5135 Chromite Drive
About This Property
Zoned for commercial use, ideal for professional offices and small businesses.
Close to major roads and local amenities, with high traffic potential.
Level terrain ready for construction and utilities nearby.
Great for owner-users or investors looking to expand their commercial portfolio.
Prime opportunity awaits with this 7,971.48sf vacant lot available for sale at 5135
Chromite Dr, El Paso, Texas. Ideally situated in a developing area, this spacious lot
offers excellent visibility and accessibility-perfect for your next business venture.
Whether you are looking to build a 1,500sf office or invest for future growth, the
property provides the flexibility and location you need.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Mar 2, 2026 | Sold | ||
| Sold | |||
| Feb 10, 2026 | In contract | - | |
| In contract | |||
| Nov 5, 2025 | Listed by Cap Rate Real Estate Group | $130,000 | |
| Listed by Cap Rate Real Estate Group | |||
| Sep 18, 2024 | Temporarily off market | - | |
| Temporarily off market | |||
| Sep 15, 2024 | Listed by Brokers Inc Real Estate Group | $120,000 | |
| Listed by Brokers Inc Real Estate Group | |||
| | |||
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Great lot with A2 zoning on the westside of El Paso. Great access to I-10.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017