| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 41st | Poor |
| Demographics | 41st | Good |
| Amenities | 37th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10505 Gran Cima Ln, El Paso, TX, 79935, US |
| Region / Metro | El Paso |
| Year of Construction | 1974 |
| Units | 72 |
| Transaction Date | 2007-10-03 |
| Transaction Price | $3,217,500 |
| Buyer | EPT SAN MIGUEL APARTMENTS LLC |
| Seller | SANDOVAL ROBERTO |
10505 Gran Cima Ln El Paso Multifamily Investment
According to WDSuite’s CRE market data, the neighborhood shows an above-median renter concentration that supports a stable tenant base, though occupancy trends are softer than the metro. This positioning favors workforce housing strategies with careful leasing and renewal management.
This Inner Suburb location in El Paso balances day-to-day convenience with investment practicality. Neighborhood amenities rank above the metro median among 189 El Paso neighborhoods, with grocery access competitive locally and pharmacies in the top quartile nationally. Restaurants are also above the metro median, supporting everyday livability for residents.
School options trend above the national median (average ratings), which can aid family retention and reduce turnover risk relative to weaker submarkets, based on CRE market data from WDSuite. While neighborhood occupancy runs below both metro and national norms, investor focus on leasing execution and resident services can help mitigate volatility.
Tenure dynamics are favorable for multifamily: the share of renter-occupied housing units is above the metro median and high versus neighborhoods nationwide, indicating depth in the tenant base and consistent leasing visibility. Median contract rents in the neighborhood sit near national midpoints, and rent-to-income ratios reflect moderate affordability pressure—conditions that can support steady renewal conversations without overextending residents.
Within a 3-mile radius, demographics show a slight population dip in recent years but an increase in households and a projected rise in household counts through 2028. Smaller average household sizes and a modest uptick in the renter share point to a gradually expanding renter pool, which supports occupancy stability and ongoing demand for rental units.
Neighborhood-level crime metrics are not reported in this dataset. Investors should evaluate broader El Paso trends and property-level measures (lighting, access control, and management practices) to contextualize safety and support resident retention. Where available, compare recent area trends and on-site incident histories rather than relying on block-level anecdotes.
Nearby corporate offices provide a stable employment base and commute convenience for residents, supporting workforce housing demand. Key employers include Freeport-McMoRan, Western Refining, and Charles Schwab.
- Freeport-McMoRan — mining & corporate offices (2.7 miles)
- Western Refining — energy & corporate offices (9.1 miles) — HQ
- Charles Schwab — financial services offices (10.6 miles)
The property’s Inner Suburb setting offers practical renter appeal: above-median neighborhood amenities, solid school options versus the national median, and proximity to established employers. While neighborhood occupancy tracks below metro and national levels, the area’s renter-occupied share is comparatively high, creating a deeper tenant base for leasing and renewals. According to commercial real estate analysis from WDSuite, local rents sit near national midpoints with moderate rent-to-income ratios—conditions that can underpin steady retention with disciplined rent management.
Within a 3-mile radius, households have grown despite a small population decline, and projections call for additional household growth and a higher renter share through 2028. Together with accessible ownership costs locally, this mix suggests steady multifamily demand with some competitive pressure from entry-level ownership—best addressed through focused resident experience and targeted value enhancements.
- High renter concentration versus metro and nation supports tenant base depth
- Amenities and school ratings compare favorably, aiding retention and lease stability
- Household growth and a rising renter share within 3 miles reinforce forward demand
- Rents near national midpoints with moderate affordability pressure enable disciplined pricing
- Risks: softer neighborhood occupancy and potential competition from ownership require tight leasing and renewal strategy