16
Map
3100 Swanson Drive
About This Property
largest pieces of any land available TX at this altitude, available to be developed on the mountain. Zoned as residential. Slope is minimal, with mostly flat rolling
hill area. With views of NE El Paso, and Fort Bliss, all the way out to Waco Tanks. Drive to the east end of Hondo Pass, turn left onto Magnetic and look up the
mountain to see this opportunity. Take a look at the plat/GIS map from the CAD to see the property size and location
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 4, 2025 | Listed by Terra Firma Real Estate | $3,500,000 | |
| Listed by Terra Firma Real Estate | |||
| Sep 2, 2024 | No longer available | - | |
| No longer available | |||
| Apr 1, 2023 | Listed by Terra Firma Real Estate | $3,500,000 | |
| Listed by Terra Firma Real Estate | |||
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Over ten acres of land just above Hondo Pass, right above existing housing area, over looking northeast El Paso. Probably one of the last and largest pieces of any land available TX at this altitude, available to be developed on the mountain. Zoned as residential. Slope is minimal, with mostly flat rolling hill area. With views of NE El Paso, and Fort Bliss, all the way out to Waco Tanks. Drive to the east end of Hondo Pass, turn left onto Magnetic and look up the mountain to see this opportunity. Take a look at the plat/GIS map from the CAD to see the property size and location.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017