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    12185 New World Dr El Paso, TX 79936

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    12185 New World Dr El Paso, TX 79936

    View on Map
    • Medical Office Space
    • 11,757 SF
    • 0.75 lot acres
    For Sale
    $3,000,000
    View Listing →
    El Paso Medical Wellness Building For Sale
    $3,000,000
    11,756 SF

    El Paso Medical Wellness Building

    Modern medical building with therapy clinic and aquatic pool.

    12185 New World Dr, El Paso, TX 79936
    View Listing
    Property ID
    US82-2808222
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Texas Federal Wellness Health & Rehab / Physician
    • Dr. Eric Goettsche / Dental Office
    • Dr. Shamim Moslemi / Dental Office
    • Eric Reid Goettsche / Dental Office

    Property Details for 12185 New World Dr

    Year built
    2011
    Lot size
    0.75 lot acres
    Property size
    11,757 SF
    Zone code
    C3
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    Q550-999-0020-3350
    APU
    Q55099900203350

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,444,000
      Market price range: $775k - $1.44M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,090,000
      Current use
      RESTAURANT
      $1,610,000
      Change: +48% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,580,000
      Change: +45% Conversion: Difficult
      OFFICE BUILDING
      $1,245,000
      Change: +14% Conversion: Easy
      COMMERCIAL (GENERAL)
      $1,110,000
      Change: +2% Conversion: Easy
      RETAIL STORES
      $1,040,000
      Change: -5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    El Paso
    County
    El Paso
    State
    Texas
    Longitude
    -106.269
    Latitude
    31.7546
    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
    $85,866
    $158,988
    $2,823,671
    $2,982,659
    -
    $158,988
    $2,823,671
    $2,982,659

    Comparable in this City

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      21,540 SF

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    • Value Estimation
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      38,368 SF

      Pullman Dr

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      Pullman Dr, El Paso, TX 79936
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    • Value Estimation by Request
      1,664 SF

      3021 Trawood Dr, Unit 1A

      MEDICAL BUILDING • 1,664 SF
      3021 Trawood Dr, El Paso, TX 79936-4330
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    • Value Estimation by Request
      2,345 SF

      11530 Vis Del Sol Dr

      MEDICAL BUILDING • 2,345 SF
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      View Details
    • Value Estimation by Request
      3,948 SF

      11548 Vis Del Sol Dr

      MEDICAL BUILDING • 3,948 SF
      11548 Vis Del Sol Dr, El Paso, TX 79936-5617
      View Details
    • Value Estimation
      $785,000
      11,104 SF

      1440 George Dieter Dr

      MEDICAL CLINIC • 11,104 SF
      1440 George Dieter Dr, El Paso, TX 79936-7601
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,840 SF

      Turn-Key El Paso Surgical Center

      Fully equipped Class A medical facility in premier medical corridor.
      11880 Physicians Dr, El Paso, TX 79936
      View Details
    • $3,000,000
      11,756 SF

      El Paso Medical Wellness Building

      Modern medical building with therapy clinic and aquatic pool.
      12185 New World Dr, El Paso, TX 79936
      View Details
    • $3,200,000
      0.75 Acres

      Equipped Medical Rehab Facility

      Two-story commercial building with specialized features, ideal for medical use.
      12185 New World Dr, 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
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    • $1,250,000
      0.49 Acres

      Exceptional Medical Building For Sale

      Premier medical building in excellent condition with ample parking.
      11621 Pellicano Dr, El Paso, TX 79936
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    • $1,750,000
      19,575 SF

      El Paso Office Warehouse Facility

      Versatile office warehouse in El Paso with ample parking.
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    Similar Nearby for Lease

    • 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
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    • 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
    • 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

      Medical Office Space Available

      Available medical office space in growing medical district.
      1440 George Dieter Dr, El Paso, TX 79936
      View Details
    • $775,000
      40,511 SF

      New Customizable Medical/Office Space

      Raw shell space, customizable for medical or office use.
      1618 Lee Trevino Dr, El Paso, TX 79936
      View Details
    • $2,400 /Mo

      El Paso Office/Medical Space

      2,000 SF office, dental, or medical space for rent.
      1910 Amy Sue Dr, El Paso, TX 79936
      View Details
    View Listing
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    El Paso, TX 79936
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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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