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

    3655 George Dieter Dr El Paso, TX 79936

    • Commercial real estate
    • 1.82 lot acres
    For Sale
    View listing
    $1,239,995
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3674197
    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

    • Commercial real estate

    Property Details for 3655 George Dieter Dr

    Lot size
    1.82 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional mixed-use retail space, located on the revitalized Avenue of Fashion in West Detroit, offers three available suites ranging from 1,590 to 2,227 square feet. Housed in a historically significant building, originally the iconic B. Siegel Department Store, this property boasts a prime location at the southeast corner of 7 Mile and Livernois. The building underwent a complete renovation in 2019, seamlessly blending its classic charm with modern amenities. The property features a total of 5,617 square feet of retail space across three suites, with several parking spaces available. This Class C building, constructed in 1949, is part of a larger mixed-use development encompassing retail, commercial space, and residential lofts. The surrounding area has recently undergone a multi-million dollar renovation, including new pedestrian promenades, bike lanes, landscaping, and bike share stations. This presents a unique opportunity to establish a business in a thriving, rapidly developing neighborhood, surrounded by prestigious Detroit communities. The minimum divisible space is 1,590 square feet, with a maximum contiguous space of 2,227 square feet. This location benefits from increased energy and investment, making it an ideal time to capitalize on the resurgence of the Avenue of Fashion.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    El Paso
    County
    El Paso
    State
    Texas
    Longitude
    -106.30243518809
    Latitude
    31.799052968346

    Comparable in this City

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      El Paso Commercial Land - 1.7 Acres

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      3651 George Dieter Dr, El Paso, TX 79936
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    Similar Nearby for Sale

    • $1,008,320
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      El Paso Commercial Land - 1.7 Acres

      Prime El Paso location, high traffic, development ready.
      3651 George Dieter Dr, El Paso, TX 79936
      View Details
    • Contact for pricing
      13,600 SF

      El Paso Industrial Property

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    • $2,500,000
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      Lee Blvd Industrial Property

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    • $849,950
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      New Construction Flex Office Warehouse

      New construction flex office warehouse with C-4 zoning for sale.
      3605 Esper Dr, El Paso, TX 79936
      View Details
    • Contact for pricing

      El Paso Industrial Distribution Center

      Modern Warehouse Space, I-10 Access
      12153 Rojas Dr, El Paso, TX 79936
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    • $1,595,000
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      Industrial facility on one acre with two warehouse buildings.
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      View Details

    Similar Nearby for Lease

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      3,600 SF

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      1,000,000 SF

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      Large industrial warehouse space available for lease in El Paso.
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    • $3,650 /Mo
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      99,507 SF

      Alliance Vista del Sol Warehouse Space

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      203,416 SF

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      43,200 SF

      Secured Industrial Property with Storage

      Industrial property with fenced, secured storage and highway access.
      12120 Rojas Dr, El Paso, TX 79936
      View Details
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    El Paso, TX 79936
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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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