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Property profile & analytics
OFF-MARKET
Estimated value
$8,055,000
Retail properties & Spaces
1950 Joe Battle Blvd El Paso, TX 79938-2629
Entity Owned
16-yr Hold
Free & Clear
Property ID
US82-3691723
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
2007
Total area
104,569 SF
Lot
7.9 ac (344,298 SF)
Zoning code
C3S
APN
E350-999-0010-0100
UPID
US82-3691723
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
Current use
Occupant on record · Public records
-
JCPenney Furniture Store Jewelry Store
-
JCPenney Portraits Photography Service (Bike/Boat/Book/etc) Store
-
JCPenney Salon Hair Salon
-
El Mercado Plaza Shopping Center & Mall
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.17M
Blend (final)
Blend
$8.06M
Owner & transaction history
River Oaks El Mercado LLC · 16 yrs held
River Oaks El Mercado LLC
since 2010
4 recorded transactions
Zoning & alternative use
C3S · El Paso, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$12.5M
+38.0%
Medical building
$12.5M
+38.0%
Office building
$11.1M
+22.4%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$9,050,000
Current use
COMMERCIAL (GENERAL)
$12,495,000
Change: +38% · Conversion: Easy
MEDICAL BUILDING
$12,490,000
Change: +38% · Conversion: Difficult
OFFICE BUILDING
$11,080,000
Change: +22% · Conversion: Easy
Blend value · Realmo final
$8.06M
Range $7.25M – $8.86M · ±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
$77 / 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
$422,506
Tax year 2023
Assessed value
$14,676,246
Assessed 2023
Previous assessed
$14,676,246
+0.0% YoY
Effective rate
2.88%
On assessed value
Assessed land
$2,744,196
Assessed improvement
$11,932,050
Land market value
$2,744,196
Improvement market value
$11,932,050
Total market value
$14,676,246
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
2007
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
104,569 SF
Lot
7.9 ac (344,298 SF)
Zoning code
C3S
APN
E350-999-0010-0100
UPID
US82-3691723
Jurisdiction
EL PASO
Zoning & alternative use
C3S · El Paso, TX
Zoning C3S · permitted uses
C3S · El Paso, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
El Paso. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$9.1M
COMMERCIAL (GENERAL)
Est. value
$12.5M
MEDICAL BUILDING
Est. value
$12.5M
OFFICE BUILDING
Est. value
$11.1M
RETAIL STORES Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
2007
Heating
NONE
Cooling
Yes
Stories
1
Lot
7.9 ac
Current owner
From public records · entity-resolved
River Oaks El Mercado LLC
Entity
Free & Clear · 16 yrs held
Mailing address
5678 N MESA ST, EL PASO, TX 79912-5425
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 25, 2010
—
River Oaks El Mercado LLC
River Oaks Properties Ltd
Quit Claim Deed
—
Dec 28, 2007
—
River Oaks Properties Ltd
River Oaks Properties Ltd
Special Warranty Deed
—
—
—
J C Penney Properties INC
—
Deed Of Trust
related
—
—
—
River Oaks El Mercado LLC
—
Deed Of Trust
related
$5,300,000 · Stonebridge Life Ins Co
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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