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    1404 Lee Trevino Dr El Paso, TX 79936

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    1404 Lee Trevino Dr El Paso, TX 79936

    View on Map
    • Strip malls
    • 10,140 SF
    • 0.96 lot acres
    For Lease
    $580,000
    View Listing →
    Retail Space For Lease For Lease
    $580,000

    Retail Space For Lease

    Retail space available for lease in El Paso, Texas.

    1404 Lee Trevino Dr, El Paso, TX 79936
    View Listing
    Property ID
    US82-8575174
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $580,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • FedEx Office Print & Ship Center / Courier Service / Postal Service
    • Rush My Passport / Travel Agency
    • FedEx Drop Box / Postal Service / Courier Service
    • Spectrum Credit Union - El Paso Branch / Credit Union

    Property Details for 1404 Lee Trevino Dr

    Year built
    2022
    Construction
    WOOD
    Lot size
    0.96 lot acres
    Property size
    10,140 SF
    Zone code
    C4
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    V893-999-1590-0100
    APU
    V89399915900100

    Description

    This exceptional retail opportunity is located at 1404 Lee Trevino Drive in El Paso, Texas, within the desirable 79936 zip code. The property is a strip center with a total of 10,297 square feet, offering multiple tenancy options. Currently, there are 3,600 square feet of vacant space available, perfectly suited for a variety of retail businesses. Spaces can be leased individually, with a minimum divisible space of 1,200 square feet and a maximum contiguous space of 3,600 square feet. The property is zoned C-4, providing flexibility for a range of commercial uses. Its prime location in El Paso County offers excellent visibility and accessibility for customers. This is an ideal investment for businesses seeking a well-maintained retail space in a thriving area of El Paso. The property's convenient layout and ample space make it an attractive option for both established businesses looking to expand and new ventures seeking a strong foothold in the market. The available space presents a unique chance to establish a presence in a high-traffic area with significant potential for growth. Contact us today to learn more about this exciting opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $630,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $531,000
      Market price range: $397k - $663k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $535,000
      Current use
      COMMERCIAL (GENERAL)
      $960,000
      Change: +80% Conversion: Easy
      MEDICAL BUILDING
      $940,000
      Change: +77% Conversion: Difficult
      RETAIL STORES
      $895,000
      Change: +68% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    El Paso
    County
    El Paso
    State
    Texas
    Longitude
    -106.319
    Latitude
    31.7455
    CBSA code
    21340
    CBSA name
    EL PASO, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $26,485
    $589,932
    $320,068
    $910,000
    -
    $589,932
    $320,068
    $910,000

    Comparable in this City

    • Value Estimation
      $875,000
      17,694 SF

      1330 Lee Trevino Dr

      SHOPPING CENTER, STRIP CENTER • 17,694 SF
      1330 Lee Trevino Dr, El Paso, TX 79936-6417
      View Details
    • Value Estimation
      $580,000
      9,600 SF

      El Paso, TX 79936

      SHOPPING CENTER, STRIP CENTER • 9,600 SF
      El Paso, TX 79936
      View Details
    • Value Estimation
      $520,000
      10,640 SF

      11570 Pellicano Dr

      SHOPPING CENTER, STRIP CENTER • 10,640 SF
      11570 Pellicano Dr, El Paso, TX 79936-6050
      View Details
    • Value Estimation by Request
      8,662 SF

      1540 Pendale Rd

      SHOPPING CENTER, STRIP CENTER • 8,662 SF
      1540 Pendale Rd, El Paso, TX 79936-6607
      View Details
    • Value Estimation by Request
      2,225 SF

      10940 Montana Ave

      SHOPPING CENTER, STRIP CENTER • 2,225 SF
      10940 Montana Ave, El Paso, TX 79936-1068
      View Details
    • Value Estimation
      $2,115,000
      72,585 SF

      11240 Montwood Dr

      SHOPPING CENTER, STRIP CENTER • 72,585 SF
      11240 Montwood Dr, El Paso, TX 79936-4249
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,000 SF

      Retail Space Near Fort Bliss

      Retail property near Fort Bliss and residential areas.
      12020 Montana Ave, El Paso, TX 79936
      View Details
    • Contact for pricing
      4,762 SF

      Retail Property in El Paso

      Retail property with 4762 square feet available for sale.
      12111 Montwood Dr, El Paso, TX 79936
      View Details
    • Contact for pricing
      58,000 SF

      Retail Property in El Paso

      Retail property available for sale in El Paso, Texas.
      11231 Les Peterson Ln, El Paso, TX 79936
      View Details
    • Contact for pricing
      2,824 SF

      Retail Property on Lee Trevino

      Retail property available for sale on N Lee Trevino.
      1420 N Lee Trevino Dr, El Paso, TX 79936
      View Details
    • $99,999
      0.13 Acres

      El Paso Commercial Opportunity

      Turn-key business with established repeat customers and seller financing.
      1360 Lee Trevino Dr, El Paso, TX 79936
      View Details
    • Contact for pricing
      5,200 SF

      Office/Showroom/Warehouse Suites For Sale

      Four combined suites offer versatile commercial condominium space.
      11500 Pellicano Dr, El Paso, TX 79936
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      El Paso Retail/Medical Spaces

      Shopping center with retail and medical spaces available for lease.
      1816 N Zaragoza Rd, El Paso, TX 79936
      View Details
    • Contact for pricing

      East El Paso Retail Plaza

      Retail shopping complex in El Paso's booming east side.
      1475 George Dieter Dr, El Paso, TX 79936
      View Details
    • Contact for pricing

      Retail Space in El Paso

      Shopping center space available for lease in El Paso, Texas.
      1605 George Dieter Dr, El Paso, TX 79936
      View Details
    • $26 SF/Yr
      1,250 SF

      Retail Space Near Joe Battle

      Retail space for lease in new shopping center development.
      1350 Joe Battle Blvd, El Paso, TX 79936
      View Details
    • $16 SF/Yr
      83,635 SF

      Retail Space Near Walmart

      Prime commercial space in a high-traffic El Paso location.
      3330 Saul Kleinfeld Dr, El Paso, TX 79936
      View Details
    • $16 SF/Yr
      83,635 SF

      El Paso Shopping Center Space

      Vibrant shopping center space near Walmart and major routes.
      3330 Saul Kleinfeld Dr, El Paso, TX 79936
      View Details
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    El Paso, TX 79936
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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