Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    11577 Pellicano Dr El Paso, TX 79936-6041

    • Office buildings
    • 83,504 SF
    • 9.19 lot acres
    OFF-MARKET
    Value Estimations
    $8,420,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3020035
    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

    • Loya Insurance Company / Insurance Agency
    • Fred Loya Insurance / Insurance Agency

    Property Details for 11577 Pellicano Dr

    Year built
    2016
    Lot size
    9.19 lot acres
    Property size
    83,504 SF
    Zone code
    M1
    Property type
    Office buildings
    APN
    V893-999-2990-0100
    APU
    V89399929900100

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $9,183,000
      Market price range: $6.08M - $14.0M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $8,850,000
      Current use
      RESTAURANT
      $11,435,000
      Change: +29% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $11,205,000
      Change: +27% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $7,900,000
      Change: -11% Conversion: Easy
      MEDICAL BUILDING
      $7,750,000
      Change: -12% Conversion: Easy
      RETAIL STORES
      $7,375,000
      Change: -17% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    El Paso
    County
    El Paso
    State
    Texas
    Longitude
    -106.307
    Latitude
    31.7469
    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
    $189,178
    $2,118,885
    $4,381,115
    $6,500,000
    -
    $2,118,885
    $4,381,115
    $6,500,000

    Comparable in this City

    • Value Estimation
      $1,745,000
      15,856 SF

      1340 Adabel Dr

      PROFESSIONAL BUILDING • 15,856 SF
      1340 Adabel Dr, El Paso, TX 79936-6954
      View Details
    • Value Estimation
      $2,945,000
      64,200 SF

      1390 Pullman Dr

      PROFESSIONAL BUILDING • 64,200 SF
      1390 Pullman Dr, El Paso, TX 79936-7725
      View Details
    • Value Estimation
      $2,090,000
      19,237 SF

      1320 Adabel Dr

      PROFESSIONAL BUILDING • 19,237 SF
      1320 Adabel Dr, El Paso, TX 79936-6954
      View Details
    • Value Estimation
      $5,105,000
      51,340 SF

      11950 Don Haskins Dr

      PROFESSIONAL BUILDING • 51,340 SF
      11950 Don Haskins Dr, El Paso, TX 79936-6859
      View Details
    • Value Estimation
      $1,540,000
      30,000 SF

      1570 Lionel Dr

      PROFESSIONAL BUILDING • 30,000 SF
      1570 Lionel Dr, El Paso, TX 79936-5910
      View Details
    • Value Estimation
      $8,260,000
      94,140 SF

      1462 Lionel Dr

      PROFESSIONAL BUILDING • 94,140 SF
      1462 Lionel Dr, El Paso, TX 79936-5924
      View Details

    Similar Nearby for Sale

    • $849,950
      5,000 SF

      New Commercial Flex Office/Warehouse

      Versatile commercial flex property with office and warehouse space.
      3605 Esper Dr, El Paso, TX 79936
      View Details
    • Contact for pricing
      5,200 SF

      Office/Showroom/Warehouse Suites For Sale

      Four combined suites offer versatile commercial condominium space.
      11500 Pellicano Dr, El Paso, TX 79936
      View Details
    • New
      $795,000
      0.43 Acres

      El Paso Commercial Opportunity

      Versatile C4-zoned property in a desirable El Paso location.
      11986 Roseann Ct, El Paso, TX 79936
      View Details
    • Contact for pricing
      4,200 SF

      El Paso Office Space Available

      Office space available for sale in El Paso, Texas.
      1351 N Zaragoza Rd, El Paso, TX 79936
      View Details
    • $775,000
      12,140 SF

      New Customizable Medical/Office Space

      Raw shell space suitable for medical or office use.
      1618 Lee Trevino Dr, El Paso, TX 79936
      View Details
    • $730,000
      0.50 Acres

      Eastside Office Suites For Sale

      Eastside office building with high-performance suites near Loop 375.
      12110 Freight Ln, El Paso, TX 79936
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Multi-Tenant Office Building For Rent

      Multi-tenant office building near Del Sol Medical Center.
      2400 Trawood Dr, El Paso, TX 79936
      View Details
    • $750 /Mo
      112,820 SF

      East El Paso Office Suites

      All-inclusive, furnished office suites for lease in East El Paso.
      11860 Vista Del Sol Dr, El Paso, TX 79936
      View Details
    • Contact for pricing

      El Paso Retail/Medical Spaces

      Shopping center with retail and medical spaces available for lease.
      1816 N Zaragoza Rd, El Paso, TX 79936
      View Details
    • Contact for pricing

      Office Space on George Dieter

      Office-ready space available for rent on George Dieter.
      1495 George Dieter Dr, El Paso, TX 79936
      View Details
    • Contact for pricing

      Office, Dental, or Medical Space

      2,000 SF space for office, dental, or medical use.
      1910 Amy Sue Dr, El Paso, TX 79936
      View Details
    • Contact for pricing

      Office Space in El Paso

      Office space for rent in a populated El Paso location.
      3100 Lee Trevino Dr, El Paso, TX 79936
      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.
    11577 Pellicano Dr
    El Paso, TX 79936-6041
    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!