Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$6,900,000
Medical Office Space
11450 Gtwy N Blvd El Paso, TX 79934
Entity Owned
Absentee Owner
Free & Clear
Property ID
US83-0012300
Property summary
AI-generated overview
McCombs Medical Plaza, a Class A medical office building in El Paso, Texas, offers exceptional leasing opportunities. Located at 11450 Gateway N Blvd, zip code 79934, this two-story building boasts 40,000 square feet of total space, with units ranging from 3,000 to 9,700 contiguous square feet. Currently, 9,700 square feet is available for lease on the second floor. Built in 2021, the property features ample parking with a 4.5 spaces per 1000 square feet ratio. The building's prime location in El Paso County, near the intersection of Gateway N Blvd and McCombs Street, offers excellent visibility and accessibility. This development presents a unique chance to establish a presence in a burgeoning area, directly across from a planned 2,300-acre resort-style community including a large retail and healthcare village. This is an unparalleled opportunity to be a part of a rapidly growing healthcare hub. The property is ideal for medical practices seeking modern, efficient, and conveniently located office space.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2020
Total area
39,270 SF
Lot
2.52 ac (109,641 SF)
Zoning code
C3
APN
M231-999-0010-02A2
UPID
US83-0012300
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
-
West Texas Pain Institute: Northeast Location Physician
-
Agathe Franck Pediatrician Physician
-
Jorge Aranda Jaimes, MD Physician
-
James Ingram Physician
-
Dr. Fernando Aviles Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.83M
Comparable Approach
Comparable
$5.97M
Blend (final)
Blend
$6.90M
Owner & transaction history
EL PASO MOB LLC
EL PASO MOB LLC
Zoning & alternative use
C3 · El Paso, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Apartment house (5+ units)
$8.8M
+116.8%
Commercial (general)
$5.7M
+40.0%
Restaurant
$5.5M
+36.7%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$8,480,000
6.5%
$7,830,000
7%
$7,270,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$8,800,000
Change: +117% · Conversion: Moderate
COMMERCIAL (GENERAL)
$5,680,000
Change: +40% · Conversion: Easy
RESTAURANT
$5,545,000
Change: +37% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,270,000
Change: +30% · Conversion: Difficult
RETAIL STORES
$4,335,000
Change: +7% · Conversion: Difficult
OFFICE BUILDING
$4,160,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$6.90M
Range $6.21M – $7.59M · ±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
$176 / 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
$192,088
Tax year 2023
Assessed value
$6,600,000
Assessed 2024
Previous assessed
$6,600,000
+0.0% YoY
Effective rate
2.91%
On assessed value
Assessed land
$946,047
Assessed improvement
$5,653,953
Land market value
$946,047
Improvement market value
$5,653,953
Total market value
$6,600,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2020
Heating
YES
Cooling
YES
Stories
1
Total area
39,270 SF
Lot
2.52 ac (109,641 SF)
Zoning code
C3
APN
M231-999-0010-02A2
UPID
US83-0012300
Jurisdiction
EL PASO
Zoning & alternative use
C3 · El Paso, TXZoning 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
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.8M
COMMERCIAL (GENERAL)
Est. value
$5.7M
RESTAURANT
Est. value
$5.5M
AUTO REPAIR, GARAGE
Est. value
$5.3M
RETAIL STORES
Est. value
$4.3M
OFFICE BUILDING
Est. value
$4.2M
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
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
2020
Heating
YES
Cooling
Yes
Stories
1
Lot
2.52 ac
Current owner
From public records · entity-resolved
EL PASO MOB LLC
Entity
Free & Clear · 0 yrs held
Mailing address
10857 KUYKENDAHL RD STE #200, THE WOODLANDS, TX 77382-2936
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 11450 Gtwy N Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
