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

    1590 George Dieter Dr El Paso, TX 79936

    • Outlet malls
    • 41,998 SF
    • 3.86 lot acres
    For Lease
    View listing
    Value Estimations
    $1,435,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-4026589
    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

    • Big Lots / Furniture Store / Discount Store

    Property Details for 1590 George Dieter Dr

    Year built
    1985
    Lot size
    3.86 lot acres
    Property size
    41,998 SF
    Zone code
    C1
    Property type
    Outlet malls
    APN
    V893-999-3160-2200
    APU
    V89399931602200

    Description

    This exceptional 0.62-acre commercial land parcel presents a remarkable investment opportunity in El Paso, Texas. Strategically located at 1590 & 1594 George Dieter Dr, zip code 79936, this property boasts a highly desirable C-1 zoning designation, opening doors to a wide array of commercial development possibilities. Its prime location offers unparalleled visibility and accessibility, situated directly adjacent to a McDonald's restaurant on the corner of George Dieter Drive and Vista del Sol. The high traffic counts and dense residential population in the surrounding area ensure significant foot traffic and potential customer base. The property benefits from its proximity to established businesses, including a Big Lots and Goodwill anchor stores, along with a diverse range of other retailers. This location offers excellent potential for a variety of commercial uses, making it an ideal site for businesses seeking high visibility and convenient access to a thriving community. The property's size and zoning make it suitable for a range of developments, from smaller retail spaces to larger commercial buildings. This is a rare opportunity to acquire a prime commercial land parcel in a rapidly growing area of El Paso. Don't miss out on this chance to secure a valuable asset in a highly sought-after location. The property is situated in El Paso County, Texas.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $860,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,004,000
      Market price range: $2.00M - $5.78M

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

    Location Insight

    • Map
    • Local Demand
    City
    El Paso
    County
    El Paso
    State
    Texas
    Longitude
    -106.301
    Latitude
    31.7509
    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
    $49,417
    $1,096,884
    $619,685
    $1,716,569
    -
    $1,096,884
    $619,685
    $1,716,569

    Comparable in this City

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      $4,010,000
      147,393 SF

      11751 Gtwy W Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 147,393 SF
      11751 Gtwy W Blvd, El Paso, TX 79936-7480
      View Details
    • Value Estimation
      $4,675,000
      173,471 SF

      1874 Joe Battle Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 173,471 SF
      1874 Joe Battle Blvd, El Paso, TX 79936-0962
      View Details
    • Value Estimation
      $3,865,000
      142,493 SF

      11360 Pellicano Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 142,493 SF
      11360 Pellicano Dr, El Paso, TX 79936-5904
      View Details
    • Value Estimation
      $685,000
      7,941 SF

      1799 Zaragoza Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 7,941 SF
      1799 Zaragoza Rd, El Paso, TX 79936-7910
      View Details
    • Value Estimation by Request
      7,000 SF

      12239 Pellicano Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 7,000 SF
      12239 Pellicano Dr, El Paso, TX 79936-6284
      View Details
    • Value Estimation by Request
      7,770 SF

      2940 George Dieter Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 7,770 SF
      2940 George Dieter Dr, El Paso, TX 79936-2913
      View Details

    Similar Nearby for Sale

    • $75,000
      9,600 SF

      DIONYSUS WINE CHARCUTERIE

      EASTSIDE BAR BUSINESS FOR SALE
      1475 George Dieter Dr, El Paso, TX 79936
      View Details
    • $2,999,950
      1.24 Acres

      El Paso Commercial Building I-10

      Commercial building on I-10, potential turnkey sale with equipment.
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    • $1,200,000
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      El Paso Retail Opportunity

      Retail property available for sale in El Paso, Texas.
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      View Details
    • Contact for pricing
      27,998 SF

      Lee Trevino Retail Center

      El Paso Retail Space - 28,000 SF
      1490 Lee Trevino Dr, El Paso, TX 79936
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    • Contact for pricing
      27,998 SF

      El Paso Retail Property

      Retail property available for sale in El Paso, Texas.
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    • $928,000
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      Retail Property in El Paso

      Retail property available for sale in El Paso, Texas.
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      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,200 SF

      Neighborhood Shopping Center For Rent

      Neighborhood shopping center with ample parking, signage, and high visibility.
      11335 Montwood Dr, El Paso, TX 79936
      View Details
    • Contact for pricing
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      Neighborhood Shopping Center Retail Space

      Retail space in high-traffic neighborhood shopping center.
      11345 Montwood Dr, El Paso, TX 79936
      View Details
    • $16 SF/Yr
      83,635 SF

      El Paso Retail Space Available

      Highly visible retail space in a bustling shopping center.
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      View Details
    • Contact for pricing
      10,297 SF

      Lee Trevino Retail Center

      El Paso Retail Space Available Now
      1404 Lee Trevino 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

      Vibrant Shopping Center Space

      Prime location near Walmart, ideal for fitness or retail.
      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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