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Property profile & analytics
FOR SALE
Medical Office Space
12185 New World Dr El Paso, TX 79936
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US82-2808222
For Sale
1 / 58
$3,000,000
12185 New World Dr, El Paso, TX 79936
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2011
Total area
11,757 SF
Lot
0.75 ac (32,714 SF)
Zoning code
C3
APN
Q550-999-0020-3350
UPID
US82-2808222
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
-
Texas Federal Wellness Health & Rehab Physician
-
Dr. Eric Goettsche Dental Office
-
Dr. Shamim Moslemi Dental Office
-
Eric Reid Goettsche Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.44M
Blend (final)
Blend
$1.43M
Owner & transaction history
Pass Mgmt & Consulting LLC · 7 yrs held
Pass Mgmt & Consulting LLC
since 2018
5 recorded transactions
Zoning & alternative use
C3 · El Paso, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.6M
+47.6%
Auto repair, garage
$1.6M
+44.6%
Office building
$1.2M
+14.2%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
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
Blend value · Realmo final
$1.43M
Range $1.28M – $1.57M · ±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
$121 / 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
$85,866
Tax year 2023
Assessed value
$2,982,659
Assessed 2023
Previous assessed
$2,982,659
+0.0% YoY
Effective rate
2.88%
On assessed value
Assessed land
$158,988
Assessed improvement
$2,823,671
Land market value
$158,988
Improvement market value
$2,823,671
Total market value
$2,982,659
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Sale
Year built
2011
Heating
YES
Cooling
YES
Stories
1
Total area
11,757 SF
Lot
0.75 ac (32,714 SF)
Zoning code
C3
APN
Q550-999-0020-3350
UPID
US82-2808222
Jurisdiction
EL PASO
Zoning & alternative use
C3 · El Paso, TX
Zoning C3 · permitted uses
C3 · 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.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.1M
RESTAURANT
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.1M
RETAIL STORES
Est. value
$1.0M
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2011
Heating
YES
Cooling
Yes
Stories
1
Lot
0.75 ac
Current owner
From public records · entity-resolved
Pass Mgmt & Consulting LLC
Entity
Mailing address
1328 CANDY LN, EDINBURG, TX 78539-2652
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2018
—
Pass Mgmt & Consulting LLC
Certitude Realty LLC
Warranty Deed
$1,728,000 · Certitude Realty LLC
Jun 15, 2016
—
Certitude Realty LLC
Zigma Realty LLC
Warranty Deed
$1,827,500 · Plainscapital Bk
Nov 19, 2014
—
Zigma Realty LLC
Weststar Bk
Grant Deed
$1,140,000 · Weststar Bk
Jan 9, 2014
$1,000,000
Weststar Bk
Hutson Michael J
Trustees Deed
related
—
—
—
N W Square LLC
—
Deed Of Trust
related
$797,000 · Accion Texas
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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