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Property profile & analytics
OFF-MARKET
Estimated value
$14,555,000
Office buildings
1575 Resler Dr El Paso, TX 79912-8002
Entity Owned
9-yr Hold
Free & Clear
Property ID
US82-1686731
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2000
Total area
93,257 SF
Lot
8.28 ac (360,720 SF)
Zoning code
C4S
APN
P871-999-0010-0100
UPID
US82-1686731
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
-
Tu Cao Medical Clinic
-
Adrian Casillas, MD Physician Medical Clinic
-
Maria De Benedetti Zunino, MD Physician
-
Center of the Heart Hospital
-
Barry Cromer Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$17.01M
Comparable Approach
Comparable
$12.11M
Blend (final)
Blend
$14.56M
Owner & transaction history
Plexxar 1575 LP · 9 yrs held
Plexxar 1575 LP
since 2017
5 recorded transactions
Zoning & alternative use
C4S · El Paso, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$18,420,000
6.5%
$17,005,000
7%
$15,790,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$18,305,000
Current use
APARTMENT HOUSE (5+ UNITS)
$18,255,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$14.56M
Range $13.10M – $16.01M · ±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
$156 / 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
$175,603
Tax year 2023
Assessed value
$6,294,848
Assessed 2023
Previous assessed
$6,294,848
+0.0% YoY
Effective rate
2.79%
On assessed value
Assessed land
$862,122
Assessed improvement
$5,432,726
Land market value
$862,122
Improvement market value
$5,432,726
Total market value
$6,294,848
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 buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
2000
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
93,257 SF
Lot
8.28 ac (360,720 SF)
Zoning code
C4S
APN
P871-999-0010-0100
UPID
US82-1686731
Jurisdiction
EL PASO
Zoning & alternative use
C4S · El Paso, TX
Zoning C4S · permitted uses
C4S · 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
$18.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$18.3M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
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
2000
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
8.28 ac
Current owner
From public records · entity-resolved
Plexxar 1575 LP
Entity
Free & Clear · 9 yrs held
Mailing address
1865 NORTHWESTERN DR, EL PASO, TX 79912-1123
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2019
—
Plexxar 1575 LP
—
Deed
related
$8,500,000 · Miscellaneous Ins Co
Mar 30, 2017
—
Plexxar 1575 LP
1575 North Rosier Dr LLC
Quit Claim Deed
related
—
Oct 11, 2016
—
1575 North Resler Drive LLC
Cdc El Paso LLC
Warranty Deed
related
—
Mar 12, 2010
—
Cdc El Paso LLC
Swb Lr Ltd
Grant Deed
related
—
—
—
Plexxar 1575 LP
—
Deed Of Trust
related
$8,500,000 · Miscellaneous Ins Co
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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