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    3700 Durazno Ave El Paso, TX 79905
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    Property profile & analytics

    3700 Durazno Ave, El Paso, TX 79905

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    • Manufacturing properties
    • 56,700 SF
    • 2.71 lot acres
    For Lease
    $2,900/Mo
    View Listing →
    El Paso Warehouse Space Available For Lease
    $2,900/Mo

    El Paso Warehouse Space Available

    Flexible warehouse space for lease in central El Paso.

    3700 Durazno Avenue, El Paso, TX 79905
    View Listing
    Property ID
    US82-4248843
    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
    $1,025,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Fiesta De Las Flores Hispanic / Historical Society
    • Eqqus Express LLC / Moving Company / Storage Facility
    • 3ft Furniture / Furniture & Home Goods / Home Decor Store
    • A's Dicount / Warehouse & Storage
    • Newcomb Spring Corporation / Auto Parts Store

    Property Details for 3700 Durazno Ave

    Year built
    1963
    Lot size
    2.71 lot acres
    Zone code
    M-1
    Property type
    Manufacturing properties
    APN
    X006-999-0000-5600
    APU
    X00699900005600

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 23, 2024 — Durazno Real Estate Investments LLC — Deed · related —
    Dec 30, 2015 — Durazno Real Estate Investment Fiesta De Las Flores Hispanic Warranty Deed · related —
    Aug 25, 2010 — Fiesta De Las Flores Hispanic — Trustees Deed · related $75k · Firstlight FCU
    Jan 20, 2010 — Fiesta De Las Flores Hispanic — Trustees Deed · related $420k · Firstlight FCU
    — — Fiesta De Las Flores Hispanic — Deed Of Trust · related $200k · Capital Savings Bank Ssb
    — — Fiesta De Las Flores Hispanic — Deed Of Trust · related $100k · Capital Bank NA
    — — Fiesta De Las Flores Hispanic — Deed Of Trust · related $350k · Capital Bank NA

    Description

    This exceptional industrial property, located at 3700 Durazno Avenue in El Paso County, offers a versatile warehouse space ideal for a variety of businesses. The building encompasses 3,200 square feet on a half-acre lot, zoned M1. The property is currently available for lease as a single-tenant space. Flexible lease terms are available, including a one-year lease option. Potential tenants can choose between two options: a 1,600 square foot space for $1,500 per month or the entire 3,200 square foot building for $2,900 per month. The warehouse boasts high ceilings, providing ample vertical storage space, and convenient dock doors for efficient loading and unloading. Its central location within El Paso County offers easy access to major transportation routes and a strong workforce. This property presents a fantastic opportunity for businesses seeking a functional and strategically located warehouse space. The property's size and features make it suitable for a range of industrial operations. The M1 zoning allows for a variety of permitted uses, providing flexibility for potential tenants. Contact us today to schedule a viewing and explore the possibilities this warehouse offers. Don't miss this chance to secure a prime industrial space in a thriving El Paso County location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $990,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,062,000
      Market price range: $722k - $2.61M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,665,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    El Paso
    County
    El Paso
    State
    Texas
    Longitude
    -106.449
    Latitude
    31.7759
    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
    $52,743
    $263,633
    $1,643,042
    $1,906,675
    -
    $263,633
    $1,643,042
    $1,906,675

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      El Paso Warehouse For Lease

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    El Paso, TX 79905
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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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