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Property profile & analytics
OFF-MARKET
Estimated value
$19,040,000
Showrooms
12230 Paseo Del Este Dr Horizon City, TX 79928-3715
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US83-0018152
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2021
Total area
141,760 SF
Lot
8.24 ac (358,934 SF)
APN
A523-999-0060-0164
UPID
US83-0018152
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$20.38M
Comparable Approach
Comparable
$17.70M
Blend (final)
Blend
$19.04M
Owner & transaction history
Dogwood Holdings II Propco Tx LLC
Dogwood Holdings II Propco Tx LLC
since 2025
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$24.5M
+18.7%
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 Horizon City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Horizon City 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%
$22,080,000
6.5%
$20,380,000
7%
$18,925,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$20,660,000
Current use
RESTAURANT
$24,530,000
Change: +19% · Conversion: Difficult
AUTO REPAIR, GARAGE
$19,025,000
Change: -8% · Conversion: Difficult
RETAIL STORES
$17,925,000
Change: -13% · Conversion: Easy
MEDICAL BUILDING
$16,835,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$19.04M
Range $17.14M – $20.94M · ±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
$134 / 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
$166,071
Tax year 2023
Assessed value
$12,082,320
Assessed 2024
Previous assessed
$5,768,657
+109.4% YoY
Effective rate
1.37%
On assessed value
Assessed land
$818,370
Assessed improvement
$11,263,950
Land market value
$818,370
Improvement market value
$11,263,950
Total market value
$12,082,320
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
2021
Heating
SPACE
Total area
141,760 SF
Lot
8.24 ac (358,934 SF)
APN
A523-999-0060-0164
UPID
US83-0018152
Jurisdiction
EL PASO
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$20.7M
RESTAURANT
Est. value
$24.5M
AUTO REPAIR, GARAGE
Est. value
$19.0M
RETAIL STORES
Est. value
$17.9M
MEDICAL BUILDING
Est. value
$16.8M
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL 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
2021
Heating
SPACE
Lot
8.24 ac
Current owner
From public records · entity-resolved
Dogwood Holdings II Propco Tx LLC
Entity
Mailing address
301 COMMERCE ST STE #3300, FORT WORTH, TX 76102-4133
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 21, 2025
—
Dogwood Holdings II Propco Tx LLC
—
Deed
related
$407,500,000 · Bank Of America NA
Aug 8, 2023
—
Dogwood Holdings II Propco Tx LLC
—
Deed
related
—
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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