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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Industrial properties
117 Overland Ave, El Paso, TX 79901
Entity Owned
Free & Clear
Property ID
US82-3460551
Property summary
AI-generated overview
This remarkable 1916 building, located at 117 W Overland Ave, El Paso, TX 79901, presents a unique investment opportunity. Boasting 30,000 square feet across four stories, this property offers significant potential for redevelopment. Currently zoned C-4, it's ideally situated just behind the Paso Del Norte Hotel, within walking distance of museums and restaurants. The building's interior has been completely gutted, presenting a blank canvas for a creative vision. While requiring a new roof, this substantial structure offers a compelling chance to create a thriving apartment complex, office space, or entertainment venue. The 2024 property taxes were $4,369.76. This property is eligible for city tax credits; further details can be obtained from the City of El Paso. The building's total area, including the basement, is 37,500 square feet. Its prime location and substantial size make it an exceptional investment prospect in a vibrant El Paso location. The property's APN is M473-999-0150-8100. The asking price is $799,000, translating to $26.63 per square foot.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
1916
Construction
CONCRETE BLOCKS
Total area
30,000 SF
Lot
0.17 ac (7,545 SF)
Zoning code
C4
APN
M473-999-0150-8100
UPID
US82-3460551
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
-
Casa De Cocina Building Supply Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$645k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$382k
Blend (final)
Blend
$515k
Owner & transaction history
117 WEST OVERLAND LLC
117 WEST OVERLAND LLC
Zoning & alternative use
C4 · El Paso, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$645,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$17 / 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
$4,370
Tax year 2023
Assessed value
$151,400
Assessed 2023
Previous assessed
$151,400
+0.0% YoY
Effective rate
2.89%
On assessed value
Assessed land
$150,900
Assessed improvement
$500
Land market value
$150,900
Improvement market value
$500
Total market value
$151,400
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
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Status
Off-Market
Year built
1916
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
EVAPORATIVE
Stories
1
Total area
30,000 SF
Lot
0.17 ac (7,545 SF)
Zoning code
C4
APN
M473-999-0150-8100
UPID
US82-3460551
Jurisdiction
EL PASO
Zoning & alternative use
C4 · El Paso, TX
Zoning C4 · permitted uses
C4 · 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.
Building & site characteristics
From public records
Year built
1916
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
117 WEST OVERLAND LLC
Entity
Free & Clear · 0 yrs held
Mailing address
117 W OVERLAND AVE, EL PASO, TX 79901
Mailing matches property
Yes
Owner-occupied
Yes
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.
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