Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1645 Cimarron Emporium Pl El Paso, TX 79912

    • Drug stores
    • 10,070 SF
    • 1.27 lot acres
    OFF-MARKET
    Last Sale
    Jul 06, 2023
    Value Estimations
    $925,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-1375243
    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

    • Drug stores

    Property Details for 1645 Cimarron Emporium Pl

    Year built
    2023
    Lot size
    1.27 lot acres
    Property size
    10,070 SF
    Property type
    Drug stores
    APN
    C543-999-01U3-0700
    APU
    C54399901U30700

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $851,000
      Market price range: $184k - $1.26M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $805,000
      Current use
      RESTAURANT
      $1,415,000
      Change: +76% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,350,000
      Change: +68% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,005,000
      Change: +25% Conversion: Easy
      MEDICAL BUILDING
      $860,000
      Change: +7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    El Paso
    County
    El Paso
    State
    Texas
    Longitude
    -106.574
    Latitude
    31.884
    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
    $25,076
    $372,647
    $983,454
    $1,356,101
    -
    $372,647
    $983,454
    $1,356,101

    Comparable in this City

    • Value Estimation
      $1,605,000
      12,369 SF

      680 Redd Rd

      DRUG STORE, PHARMACY • 12,369 SF
      680 Redd Rd, El Paso, TX 79912-1274
      View Details
    • Value Estimation
      $1,830,000
      13,552 SF

      890 Resler Dr

      DRUG STORE, PHARMACY • 13,552 SF
      890 Resler Dr, El Paso, TX 79912-7029
      View Details
    • Value Estimation
      $2,135,000
      15,801 SF

      5900 Mesa St

      DRUG STORE, PHARMACY • 15,801 SF
      5900 Mesa St, El Paso, TX 79912-4604
      View Details
    • Value Estimation
      $920,000
      32,908 SF

      El Paso, TX 79912

      GYM, HEALTH SPA • 32,908 SF
      El Paso, TX 79912
      View Details
    • Value Estimation
      $665,000
      12,089 SF

      1775 Cimarron Rialto Pl

      GYM, HEALTH SPA • 12,089 SF
      1775 Cimarron Rialto Pl, El Paso, TX 79912-8046
      View Details
    • Value Estimation by Request
      3,548 SF

      6101 Dew Dr

      RETAIL STORES (PERSONAL SERVICES) • 3,548 SF
      6101 Dew Dr, El Paso, TX 79912-3901
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,200 SF

      Versatile Commercial Space with Patio

      Adaptable 1,800 sq ft space with 400 sq ft patio.
      4201 Camelot Hts Dr, El Paso, TX 79912
      View Details
    • Contact for pricing
      7,188 SF

      El Paso Retail Property

      Retail property available for sale in El Paso, Texas.
      7722 Paseo Del Norte, El Paso, TX 79912
      View Details
    • Contact for pricing
      30,798 SF

      El Paso Retail Space For Sale

      Retail space available for purchase in El Paso, Texas.
      7145 N Mesa St, El Paso, TX 79912
      View Details
    • Contact for pricing
      2,385 SF

      El Paso Retail Outparcel Opportunity

      Highly visible retail outparcel suitable for redevelopment or continued carwash use.
      7411 Remcon Cir, El Paso, TX 79912
      View Details
    • $4,250,000
      33,617 SF

      Freestanding Commercial Building in El Paso

      33,617 SF building on 2.13 acres in West El Paso.
      145 Paragon Ln, El Paso, TX 79912
      View Details
    • $895,000
      0.42 Acres

      West El Paso Office Building

      Professional office building in West El Paso near I-10.
      545 Redd Rd Unit, El Paso, TX 79912
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,200 SF

      Retail Space Available For Rent

      3390 square feet retail space for rent.
      5825 N Mesa St, El Paso, TX 79912
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space on Mesa Street

      Retail space available for lease on N Mesa St.
      7040 N Mesa St, El Paso, TX 79912
      View Details
    • Contact for pricing
      1,850 SF

      Former Medical Space Available

      1800 sq ft retail/medical space for rent.
      865 N Resler Dr, El Paso, TX 79912
      View Details
    • Contact for pricing
      1,154 SF

      Retail Space on Mesa Street

      Retail space available for lease on N Mesa St.
      7100 N Mesa St, El Paso, TX 79912
      View Details
    • $20 SF/Yr
      5,126 SF

      Retail/Warehouse Space with High Ceilings

      Retail or warehouse space available on the West Side.
      5200 N Mesa St, El Paso, TX 79912
      View Details
    • Contact for pricing
      1,000 SF

      Retail Space Available For Rent

      678 square feet retail space for rent.
      6330 N Mesa St, El Paso, TX 79912
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1645 Cimarron Emporium Pl
    El Paso, TX 79912
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!