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

    404 Arizona Ave El Paso, TX 79902-4258

    • Turn key restaurants
    • 6,464 SF
    • 0.27 lot acres
    OFF-MARKET
    Value Estimations
    $755,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0392407
    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

    • Eat Up Market / Food Court
    • Glia's Coffee Co. / Coffee Shop
    • El Canano, The Bar / Bar
    • Tortas Parra USA / Restaurant
    • International Cocktail Lounge / Cocktail Bar

    Property Details for 404 Arizona Ave

    Year built
    2021
    Construction
    WOOD
    Lot size
    0.27 lot acres
    Property size
    6,464 SF
    Zone code
    SD
    Property type
    Turn key restaurants
    APN
    A462-999-0020-3600
    APU
    A46299900203600

    Description

    This exceptional opportunity presents three available spaces within the brand-new Eat Up Food Court, a vibrant culinary destination in El Paso, Texas. Located just blocks from the heart of downtown, this food court enjoys a highly desirable position, directly on the trolley line and adjacent to key landmarks including the El Paso Independent School District (EPISD) Headquarters, the University of Texas at El Paso (UTEP) Health Sciences Building, and Cathedral High School. This ensures a constant flow of potential customers from diverse demographics. Each available space offers a generous footprint, ranging from 424 to 461 square feet, providing ample room for a variety of food service concepts. The modern design includes a shared common dining area, creating a welcoming atmosphere for patrons. An attractive outdoor terrace provides additional seating and enhances the overall ambiance. A dedicated bar area further contributes to the social setting, encouraging lingering and repeat visits. The shared cost structure for maintenance simplifies operations, allowing businesses to focus on their core offerings. This is a unique chance to establish a presence in a thriving, high-traffic location with built-in customer appeal. The property is classified as Special Purpose, Land, with a total of six suites in the building, operating under a multiple tenancy arrangement. This is a turnkey opportunity in a rapidly developing area of El Paso County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $580,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $934,000
      Market price range: $648k - $1.29M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $935,000
      Current use
      AUTO REPAIR, GARAGE
      $865,000
      Change: -7% Conversion: Difficult
      RETAIL STORES
      $830,000
      Change: -11% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    El Paso
    County
    El Paso
    State
    Texas
    Longitude
    -106.491
    Latitude
    31.7664
    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
    $38,274
    $154,635
    $1,228,996
    $1,383,631
    -
    $154,635
    $1,228,996
    $1,383,631

    Comparable in this City

    • Value Estimation
      $375,000
      3,152 SF

      4176 Mesa St

      RESTAURANT • 3,152 SF
      4176 Mesa St, El Paso, TX 79902-1418
      View Details
    • Value Estimation
      $545,000
      12,054 SF

      3601 Mesa St

      RESTAURANT • 12,054 SF
      3601 Mesa St, El Paso, TX 79902-1807
      View Details
    • Value Estimation
      $325,000
      1,797 SF

      3501 Sun Bowl Dr

      RESTAURANT • 1,797 SF
      3501 Sun Bowl Dr, El Paso, TX 79902-2032
      View Details
    • Value Estimation
      $280,000
      2,378 SF

      401 Nevada Ave

      RESTAURANT • 2,378 SF
      401 Nevada Ave, El Paso, TX 79902-4240
      View Details
    • Value Estimation
      $275,000
      2,035 SF

      206 Cincinnati Ave

      RESTAURANT • 2,035 SF
      206 Cincinnati Ave, El Paso, TX 79902-3124
      View Details
    • Value Estimation
      $315,000
      3,229 SF

      1726 Montana Ave

      RESTAURANT • 3,229 SF
      1726 Montana Ave, El Paso, TX 79902-5705
      View Details

    Similar Nearby for Sale

    • $200,000
      3,490 SF

      Retail Property on Mesa Street

      Retail property for sale with 3490 square feet.
      4001 N Mesa St, El Paso, TX 79902
      View Details
    • $385,000
      0.14 Acres

      El Paso Commercial Property

      Commercial property near downtown El Paso with business potential.
      1112 Yandell Dr, El Paso, TX 79902
      View Details
    • $399,898
      0.19 Acres

      El Paso Commercial Opportunity

      Two-story commercial property with high visibility and versatile potential.
      1331 Wyoming Ave, El Paso, TX 79902
      View Details
    • $895,000
      0.39 Acres

      El Paso Commercial Opportunity

      Versatile commercial property near downtown and international bridges.
      1922 E Rio Grande Ave, El Paso, TX 79902
      View Details
    • Contact for pricing
      6,646 SF

      El Paso Office Buildings For Sale

      Two charming, remodeled office buildings.
      810 Wyoming Ave, El Paso, TX 79902
      View Details
    • $1,350,000
      0.36 Acres

      El Paso Courtyard Apartment Complex

      Twelve-unit apartment complex in central El Paso near downtown.
      1401 St N, El Paso, TX 79902
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,550 SF

      El Paso Retail Space: Mesa Street

      Prime Retail/Restaurant Space Available
      2900 Mesa St, El Paso, TX 79902
      View Details
    • $29 SF/Yr
      7,405 SF

      Historic Building with Modern Amenities

      Historic building blending original character with modern, functional spaces.
      1230 Wyoming Ave, El Paso, TX 79902
      View Details
    • $12 SF/Yr
      24,620 SF

      Retail Space on Mesa Street

      Retail space for lease in a well-located building complex.
      4009 North Mesa St, El Paso, TX 79902
      View Details
    • $950 /Mo
      436 SF

      Versatile Commercial Space in El Paso

      Prime commercial/residential space in central El Paso with high visibility.
      1101 E Yandell Dr, El Paso, TX 79902
      View Details
    • $3,000 /Mo
      8,276 SF

      El Paso Commercial Opportunity

      Two-story commercial property with high visibility and versatile space.
      1331 Wyoming Ave, El Paso, TX 79902
      View Details
    • Contact for pricing
      3,580 SF

      Retail Space Available For Rent

      Retail space available for lease in El Paso, Texas.
      1228 Wyoming Ave, El Paso, TX 79902
      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.
    404 Arizona Ave
    El Paso, TX 79902-4258
    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.