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Property profile & analytics
OFF-MARKET
Estimated value
$5,605,000
Office buildings
303 Oregon St El Paso, TX 79901-1317
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US83-3953280
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1910
Total area
191,808 SF
Lot
0.34 ac (14,723 SF)
Zoning code
C5H
APN
M473-999-0170-1200
UPID
US83-3953280
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
-
Erick Narvaiz Commercial Insurance Broker Insurance Agency
-
New York Life Insurance Financial Advisor
-
El Paso Passport Agency Travel Agency
-
Tony Benitez, CPA, LUTCF, ARPC Insurance Agency
-
Nationwide Insurance: Usi Southwest, Inc. Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.61M
Owner & transaction history
Ithaca Dev LLC · 5 yrs held
Ithaca Dev LLC
since 2020
7 recorded transactions
Zoning & alternative use
C5H · El Paso, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$29 / 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
$147,610
Tax year 2023
Assessed value
$5,114,288
Assessed 2023
Previous assessed
$5,114,288
+0.0% YoY
Effective rate
2.89%
On assessed value
Assessed land
$736,116
Assessed improvement
$4,378,172
Land market value
$736,116
Improvement market value
$4,378,172
Total market value
$5,114,288
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1910
Heating
YES
Cooling
YES
Stories
1
Bathrooms
1
Total area
191,808 SF
Lot
0.34 ac (14,723 SF)
Zoning code
C5H
APN
M473-999-0170-1200
UPID
US83-3953280
Jurisdiction
EL PASO
Zoning & alternative use
C5H · El Paso, TX
Zoning C5H · permitted uses
C5H · 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.
Building & site characteristics
From public records
Year built
1910
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Ithaca Dev LLC
Entity
Free & Clear · 5 yrs held
Mailing address
123 W MLS AVE STE #600, EL PASO, TX 79901-1577
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2020
—
Ithaca Dev LLC
Hunt Mission Ridge LLC
Grant Deed
related
—
Dec 22, 2020
—
Ithaca Developmentllc
Huntmission Ridge LLC
Grant Deed
related
—
Nov 24, 2020
—
Ithaca Development LLC
—
Deed
related
$248,312 · Weststar Bk
Oct 13, 2020
—
Ithaca Development LLC
—
Deed
related
$232,950 · Weststar Bk
Oct 9, 2020
$308,118
Ithaca Development LLC
Hunt Mission Ridge LLC
Grant Deed
—
Oct 7, 2020
—
Cases De Leon LLC
—
Deed
related
$732,712 · Weststar Bk
Sep 4, 2020
—
Ithaca Development LLC
—
Deed
related
$236,250 · Weststar Bk
Aug 21, 2020
—
Ithaca Development LLC
—
Deed
related
$158,979 · Westar Bk
Jul 16, 2020
—
Ithaca Dev LLC
Ept Desert Sands LLC
Warranty Deed
related
—
May 11, 2006
—
Mills Acquisition Co
El Paso Renaissance-mills
Quit Claim Deed
—
—
—
Casas De Leon LLC
—
Deed Of Trust
related
$732,712 · Weststar Bk
—
—
Cases De Leon LLC
—
Deed Of Trust
related
—
—
—
Ithaca Development LLC
—
Loan Modification
related
$236,250 · Weststar Bk
—
—
Ithaca Development LLC
—
Loan Modification
related
$158,979 · Westar Bk
—
—
Ithaca Development LLC
—
Loan Modification
related
$248,312 · Weststar Bk
—
—
Ithaca Development LLC
—
Deed Of Trust
related
$232,950 · Weststar Bk
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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