Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    500-520 Zaragoza Rd El Paso, TX 79907

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    500-520 Zaragoza Rd El Paso, TX 79907

    View on Map
    • Retail properties & Spaces
    • 85,946 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 500-520 Zaragoza Rd

    Property size
    85,946 SF
    Property type
    Retail properties & Spaces

    Description

    Plaza De Flores II offers 85,946 square feet of prime retail space in El Paso County, zoned C-1. This multi-tenant center boasts 25 suites, with a minimum divisible space of 2,400 square feet and a maximum contiguous space of 10,076 square feet. Currently, 8,130 square feet are vacant, presenting a unique opportunity for expansion or new tenancy. The property enjoys a highly visible location on Zaragoza Road near North Loop Drive, benefiting from consistently high traffic counts. Ample parking is available throughout the center for customer and tenant convenience. The strategic location within a thriving commercial area, surrounded by numerous established retailers, restaurants, and businesses, ensures strong potential for success. This is an exceptional opportunity to establish or expand a retail presence in a high-demand area of El Paso. The property's size and layout offer flexibility for a variety of retail uses, making it an attractive investment for both established businesses and new ventures. The existing infrastructure and high visibility make this a turnkey solution for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    El Paso
    County
    El Paso
    State
    Texas
    Longitude
    -106.321
    Latitude
    31.7015

    Comparable in this City

    • Value Estimation by Request
      12,805 SF

      1155 Zaragoza A

      Retail properties & Spaces • 12,805 SF
      1155 Zaragoza A, El Paso, TX 79907
      View Details
    • Value Estimation by Request
      35,000 SF

      8100 Loop Dr

      Lifestyle centers • 35,000 SF
      8100 Loop Dr, El Paso, TX 79907
      View Details
    • Value Estimation by Request
      0.95 Acres

      629 Zaragoza Rd

      Individual retail properties • 0.95 Acres
      629 Zaragoza Rd, El Paso, TX 79907
      View Details
    • Value Estimation by Request
      24,000 SF

      8100 Loop Dr

      Restaurants • 24,000 SF
      8100 Loop Dr, El Paso, TX 79907
      View Details
    • Value Estimation
      $2,030,000
      22,392 SF

      1001 Diesel Dr

      SERVICE STATION (FULL SERVICE) • 22,392 SF
      1001 Diesel Dr, El Paso, TX 79907-3102
      View Details
    • Value Estimation
      $2,890,000
      88,168 SF

      411 Zaragoza Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 88,168 SF
      411 Zaragoza Rd, El Paso, TX 79907-4745
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Land in Opportunity Zone

      4.56 acres in El Paso near US/Mexico port.
      8482 Alameda Ave, El Paso, TX 79907
      View Details
    • $650,000
      41,818 SF

      Retail Property on Alameda Ave

      Retail property available for sale in El Paso, Texas.
      8333 Alameda Ave, El Paso, TX 79907
      View Details
    • $899,950
      0.36 Acres

      Mixed-Use Investment on Alameda Avenue

      Commercial frontage with residential units, ideal for diversified income.
      8943 Alameda Ave, El Paso, TX 79907
      View Details
    • New
      $545,000
      Pending

      El Paso Income Property

      Versatile investment property with multiple income streams in El Paso.
      8149 Alameda Ave, El Paso, TX 79907
      View Details
    • New
      $579,000
      2,500 SF

      El Paso Commercial Property

      Versatile commercial property with ample parking in a booming market.
      8635 N Loop Dr, El Paso, TX 79907
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,600 SF

      Retail Space on Zaragoza Road

      3,600 SF retail space available for lease.
      1700 N Zaragoza Rd, El Paso, TX 79907
      View Details
    • Contact for pricing
      1,140 SF

      Retail Space on Alameda Avenue

      Retail space available for lease on Alameda Ave, El Paso.
      9411 Alameda Ave, El Paso, TX 79907
      View Details
    • Contact for pricing

      Retail or Medical Office Space

      Located in a high-traffic area, suitable for retail or medical.
      8825 N Loop Dr, El Paso, TX 79907
      View Details
    • Contact for pricing

      Retail Space on Zaragoza Road

      Retail space available in high-traffic Plaza De Flores II.
      500-520 N Zaragoza Rd, El Paso, TX 79907
      View Details
    • Contact for pricing
      4,998 SF

      Retail Space on Zaragoza Road

      Retail space available for lease on N Zaragoza Rd.
      1921 N Zaragoza Rd, El Paso, TX 79907
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space Available For Rent

      Retail space available for rent at 615 N Zaragoza Rd.
      615 N Zaragoza Rd, El Paso, TX 79907
      View Details
    Request Owner's contact information
    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.
    500-520 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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!