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Property profile & analytics
OFF-MARKET
Estimated value
$3,630,000
Strip malls
12210 Montwood Dr El Paso, TX 79928-1784
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-3783726
Property summary
AI-generated overview
El Paseo Marketplace Building A offers 16,250 square feet of prime retail space in El Paso County, Texas. This single-story building features two suites, with a minimum divisible space of 1,625 square feet and a maximum contiguous space of 3,250 square feet. Currently, 4,550 square feet are vacant, offering excellent opportunities for multiple tenants or a single large occupant. The property is conveniently located near major restaurants and businesses, ensuring high foot traffic and visibility. The address is easily accessible via Joe Battle. Individual suite sizes range from approximately 1,300 to 5,000 square feet, providing flexibility for various business needs. Property taxes are $5 per square foot. This is an exceptional opportunity to establish or expand your retail presence in a thriving commercial area. The building's strategic location and ample space make it an ideal investment for businesses seeking high visibility and strong customer traffic. Don't miss this chance to secure your place in El Paseo Marketplace.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2006
Total area
43,313 SF
Lot
5.87 ac (255,610 SF)
Zoning code
C4C
APN
E361-999-0010-0100
UPID
US82-3783726
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
-
Bitcoin ATM El Paso - Coinhub Atm Currency Exchange Service
-
Big Frog Custom T-Shirts & More Custom T-Shirt Store Embroidery Service
-
Western Union Bank Credit Union
-
Amazon Counter - PostalAnnex 9006 (PUDO) Postal Service Courier Service
-
Shred Nations Recycling Center Waste Management Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.25M
Blend (final)
Blend
$3.63M
Owner & transaction history
Promise Land Holdings LP · 5 yrs held
Promise Land Holdings LP
since 2020
7 recorded transactions
Zoning & alternative use
C4C · El Paso, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.8M
+109.5%
Retail stores
$5.5M
+97.4%
Medical building
$5.1M
+85.4%
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
NEIGHBORHOOD: SHOPPING CENTER
$2,775,000
Current use
AUTO REPAIR, GARAGE
$5,815,000
Change: +109% · Conversion: Difficult
RETAIL STORES
$5,475,000
Change: +97% · Conversion: Easy
MEDICAL BUILDING
$5,145,000
Change: +85% · Conversion: Difficult
OFFICE BUILDING
$4,590,000
Change: +65% · Conversion: Moderate
Blend value · Realmo final
$3.63M
Range $3.27M – $3.99M · ±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
$84 / 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
$106,532
Tax year 2023
Assessed value
$3,700,500
Assessed 2023
Previous assessed
$3,700,500
+0.0% YoY
Effective rate
2.88%
On assessed value
Assessed land
$2,075,553
Assessed improvement
$1,624,947
Land market value
$2,075,553
Improvement market value
$1,624,947
Total market value
$3,700,500
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2006
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
43,313 SF
Lot
5.87 ac (255,610 SF)
Zoning code
C4C
APN
E361-999-0010-0100
UPID
US82-3783726
Jurisdiction
EL PASO
Zoning & alternative use
C4C · El Paso, TX
Zoning C4C · permitted uses
C4C · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.8M
AUTO REPAIR, GARAGE
Est. value
$5.8M
RETAIL STORES
Est. value
$5.5M
MEDICAL BUILDING
Est. value
$5.1M
OFFICE BUILDING
Est. value
$4.6M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
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
2006
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
5.87 ac
Current owner
From public records · entity-resolved
Promise Land Holdings LP
Entity
Free & Clear · 5 yrs held
Mailing address
5678 N MESA ST, EL PASO, TX 79912-5425
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 7, 2020
—
Promise Land Holdings LP
Elaine P Cox
Warranty Deed
related
—
Sep 25, 2020
—
Promise Land Holdings
Donald R Goven
Warranty Deed
related
—
Sep 10, 2019
—
R H Haggerty
Promise Land Hldgs
Grant Deed
related
—
Jan 24, 2019
—
Promise Land Holdings
Terrell,donald L
Warranty Deed
related
—
Aug 3, 2018
—
Promise Land Holdings
Aguirre,felipe & Maria G
Grant Deed
related
—
Dec 27, 2007
—
River Oaks Properties Ltd
River Oaks Properties Ltd
Quit Claim Deed
related
—
—
—
River Oaks El Paseo LLC
—
Deed Of Trust
related
$2,340,000 · Miscellaneous Ins Co
—
—
River Oaks Properties Ltd
—
Deed Of Trust
related
$4,907,500 · Regions Bank
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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