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

    3500 Fillmore Ave El Paso, TX 79930-4938

    • Strip malls
    • 5,800 SF
    • 0.43 lot acres
    OFF-MARKET
    Value Estimations
    $305,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3729047
    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

    • El Nuevo Sol Market / Grocery Store

    Property Details for 3500 Fillmore Ave

    Year built
    1960
    Lot size
    0.43 lot acres
    Property size
    5,800 SF
    Zone code
    C2
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    M794-999-0900-9200
    APU
    M79499909009200

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $320,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $292,000
      Market price range: $292k - $514k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $410,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    El Paso
    County
    El Paso
    State
    Texas
    Longitude
    -106.452
    Latitude
    31.8172
    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
    $5,828
    $65,844
    $144,856
    $210,700
    -
    $65,844
    $144,856
    $210,700

    Comparable in this City

    • Value Estimation
      $310,000
      6,077 SF

      4601 Dyer St

      SHOPPING CENTER, STRIP CENTER • 6,077 SF
      4601 Dyer St, El Paso, TX 79930-6821
      View Details
    • Value Estimation
      $295,000
      3,066 SF

      4108 Piedras St

      SHOPPING CENTER, STRIP CENTER • 3,066 SF
      4108 Piedras St, El Paso, TX 79930-4112
      View Details
    • Value Estimation
      $395,000
      5,224 SF

      3910 Dyer St

      SHOPPING CENTER, STRIP CENTER • 5,224 SF
      3910 Dyer St, El Paso, TX 79930-6659
      View Details
    • Value Estimation
      $390,000
      7,531 SF

      4001 Ft Blvd

      SHOPPING CENTER, STRIP CENTER • 7,531 SF
      4001 Ft Blvd, El Paso, TX 79930-6508
      View Details
    • Value Estimation
      $545,000
      13,660 SF

      4020 Monroe Ave

      SHOPPING CENTER, STRIP CENTER • 13,660 SF
      4020 Monroe Ave, El Paso, TX 79930-6645
      View Details
    • Value Estimation
      $295,000
      3,600 SF

      3524 Hayes Ave

      SHOPPING CENTER, STRIP CENTER • 3,600 SF
      3524 Hayes Ave, El Paso, TX 79930-5015
      View Details

    Similar Nearby for Sale

    • $650,000
      0.26 Acres

      Retail Strip in El Paso

      Retail strip with four units, suitable for start-ups.
      5017 Dyer St, El Paso, TX 79930
      View Details
    • Contact for pricing
      1,056 SF

      El Paso QSR/Restaurant - NNN Lease

      Prime El Paso location, 1,056 SF, strong tenant.
      2519 Piedras St, El Paso, TX 79930
      View Details
    • $1,600,000
      16,074 SF

      El Paso Office Property For Sale

      16,074 SF office building on 1.5 acres in El Paso.
      4710 Alabama St, El Paso, TX 79930
      View Details
    • $195,000
      1,144 SF

      El Paso Duplex Near 5Points

      Duplex near 5 Points district, each unit: 1BR/1BA.
      1813 Alabama St, El Paso, TX 79930
      View Details
    • $118,000
      1,281 SF

      El Paso Duplex Investment Opportunity

      Value-add duplex in central El Paso with investment potential.
      3327 Mobile Ave, El Paso, TX 79930
      View Details
    • $165,000
      1,579 SF

      El Paso Triplex Opportunity

      Triplex with flexible units, recent updates, and investment potential.
      3312 Justus St, El Paso, TX 79930
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,150 SF

      Retail Space in El Paso

      Retail space available for rent in El Paso, Texas.
      4020 Monroe Ave, El Paso, TX 79930
      View Details
    • Contact for pricing
      1,500 SF

      Grant Ave Retail/Office Space

      Prime El Paso location, flexible space available.
      2002 Grant Ave, El Paso, TX 79930
      View Details
    • $1,700 /Mo
      8,712 SF

      Retail Space on Dyer Street

      Retail space for lease with high visibility on Dyer.
      4320 Dyer St, El Paso, TX 79930
      View Details
    • $695 /Mo
      1,307 SF

      El Paso Commercial Space Available

      Commercial space in high-traffic area, ideal for retail or office.
      3524 Hayes Ave, El Paso, TX 79930
      View Details
    • $8,200 /Mo
      3,920 SF

      El Paso Call Center Space

      Call center space for lease with included amenities.
      3210 Dyer St, El Paso, TX 79930
      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.
    3500 Fillmore Ave
    El Paso, TX 79930-4938
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.