El Paso

      Adaptable 12,588 sqft commercial building suitable for diverse uses.
      13633 Bachimba Dr, El Paso, TX 79928
      View Details
    • Contact for pricing
      20,000 SF

      New Flex Office/Warehouse Facility

      20,000 sq ft flex space in Horizon City, TX.
      1524 Pawling Dr, Horizon City, TX 79928
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Horizon City Shopping Center Space

      Retail and office spaces available in Horizon City shopping center.
      13791 Horizon Blvd, Horizon City, TX 79928
      View Details
    • $2,700 /Mo

      Horizon City Commercial Space Available

      Commercial space for lease in Horizon City, Texas.
      13791 Horizon Blvd, Horizon City, TX 79928
      View Details
    • Contact for pricing

      Upscale Shopping Center Retail Spaces

      Upscale shopping center with trendy hangouts and innovative retail pads.
      12900 Eastlake Blvd, El Paso, TX 79928
      View Details
    • $20 SF/Yr
      108,900 SF

      Horizon City Retail Space Available

      Retail space for lease near Super Walmart and national franchises.
      14010 Horizon Blvd, Horizon City, TX 79928
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space on Horizon Blvd

      Retail space available for rent, totaling 1,200 square feet.
      14026 Horizon Blvd, El Paso, TX 79928
      View Details
    • $18 SF/Yr
      108,900 SF

      Horizon City Commercial Space Available

      High-visibility commercial space in a rapidly developing area.
      287 Darrington Rd, Horizon City, TX 79928
      View Details
    View Listing
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    Horizon City, TX 79928
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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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    287 Darrington Rd, Horizon City, TX, 79928

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