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    402 S El Paso St El Paso, TX 79901
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    Property profile & analytics

    402 S El Paso St El Paso, TX 79901

    View on Map
    • Retail space
    • 10,200 SF
    • 0.28 lot acres
    For Sale
    $3,100,000
    View Listing →
    Downtown El Paso Commercial Building For Sale
    $3,100,000
    22,200 SF

    Downtown El Paso Commercial Building

    Three-story commercial building in the heart of Downtown El Paso.

    402 S EL PASO Street, El Paso, TX 79901
    View Listing
    Property ID
    US82-2364935
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 402 S El Paso St

    Year built
    1910
    Lot size
    0.28 lot acres
    Property size
    10,200 SF
    Zone code
    C5
    Property type
    Retail space
    APN
    M473-999-0340-4500
    APU
    M47399903404500

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,105,000
      Market price range: $502k - $1.22M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $870,000
      Current use
      RESTAURANT
      $1,485,000
      Change: +70% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,370,000
      Change: +57% Conversion: Difficult
      OFFICE BUILDING
      $910,000
      Change: +4% Conversion: Easy
      MEDICAL BUILDING
      $815,000
      Change: -6% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $810,000
      Change: -7% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    El Paso
    County
    El Paso
    State
    Texas
    Longitude
    -106.488
    Latitude
    31.7559
    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
    $21,560
    $734,400
    $12,594
    $746,994
    -
    $734,400
    $12,594
    $746,994

    Comparable in this City

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      11,488 SF

      108 Stanton St

      RETAIL STORES (PERSONAL SERVICES) • 11,488 SF
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    • Value Estimation by Request
      1,050 SF

      306 Hls St

      RETAIL STORES (PERSONAL SERVICES) • 1,050 SF
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    • Value Estimation
      $545,000
      4,250 SF

      700 El Paso St

      RETAIL STORES (PERSONAL SERVICES) • 4,250 SF
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    • Value Estimation by Request
      8,576 SF

      315 El Paso St

      RETAIL STORES (PERSONAL SERVICES) • 8,576 SF
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      View Details
    • Value Estimation by Request
      2,400 SF

      711 El Paso St

      RETAIL STORES (PERSONAL SERVICES) • 2,400 SF
      711 El Paso St, El Paso, TX 79901-2731
      View Details

    Similar Nearby for Sale

    • $4,900,000

      El Paso Retail/Office Opportunity

      Well-maintained property suitable for retail or office use.
      119 N Stanton St, El Paso, TX 79901
      View Details
    • $3,100,000
      22,200 SF

      Downtown El Paso Commercial Building

      Three-story commercial building in the heart of Downtown El Paso.
      402 S El Paso St, El Paso, TX 79901
      View Details
    • $250,000
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      Downtown El Paso Retail Building

      Open space retail building with potential for residential conversion.
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    • $1,000,000
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      Downtown El Paso Commercial Building

      Two-story commercial building in downtown El Paso for sale.
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      View Details
    • $450,000
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      Downtown El Paso Commercial Property

      Multi-tenant property near Stanton International Bridge, ideal for retail.
      612 S Stanton St, El Paso, TX 79901
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    • $1,050,000
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      El Paso Commercial Investment Opportunity

      Commercial property with five spaces near Stanton International Bridge.
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    Similar Nearby for Lease

    • Contact for pricing
      1,959 SF

      Retail Space Available For Lease

      1959 SF retail space available for lease.
      212 E Mills Ave, El Paso, TX 79901
      View Details
    • Contact for pricing

      Prime Retail Space Available

      Retail space for rent in a high-traffic downtown location.
      201 N Mesa St, El Paso, TX 79901
      View Details
    • Contact for pricing
      1,250 SF

      Retail Space in El Paso

      Retail space available for lease in El Paso, Texas.
      501 S Campbell St, El Paso, TX 79901
      View Details
    • Contact for pricing
      7,886 SF

      Downtown El Paso Retail Opportunity

      Stand-alone building in Downtown El Paso, suitable for various retailers.
      321 N Stanton St, El Paso, TX 79901
      View Details
    • Contact for pricing
      2,160 SF

      Retail Space in El Paso

      Retail space available for lease in El Paso, Texas.
      409 S Kansas St, El Paso, TX 79901
      View Details
    • $1,400 /Mo
      10,890 SF

      Downtown El Paso Commercial Space

      Versatile commercial space in downtown El Paso near transit.
      600 S Santa Fe St, El Paso, TX 79901
      View Details
    View Listing
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    El Paso, TX 79901
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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.

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