Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    950 Camino Del Rey Socorro, TX 79927-4288
    Back to Search
    Property profile & analytics

    950 Camino Del Rey, Socorro, TX 79927-4288

    View on Map
    • Assisted living facilities
    • 41,778 SF
    • 4.37 lot acres
    Off-Market
    Property ID
    US82-9483802
    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
    $10,630,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Assisted living facilities

    Property Details for 950 Camino Del Rey

    Year built
    2014
    Construction
    WOOD
    Lot size
    4.37 lot acres
    Zone code
    A2S
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    R245-999-0010-0100
    APU
    R24599900100100

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 13, 2018 — St Giles Nursing & Rehabilitat — Deed · related $9.8M · Southside Bk
    — — St Giles Raelty Holdings LLC — Deed Of Trust · related $10.4M · Orix R/e Cap
    — — St Giles Nursing & Rehabilitat — Loan Modification · related $9.8M · Southside Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Socorro
    County
    El Paso
    State
    Texas
    Longitude
    -106.291
    Latitude
    31.6887
    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
    $228,859
    $256,982
    $7,606,418
    $7,863,400
    -
    $256,982
    $7,606,418
    $7,863,400

    Comparable in this City

    • Value Estimation
      $7,540,000
      45,091 SF

      10064 Alameda Ave

      HOMES (RETIRED, NURSING)
      10064 Alameda Ave, Socorro, TX 79927-1801
      View Details
    • Value Estimation by Request
      255 SF

      10851 Alameda Ave

      HOMES (RETIRED, NURSING)
      10851 Alameda Ave, Socorro, TX 79927-1232
      View Details
    • Value Estimation by Request
      1,536 SF

      El Paso, TX 79927

      HOMES (RETIRED, NURSING)
      El Paso, TX 79927
      View Details
    • Value Estimation by Request
      480 SF

      10391 Nirmal Dr

      HOMES (RETIRED, NURSING)
      10391 Nirmal Dr, Socorro, TX 79927-4723
      View Details
    • Value Estimation by Request
      345 SF

      11401 Alameda Ave

      HOMES (RETIRED, NURSING)
      11401 Alameda Ave, Socorro, TX 79927-3255
      View Details
    • Value Estimation by Request
      630 SF

      11285 Alameda Ave

      HOMES (RETIRED, NURSING)
      11285 Alameda Ave, Socorro, TX 79927-3245
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      2.4-Acre Fenced Land Parcel

      2.4-acre fenced parcel near Horizon Blvd and I-10.
      10719 Horn Cir, Socorro, TX 79927
      View Details
    • $2,300,000
      8.82 Acres

      Land on North Loop

      Nearly 9 acres of land in a high-traffic area.
      11690 North Loop Dr, Socorro, TX 79927
      View Details
    • $350,000
      2.56 Acres

      El Paso Acreage in Logistics Corridor

      2.56 acres in growing industrial area, flexible zoning.
      PN-29466 Southside Rd, El Paso, TX 79927
      View Details
    • $480,000
      0.17 Acres

      Residential Land for Duplex Construction

      Land for duplex construction in a leased subdivision.
      807 Ts Daniel Cadena Dr, Socorro, TX 79927
      View Details
    • Contact for pricing

      Retail Property in Socorro, TX

      Retail property available for sale in Socorro, Texas.
      10693 N Loop Dr, Socorro, TX 79927
      View Details
    • New
      $39,000
      0.17 Acres

      El Paso Land For Sale

      Residential land for sale in El Paso, Texas.
      Irene Dr, El Paso, TX 79927
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Land for Lease

      5 AC industrial land available for long-term ground lease.
      9600 Pan American Dr, El Paso, TX 79927
      View Details
    • Contact for pricing
      51,200 SF

      El Paso Industrial Building For Rent

      51,200 SF industrial building near Zaragoza International Port of Entry.
      9555 Plaza Cir, El Paso, TX 79927
      View Details
    • $3,000 /Mo
      4,792 SF

      Socorro Commercial Space For Lease

      Newly renovated commercial space in high-demand Socorro location.
      10923 N Loop Dr, Socorro, TX 79927
      View Details
    • Contact for pricing

      Commercial Land For Lease

      5 AC commercial land available for long-term ground lease.
      9600 Pan American Dr, El Paso, TX 79927
      View Details
    • Contact for pricing

      Class A Distribution Facility

      Distribution facility with cross-dock and secured access for lease.
      9500 Plaza Cir, El Paso, TX 79927
      View Details
    • Contact for pricing

      Sublease Warehouse Space Available

      155,440 SF warehouse space for sublease in Socorro, TX.
      11751 Alameda Ave, 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.
    950 Camino Del Rey
    Socorro, TX 79927-4288
    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

    Thank You for Inquiry
    950 Camino Del Rey, Socorro, TX, 79927
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!