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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1502 Zaragoza Rd El Paso, TX 79936-7905

    • Medical offices
    • 10,175 SF
    • 0.94 lot acres
    OFF-MARKET
    Value Estimations
    $1,210,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2872114
    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.

    Current Use by Public Records

    • Dr. Ken Handy / Dental Office
    • Stuart Davis Noble / Dental Office
    • Seth Austin Culler / Dental Office
    • Geoffrey Cornell Koelling / Dental Office
    • Dr. Aaron Kamp / Dental Office

    Property Details for 1502 Zaragoza Rd

    Year built
    2008
    Construction
    WOOD
    Lot size
    0.94 lot acres
    Property size
    10,175 SF
    Zone code
    C4
    Property type
    Medical offices
    Property subtype
    Medical space
    APN
    P861-999-0010-0100
    APU
    P86199900100100

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,249,000
      Market price range: $671k - $1.25M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $945,000
      Current use
      RESTAURANT
      $1,395,000
      Change: +48% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,365,000
      Change: +45% Conversion: Difficult
      OFFICE BUILDING
      $1,080,000
      Change: +14% Conversion: Easy
      COMMERCIAL (GENERAL)
      $965,000
      Change: +2% Conversion: Easy
      RETAIL STORES
      $900,000
      Change: -5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    El Paso
    County
    El Paso
    State
    Texas
    Longitude
    -106.291
    Latitude
    31.7384
    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
    $64,983
    $570,837
    $1,686,441
    $2,257,278
    -
    $570,837
    $1,686,441
    $2,257,278

    Comparable in this City

    • Value Estimation
      $2,130,000
      21,540 SF

      12245 Pne Spgs Dr

      MEDICAL BUILDING • 21,540 SF
      12245 Pne Spgs Dr, El Paso, TX 79936-7828
      View Details
    • Value Estimation
      $1,745,000
      38,368 SF

      Pullman Dr

      MEDICAL BUILDING • 38,368 SF
      Pullman Dr, El Paso, TX 79936
      View Details
    • Value Estimation by Request
      1,664 SF

      3021 Trawood Dr, Unit 1A

      MEDICAL BUILDING • 1,664 SF
      3021 Trawood Dr, El Paso, TX 79936-4330
      View Details
    • Value Estimation by Request
      2,345 SF

      11530 Vis Del Sol Dr

      MEDICAL BUILDING • 2,345 SF
      11530 Vis Del Sol Dr, El Paso, TX 79936-5320
      View Details
    • Value Estimation by Request
      3,948 SF

      11548 Vis Del Sol Dr

      MEDICAL BUILDING • 3,948 SF
      11548 Vis Del Sol Dr, El Paso, TX 79936-5617
      View Details
    • Value Estimation
      $785,000
      11,104 SF

      1440 George Dieter Dr

      MEDICAL CLINIC • 11,104 SF
      1440 George Dieter Dr, El Paso, TX 79936-7601
      View Details

    Similar Nearby for Sale

    • $775,000
      0.93 Acres

      New Medical/Office Shell Space

      New 2,848 SF customizable medical/office space for sale.
      1618 Lee Trevino Dr, El Paso, TX 79936
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    • $3,000,000
      0.75 Acres

      El Paso Medical Wellness Building

      Modern medical building in a rapidly growing El Paso corridor.
      12185 New World Dr, El Paso, TX 79936
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    • $3,200,000
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      Equipped Medical Rehab Facility

      Two-story commercial building with specialized features, ideal for medical use.
      12185 New World Dr, El Paso, TX 79936
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    • $730,000
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      Eastside Office Suites For Sale

      Eastside office building with high-performance suites near Loop 375.
      12110 Freight Ln, El Paso, TX 79936
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    • $895,000
      5,200 SF

      El Paso Office Complex: 5,200 SF

      Prime El Paso office space, ideal for creative or traditional businesses.
      11500 Pellicano Dr, El Paso, TX 79936
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    • Contact for pricing
      4,200 SF

      El Paso Office Space Available

      Office space available for sale in El Paso, Texas.
      1351 N Zaragoza Rd, El Paso, TX 79936
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      75,484 SF

      El Paso Medical Office Building

      75,484 SF Medical Office Space Available
      3100 Lee Trevino Dr, El Paso, TX 79936
      View Details
    • Contact for pricing
      80,792 SF

      El Paso Medical Office Building

      Prime Medical Space Available in El Paso, TX
      2400 Trawood Dr, El Paso, TX 79936
      View Details
    • $4,000 /Mo
      16,117 SF

      East El Paso Commercial Space

      Accessible commercial space on El Paso's east side.
      11615 Pellicano Dr, El Paso, TX 79936
      View Details
    • Contact for pricing
      2,226 SF

      Medical Office Space Available

      Available medical office space in growing medical district.
      1440 George Dieter Dr, El Paso, TX 79936
      View Details
    • $2,400 /Mo

      El Paso Office/Medical Space

      2,000 SF office, dental, or medical space for rent.
      1910 Amy Sue Dr, El Paso, TX 79936
      View Details
    • Contact for pricing
      17,100 SF

      Zaraplex Retail & Office Spaces

      El Paso, TX: Multiple Units Available
      1700 Zaragoza Rd, El Paso, TX 79936
      View Details
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    1502 Zaragoza Rd
    El Paso, TX 79936-7905
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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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