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

    214 Rio Grande Ave El Paso, TX 79902-3988

    • Apartment buildings
    • 3,224 SF
    • 0.09 lot acres
    OFF-MARKET
    Value Estimations
    $375,000
    Show details
    Cap Rate Potential
    8.1%
    Apartment buildings
    Location Intelligence
    Property ID
    US82-0109253
    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

    • Apartment buildings

    Property Details for 214 Rio Grande Ave

    Year built
    1920
    Lot size
    0.09 lot acres
    Property size
    3,224 SF
    Zone code
    A2H
    Property type
    Apartment buildings
    APN
    S979-999-0060-4300
    APU
    S97999900604300

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $330,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $450,000
      6.5%
      $415,000
      7%
      $385,000

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

    Location Insight

    • Map
    • Local Demand
    City
    El Paso
    County
    El Paso
    State
    Texas
    Longitude
    -106.495
    Latitude
    31.7635
    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
    $4,894
    $16,604
    $160,318
    $176,922
    -
    $16,604
    $160,318
    $176,922

    Comparable in this City

    • Value Estimation
      $445,000
      4,199 SF

      1120 Arizona Ave

      APARTMENT HOUSE (5+ UNITS) • 4,199 SF
      1120 Arizona Ave, El Paso, TX 79902-4745
      View Details
    • Value Estimation
      $370,000
      442 SF

      803 Upson Dr

      APARTMENT HOUSE (5+ UNITS) • 442 SF
      803 Upson Dr, El Paso, TX 79902-3732
      View Details
    • Value Estimation
      $390,000
      2,800 SF

      1131 Arizona Ave

      APARTMENT HOUSE (5+ UNITS) • 2,800 SF
      1131 Arizona Ave, El Paso, TX 79902-4698
      View Details
    • Value Estimation
      $415,000
      3,699 SF

      1137 Arizona Ave

      APARTMENT HOUSE (5+ UNITS) • 3,699 SF
      1137 Arizona Ave, El Paso, TX 79902-4697
      View Details
    • Value Estimation
      $385,000
      2,863 SF

      1132 Arizona Ave

      APARTMENT HOUSE (5+ UNITS) • 2,863 SF
      1132 Arizona Ave, El Paso, TX 79902-4746
      View Details
    • Value Estimation
      $470,000
      3,516 SF

      1112 Wyoming Ave

      APARTMENT HOUSE (5+ UNITS) • 3,516 SF
      1112 Wyoming Ave, El Paso, TX 79902-5589
      View Details

    Similar Nearby for Sale

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      0.36 Acres

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    • $475,000
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      El Paso Multifamily Investment Opportunity

      Nine-unit multifamily property zoned for apartments or office space.
      1101 E Rio Grande Ave, El Paso, TX 79902
      View Details
    • New
      $230,000
      1,482 SF

      Renovated Duplex Near Universities

      Two units, renovated, ideal for rental income or commercial use.
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      View Details
    • $200,000
      Pending

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      Well-maintained duplex near UTEP and downtown El Paso.
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    Similar Nearby for Lease

    • $3,500 /Mo
      12,197 SF

      El Paso Commercial Space Available

      Commercial space for rent with high visibility and flexible layout.
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      Prime Retail/Restaurant Space Available
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    • $4,500 /Mo
      6,534 SF

      Luxury Office with Downtown Views

      Renovated two-story office building with private parking and downtown views.
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      View Details
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      24,620 SF

      Retail Space on Mesa Street

      Retail space for lease in a well-located building complex.
      4009 North Mesa St, El Paso, TX 79902
      View Details
    • $950 /Mo
      436 SF

      Versatile Commercial Space in El Paso

      Prime commercial/residential space in central El Paso with high visibility.
      1101 E Yandell Dr, El Paso, TX 79902
      View Details
    • Contact for pricing
      60,815 SF

      Prime Commercial Land For Lease

      High-visibility commercial land in a dynamic El Paso district.
      910 Wyoming Ave, El Paso, TX 79902
      View Details
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    214 Rio Grande Ave
    El Paso, TX 79902-3988
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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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