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Property profile & analytics
OFF-MARKET
Estimated value
$805,000
Commercial real estate
1302 Gail Borden Pl El Paso, TX 79935-5301
Trust Owned
5-yr Hold
Free & Clear
Property ID
US82-3468714
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1978
Total area
14,747 SF
Lot
3.15 ac (137,258 SF)
Zoning code
C4
APN
V893-999-127A-6000
UPID
US82-3468714
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
-
JPS Customs Auto Repair Shop
-
Alano Club Charitable Organization Social Service Agency
-
SC Auto Detail Car Wash
-
RJ'S ROOFING & CONSTRUCTION INC Roofing Company General Contractor
-
EP Detail Plug Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$720k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$891k
Blend (final)
Blend
$805k
Owner & transaction history
Memisi Inv LLC Trust · 5 yrs held
Memisi Inv LLC Trust
since 2021
7 recorded transactions
Zoning & alternative use
C4 · El Paso, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.3M
+67.5%
Neighborhood: shopping center
$945,000
+18.2%
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
$720,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$800,000
Current use
MEDICAL BUILDING
$1,340,000
Change: +68% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$945,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$805k
Range $725k – $886k · ±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
$55 / 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
$39,246
Tax year 2023
Assessed value
$1,550,000
Assessed 2023
Previous assessed
$1,550,000
+0.0% YoY
Effective rate
2.53%
On assessed value
Assessed land
$377,458
Assessed improvement
$1,172,542
Land market value
$377,458
Improvement market value
$1,172,542
Total market value
$1,550,000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1978
Heating
FORCED AIR
Cooling
YES
Buildings
3
Stories
1
Total area
14,747 SF
Lot
3.15 ac (137,258 SF)
Zoning code
C4
APN
V893-999-127A-6000
UPID
US82-3468714
Jurisdiction
EL PASO
Zoning & alternative use
C4 · El Paso, TX
Zoning C4 · permitted uses
C4 · 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
COMMERCIAL (GENERAL) Current
Est. value
$800,000
MEDICAL BUILDING
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$945,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1978
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Lot
3.15 ac
Current owner
From public records · entity-resolved
Memisi Inv LLC Trust
Trust
Free & Clear · 5 yrs held
Mailing address
1302 GAIL BORDEN PL, EL PASO, TX 79935-5301
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 8, 2023
—
Memisi Investments LLC
—
Deed
related
$400,000 · City Bank
Jan 4, 2021
—
Memisi Inv LLC Trust
Ep Temp Line INC
Grant Deed
related
—
Aug 10, 2020
—
Ep Temp Lines INC
Memisi Investments LLC
Grant Deed
$385,795 · United Bk/el Paso Del Norte
Nov 6, 2017
—
Memisi Investments LLC
—
Deed
related
$187,000 · United Bk/el Paso Del Norte
Nov 2, 2017
—
Memisi Investments LLC
—
Deed
related
$400,000 · United Bk/el Paso Del Norte
May 17, 2012
—
Memisi Investments LLC
Francis Fluorescent Signs INC
Warranty Deed
$210,763 · First Savings Bank
—
—
Francis Fluorescent Signs INC
—
Deed Of Trust
related
—
—
—
Memisi Investments LLC
—
Deed Of Trust
related
$187,000 · United Bk/el Paso Del Norte
—
—
Memisi Investments LLC
—
Loan Modification
related
$400,000 · United Bk/el Paso Del Norte
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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