Add Listing
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

    2723 Wyoming Ave El Paso, TX 79903

    • Medical Office Space
    • 6,592 SF
    • 0.36 lot acres
    OFF-MARKET
    Value Estimations
    $835,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2723997
    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

    • Cheap Auto Insurance / Marketing & Advertising
    • Better & Care Insurance Texas / Insurance Agency

    Property Details for 2723 Wyoming Ave

    Year built
    1955
    Lot size
    0.36 lot acres
    Property size
    6,592 SF
    Zone code
    C4
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    B202-999-0820-9100
    APU
    B20299908209100

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $776,000
      Market price range: $562k - $1.29M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $920,000
      Current use
      COMMERCIAL (GENERAL)
      $905,000
      Change: -2% Conversion: Easy
      AUTO REPAIR, GARAGE
      $885,000
      Change: -4% Conversion: Difficult
      RESTAURANT
      $820,000
      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
    -106.462
    Latitude
    31.7809
    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
    $12,959
    $80,186
    $388,293
    $468,479
    -
    $80,186
    $388,293
    $468,479

    Comparable in this City

    • Value Estimation by Request
      1,412 SF

      3320 Montana Ave

      MEDICAL BUILDING • 1,412 SF
      3320 Montana Ave, El Paso, TX 79903-2602
      View Details
    • Value Estimation
      $1,260,000
      10,032 SF

      2325 Pershing Dr

      MEDICAL CLINIC • 10,032 SF
      2325 Pershing Dr, El Paso, TX 79903-3608
      View Details
    • Value Estimation
      $1,865,000
      9,432 SF

      2525 Missouri Ave

      MEDICAL BUILDING • 9,432 SF
      2525 Missouri Ave, El Paso, TX 79903-3905
      View Details
    • Value Estimation
      $685,000
      4,800 SF

      3401 Montana Ave

      MEDICAL BUILDING • 4,800 SF
      3401 Montana Ave, El Paso, TX 79903-4330
      View Details
    • Value Estimation by Request
      1,380 SF

      4520 Montana Ave

      MEDICAL BUILDING • 1,380 SF
      4520 Montana Ave, El Paso, TX 79903-4706
      View Details
    • Value Estimation
      $505,000
      3,438 SF

      2407 Yandell Dr

      MEDICAL BUILDING • 3,438 SF
      2407 Yandell Dr, El Paso, TX 79903-3623
      View Details

    Similar Nearby for Sale

    • $227,950
      0.14 Acres

      El Paso Commercial Space

      Centrally located commercial space ideal for offices, medical, or retail.
      3214 Montana Ave, El Paso, TX 79903
      View Details
    • New
      $950,000
      0.21 Acres

      El Paso Office/Warehouse Investment

      Office building with warehouse near downtown El Paso.
      2417 Yandell Dr, El Paso, TX 79903
      View Details
    • $495,000
      1,400 SF

      El Paso Mixed-Use Opportunity

      Mixed-use property in Five Points area with income potential.
      2422 Montana Ave, El Paso, TX 79903
      View Details
    • New
      $900,000
      Pending

      El Paso Office Space For Sale

      2,400 sq. ft. office space near freeway and landmarks.
      700 N Copia St, El Paso, TX 79903
      View Details
    • $1,300,000

      Office Building with Warehouse Space

      Office building with warehouse near downtown and major thoroughfares.
      2417 Yandell Dr, El Paso, TX 79903
      View Details
    • $345,000
      2,556 SF

      El Paso Multifamily Investment Property

      Multifamily property with two units and a detached studio.
      3224 Tularosa Ave, El Paso, TX 79903
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,400 SF

      El Paso Retail/Office Space

      Retail, medical, and office spaces available in El Paso.
      2900 Pershing Dr, El Paso, TX 79903
      View Details
    • $2,000 /Mo
      6,970 SF

      El Paso Office Space Available

      Unique office space in central El Paso for lease.
      3601 Tularosa Ave, El Paso, TX 79903
      View Details
    • $30 SF/Yr
      24,829 SF

      El Paso Office Suites Available

      Professionally managed office suites with shared amenities in El Paso.
      1817 Wyoming Ave, El Paso, TX 79903
      View Details
    • $400 /Mo

      Private Office Space For Lease

      Private office in shared space with utilities and WiFi included.
      2415 Montana Ave, El Paso, TX 79903
      View Details
    • $795 /Mo
      436 SF

      El Paso Office/Retail Space

      Centrally located, updated office/retail space with high visibility.
      1913 E Yandell Dr, El Paso, TX 79903
      View Details
    • Contact for pricing

      El Paso Office Space Available

      1500 square feet of office space for lease.
      3214 E Yandell Dr, El Paso, TX 79903
      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.
    2723 Wyoming Ave
    El Paso, TX 79903
    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.
    Sign Up Successful!
    You now have access to more from Realmo!