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

    491 Darrington Rd Horizon City, TX 79928-7449

    • Manufacturing properties
    • 56,800 SF
    • 3.00 lot acres
    OFF-MARKET
    Value Estimations
    $1,095,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0371257
    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

    • Manufacturing properties

    Property Details for 491 Darrington Rd

    Year built
    1990
    Lot size
    3.00 lot acres
    Property size
    56,800 SF
    Zone code
    M1
    Property type
    Manufacturing properties
    APN
    H789-000-0020-0130
    APU
    H78900000200130

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,025,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,163,000
      Market price range: $724k - $2.62M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,670,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Horizon City
    County
    El Paso
    State
    Texas
    Longitude
    -106.191
    Latitude
    31.6695
    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
    $66,014
    $214,315
    $1,873,247
    $2,087,562
    -
    $214,315
    $1,873,247
    $2,087,562

    Comparable in this City

    • Value Estimation
      $4,240,000
      110,800 SF

      12380 Pne Spgs Dr

      MANUFACTURING (LIGHT) • 110,800 SF
      12380 Pne Spgs Dr, El Paso, TX 79928-5204
      View Details
    • Value Estimation by Request
      20,000 SF

      1524 Pawling Dr

      Life science properties • 20,000 SF
      1524 Pawling Dr, Horizon City, TX 79928
      View Details
    • Value Estimation by Request
      7,040 SF

      180 Darrington Rd

      FOOD PACKING, PACKING PLANT • 7,040 SF
      180 Darrington Rd, Horizon City, TX 79928-7446
      View Details
    • Value Estimation by Request
      6.15 Acres

      Tbd Horizon Blvd

      Land • 6.15 Acres
      0 Tbd Horizon Blvd, Clint, TX 79928
      View Details
    • Value Estimation by Request
      4,800 SF

      13949 Windermere Ave

      Distribution properties • 4,800 SF
      13949 Windermere Ave, El Paso, TX 79928
      View Details
    • Value Estimation by Request
      5,904 SF

      13251 Pellicano Dr

      INDUSTRIAL (GENERAL) • 5,904 SF
      13251 Pellicano Dr, Socorro, TX 79928
      View Details

    Similar Nearby for Sale

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      4,600 SF

      Horizon City Flex Space For Sale

      Class A Flex Space, Lease-to-Own Available
      1538 Pawling Dr, Horizon City, TX 79928
      View Details
    • Contact for pricing
      9.33 Acres

      El Paso Commercial Land - 9.33 Acres

      Prime El Paso location, I-10 frontage, high visibility.
      0 Gateway Blvd, El Paso, TX 79928
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    • $475,000
      5.00 Acres

      Horizon City 5-Acre Land Parcel

      5-acre lot in Horizon City, TX, ready for development.
      Pn-46974, Horizon City, TX 79928
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    • $3,500,000
      14,100 SF

      Industrial Warehouse and Flex Space

      14,000 sq ft facility with truck bays and offices.
      1001 Berryville St, El Paso, TX 79928
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    • $2,500,000
      4,800 SF

      El Paso Industrial Warehouse

      5-acre fenced warehouse, ideal for trucking.
      13949 Windermere Ave, El Paso, TX 79928
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    • $2,100,000
      9.10 Acres

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      9 Acres, I-10 Frontage, Socorro, TX
      15381 Gateway Blvd, Socorro, TX 79928
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      20,000 SF

      Horizon City Flex Space

      Modern flex space, ideal for various businesses.
      1524 Pawling Dr, Horizon City, TX 79928
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    • $16 SF/Yr
      21,780 SF

      East El Paso Commercial Building

      Versatile 4,000 sq. ft. building in a growing area.
      12370 Pine Springs Dr, El Paso, TX 79928
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    • New
      $1,250 /Mo
      43,560 SF

      El Paso Commercial Space Available

      Commercial space for storage or business with parking in El Paso.
      13939 Windermere Ave, El Paso, TX 79928
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    • Contact for pricing
      33,000 SF

      Prime El Paso Warehouse Space

      Class A Flex Space, 3,880 SF Available
      12305 Mercantile Ave, El Paso, TX 79928
      View Details
    • Contact for pricing
      1,600 SF

      El Paso Yard with Shop

      Yard with shop available for lease in El Paso.
      1240 Doy Dr, El Paso, TX 79928
      View Details
    • $9 SF/Yr
      87,120 SF

      Horizon City Industrial Space Available

      4,000 sq ft industrial space with easy access.
      1538 Pawling Dr, Horizon City, TX 79928
      View Details
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    491 Darrington Rd
    Horizon City, TX 79928-7449
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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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