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    3581- Zaragoza Rd El Paso, TX 79938

    For Lease
    Contact for pricing

    Prime Retail Space, El Paso County

    Lot size:
    19,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional retail investment opportunity encompasses two single-story buildings totaling 19,200 square feet, situated in El Paso County. The property, known as Paseo Real 3 & 4, offers a prime location with convenient access off N Zaragoza and Edgemere Blvd. Currently, there are nine suites available, with a significant 13,800 square feet of vacant space ready for immediate occupancy. The minimum leasable space is 1,200 square feet, while the maximum contiguous space available is 6,000 square feet, providing flexibility for a variety of retail or restaurant tenants. The property is ideally suited for businesses seeking high visibility and convenient access to a substantial customer base. Tenancy is multiple, allowing for a diverse mix of businesses. Property taxes are $8 per square foot. The buildings are ready for tenant improvements (TI) around the fourth quarter of 2022, making this an excellent opportunity for businesses looking to establish or expand their presence in a thriving market. The property's strategic location and ample space make it an attractive investment for both established businesses and new ventures. Contact us today to learn more about this exceptional retail center.

    Property Features for 3581- Zaragoza Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    19,200 SF

    Building Details

    Buildings
    2
    Stories
    1

    Unit(s) available at that property

    Space
    C303
    Size
    1,200 SF
    Space
    C304
    Size
    1,200 SF
    Space
    C305
    Size
    1,200 SF
    Space
    C306
    Size
    1,200 SF
    Space
    D402
    Size
    1,200 SF
    Space
    D403
    Size
    1,200 SF
    Space
    D404
    Size
    1,200 SF
    Space
    D405
    Size
    1,200 SF
    Space
    D406
    Size
    1,200 SF
    Space
    C302
    Size
    1,200 SF

    HighLights

    • Retail property totaling 19,200 square feet.
    • Two single‑story buildings with nine suites available.
    • 13,800 square feet of vacant space available for lease.
    • Suite sizes range from 1,200 to 6,000 contiguous square feet.
    • Located near the intersection of N Zaragoza and Edgemere Blvd in El Paso County.
    • Annual property taxes are approximately $8 per square foot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    El Paso
    County
    El Paso
    State
    Texas
    Longitude
    -106.2313925
    Latitude
    31.7961817

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    FAQs

    What type of property is this?
    Retail property - Prime Retail Space, El Paso County
    Where is this retail property located?
    The property is located at 3581- Zaragoza Rd El Paso, TX.
    What are key features of this property?
    This property features: Retail property totaling 19,200 square feet.; Two single-story buildings with nine suites available.; 13,800 square feet of vacant space available for lease.
    Request Owner's contact information
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    Realmo Value Estimation

    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.

    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.

    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
    3581- Zaragoza Rd El Paso, TX 79938
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