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

    1816 Zaragoza Rd El Paso, TX 79936

    • Strip malls
    • 7,200 SF
    • 0.89 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4813873
    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

    • Dr. Nima Shayesteh, DMD / Dental Implants Periodontist / Pediatric Dentist
    • Flavors of Mae Kong Thai Restaurant / Thai Restaurant
    • Dr. Tamir Shams, DMD / Dentist / Cosmetic Dentist
    • Dr. Philip Buckler / Dentist
    • Dr. Maziar Minoofar / Dentist

    Property Details for 1816 Zaragoza Rd

    Year built
    2007
    Lot size
    0.89 lot acres
    Property size
    7,200 SF
    Zone code
    C4
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    W066-999-0020-0900
    APU
    W06699900200900

    Description

    This exceptional El Paso retail property, located at 1816 N Zaragoza Rd, 79936, offers a prime investment opportunity. The single-story building comprises 7,200 square feet, currently featuring 3,600 square feet of available space. The property is situated in El Paso County, Texas, and is ideally suited for a variety of uses, including retail, restaurant, and medical businesses. The flexible layout allows for customization to meet specific tenant needs. One immediately available space totals 1,200 square feet. A significant portion of the building (3,600 sq ft) is currently vacant, presenting a unique chance to establish a new business or expand an existing one in a high-traffic area. The building's single-story design provides easy accessibility and ample space for both customers and employees. The existing tenant configuration includes a medical space, demonstrating the property's adaptability to diverse business models. This property presents a compelling opportunity for entrepreneurs and investors seeking a well-located retail space in a thriving El Paso market. The address is easily accessible and benefits from high visibility and convenient parking. Contact us to discuss leasing options and explore the potential of this versatile commercial property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    El Paso
    County
    El Paso
    State
    Texas
    Longitude
    -106.273
    Latitude
    31.7561
    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
    $18,655
    $543,289
    $104,711
    $648,000
    -
    $543,289
    $104,711
    $648,000

    Comparable in this City

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      1495 George Dieter Dr

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      2828 Lee Trevino Dr

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      15,500 SF

      12320 Lorenzo Ruiz Ave

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    Similar Nearby for Sale

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      Retail Property in El Paso

      Retail property with 4762 square feet available for sale.
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    • $99,999
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      El Paso Commercial Opportunity

      Turn-key business with established repeat customers and seller financing.
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      Lee Trevino Retail Center

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    Similar Nearby for Lease

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      Neighborhood shopping center with ample parking, signage, and high visibility.
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      Neighborhood Shopping Center Retail Space

      Retail space in high-traffic neighborhood shopping center.
      11345 Montwood Dr, El Paso, TX 79936
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      Retail Space on Lee Trevino

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      Retail Space in El Paso

      Prime retail space in high-traffic El Paso neighborhood center.
      3117 Saul Kleinfeld Dr, El Paso, TX 79936
      View Details
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    1816 Zaragoza Rd
    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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