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    Property profile & analytics

    1600 Medical Ctr Dr El Paso, TX 79902-5002

    • Medical Office Space
    • 56,000 SF
    • 0.49 lot acres
    OFF-MARKET
    Value Estimations
    $5,815,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-5525614
    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

    • Medical Office Space

    Property Details for 1600 Medical Ctr Dr

    Year built
    1970
    Lot size
    0.49 lot acres
    Property size
    56,000 SF
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    X003-999-M00A-0501
    APU
    X003999M00A0501

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $5,303,000
      Market price range: $3.43M - $8.07M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $5,840,000
      Current use
      RESTAURANT
      $8,090,000
      Change: +39% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $7,515,000
      Change: +29% Conversion: Difficult
      RETAIL STORES
      $7,180,000
      Change: +23% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $5,810,000
      Change: -1% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    El Paso
    County
    El Paso
    State
    Texas
    Longitude
    -106.479
    Latitude
    31.7774
    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
    $128,630
    $0.00
    $4,650,000
    $4,650,000
    -
    $0.00
    $4,650,000
    $4,650,000

    Comparable in this City

    • Value Estimation
      $4,620,000
      26,885 SF

      1101 Schuster Ave

      MEDICAL BUILDING • 26,885 SF
      1101 Schuster Ave, El Paso, TX 79902-4659
      View Details
    • Value Estimation by Request
      2,402 SF

      1803 Yandell Dr

      MEDICAL BUILDING • 2,402 SF
      1803 Yandell Dr, El Paso, TX 79902-5716
      View Details
    • Value Estimation
      $845,000
      6,120 SF

      2900 Kansas St

      MEDICAL BUILDING • 6,120 SF
      2900 Kansas St, El Paso, TX 79902-2603
      View Details
    • Value Estimation by Request
      3,709 SF

      1500 Montana Ave

      MEDICAL BUILDING • 3,709 SF
      1500 Montana Ave, El Paso, TX 79902-5620
      View Details
    • Value Estimation
      $795,000
      5,280 SF

      3901 Mesa St

      MEDICAL BUILDING • 5,280 SF
      3901 Mesa St, El Paso, TX 79902-1501
      View Details
    • Value Estimation
      $555,000
      6,840 SF

      311 Montana Ave, Unit B

      MEDICAL BUILDING • 6,840 SF
      311 Montana Ave, El Paso, TX 79902-5210
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      14,285 SF

      Central El Paso Medical Office

      Medical/professional office space near Hospitals of Providence Sierra Campus.
      2022 Murchison Dr, El Paso, TX 79902
      View Details
    • $395,000
      0.10 Acres

      El Paso Office with Yard

      Well-located office property with secured yard near Downtown El Paso.
      1600 Yandell Dr, El Paso, TX 79902
      View Details
    • New
      $539,999
      0.07 Acres

      Modernized Commercial Workplace in El Paso

      Sleek, secure, and fully modernized commercial workplace with ten offices.
      1528 Yandell Dr, El Paso, TX 79902
      View Details
    • Contact for pricing
      20,000 SF

      El Paso Office Building

      20000 square foot office building in El Paso, Texas.
      1626 Medical Center Dr, El Paso, TX 79902
      View Details
    • $475,000
      0.14 Acres

      El Paso Multifamily Investment Opportunity

      Nine-unit multifamily property zoned for apartments or office space.
      1101 E Rio Grande Ave, El Paso, TX 79902
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      3,049 SF

      El Paso Corner Commercial Space

      Versatile 3,106 SF space with high visibility in El Paso.
      500 E Schuster Ave, El Paso, TX 79902
      View Details
    • $4,265 /Mo
      8,712 SF

      Central El Paso Office Space

      Well-maintained office space in a prime central El Paso location.
      1527 Brown St, El Paso, TX 79902
      View Details
    • Contact for pricing

      Kern Place Standalone Building

      Standalone building in Kern Place entertainment district near UTEP.
      2700 N Stanton St, El Paso, TX 79902
      View Details
    • Contact for pricing

      Medical Office Space For Lease

      Medical office space available for lease.
      1300 Murchison Dr, El Paso, TX 79902
      View Details
    • Contact for pricing

      Turn-Key Imaging Center Ready

      Ready for occupancy imaging center with synergistic tenants.
      1250 E Cliff Dr, El Paso, TX 79902
      View Details
    • $1,085 /Mo
      8,712 SF

      Central El Paso Office Space

      Well-maintained office space in a prime central El Paso location.
      1527 Brown St, El Paso, TX 79902
      View Details
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    El Paso, TX 79902-5002
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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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