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Property profile & analytics
OFF-MARKET
Estimated value
$1,095,000
Office Spaces
1514 Zaragoza Rd B El Paso, TX 79936-8031
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US83-3359208
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2006
Construction
WOOD
Total area
6,280 SF
Lot
1.04 ac (45,433 SF)
Zoning code
C2
APN
P862-999-00B2-0100
UPID
US83-3359208
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
-
Endless Beauty Aesthetics Spa & Massage Center Alternative Medicine Practice
-
Methodist Childrens Home Social Service Agency Charitable Organization
-
Massage Therapy By Brittney Castro Alternative Medicine Practice Spa & Massage Center
-
Massage By Rebecca Alternative Medicine Practice Spa & Massage Center
-
Jodi R. Chestnut-Gutierrez, LCSW Foster Care Service Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.15M
Comparable Approach
Comparable
$1.05M
Blend (final)
Blend
$1.10M
Owner & transaction history
Geejay Us Holdings Texas LLC · 7 yrs held
Geejay Us Holdings Texas LLC
since 2019
2 recorded transactions
Zoning & alternative use
C2 · El Paso, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.7M
+154.9%
Restaurant
$860,000
+29.2%
Auto repair, garage
$845,000
+26.6%
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%
$1,240,000
6.5%
$1,145,000
7%
$1,065,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$665,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,695,000
Change: +155% · Conversion: Easy
RESTAURANT
$860,000
Change: +29% · Conversion: Moderate
AUTO REPAIR, GARAGE
$845,000
Change: +27% · Conversion: Difficult
Blend value · Realmo final
$1.10M
Range $986k – $1.20M · ±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
$174 / 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
$22,276
Tax year 2023
Assessed value
$773,790
Assessed 2023
Previous assessed
$773,790
+0.0% YoY
Effective rate
2.88%
On assessed value
Assessed land
$137,400
Assessed improvement
$636,390
Land market value
$137,400
Improvement market value
$636,390
Total market value
$773,790
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
2006
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
6,280 SF
Lot
1.04 ac (45,433 SF)
Zoning code
C2
APN
P862-999-00B2-0100
UPID
US83-3359208
Jurisdiction
EL PASO
Zoning & alternative use
C2 · El Paso, TX
Zoning C2 · permitted uses
C2 · 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
OFFICE BUILDING Current
Est. value
$665,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
RESTAURANT
Est. value
$860,000
AUTO REPAIR, GARAGE
Est. value
$845,000
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
AUTO REPAIR, GARAGE
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
2006
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.04 ac
Current owner
From public records · entity-resolved
Geejay Us Holdings Texas LLC
Entity
Mailing address
810 EDDY ST APT #505, SAN FRANCISCO, CA 94109-7709
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2019
—
Geejay Us Holdings Texas LLC
Clay Street Cap INC
Warranty Deed
related
$2,918,275 · Bank 34
Jul 1, 2010
—
Clay Street Cap INC
Purplehawk LP
Warranty 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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