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Property profile & analytics
OFF-MARKET
Estimated value
$765,000
Medical Office Space
406 Chelsea St El Paso, TX 79905-1708
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US82-2828227
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
1972
Construction
CONCRETE BLOCKS
Total area
6,000 SF
Lot
0.37 ac (16,021 SF)
Zoning code
SCZ
APN
B724-999-0180-3600
UPID
US82-2828227
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Julio Martinez Physician
-
Roseanne Alvillar Physician
-
Juan Mendoza Physician
-
Enrique Luna Physician
-
Georgina Cervantes, OTR Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$680k
Blend (final)
Blend
$765k
Owner & transaction history
Pasitos Clinic LLC · 8 yrs held
Pasitos Clinic LLC
since 2017
2 recorded transactions
Zoning & alternative use
SCZ · El Paso, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Smart Code Zone
General category
UNKNOWN
Zone area
34.85 ac
Source
Realmo
Top alternative use upside
Restaurant
$1.0M
+59.1%
Retail stores
$880,000
+37.4%
Commercial (general)
$820,000
+28.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs El Paso submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs El Paso submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$640,000
Current use
RESTAURANT
$1,020,000
Change: +59% · Conversion: Difficult
RETAIL STORES
$880,000
Change: +37% · Conversion: Difficult
COMMERCIAL (GENERAL)
$820,000
Change: +28% · Conversion: Easy
AUTO REPAIR, GARAGE
$805,000
Change: +26% · Conversion: Difficult
OFFICE BUILDING
$650,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$765k
Range $689k – $842k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$128 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$18,229
Tax year 2023
Assessed value
$659,000
Assessed 2023
Previous assessed
$659,000
+0.0% YoY
Effective rate
2.77%
On assessed value
Assessed land
$139,054
Assessed improvement
$519,946
Land market value
$139,054
Improvement market value
$519,946
Total market value
$659,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
1972
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
6,000 SF
Lot
0.37 ac (16,021 SF)
Zoning code
SCZ
APN
B724-999-0180-3600
UPID
US82-2828227
Jurisdiction
EL PASO
Zoning & alternative use
SCZ · El Paso, TXZoning SCZ · permitted uses
SCZ · El Paso, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Smart Code Zone
General category
UNKNOWN
Zone area
34.85 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$640,000
RESTAURANT
Est. value
$1.0M
RETAIL STORES
Est. value
$880,000
COMMERCIAL (GENERAL)
Est. value
$820,000
AUTO REPAIR, GARAGE
Est. value
$805,000
OFFICE BUILDING
Est. value
$650,000
MEDICAL BUILDING Current
RESTAURANT
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1972
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.37 ac
Current owner
From public records · entity-resolved
Pasitos Clinic LLC
Entity
Mailing address
406 CHELSEA ST, EL PASO, TX 79905-1708
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2017
—
Pasitos Clinic LLC
Nebhan,donald J
Warranty Deed
$337,600 · Bank Of America
Aug 1, 2011
—
Donald J Nebhan
Nebhan John
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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