3581- Zaragoza Rd El Paso, TX 79938
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.