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Property profile & analytics
OFF-MARKET
Estimated value
$7,395,000
Grocery and convenience stores
101 Redd Rd, El Paso, TX 79932-1981
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US82-9717004
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2013
Total area
42,567 SF
Lot
6.24 ac (271,684 SF)
Zoning code
C3
APN
R318-999-001A-0100
UPID
US82-9717004
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
Current use
Occupant on record · Public records
-
Walmart Pharmacy Pharmacy
-
Walmart Neighborhood Market Grocery & Convenience Store Food Market
-
Primo Water Refill & Exchange Big Box & Wholesale Store
-
Walmart Connection Center Mobile Phone Store Electronics & Wireless Store
-
Walmart Pet Services Kennel & Boarding Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.43M
Comparable Approach
Comparable
$7.37M
Blend (final)
Blend
$7.40M
Owner & transaction history
Via Real Estate LLC · 2 yrs held
Via Real Estate LLC
since 2023
2 recorded transactions
Zoning & alternative use
C3 · El Paso, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$9.5M
+81.2%
Restaurant
$6.0M
+14.2%
Auto repair, garage
$5.7M
+8.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs El Paso submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs El Paso submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$8,045,000
6.5%
$7,425,000
7%
$6,895,000
Alternative Use
Use
Estimation
RETAIL STORES
$5,265,000
Current use
APARTMENT HOUSE (5+ UNITS)
$9,535,000
Change: +81% · Conversion: Difficult
RESTAURANT
$6,010,000
Change: +14% · Conversion: Easy
AUTO REPAIR, GARAGE
$5,710,000
Change: +9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,630,000
Change: -12% · Conversion: Easy
OFFICE BUILDING
$4,510,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$7.40M
Range $6.66M – $8.13M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$174 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$145,955
Tax year 2023
Assessed value
$5,276,300
Assessed 2023
Previous assessed
$5,276,300
+0.0% YoY
Effective rate
2.77%
On assessed value
Assessed land
$793,317
Assessed improvement
$4,482,983
Land market value
$793,317
Improvement market value
$4,482,983
Total market value
$5,276,300
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2013
Heating
NONE
Stories
1
Total area
42,567 SF
Lot
6.24 ac (271,684 SF)
Zoning code
C3
APN
R318-999-001A-0100
UPID
US82-9717004
Jurisdiction
EL PASO
Zoning & alternative use
C3 · El Paso, TX
Zoning C3 · permitted uses
C3 · El Paso, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
El Paso. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$5.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.5M
RESTAURANT
Est. value
$6.0M
AUTO REPAIR, GARAGE
Est. value
$5.7M
COMMERCIAL (GENERAL)
Est. value
$4.6M
OFFICE BUILDING
Est. value
$4.5M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2013
Heating
NONE
Stories
1
Lot
6.24 ac
Current owner
From public records · entity-resolved
Via Real Estate LLC
Entity
Mailing address
13105 SE DOVER AVE, LUBBOCK, TX 79424-8451
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 28, 2023
—
Via Real Estate LLC
Pulling Investments LLC
Venders Lien
$5,329,849 · Peoples Bank
Jul 18, 2023
—
Ggg Washes LLC
Via Real Estate LLC
Lease
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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