Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    647 Horizon Blvd Socorro, TX 79927-4402

    • Commercial real estate
    • 3,980 SF
    • 0.80 lot acres
    OFF-MARKET
    Value Estimations
    $545,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2975790
    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

    • Commercial real estate

    Property Details for 647 Horizon Blvd

    Year built
    1992
    Construction
    WOOD
    Lot size
    0.80 lot acres
    Property size
    3,980 SF
    Property type
    Commercial real estate
    APN
    S533-000-0030-2090
    APU
    S53300000302090

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $790,000
      6.5%
      $725,000
      7%
      $675,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $576,000
      Market price range: $241k - $1.03M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $645,000
      Current use
      RETAIL STORES
      $590,000
      Change: -8% Conversion: Easy
      AUTO REPAIR, GARAGE
      $535,000
      Change: -17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Socorro
    County
    El Paso
    State
    Texas
    Longitude
    -106.267
    Latitude
    31.6524
    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
    $11,995
    $154,083
    $245,917
    $400,000
    -
    $154,083
    $245,917
    $400,000

    Comparable in this City

    • Value Estimation by Request
      0.19 Acres

      9977 Alameda Ave

      COMMERCIAL (GENERAL) • 0.19 Acres
      9977 Alameda Ave, Socorro, TX 79927-2955
      View Details
    • Value Estimation by Request
      0.46 Acres

      425 Friona Dr

      COMMERCIAL (GENERAL) • 0.46 Acres
      425 Friona Dr, Socorro, TX 79927-3527
      View Details
    • Value Estimation by Request
      0.18 Acres

      11715 Michael Dr

      COMMERCIAL (GENERAL) • 0.18 Acres
      11715 Michael Dr, Socorro, TX 79927-6105
      View Details
    • Value Estimation by Request
      0.15 Acres

      10058 Loop Dr

      COMMERCIAL (GENERAL) • 0.15 Acres
      10058 Loop Dr, El Paso, TX 79927
      View Details
    • Value Estimation by Request
      1.20 Acres

      9742 Loop Dr

      COMMERCIAL (GENERAL) • 1.20 Acres
      9742 Loop Dr, Socorro, TX 79927-5013
      View Details
    • Value Estimation by Request
      0.32 Acres

      188 Horizon Blvd

      COMMERCIAL (GENERAL) • 0.32 Acres
      188 Horizon Blvd, Socorro, TX 79927-2640
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      16.00 Acres

      I-10 Frontage Commercial Land

      16 Acres, I-10 Frontage, High Growth Area
      I-10 & Eastlake Nuevo Hueco Tanks Rd, Socorro, TX 79927
      View Details
    • $875,000
      5.44 Acres

      Horizon Blvd Commercial Land

      5.44 Acres, Prime El Paso Location
      1109 Horizon Blvd, El Paso, TX 79927
      View Details
    • Contact for pricing
      184.00 Acres

      I-10 & Clint: 184 Acres

      Prime Commercial Farm Land near I-10
      0 Swq I-10 & Clint, Socorro, TX 79927
      View Details
    • Contact for pricing
      5.61 Acres

      Horizon City Commercial Land

      5.61 Acres, Divisible, High Traffic
      0 Seq Horizon Blvd & Grn Desert Cir, Socorro, TX 79927
      View Details
    • Contact for pricing
      1.36 Acres

      Socorro Commercial Land Opportunity

      Prime C-2 zoned land near I-10.
      850 Nuevo Hueco Tanks Rd, Socorro, TX 79927
      View Details
    • Contact for pricing
      98.41 Acres

      Socorro Industrial Land - 98 Acres

      Prime Texas industrial development site.
      0 Loop Dr, Socorro, TX 79927
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      254,126 SF

      11320 Gateway Blvd

      Manufacturing properties • 254,126 SF
      11320 Gateway Blvd, Socorro, TX 79927
      View Details
    • Contact for pricing
      1,920 SF

      Socorro Office Space Available

      Office space available for rent in Socorro, Texas.
      10065 N Loop Dr, Socorro, TX 79927
      View Details
    • Contact for pricing

      Socorro, TX Warehouse Sublease

      ±155,440 SF Industrial Space Available
      11751 Alameda Ave, Socorro, TX 79927
      View Details
    • Contact for pricing
      24,918 SF

      Pan American Industrial Warehouse Space

      Warehouse space available in established Pan American Industrial Park.
      9570 Pan American Dr, El Paso, TX 79927
      View Details
    • $4 SF/Yr
      47,480 SF

      Socorro Commercial Land For Lease

      Flexible ground lease opportunity in a prime commercial corridor.
      817 Market Pl, Socorro, TX 79927
      View Details
    • Contact for pricing
      30,056 SF

      Horizon Blvd Commercial Land

      Prime 0.69-acre redevelopment site.
      615 Horizon Blvd, Socorro, TX 79927
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    647 Horizon Blvd
    Socorro, TX 79927-4402
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.