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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3407 Alameda Ave El Paso, TX 79905-2307

    • Retail space
    • 1,566 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimations
    $295,000
    Show details
    Cap Rate Potential
    5.7%
    Retail space
    Location Intelligence
    Property ID
    US82-1170709
    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

    • Estela's Thrift Shop / Thrift Store

    Property Details for 3407 Alameda Ave

    Year built
    1928
    Construction
    CONCRETE BLOCKS
    Lot size
    0.16 lot acres
    Property size
    1,566 SF
    Zone code
    C4
    Property type
    Retail space
    APN
    E014-999-0220-1100
    APU
    E01499902201100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $315,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $295,000
      6.5%
      $275,000
      7%
      $255,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $296,000
      Market price range: $107k - $327k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $230,000
      Current use
      COMMERCIAL (GENERAL)
      $215,000
      Change: -7% Conversion: Easy
      AUTO REPAIR, GARAGE
      $210,000
      Change: -9% 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
    -106.453
    Latitude
    31.7737
    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
    $3,208
    $42,350
    $73,604
    $115,954
    -
    $42,350
    $73,604
    $115,954

    Comparable in this City

    • Value Estimation
      $270,000
      1,296 SF

      6061 Yandell Dr

      RETAIL STORES (PERSONAL SERVICES) • 1,296 SF
      6061 Yandell Dr, El Paso, TX 79905-1937
      View Details
    • Value Estimation
      $300,000
      3,389 SF

      6050 Alameda Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,389 SF
      6050 Alameda Ave, El Paso, TX 79905-4731
      View Details
    • Value Estimation
      $390,000
      2,632 SF

      4100 Alameda Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,632 SF
      4100 Alameda Ave, El Paso, TX 79905-2601
      View Details
    • Value Estimation
      $360,000
      2,876 SF

      3726 Alameda Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,876 SF
      3726 Alameda Ave, El Paso, TX 79905-2507
      View Details
    • Value Estimation
      $380,000
      2,580 SF

      3016 Gtwy E Blvd

      RETAIL STORES (PERSONAL SERVICES) • 2,580 SF
      3016 Gtwy E Blvd, El Paso, TX 79905-1014
      View Details
    • Value Estimation
      $485,000
      7,611 SF

      6000 Gtwy E Blvd

      RETAIL STORES (PERSONAL SERVICES) • 7,611 SF
      6000 Gtwy E Blvd, El Paso, TX 79905-2003
      View Details

    Similar Nearby for Sale

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      3,000 SF

      El Paso Retail/Auto Property

      Retail or auto shop property for sale in El Paso.
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      Multifamily complex with commercial units in El Paso, TX.
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      El Paso Investment Opportunity

      Income-producing property with multiple spaces and high-traffic location.
      5723 Alameda Ave, El Paso, TX 79905
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    • $289,900
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      Centrally located commercial building with high visibility and traffic.
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    • $170,000
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      El Paso Commercial Opportunity

      Centrally located commercial property suitable for office or small business.
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    • $700,000

      Restaurant Ready Corner Property

      Equipped restaurant space with high visibility and traffic.
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    Similar Nearby for Lease

    • $1,450 /Mo
      10,019 SF

      El Paso Retail Space Available

      Remodeled retail space with I-10 billboard visibility for lease.
      6424 Gateway Blvd E, El Paso, TX 79905
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space Available For Rent

      Retail space available for rent in El Paso, Texas.
      6920 Delta Dr, El Paso, TX 79905
      View Details
    • Contact for pricing
      1,858 SF

      Retail Space in El Paso

      Retail space available for lease in El Paso, Texas.
      2901 Alameda Ave, El Paso, TX 79905
      View Details
    • $1,800 /Mo
      4,792 SF

      Commercial Kitchen Space Available

      Commercial kitchen with stoves, ovens, and storage in El Paso.
      5833 Ybarra Ct, El Paso, TX 79905
      View Details
    • $2,000 /Mo
      6,098 SF

      El Paso Commercial Office Space

      1,652 SF office space for rent in El Paso.
      3905 Durazno Ave, El Paso, TX 79905
      View Details
    • Contact for pricing
      4,722 SF

      El Paso Office Space Available

      Office space with high visibility near medical and business centers.
      5301 Alameda Ave, El Paso, TX 79905
      View Details
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    3407 Alameda Ave
    El Paso, TX 79905-2307
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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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