Add Listing
    For Lease
    • 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

    615 Zaragoza Rd El Paso, TX 79907

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime El Paso retail space available.

    Lot size:
    1,200 SF

    Property Features for 615 Zaragoza Rd

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,200 SF

    Spaces For Lease

    at 615 Zaragoza Rd, El Paso, TX 79907 Contact us

    We can help!

    Listing Contact
    Michael Pace
    Michael Pace

    Listing Agency: MIMCO Commercial Real Estate Managment & Investment Listing Agent: Michael Pace

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional retail opportunity is located within the vibrant Zaragoza Village shopping center, situated at the high-traffic intersection of Zaragoza Road and North Loop Drive in El Paso County. The property is conveniently shadow-anchored by a major El Super Market, ensuring consistent high foot traffic and excellent visibility. Currently, one retail space is available, measuring 1,200 square feet, perfect for a variety of businesses. The C-1C zoning allows for diverse commercial uses. The location offers unparalleled access and visibility from all four sides of the intersection, providing maximum exposure to potential customers. Zaragoza Village boasts a diverse mix of existing retail and restaurant tenants, creating a thriving and synergistic environment. This space presents a unique chance to establish or expand your business in a prime El Paso location with strong existing infrastructure and high consumer traffic. The property is ideal for businesses seeking high visibility and convenient access within a well-established commercial center. This is a rare opportunity to secure a space in a thriving retail environment with significant potential for growth and success. Inquire today to learn more about this exceptional retail space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    WSS Clothing & Fashion Store Johnstun K DDS Dental Office Ziafat M DDS Dental Office Lind C DDS Dental Office Sivanich K DDS Dental Office

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    El Paso
    County
    El Paso
    State
    Texas
    Longitude
    -106.32022289346
    Latitude
    31.704755761997

    Nearby Similar for Lease

    • New
      $2,750 /Mo
      6,534 SF

      Kern Place Office Building

      Unique office building in El Paso's Kern Place.
      2515 Stanton St, El Paso, TX 79902
      View Details
    • $895 /Mo
      17,860 SF

      El Paso Retail Space Available

      Retail space for lease in a high-traffic El Paso location.
      2920 N Piedras St, El Paso, TX 79930
      View Details
    • $1,200 /Mo
      6,098 SF

      El Paso Commercial Corner Lot

      C4-zoned property with warehouse and office suites for rent.
      4606 Vulcan Ave, El Paso, TX 79904
      View Details
    • $550 /Mo
      9,583 SF

      El Paso Professional Office Space

      Modern office space with amenities in a high-traffic location.
      10105 Montwood Dr, El Paso, TX 79925
      View Details
    • $3,000 /Mo
      7,405 SF

      High-Visibility Endcap in El Paso

      2,000 SF endcap ideal for medical or professional use.
      9533 Dyer St, El Paso, TX 79924
      View Details
    • $2,800 /Mo

      Retail Space in Downtown El Paso

      Commercial property in the heart of downtown El Paso.
      504 S El Paso St, El Paso, TX 79901
      View Details
    • $5,000 /Mo
      17,424 SF

      Versatile Warehouse with Office Space

      Commercial warehouse with office space, convenient access, and ample parking.
      10950 Pellicano Dr, El Paso, TX 79935
      View Details
    • New
      $400 /Mo

      Private Office Space For Lease

      Private office in shared space with utilities and WiFi included.
      2415 Montana Ave, El Paso, TX 79903
      View Details
    • New
      $925 /Mo
      6,098 SF

      El Paso Commercial Space Available

      Centrally located commercial space suitable for office or small business.
      5612 Dailey Ave, El Paso, TX 79905
      View Details
    • $2,200 /Mo
      83,635,200 SF

      Renovated Commercial Units in El Paso

      Move-in ready, renovated commercial units with flexible layouts for rent.
      6209 Airport Rd, El Paso, TX 79925
      View Details
    • $550 /Mo
      217,800 SF

      Remodeled Office Suites For Rent

      Single-level office building with utilities and internet included.
      6501 Boeing Dr, El Paso, TX 79925
      View Details
    • $1,397 /Mo
      6,098 SF

      Victorian Office Space For Lease

      Unique office space in a Victorian-style building near Downtown.
      1127 Wyoming Ave, El Paso, TX 79902
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - Prime El Paso retail space available.
    Where is this office property / space located?
    The property is located at 615 Zaragoza Rd El Paso, TX.
    What are key features of this property?
    This property features: Retail and office space available in Zaragoza Village.; One 1,200 square foot retail space available.; Located at the high-traffic intersection of Zaragoza and North Loop.
    (915) 893-8888 Call to check price and availability
    Request Owner's contact information
    615 Zaragoza Rd El Paso, TX 79907
    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.
    615 Zaragoza Rd
    El Paso, TX 79907
    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
    615 Zaragoza Rd El Paso, TX 79907
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Michael Pace
    Michael Pace
    Real Estate License ID: 632882
    (915) 893-8888 (915) 777-9552
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!