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Property profile & analytics
FOR LEASE
Strip malls
10705 Gateway Blvd W El Paso, TX 79935
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-2345972
For Lease
$925,000
10705 Gateway Blvd W, El Paso, TX 79935
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2004
Total area
16,000 SF
Lot
1.37 ac (59,851 SF)
Zoning code
M1
APN
V893-999-0110-4800
UPID
US82-2345972
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
-
Cigna Corporate Office
-
Caribbean Dental Dental Office
-
EPIC Independent Physicians Associaton Association Or Organization
-
EPIC Doctors Physician
-
Staff Force Personnel Services - El Paso/East Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$700k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.15M
Blend (final)
Blend
$925k
Owner & transaction history
Roadhouse Ents INC · 8 yrs held
Roadhouse Ents INC
since 2017
5 recorded transactions
Zoning & alternative use
M1 · El Paso, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.5M
+41.7%
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
$700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,025,000
Current use
MEDICAL BUILDING
$1,450,000
Change: +42% · Conversion: Difficult
COMMERCIAL (GENERAL)
$865,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$925k
Range $833k – $1.02M · ±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
$58 / 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
$38,063
Tax year 2023
Assessed value
$1,307,807
Assessed 2023
Previous assessed
$1,307,807
+0.0% YoY
Effective rate
2.91%
On assessed value
Assessed land
$800,000
Assessed improvement
$507,807
Land market value
$800,000
Improvement market value
$507,807
Total market value
$1,307,807
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2004
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
16,000 SF
Lot
1.37 ac (59,851 SF)
Zoning code
M1
APN
V893-999-0110-4800
UPID
US82-2345972
Jurisdiction
EL PASO
Zoning & alternative use
M1 · El Paso, TX
Zoning M1 · permitted uses
M1 · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$865,000
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
2004
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.37 ac
Current owner
From public records · entity-resolved
Roadhouse Ents INC
Entity
Free & Clear · 8 yrs held
Mailing address
444 EXECUTIVE CTR BLVD STE #124, EL PASO, TX 79902-1014
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 19, 2017
—
Roadhouse Ents INC
Texas Roadhouse Holdings LLC
Quit Claim Deed
related
—
Sep 29, 2017
—
Roadhouse Ents INC
Texas Roadhouse Holdings LLC
Quit Claim Deed
related
—
Aug 27, 2009
—
Labrusca Holding Corp
Sheriff Of El Paso County
Trustees Deed
related
—
—
—
10705 Gateway West LLC
—
Deed Of Trust
related
$1,400,000 · American Equity Inv Life Ins
—
—
Lcg Yarbrough 2003
—
Deed Of Trust
related
$2,683,000 · J P Morgan Chase Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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