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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Showrooms
315 Ivey Rd El Paso, TX 79927-4112
Entity Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-2699904
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2012
Total area
3,200 SF
Lot
1.78 ac (77,319 SF)
Zoning code
M1
APN
Y805-999-0030-1093
UPID
US82-2699904
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
-
Southwest Commercial Engines Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$375k
CAP Approach
CAP
$585k
Comparable Approach
Comparable
$558k
Blend (final)
Blend
$570k
Owner & transaction history
Morales Family Properties INC · 14 yrs held
Morales Family Properties INC
since 2011
7 recorded transactions
Zoning & alternative use
M1 · 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
Method
Estimation
Statistic approach
by Request
ML approach
$375,000
CAP Approach
CAP Return
Estimation
6%
$635,000
6.5%
$585,000
7%
$545,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$520,000
Current use
RETAIL STORES
$475,000
Change: -8% · Conversion: Easy
AUTO REPAIR, GARAGE
$430,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$570k
Range $513k – $627k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$178 / 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 2019Property tax & assessments
Tax year 2019
Tax billed
$10,474
Tax year 2019
Assessed value
$386,688
Assessed 2023
Previous assessed
$386,688
+0.0% YoY
Effective rate
2.71%
On assessed value
Assessed land
$119,858
Assessed improvement
$266,830
Land market value
$119,858
Improvement market value
$266,830
Total market value
$386,688
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
2012
Heating
FORCED AIR
Stories
1
Total area
3,200 SF
Lot
1.78 ac (77,319 SF)
Zoning code
M1
APN
Y805-999-0030-1093
UPID
US82-2699904
Jurisdiction
EL PASO
Zoning & alternative use
M1 · El Paso, TX
Zoning M1 · permitted uses
M1 · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$520,000
RETAIL STORES
Est. value
$475,000
AUTO REPAIR, GARAGE
Est. value
$430,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2012
Heating
FORCED AIR
Stories
1
Lot
1.78 ac
Current owner
From public records · entity-resolved
Morales Family Properties INC
Entity
Mailing address
1030 W CHICAGO AVE STE #300, CHICAGO, IL 60642-5671
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 5, 2022
—
Bip Ivey Property LLC
—
Deed
related
$830,000 · Illinois Bank & Trust
Apr 3, 2019
—
Morales Family Properties INC
—
Deed
related
$390,000 · Yermoland Enst INC
Nov 8, 2011
—
Morales Family Properties INC
Morales,ismael
Quit Claim Deed
related
—
May 19, 2011
—
Morales Family Properties INC
—
Trustees Deed
related
$61,672 · First Savings Bank
Feb 12, 2008
—
Ismael Morales
Moreno,socorro
Warranty Deed
$160,000 · Socorro Moreno
—
—
Morales Family Properties INC
—
Deed Of Trust
related
$390,000 · Yermoland Enst INC
—
—
Morales Family Properties INC
—
Deed Of Trust
related
$159,807 · First Savings Bank
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.
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