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Property profile & analytics
OFF-MARKET
Estimated value
$965,000
Medical Office Space
1770 Cimarron Sq El Paso, TX 79911-2200
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-8474634
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2021
Construction
WOOD
Total area
6,686 SF
Lot
1.09 ac (47,437 SF)
Zoning code
C4
APN
C543-999-0220-0600
UPID
US82-8474634
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.34M
Comparable Approach
Comparable
$1.02M
Blend (final)
Blend
$965k
Owner & transaction history
Lotus Dragon Holdings LLC · 5 yrs held
Lotus Dragon Holdings LLC
since 2021
3 recorded transactions
Zoning & alternative use
C4 · El Paso, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Apartment house (5+ units)
$1.5M
+116.8%
Restaurant
$945,000
+36.7%
Auto repair, garage
$895,000
+29.9%
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%
$1,445,000
6.5%
$1,335,000
7%
$1,240,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$690,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,500,000
Change: +117% · Conversion: Moderate
RESTAURANT
$945,000
Change: +37% · Conversion: Difficult
AUTO REPAIR, GARAGE
$895,000
Change: +30% · Conversion: Difficult
RETAIL STORES
$740,000
Change: +7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$730,000
Change: +5% · Conversion: Easy
OFFICE BUILDING
$710,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$965k
Range $869k – $1.06M · ±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
$144 / 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
$59,282
Tax year 2023
Assessed value
$2,109,031
Assessed 2024
Previous assessed
$2,125,097
-0.8% YoY
Effective rate
2.81%
On assessed value
Assessed land
$320,180
Assessed improvement
$1,788,851
Land market value
$320,180
Improvement market value
$1,788,851
Total market value
$2,109,031
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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 BUILDING
Status
Off-Market
Year built
2021
Construction
WOOD
Heating
NONE
Total area
6,686 SF
Lot
1.09 ac (47,437 SF)
Zoning code
C4
APN
C543-999-0220-0600
UPID
US82-8474634
Jurisdiction
EL PASO
Zoning & alternative use
C4 · El Paso, TXZoning C4 · permitted uses
C4 · El Paso, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$690,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.5M
RESTAURANT
Est. value
$945,000
AUTO REPAIR, GARAGE
Est. value
$895,000
RETAIL STORES
Est. value
$740,000
COMMERCIAL (GENERAL)
Est. value
$730,000
OFFICE BUILDING
Est. value
$710,000
MEDICAL BUILDING Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
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
2021
Construction
WOOD
Heating
NONE
Lot
1.09 ac
Current owner
From public records · entity-resolved
Lotus Dragon Holdings LLC
Entity
Free & Clear · 5 yrs held
Mailing address
10175 GTWY BLVD W STE #304, EL PASO, TX 79925-2203
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 19, 2021
—
Lotus Dragon Holdings LLC
Dieter Mob Land Partners LLC
Grant Deed
related
—
Nov 30, 2020
—
Desert Bayon LLC
—
Deed
related
$3,096,230 · Jpmorgan Chase Bank NA
May 20, 2019
—
Desert Bayou LLC
Paseo Resler Development LLC
Venders Lien
$827,988 · Jpmorgan Chase Bank NA
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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