Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,615,000
Medical Office Space
1387 George Dieter Dr El Paso, TX 79936-7410
Entity Owned
Free & Clear
Property ID
US82-9028139
Property summary
AI-generated overview
This exceptional 2,829-square-foot medical office space, located in Building D, Suite 103, is ideally situated on George Dieter Drive between Rojas and Pellicano Drives, offering convenient access to I-10. The property boasts a prime Eastside location within a thriving retail and business center, making it an excellent choice for medical or professional practices. Available for lease starting October 1, 2024, this single-tenant space features a well-designed layout including 10 exam rooms, a dedicated nurse station, a reception area, and three bathrooms. The $4,699 monthly rent is a Net-Net-Net (NNN) lease. This property presents a fantastic opportunity for businesses seeking a move-in ready, high-visibility location in a bustling commercial area of El Paso County. The suite's size and amenities are perfectly suited for a variety of medical or professional office uses, providing ample space for patient care, administrative functions, and staff support. Its central location ensures high visibility and easy accessibility for clients and employees alike. This is a rare opportunity to secure a well-appointed office space in a desirable location.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2018
Total area
14,630 SF
Lot
1.36 ac (59,329 SF)
APN
V894-999-022A-2895
UPID
US82-9028139
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
-
Sign Bros (Bike/Boat/Book/etc) Store Printing Service
-
Vision Associates of El Paso (Bike/Boat/Book/etc) Store
-
Dr. Sandra Shults Pediatrician Physician
-
El Paso Integrated Physicians Group, Medical Clinic
-
Realtor Claudia Morin Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.52M
Blend (final)
Blend
$1.62M
Owner & transaction history
ALEXIS APARTMENTS LLC
ALEXIS APARTMENTS LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.0M
+47.6%
Auto repair, garage
$2.0M
+44.6%
Office building
$1.6M
+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
$1,360,000
Current use
RESTAURANT
$2,005,000
Change: +48% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,965,000
Change: +45% · Conversion: Difficult
OFFICE BUILDING
$1,550,000
Change: +14% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,385,000
Change: +2% · Conversion: Easy
RETAIL STORES
$1,290,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$1.62M
Range $1.45M – $1.78M · ±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
$110 / 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
$69,850
Tax year 2023
Assessed value
$2,400,000
Assessed 2024
Previous assessed
$2,400,000
+0.0% YoY
Effective rate
2.91%
On assessed value
Assessed land
$475,258
Assessed improvement
$1,924,742
Land market value
$475,258
Improvement market value
$1,924,742
Total market value
$2,400,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2018
Total area
14,630 SF
Lot
1.36 ac (59,329 SF)
APN
V894-999-022A-2895
UPID
US82-9028139
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
MEDICAL BUILDING Current
Est. value
$1.4M
RESTAURANT
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.4M
RETAIL STORES
Est. value
$1.3M
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
2018
Lot
1.36 ac
Current owner
From public records · entity-resolved
ALEXIS APARTMENTS LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 5019, LAS CRUCES, NM 88003-5019
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1387 George Dieter Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
