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Property profile & analytics
FOR LEASE
Strip malls
1320 N Zaragoza Rd El Paso, TX 79936
Entity Owned
14-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-1509823
For Lease
1 / 8
$1,250,000
1320 N Zaragoza Rd, El Paso, TX 79936
View Listing →
Property summary
AI-generated overview
Desert Passage offers a prime retail opportunity in El Paso County. This single-story, 32,570 square foot shopping center boasts a highly visible location off I-10, ensuring high-volume traffic. Currently, 1,200 square feet of retail space is available, ideal for a restaurant or apparel business. The minimum divisible space is 1,200 square feet, with a maximum contiguous space also at 1,200 square feet. The entire building comprises a single suite, offering a unique opportunity for a single tenant or a smaller business looking for a standalone location. The property is situated near Rojas Dr, providing excellent accessibility. Annual property taxes are $7.02 per square foot. This is an exceptional chance to establish a presence in a thriving retail area with significant foot traffic and convenient highway access. The available space is ready for immediate occupancy. Don't miss this chance to secure a prominent location in a busy shopping center.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2001
Total area
29,460 SF
Lot
2.86 ac (124,364 SF)
Zoning code
C4
APN
V893-999-340B-0350
UPID
US82-1509823
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
-
Budget Car Rental Car Rental Facility
-
New Generations Barber Shop Barber Shop
-
Skinny’s BBQ Restaurant
-
Western Union Bank Credit Union
-
MoneyGram Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$860k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.64M
Blend (final)
Blend
$1.25M
Owner & transaction history
East West Central LLC · 14 yrs held
East West Central LLC
since 2011
5 recorded transactions
Zoning & alternative use
C4 · El Paso, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$860,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,550,000
Current use
Blend value · Realmo final
$1.25M
Range $1.13M – $1.38M · ±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
$42 / 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
$68,133
Tax year 2023
Assessed value
$2,803,000
Assessed 2023
Previous assessed
$2,803,000
+0.0% YoY
Effective rate
2.43%
On assessed value
Assessed land
$1,481,121
Assessed improvement
$1,321,879
Land market value
$1,481,121
Improvement market value
$1,321,879
Total market value
$2,803,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2001
Heating
YES
Cooling
YES
Stories
1
Total area
29,460 SF
Lot
2.86 ac (124,364 SF)
Zoning code
C4
APN
V893-999-340B-0350
UPID
US82-1509823
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER Current
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
2001
Heating
YES
Cooling
Yes
Stories
1
Lot
2.86 ac
Current owner
From public records · entity-resolved
East West Central LLC
Entity
Free & Clear · 14 yrs held
Mailing address
5678 N MESA ST, EL PASO, TX 79912-5425
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
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
Dec 28, 2011
—
East West Central LLC
East West Central LLC
Quit Claim Deed
related
—
Feb 25, 2011
—
East West Central LLC
Malooly Gilbert & G Trust
Grant Deed
related
—
Aug 25, 2010
—
Zaragoza Investments LLC
James A Dick Group LP
Grant Deed
related
—
Aug 20, 2010
—
Zaragoza Investments LLC
James A Dick Group LP
Warranty Deed
related
—
Jul 3, 2008
—
River Oaks Properties Ltd
River Oaks Properties Ltd
Quit Claim 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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