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Property profile & analytics
OFF-MARKET
Estimated value
$905,000
Medical Office Space
1516 Lomaland Dr El Paso, TX 79935-4202
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US82-4782051
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
1981
Total area
7,143 SF
Lot
0.86 ac (37,501 SF)
Zoning code
C2S
APN
V893-999-2610-1700
UPID
US82-4782051
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
-
Frontier Medical Center Physician
-
Dr. Sergio F. Rovner, MD Physician
-
1516 Lomaland Medical Clinic
-
Academy of Diabetes Thyroid Medical Clinic
-
Frontier Medical Center - Dr. Benito Marranzini, MD Dr. Sergio Rovner, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$807k
Blend (final)
Blend
$905k
Owner & transaction history
Maro Properties LLC · 11 yrs held
Maro Properties LLC
since 2015
7 recorded transactions
Zoning & alternative use
C2S · El Paso, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.0M
+55.6%
Auto repair, garage
$960,000
+47.8%
Retail stores
$790,000
+21.7%
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
$650,000
Current use
RESTAURANT
$1,010,000
Change: +56% · Conversion: Difficult
AUTO REPAIR, GARAGE
$960,000
Change: +48% · Conversion: Difficult
RETAIL STORES
$790,000
Change: +22% · Conversion: Difficult
OFFICE BUILDING
$755,000
Change: +17% · Conversion: Easy
Blend value · Realmo final
$905k
Range $815k – $996k · ±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
$127 / 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
$34,532
Tax year 2023
Assessed value
$1,186,489
Assessed 2023
Previous assessed
$1,186,489
+0.0% YoY
Effective rate
2.91%
On assessed value
Assessed land
$232,125
Assessed improvement
$954,364
Land market value
$232,125
Improvement market value
$954,364
Total market value
$1,186,489
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 CLINIC
Status
Off-Market
Year built
1981
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
7,143 SF
Lot
0.86 ac (37,501 SF)
Zoning code
C2S
APN
V893-999-2610-1700
UPID
US82-4782051
Jurisdiction
EL PASO
Zoning & alternative use
C2S · El Paso, TX
Zoning C2S · permitted uses
C2S · 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
MEDICAL BUILDING Current
Est. value
$650,000
RESTAURANT
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$960,000
RETAIL STORES
Est. value
$790,000
OFFICE BUILDING
Est. value
$755,000
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
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
1981
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.86 ac
Current owner
From public records · entity-resolved
Maro Properties LLC
Entity
Mailing address
10525 VIS DEL SOL DR STE #206, EL PASO, TX 79925-7932
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2015
—
Maro Properties LLC
Malooly Robert
Warranty Deed
$480,000 · Weststar Bk
Feb 6, 2013
—
Compass Bk
Vey Fin LLC
Grant Deed
—
Aug 6, 2008
—
Vey Fin LLC
Owner Name Unavailable
Grant Deed
related
—
Dec 7, 2004
—
Real Estate Ptrs Delgado
Q F & V Ltd
Warranty Deed
$335,000 · J P Morgan Chase Bank
Jun 21, 2004
$3,500
Qf & V INC
Nieves,david
Trustees Deed
—
Sep 27, 2002
—
David Nieves
Aramark Educational Resources
Grant Deed
$882,000 · First Savings Bank
—
—
Maro Properties LLC
—
Deed Of Trust
related
$1,296,000 · Weststar Bk
—
—
Sandoval Real Estate Dev LLC
—
Deed Of Trust
related
$936,000 · Vey Finance LLC
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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