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

    120 Redd Rd El Paso, TX 79932-1586

    • Strip malls
    • 9,600 SF
    • 0.92 lot acres
    OFF-MARKET
    Value Estimations
    $610,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4824066
    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

    • Cherokee Driving School / Driving School
    • Sun City Insurance Group / Insurance Agency / Auto Insurance Agency
    • Smooth Fades Barber Studio 2 / Barber Shop
    • SUPREME Smoke shop / Smoke Shop
    • Hair by Kimberly lara / Hairdresser

    Property Details for 120 Redd Rd

    Year built
    2005
    Lot size
    0.92 lot acres
    Property size
    9,600 SF
    Zone code
    C4S
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    R300-999-0010-0200
    APU
    R30099900100200

    Description

    Redd Road Plaza, located at 120 Redd Rd, El Paso, TX 79932, offers a prime retail opportunity. This 9,600 square foot center features eight individual suites, with two currently available. The property boasts a highly desirable C-4 SC zoning classification, making it suitable for a variety of retail uses. Its strategic location on Redd Road, just off Doniphan Drive in the Upper Valley, ensures high visibility and accessibility. The plaza benefits from significant vehicular traffic throughout the day, including evenings and weekends, providing excellent exposure to potential customers. Its proximity to Interstate 10, Artcraft Road, and North Mesa Street further enhances its convenience and accessibility. The available spaces offer a combined 1,200 square feet, presenting a flexible layout adaptable to various retail businesses. This well-situated retail center provides a strong foundation for success in a vibrant El Paso market. The property is ideal for businesses seeking high visibility and convenient access to major thoroughfares and residential areas. Serious inquiries are encouraged to explore this exceptional retail investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $495,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $728,000
      Market price range: $408k - $843k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $615,000
      Current use
      MEDICAL BUILDING
      $990,000
      Change: +61% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    El Paso
    County
    El Paso
    State
    Texas
    Longitude
    -106.586
    Latitude
    31.8602
    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
    $22,926
    $286,933
    $541,854
    $828,787
    -
    $286,933
    $541,854
    $828,787

    Comparable in this City

    • Value Estimation
      $580,000
      13,280 SF

      5888 Doniphan Dr

      SHOPPING CENTER, STRIP CENTER • 13,280 SF
      5888 Doniphan Dr, El Paso, TX 79932-1334
      View Details
    • Value Estimation
      $1,105,000
      16,768 SF

      7930 Mesa St

      SHOPPING CENTER, STRIP CENTER • 16,768 SF
      7930 Mesa St, El Paso, TX 79932-1650
      View Details
    • Value Estimation
      $540,000
      6,300 SF

      7930 Mesa St

      SHOPPING CENTER, STRIP CENTER • 6,300 SF
      7930 Mesa St, El Paso, TX 79932-1650
      View Details
    • Value Estimation
      $600,000
      12,446 SF

      5070 Doniphan Dr

      SHOPPING CENTER, STRIP CENTER • 12,446 SF
      5070 Doniphan Dr, El Paso, TX 79932-1983
      View Details
    • Value Estimation by Request
      5,586 SF

      7845 Mesa St

      SHOPPING CENTER, STRIP CENTER • 5,586 SF
      7845 Mesa St, El Paso, TX 79932-1623
      View Details
    • Value Estimation
      $1,735,000
      38,985 SF

      6601 Desert Blvd

      SHOPPING CENTER, STRIP CENTER • 38,985 SF
      6601 Desert Blvd, El Paso, TX 79932-8519
      View Details

    Similar Nearby for Sale

    • $788,888
      0.74 Acres

      Freestanding Property on Doniphan Drive

      Versatile building with high visibility in a high-growth corridor.
      5824 Doniphan Dr, El Paso, TX 79932
      View Details
    • New
      $1,600,000
      1,081 SF

      El Paso Commercial Real Estate

      Prime commercial real estate with tenant in El Paso's upper valley.
      5200 Doniphan Dr, El Paso, TX 79932
      View Details
    • Contact for pricing

      Transmountain Retail Pad Site Investment

      Prime El Paso retail land, high traffic area.
      0 Woodrow Bean Transmountain Dr, Canutillo, TX 79932
      View Details
    • $475,000
      0.27 Acres

      Commercial Property in El Paso, TX

      Well-maintained commercial property suitable for various business ventures.
      6384 Doniphan Dr, El Paso, TX 79932
      View Details
    • New
      $1,875,000
      1.71 Acres

      El Paso Commercial Land Parcel

      Commercial land parcel near I-10, ideal for various uses.
      7955 Artcraft Rd, El Paso, TX 79932
      View Details
    • Contact for pricing

      El Paso Commercial Land - I-10 Access

      Prime 2.5-Acre Commercial Lot, I-10 Access
      0 Woodrow Bean Transmountain Dr, El Paso, TX 79932
      View Details

    Similar Nearby for Lease

    • $2,500,000
      40,075 SF

      New Retail Space in El Paso

      New retail suites available in high-traffic El Paso location.
      5888 Doniphan Dr, El Paso, TX 79932
      View Details
    • Contact for pricing
      975 SF

      Mesa Plaza Retail Space Available

      El Paso Retail Center, 1 Suite, 975 sq ft
      7930 Mesa St, El Paso, TX 79932
      View Details
    • Contact for pricing
      18,700 SF

      Ventura Center: Flexible Commercial Space

      Modern, versatile office & warehouse space.
      5044 Doniphan Dr, El Paso, TX 79932
      View Details
    • Contact for pricing
      3,000 SF

      Doniphan Plaza Retail Space

      El Paso retail space, prime location.
      5500 Doniphan Dr, El Paso, TX 79932
      View Details
    • Contact for pricing
      114,000 SF

      Paseo Del Norte Plaza Office Space

      El Paso, TX Office Building - 114,000 SF
      6351 Desert Blvd, El Paso, TX 79932
      View Details
    • $25 SF/Yr
      1,136 SF

      Retail Space Available For Rent

      Retail space available for lease in El Paso, Texas.
      5616 Doniphan Dr, El Paso, TX 79932
      View Details
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    120 Redd Rd
    El Paso, TX 79932-1586
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    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
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