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

    376 Mccune Rd El Paso, TX 79915-3395

    • Office buildings
    • 1,625 SF
    • 0.50 lot acres
    OFF-MARKET
    Value Estimations
    $300,000
    Show details
    Cap Rate Potential
    7.4%
    Office buildings
    Location Intelligence
    Property ID
    US82-3087215
    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

    • Office buildings

    Property Details for 376 Mccune Rd

    Year built
    1955
    Construction
    CONCRETE BLOCKS
    Lot size
    0.50 lot acres
    Property size
    1,625 SF
    Zone code
    R-4
    Property type
    Office buildings
    APN
    M238-999-0010-1600
    APU
    M23899900101600

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $300,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $365,000
      6.5%
      $340,000
      7%
      $315,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $271,000
      Market price range: $118k - $272k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $295,000
      AUTO REPAIR, GARAGE
      $220,000
      RETAIL STORES
      $215,000
      COMMERCIAL (GENERAL)
      $195,000

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

    Location Insight

    • Map
    • Local Demand
    City
    El Paso
    County
    El Paso
    State
    Texas
    Longitude
    -106.356
    Latitude
    31.7288
    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
    2019
    $8,091
    $35,914
    $243,796
    $279,710
    -
    $35,914
    $243,796
    $279,710

    Comparable in this City

    • Value Estimation
      $280,000
      450 SF

      7200 Dl Rd

      OFFICE BUILDING • 450 SF
      7200 Dl Rd, El Paso, TX 79915-2433
      View Details
    • Value Estimation
      $370,000
      2,000 SF

      7956 Heid Ave

      OFFICE BUILDING • 2,000 SF
      7956 Heid Ave, El Paso, TX 79915-2777
      View Details
    • Value Estimation
      $295,000
      2,463 SF

      7277 Alameda Ave

      OFFICE BUILDING • 2,463 SF
      7277 Alameda Ave, El Paso, TX 79915-3591
      View Details
    • Value Estimation
      $460,000
      841 SF

      450 Gallagher St

      OFFICE BUILDING • 841 SF
      450 Gallagher St, El Paso, TX 79915-3139
      View Details
    • Value Estimation
      $305,000
      2,700 SF

      7237 Dl Rd

      OFFICE BUILDING • 2,700 SF
      7237 Dl Rd, El Paso, TX 79915-2414
      View Details
    • Value Estimation
      $305,000
      3,884 SF

      160 Mnr Pl

      OFFICE BUILDING • 3,884 SF
      160 Mnr Pl, El Paso, TX 79915-3677
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      34,521 SF

      Medical Office Building Investment Opportunity

      Multi-tenant medical office building with high visibility and modern amenities.
      7812 E Gateway Blvd, El Paso, TX 79915
      View Details
    • New
      $175,000
      0.12 Acres

      Versatile Commercial Property in El Paso

      Adaptable commercial space ideal for small business or professional services.
      7907 Alameda Ave, El Paso, TX 79915
      View Details
    • $695,000
      0.93 Acres

      El Paso Commercial Investment Property

      Versatile commercial property with multiple income streams in El Paso.
      7272 Alameda Ave, El Paso, TX 79915
      View Details
    • $400,000
      4,200 SF

      Medical Clinic with Additional Structures

      Property with medical clinic, mobile home, containers, and parking agreement.
      7457 Alameda Ave, El Paso, TX 79915
      View Details
    • $490,000
      0.34 Acres

      Versatile Office Warehouse in El Paso

      Office and warehouse space in a high-traffic location.
      7069 Alameda Ave, El Paso, TX 79915
      View Details
    • $2,600,000
      4.00 Acres

      El Paso Commercial Property For Sale

      Multi-building commercial property with diverse potential in El Paso, Texas.
      7722 N Loop Dr, El Paso, TX 79915
      View Details

    Similar Nearby for Lease

    • $4 SF/Yr
      51,900 SF

      Historic El Paso School Building

      Unique 51,900 SF building on 7.11 acres for lease.
      7090 Alameda Ave, El Paso, TX 79915
      View Details
    • Contact for pricing
      3,693 SF

      Alameda Ave Retail/Office Space

      Prime El Paso retail & office space available.
      7100 Alameda Ave, El Paso, TX 79915
      View Details
    • Contact for pricing
      12,000 SF

      Valle Verde Plaza: El Paso Office Space

      Prime East El Paso Office Suites Available
      7206 Loop Dr, El Paso, TX 79915
      View Details
    • Contact for pricing
      178,066 SF

      El Paso Industrial Space Available

      Large warehouse space for lease in El Paso, TX.
      6968 Industrial Ave, El Paso, TX 79915
      View Details
    • Contact for pricing
      800 SF

      Retail Space Available For Rent

      800 square feet retail space for rent in El Paso.
      850 N Carolina Dr, El Paso, TX 79915
      View Details
    • Contact for pricing
      43,469 SF

      Industrial Space Available For Lease

      Industrial property with 43,469 square feet available for lease.
      6969 Market Ave, El Paso, TX 79915
      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.
    376 Mccune Rd
    El Paso, TX 79915-3395
    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.