Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    111 Concepcion St El Paso, TX 79905-3908

    Property Lookup

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

    111 Concepcion St El Paso, TX 79905-3908

    View on Map
    • Showrooms
    • 3,750 SF
    • 0.34 lot acres
    Off-Market
    Last Sale Jan 6, 2023
    Property ID
    US82-1210992
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Genesis Tool Inc / Industrial Manufacturer
    • Millennial Tooling Inc / Industrial Manufacturer / Production Facility
    • Gennis Tool / General Contractor

    Property Details for 111 Concepcion St

    Year built
    1975
    Lot size
    0.34 lot acres
    Property size
    3,750 SF
    Zone code
    C4
    Property type
    Showrooms
    APN
    V088-999-0060-8800
    APU
    V08899900608800

    Description

    This exceptional 3,750-square-foot industrial property, located at 111 S Concepcion St in El Paso, Texas, presents a unique investment or owner-occupancy opportunity. Built in 1975, this single-story, stand-alone warehouse sits on a 0.34-acre lot and is zoned SCZ T6. The building features one loading dock and one dock-high door, making it ideal for efficient loading and unloading. Its flexible design, suitable for flex, R&D, or warehouse uses, allows for diverse operational possibilities. The property's convenient location offers proximity to major employers, including the University Medical Center of El Paso and the Texas Tech University Health Sciences Center Paul L. Foster School of Medicine, enhancing its appeal and potential for future growth. The single-tenancy setup provides ease of management and control. Dedicated parking spaces are available, adding to the property's overall convenience. This property presents a compelling opportunity for conversion to medical or other commercial uses, given its strategic location near prominent healthcare institutions. The gross lease structure simplifies financial management. The property's strong location and versatile design make it an attractive option for a wide range of businesses. This is a rare opportunity to acquire a well-situated, functional industrial space in a thriving El Paso neighborhood.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    El Paso
    County
    El Paso
    State
    Texas
    Longitude
    -106.432
    Latitude
    31.7691
    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
    $5,292
    $67,500
    $123,804
    $191,304
    -
    $67,500
    $123,804
    $191,304

    Comparable in this City

    • Value Estimation by Request
      6,975 SF

      3227 Alameda Ave

      SHOW ROOM, WAREHOUSE • 6,975 SF
      3227 Alameda Ave, El Paso, TX 79905-2303
      View Details
    • Value Estimation by Request
      2,082 SF

      3624 Gtwy E Blvd

      SHOW ROOM, WAREHOUSE • 2,082 SF
      3624 Gtwy E Blvd, El Paso, TX 79905-1213
      View Details
    • Value Estimation
      $825,000
      7,440 SF

      5330 Gtwy E Blvd

      SHOW ROOM, WAREHOUSE • 7,440 SF
      5330 Gtwy E Blvd, El Paso, TX 79905-1610
      View Details
    • Value Estimation
      $1,480,000
      13,018 SF

      3524 Gtwy E Blvd

      SHOW ROOM, WAREHOUSE • 13,018 SF
      3524 Gtwy E Blvd, El Paso, TX 79905-1212
      View Details
    • Value Estimation
      $1,015,000
      25,930 SF

      3200 Durazno Ave

      SHOW ROOM, WAREHOUSE • 25,930 SF
      3200 Durazno Ave, El Paso, TX 79905-1106
      View Details
    • Value Estimation
      $1,105,000
      27,500 SF

      3750 Durazno Ave

      SHOW ROOM, WAREHOUSE • 27,500 SF
      3750 Durazno Ave, El Paso, TX 79905-1302
      View Details

    Similar Nearby for Sale

    • $375,000
      0.14 Acres

      El Paso Commercial Property For Sale

      Commercial property near hospital and medical college with high visibility.
      341 Chelsea St, El Paso, TX 79905
      View Details
    • $199,950
      3,000 SF

      El Paso Retail/Auto Property

      Retail or auto shop property for sale in El Paso.
      5600 Joe Perez Ct, El Paso, TX 79905
      View Details
    • $289,900
      0.07 Acres

      El Paso Commercial Corner Building

      Centrally located commercial building with high visibility and traffic.
      3107 E Paisano Dr, El Paso, TX 79905
      View Details
    • $650,000
      0.16 Acres

      Multifamily Complex with Commercial Units

      Multifamily complex with commercial units in El Paso, TX.
      3530 Pera Ave, El Paso, TX 79905
      View Details
    • $449,000
      0.14 Acres

      Alameda Corner Investment Opportunity

      Mixed-use property with potential rental income in El Paso.
      6700 Alameda Ave, El Paso, TX 79905
      View Details
    • $165,000
      0.14 Acres

      El Paso Commercial Home/Office

      Centrally located commercial property suitable for office or small business.
      5612 Dailey Ave, El Paso, TX 79905
      View Details

    Similar Nearby for Lease

    • $925 /Mo
      6,098 SF

      El Paso Commercial Space Available

      Centrally located commercial space suitable for office or small business.
      5612 Dailey Ave, El Paso, TX 79905
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space Available For Rent

      Retail space available for rent in El Paso, Texas.
      6920 Delta Dr, El Paso, TX 79905
      View Details
    • Contact for pricing
      1,000 SF

      Retail Space in El Paso

      Retail space available for lease in El Paso, Texas.
      2901 Alameda Ave, El Paso, TX 79905
      View Details
    • Contact for pricing

      Versatile Commercial Spaces For Lease

      Flexible spaces for retail, warehouse, or distribution, with highway access.
      3402 Durazno Ave, El Paso, TX 79905
      View Details
    • Contact for pricing

      6090 Surety Dr, El Paso, TX 79905

      Office Units
      6090 Surety Dr, El Paso, TX 79905
      View Details
    • Contact for pricing
      6,000 SF

      El Paso Commercial Space

      Commercial space available for rent in El Paso, Texas.
      200 North Copia St, El Paso, TX 79905
      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.
    111 Concepcion St
    El Paso, TX 79905-3908
    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!