Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2400 N Oregon St El Paso, TX 79902

    • Commercial real estate
    • 9,378 SF
    • 0.72 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3992327
    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

    • The Cleaners Laundromat / (Bike/Boat/Book/etc) Store
    • Navar Jr Thomas R MD / Physician
    • Da Vita Mesa Vista Dialysis: Gonzalez Alfredo MD / Medical Clinic
    • American Renal Associates - El Paso Dialysis Center / Medical Clinic
    • ALFONSO CHAVEZ / Physician / Medical Clinic

    Property Details for 2400 N Oregon St

    Year built
    1995
    Construction
    WOOD
    Lot size
    0.72 lot acres
    Property size
    9,378 SF
    Zone code
    C1
    Property type
    Commercial real estate
    APN
    A462-999-1910-4100
    APU
    A46299919104100

    Description

    This exceptional 2,000 square foot commercial space presents a unique opportunity for retail or office use. Strategically located across the street from the University of Texas at El Paso (UTEP) campus, this property benefits from high visibility and a substantial student population. Its proximity to the Medical District further enhances its appeal, offering access to a diverse clientele. Previously utilized as a medical office, the space is ready for immediate occupancy and customization to suit a variety of business needs. The adaptable layout allows for flexible configurations, catering to diverse operational requirements. The property is situated in El Paso County, within the Kern Place Business Park, ensuring a convenient and accessible location for both employees and customers. This prime location offers excellent potential for growth and success, making it an ideal investment for businesses seeking a vibrant and strategic location in a thriving area. The space is currently available for lease as a single unit, providing a significant opportunity for a single tenant to establish a strong presence in a high-traffic area. Interested parties are encouraged to inquire for further details and scheduling a viewing. This is a rare opportunity to secure a well-positioned commercial space in a rapidly developing area of El Paso.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $944,000
      Market price range: $480k - $1.61M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $975,000
      Current use
      RESTAURANT
      $1,355,000
      Change: +39% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,260,000
      Change: +29% Conversion: Difficult
      RETAIL STORES
      $1,200,000
      Change: +24% Conversion: Easy
      MEDICAL BUILDING
      $980,000
      Change: +1% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    El Paso
    County
    El Paso
    State
    Texas
    Longitude
    -106.502
    Latitude
    31.7748
    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
    $27,896
    $377,712
    $630,733
    $1,008,445
    -
    $377,712
    $630,733
    $1,008,445

    Comparable in this City

    • Value Estimation by Request
      0.35 Acres

      1501 Golden Hl Ter

      COMMERCIAL (GENERAL) • 0.35 Acres
      1501 Golden Hl Ter, El Paso, TX 79902
      View Details
    • Value Estimation by Request
      0.11 Acres

      103 Rio Grande Ave

      COMMERCIAL MISC • 0.11 Acres
      103 Rio Grande Ave, El Paso, TX 79902
      View Details
    • Value Estimation
      $2,210,000
      19,280 SF

      500 Executive Ctr Blvd

      COMMERCIAL (GENERAL) • 19,280 SF
      500 Executive Ctr Blvd, El Paso, TX 79902-1005
      View Details
    • Value Estimation
      $4,065,000
      23,087 SF

      3003 Mesa St

      COMMERCIAL MISC • 23,087 SF
      3003 Mesa St, El Paso, TX 79902-2534
      View Details
    • Value Estimation
      $2,470,000
      20,300 SF

      2900 Mesa St

      COMMERCIAL (GENERAL) • 20,300 SF
      2900 Mesa St, El Paso, TX 79902-2519
      View Details
    • Value Estimation
      $9,360,000
      57,060 SF

      3100 Mesa St

      COMMERCIAL (GENERAL) • 57,060 SF
      3100 Mesa St, El Paso, TX 79902-2325
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.74 Acres

      North Mesa Street Pad Site

      Prime El Paso Commercial Land, Building-Ready
      4301 Mesa St, El Paso, TX 79902
      View Details
    • $1,300,000
      0.72 Acres

      Prime Land For Sale, El Paso

      Commercial land available in El Paso, Texas.
      1401 N Mesa St, El Paso, TX 79902
      View Details
    • $2,990,000
      14,285 SF

      Central El Paso Office Complex

      14,285 SF Medical/Office Building, $2.99M
      2022 Murchison Dr, El Paso, TX 79902
      View Details
    • Contact for pricing
      20,000 SF

      El Paso Office Building

      20000 square foot office building in El Paso, Texas.
      1626 Medical Center Dr, El Paso, TX 79902
      View Details
    • $860,000
      0.48 Acres

      Historic Mansion in Golden Hill

      Iconic two-story Classical Revival mansion in El Paso's Golden Hill.
      1725 Arizona Ave, El Paso, TX 79902
      View Details
    • $200,000
      Pending

      El Paso Brick Duplex

      Well-maintained duplex near UTEP and downtown El Paso.
      1517 E Yandell Dr, El Paso, TX 79902
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      4,415 SF

      El Paso Medical Office Space for Lease

      Modern Medical Office Suites Available Now
      1300 Murchison Dr, El Paso, TX 79902
      View Details
    • Contact for pricing
      10,000 SF

      Prime Kern Place Medical Office Space

      10,000 SF Medical Office - Available Now
      2700 Stanton St, El Paso, TX 79902
      View Details
    • $14 SF/Yr
      3,237 SF

      Freeway Visible Office Space Available

      Office space with freeway visibility and easy access.
      1511 E Missouri Ave, El Paso, TX 79902
      View Details
    • $22 SF/Yr
      3,049 SF

      El Paso Corner Commercial Space

      Versatile 3,106 SF space with high visibility in El Paso.
      500 E Schuster Ave, El Paso, TX 79902
      View Details
    • Contact for pricing
      9,663 SF

      Executive Suites, El Paso, TX

      Prime Office Space Available Now
      445 Executive Center Blvd, El Paso, TX 79902
      View Details
    • Contact for pricing
      12,417 SF

      4150 Pinnacle St

      Office space • 12,417 SF
      4150 Pinnacle St, El Paso, TX 79902
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2400 N Oregon St
    El Paso, TX 79902
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.