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

    1921 Zaragoza Rd Bldg F El Paso, TX 79938-7980

    • Turn key restaurants
    • 5,066 SF
    • 1.00 lot acres
    OFF-MARKET
    Last Sale
    Mar 05, 2020
    Value Estimations
    $595,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-5938116
    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

    • Lin's Grand Buffet / Restaurant / Buffet
    • Wingstop / Restaurant
    • Ojos Locos Sports Cantina - El Paso East / Restaurant
    • Urban Base Uniforms / (Bike/Boat/Book/etc) Store
    • Thighstop / Restaurant

    Property Details for 1921 Zaragoza Rd Bldg F

    Year built
    2007
    Construction
    WOOD
    Lot size
    1.00 lot acres
    Property size
    5,066 SF
    Zone code
    C4S
    Property type
    Turn key restaurants
    APN
    E350-999-001B-0600
    APU
    E350999001B0600

    Description

    This exceptional single-tenant retail property, known as El Mercado Plaza, presents a unique investment opportunity in the vibrant El Paso, Texas market. Located at 1921 N Zaragoza Rd, zip code 79938, this property boasts a substantial 4,998 square feet of retail space, currently entirely vacant and ready for immediate occupancy. The building sits on a generous 86,074.75 square foot lot, offering ample space for potential expansion or outdoor amenities. The property's classification is Retail, specifically a Shopping Center, making it ideal for a variety of businesses. Its location in El Paso County provides access to a thriving consumer base and excellent visibility along N Zaragoza Rd. The entire 4,998 square feet is available for lease, presenting a blank canvas for a prospective tenant to create their ideal retail space. This is a rare opportunity to secure a sizable, well-located retail property in a growing Texas market. The property's size and location make it an attractive option for businesses seeking high visibility and ample space to operate. The property is ready for immediate occupancy, allowing for a swift and efficient start to operations. Interested parties are encouraged to inquire further to explore the possibilities this prime retail location offers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $555,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $637,000
      Market price range: $402k - $1.03M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $770,000
      Current use
      AUTO REPAIR, GARAGE
      $680,000
      Change: -11% 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
    -106.267
    Latitude
    31.7646
    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
    $41,208
    $652,792
    $778,628
    $1,431,420
    -
    $652,792
    $778,628
    $1,431,420

    Comparable in this City

    • Value Estimation
      $780,000
      12,585 SF

      Zaragoza Rd

      RESTAURANT • 12,585 SF
      Zaragoza Rd, El Paso, TX 79938
      View Details
    • Value Estimation
      $1,080,000
      14,758 SF

      1910 Zaragoza Rd

      RESTAURANT • 14,758 SF
      1910 Zaragoza Rd, El Paso, TX 79938-7913
      View Details
    • Value Estimation
      $795,000
      6,960 SF

      3630 Joe Battle Blvd

      RESTAURANT • 6,960 SF
      3630 Joe Battle Blvd, El Paso, TX 79938-2628
      View Details
    • Value Estimation
      $940,000
      7,599 SF

      3180 Joe Battle Blvd

      RESTAURANT • 7,599 SF
      3180 Joe Battle Blvd, El Paso, TX 79938-2612
      View Details
    • Value Estimation
      $660,000
      5,150 SF

      12706 Montana Ave

      RESTAURANT • 5,150 SF
      12706 Montana Ave, El Paso, TX 79938-9722
      View Details
    • Value Estimation
      $700,000
      5,525 SF

      3460 Joe Battle Blvd

      RESTAURANT • 5,525 SF
      3460 Joe Battle Blvd, El Paso, TX 79938-2638
      View Details

    Similar Nearby for Sale

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      Prime East El Paso restaurant land, vacant, 15 acres.
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      Versatile Commercial Building Near El Paso

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      Shopping center located off Montana Avenue in Clint, Texas.
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    Similar Nearby for Lease

    • Contact for pricing
      39,712 SF

      The Reserve at Rich Beem: Retail Spaces

      Prime Retail Space, El Paso County
      3260 Zaragoza Rd, El Paso, TX 79938
      View Details
    • Contact for pricing
      8,600 SF

      El Paso Retail Center - Prime Location

      High-traffic retail spaces available now.
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    • $37 SF/Yr
      5,500 SF

      El Paso Retail Space For Lease

      Prime El Paso Retail, 5,500 SF Available
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      View Details
    • Contact for pricing
      1,200 SF

      Retail Space on Joe Battle

      Retail space available for lease on Joe Battle Boulevard.
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      Tierra Este Plaza Retail Space

      High-traffic retail space, El Paso County.
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    • Contact for pricing
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      Shops at Tierra Este: El Paso Retail

      Prime El Paso retail space, divisible suites.
      12302 Montana Ave, El Paso, TX 79938
      View Details
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    El Paso, TX 79938-7980
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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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