Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    120 Paragon Ln El Paso, TX 79912-6200
    Property profile & analytics

    120 Paragon Ln El Paso, TX 79912-6200

    View on Map
    • Commercial real estate
    • 25,360 SF
    • 2.14 lot acres
    Off-Market
    Property ID
    US82-4815017
    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
    $970,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Aideérial Company / Aerial Sports Center / Aero Dance Class
    • Angels of Care Pediatric Home Health / Home Health Care Service
    • Surfing Penguin / Film Production
    • Esa Construction Inc / Construction Company / General Contractor
    • Stryker Orthopaedics / Medical Clinic

    Property Details for 120 Paragon Ln

    Year built
    1987
    Construction
    WOOD
    Lot size
    2.14 lot acres
    Property size
    25,360 SF
    Zone code
    C3
    Property type
    Commercial real estate
    APN
    M344-999-0300-0400
    APU
    M34499903000400

    Description

    This exceptional professional office complex in El Paso, Texas, presents a remarkable leasing opportunity. Located at 120 Paragon Ln, 79912, this C-3 zoned property, built in 1987, offers a diverse tenant mix, including medical suppliers, a dance studio, and contractors. The available suite, 211-214, spans 4,342 square feet and boasts a fully climate-controlled interior. Previously used as a gym, this versatile space is ideal for a fitness center, open showroom, or open-concept office. The property's exterior has undergone a complete renovation, encompassing building refinishing, updated signage, landscaping enhancements, and improved parking. The suite's size and adaptability make it suitable for a variety of businesses seeking a well-maintained and conveniently located office space in a thriving El Paso community. The property's multiple tenancy structure ensures a vibrant and diverse atmosphere. This is a prime opportunity to secure a prominent location within a recently revitalized complex.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $925,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,012,000
      Market price range: $1.01M - $4.22M

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

    Location Insight

    • Map
    • Local Demand
    City
    El Paso
    County
    El Paso
    State
    Texas
    Longitude
    -106.512
    Latitude
    31.8168
    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
    $29,544
    $382,154
    $685,886
    $1,068,040
    -
    $382,154
    $685,886
    $1,068,040

    Comparable in this City

    • Value Estimation by Request
      0.03 Acres

      Festival Dr

      COMMERCIAL (GENERAL) • 0.03 Acres
      Festival Dr, El Paso, TX 79912
      View Details
    • Value Estimation by Request
      0.28 Acres

      6990 Desert Blvd

      COMMERCIAL (GENERAL) • 0.28 Acres
      6990 Desert Blvd, El Paso, TX 79912-8806
      View Details
    • Value Estimation by Request
      0.04 Acres

      El Paso, TX 79912

      COMMON AREA (COMMERCIAL) • 0.04 Acres
      El Paso, TX 79912
      View Details
    • Value Estimation by Request
      0.03 Acres

      El Paso, TX 79912

      COMMERCIAL (GENERAL) • 0.03 Acres
      El Paso, TX 79912
      View Details
    • Value Estimation
      $790,000
      27,882 SF

      7101 Mesa St

      COMMERCIAL (GENERAL) • 27,882 SF
      7101 Mesa St, El Paso, TX 79912-3613
      View Details
    • Value Estimation
      $685,000
      4,250 SF

      7019 Mesa St

      COMMERCIAL (GENERAL) • 4,250 SF
      7019 Mesa St, El Paso, TX 79912-3648
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,188 SF

      El Paso Retail Property

      Retail property available for sale in El Paso, Texas.
      7722 Paseo Del Norte, El Paso, TX 79912
      View Details
    • $1,957,650
      1.50 Acres

      Prime Commercial Land on I-10

      1.5 acres of commercial land with I-10 frontage.
      343 Thorn Ave, El Paso, TX 79912
      View Details
    • New
      $379,500
      Pending

      Westside Duplex with Solar Panels

      Rare duplex opportunity in the Resler/Belvidere area.
      7244 Royal Arms Dr, El Paso, TX 79912
      View Details
    • Contact for pricing
      2,560 SF

      El Paso Specialty Property

      2560 square foot specialty property in El Paso, Texas.
      154 Festival Dr, El Paso, TX 79912
      View Details
    • $895,000
      0.42 Acres

      West El Paso Office Building

      Professional office building in West El Paso near I-10.
      545 Redd Rd Unit, El Paso, TX 79912
      View Details
    • $280,000
      Pending

      El Paso Land Opportunity

      Residential land for custom dream home in premier El Paso community.
      525 Vin Faro Ln, El Paso, TX 79912
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Medical Office Space Available

      Medical office space for rent on the Westside.
      631 Resler Dr, El Paso, TX 79912
      View Details
    • Contact for pricing

      Commercial Space for Lease

      Commercial space available for lease in El Paso, Texas.
      750 Sunland Park Dr, El Paso, TX 79912
      View Details
    • Contact for pricing
      4,200 SF

      Retail Space Available For Rent

      3390 square feet retail space for rent.
      5825 N Mesa St, El Paso, TX 79912
      View Details
    • Contact for pricing
      800 SF

      Commercial Space Available for Rent

      800 sqft commercial space for rent in El Paso.
      6503 North Mesa St, El Paso, TX 79912
      View Details
    • Contact for pricing

      New Office Warehouse Development

      New construction industrial building for modern distribution and light manufacturing.
      7811 Helen Of Troy Dr, El Paso, TX 79912
      View Details
    • Contact for pricing

      West El Paso Retail Complex

      Mixed-use retail shopping complex in affluent west side El Paso.
      251 Shadow Mountain Dr, El Paso, TX 79912
      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.
    120 Paragon Ln
    El Paso, TX 79912-6200
    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

    Thank You for Inquiry
    120 Paragon Ln, El Paso, TX, 79912
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!