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    2260 Zaragoza Rd El Paso, TX 79938

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    For Lease
    Contact for pricing

    El Paso Retail Space: 3,200 SF Available

    Lot size:
    39,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    409
    This exceptional retail property, located at 2260 N Zaragoza Rd, El Paso, TX 79938, offers a prime opportunity for businesses seeking high-visibility locations. The single-story building, totaling 39,400 square feet, features two suites, with 3,200 square feet currently vacant and available for lease. Individual spaces range from a minimum of 1,200 square feet to a maximum contiguous space of 2,000 square feet, providing flexibility for various retail or restaurant concepts. The property benefits from its location on Zaragoza Road, with a cross street of Tierra Este Rd, ensuring high traffic volume and excellent exposure to potential customers. Situated in El Paso County, this property presents a compelling investment opportunity. The property tax rate is $7.19 per square foot. The building is ideal for multiple tenants, offering a vibrant and accessible location for businesses seeking to establish or expand their presence in the El Paso market. This is a rare chance to secure a well-positioned retail space in a high-traffic area. Contact us today to learn more about this exceptional opportunity.

    Property Features for 2260 Zaragoza Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    39,400 SF

    Building Details

    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    A120
    Size
    1,200 SF
    Space
    A101
    Size
    1,500 SF

    We can help!

    Listing Contact
    Stuart Shiloff
    Stuart Shiloff

    Learn more

    Property Insight Report

    HighLights

    • High‑visibility retail property at 2260 N Zaragoza Rd, El Paso, TX 79938.
    • 39,400 square foot single‑story building with two suites.
    • 3,200 square feet currently vacant, divisible into spaces ranging from 1,200 to 2,000 square feet.
    • High‑traffic location on Zaragoza Rd, at the cross street of Tierra Este Rd, in El Paso County.
    • Property tax rate: $7.19 PSF.
    Property Profile Location Intelligence

    Current Use by Public Records

    Chilaquiles Buen Dia Brunch Restaurant Zaragoza Grove Shopping Mall Dr. Higinio Cantres-Carmona Optometrist Dog Lovers Grooming Pet Groomer The Pregame Barbershop Barber Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    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
    -106.2541286
    Latitude
    31.7739333

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    FAQs

    What type of property is this?
    Retail property - El Paso Retail Space: 3,200 SF Available
    Where is this retail property located?
    The property is located at 2260 Zaragoza Rd El Paso, TX.
    What are key features of this property?
    This property features: High-visibility retail property at 2260 N Zaragoza Rd, El Paso, TX 79938.; 39,400 square foot single-story building with two suites.; 3,200 square feet currently vacant, divisible into spaces ranging from 1,200 to 2,000 square feet.
    Request Owner's contact information
    2260 Zaragoza Rd El Paso, TX 79938
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    El Paso, TX 79938
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    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
    2260 Zaragoza Rd El Paso, TX 79938
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    We can help!
    Listing Contact
    Stuart Shiloff
    Stuart Shiloff
    Real Estate License ID: TX
    Learn more
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