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    2281 N Zaragoza Rd El Paso, TX 79938

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    2281 N Zaragoza Rd El Paso, TX 79938

    View on Map
    • Strip malls
    • 19,000 SF
    • 2.51 lot acres
    For Lease
    $785,000
    View Listing →
    Retail Space in High-Traffic Center For Lease
    $785,000

    Retail Space in High-Traffic Center

    Retail space available in high-visibility, high-traffic El Paso center.

    2281 N Zaragoza Rd, El Paso, TX 79938
    View Listing
    Property ID
    US82-5411523
    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.
    Value Estimations
    $785,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Family Dollar / Discount Store
    • Keep Smiling Family Dental / Dental Office
    • Tropical Sno / High School
    • Subway / Take-out & Catering
    • Superioritybarberstudio2 / Barber Shop

    Property Details for 2281 N Zaragoza Rd

    Year built
    2011
    Lot size
    2.51 lot acres
    Property size
    19,000 SF
    Zone code
    C3C
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    S125-999-0010-0300
    APU
    S12599900100300

    Description

    Tierra Este Plaza offers a prime retail opportunity in El Paso County. This multi-tenant property currently has one available space totaling 1,600 square feet. The space is situated within a high-traffic center, ensuring excellent visibility and accessibility for your business. The property type is retail, making it ideal for a variety of commercial uses. There are no currently vacant square feet, indicating strong tenant occupancy and a desirable location. The property's location within a busy commercial center promises high foot traffic and significant exposure to potential customers. This presents a unique chance to establish or expand your business in a thriving area. Interested parties are encouraged to inquire for further details and to explore the possibilities of establishing their presence in this dynamic retail environment. The property is fully occupied, demonstrating its appeal and desirability within the market. This space offers a turnkey solution for businesses seeking immediate occupancy in a high-demand location. The 1,600 square foot space is ready for immediate use and provides a solid foundation for growth. Contact us today to learn more about this exceptional retail opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $575,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $990,000
      Market price range: $716k - $1.30M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,030,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    El Paso
    County
    El Paso
    State
    Texas
    Longitude
    -106.254
    Latitude
    31.7754
    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
    $46,493
    $972,884
    $642,116
    $1,615,000
    -
    $972,884
    $642,116
    $1,615,000

    Comparable in this City

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    • Value Estimation
      $725,000
      15,880 SF

      2301 Zaragoza Rd, Unit A

      SHOPPING CENTER, STRIP CENTER • 15,880 SF
      2301 Zaragoza Rd, El Paso, TX 79938-7981
      View Details
    • Value Estimation by Request
      8,520 SF

      12800 Edgemere Blvd

      SHOPPING CENTER, STRIP CENTER • 8,520 SF
      12800 Edgemere Blvd, El Paso, TX 79938-4693
      View Details
    • Value Estimation by Request
      5,000 SF

      15665 Montana Ave

      SHOPPING CENTER, STRIP CENTER • 5,000 SF
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    • Value Estimation
      $510,000
      8,400 SF

      3589 Rich Beem

      SHOPPING CENTER, STRIP CENTER • 8,400 SF
      3589 Rich Beem, El Paso, TX 79938-4517
      View Details
    • Value Estimation
      $1,410,000
      32,685 SF

      2270 Joe Battle Blvd

      SHOPPING CENTER, STRIP CENTER • 32,685 SF
      2270 Joe Battle Blvd, El Paso, TX 79938-2609
      View Details

    Similar Nearby for Sale

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      9,294 SF

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      8.00 Acres

      Commercial Property in Clint, TX

      Shopping center available for sale off Montana Avenue.
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      Corner Retail Location Near School

      Retail and commercial land available in growing El Paso area.
      14510 Pebble Hills Blvd, El Paso, TX 79938
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    • $400,000
      1.00 Acre

      Established Auto Repair Business Opportunity

      Profitable auto repair business with equipment, customers, and trained staff.
      3655 Mark Jason Dr, El Paso, TX 79938
      View Details
    • New
      $300,000
      0.25 Acres

      Multi-Use Facility For Sale

      Multi-use commercial property with tenant income in El Paso, TX.
      13680 Laura Ln, El Paso, TX 79938
      View Details
    • $145,000
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      Versatile Commercial Building Near Hueco

      Commercial building with kitchen, retail space, and living space.
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    Similar Nearby for Lease

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      55,700 SF

      Grand Shops Plaza Pad Sites

      Prime Retail Pads: El Paso County
      12301 Montana Ave, El Paso, TX 79938
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      High Visibility Retail Center

      Modern retail center in a rapidly growing area.
      12801 Edgemere Blvd, El Paso, TX 79938
      View Details
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      Retail Spaces in New Center

      New shopping center with retail spaces for lease.
      3390 Rich Beem Blvd, El Paso, TX 79938
      View Details
    • Contact for pricing

      New Retail Spaces on Joe Battle

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      3624 Joe Battle Blvd, El Paso, TX 79938
      View Details
    • $21 SF/Yr
      468,270 SF

      Premier El Paso Shopping Center

      High-visibility shopping center with flexible suites and pad sites.
      12311 Montana Ave, El Paso, TX 79938
      View Details
    • Contact for pricing

      New Retail Center on Zaragoza

      New shopping center with high traffic and excellent visibility.
      3546 N Zaragoza Rd, El Paso, TX 79938
      View Details
    View Listing
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    El Paso, TX 79938
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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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