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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

3581- Zaragoza Rd El Paso, TX 79938

19,200 SF
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Retail properties & Spaces
Total area 19,200 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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