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    Property profile & analytics

    154 Festival Dr El Paso, TX 79912

    • Commercial real estate
    • 1,290 SF
    • 0.82 lot acres
    For Sale
    View listing
    Value Estimation
    Last Sale
    Aug 22, 2024
    Location Intelligence
    Property ID
    US82-4746622
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Brooks David MD / Psychiatrist / Doctor
    • Dr. Dwayne M. Aboud, MD / Doctor / General Practitioner
    • Maribel Magallanes, FNP-BC / General Practitioner / Child Health Care Centre
    • Prestige Development Group / Contractor
    • Dr. Arthur A. Cohen, MD / Internist

    Property Details for 154 Festival Dr

    Year built
    2004
    Construction
    WOOD
    Lot size
    0.82 lot acres
    Property size
    1,290 SF
    Zone code
    C3S
    Property type
    Commercial real estate
    APN
    M344-999-0300-0255
    APU
    M34499903000255

    Description

    Invest in this thriving Gresham, Oregon retail center, Gresham Town Fair. This multi-tenant property boasts a total of 264,634 square feet, offering a diverse range of spaces to suit various business needs. Currently, there are eight suites available, with sizes ranging from a minimum of 1,130 square feet to a maximum contiguous space of 14,910 square feet. A significant 41,417 square feet is currently vacant, presenting a unique opportunity for expansion or new tenancy. The property features ample parking with 1266 spaces to accommodate customers and employees. Located in Multnomah County, this retail center benefits from exceptional accessibility, being within walking distance of Portland's MAX Light Rail, a transit system carrying over 127,000 daily riders and providing convenient access to downtown Portland. Virtual tours are available for prospective tenants to explore the property's layout and potential. This is an exceptional opportunity to secure retail space in a high-traffic, well-connected location. Contact us today to learn more about leasing opportunities and explore the potential of this vibrant retail center.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    El Paso
    County
    El Paso
    State
    Texas
    Longitude
    -106.513
    Latitude
    31.8196
    CBSA code
    21340
    CBSA name
    EL PASO, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $34,578
    $280,705
    $1,218,895
    $1,499,600
    -
    $280,705
    $1,218,895
    $1,499,600

    Comparable in this City

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    El Paso, TX 79912
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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
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