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Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Turn key restaurants
4500 Hondo Pass Dr El Paso, TX 79904-1308
Trust Owned
7-yr Hold
Free & Clear
Property ID
US82-9106963
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2013
Construction
WOOD
Total area
4,594 SF
Lot
1.7 ac (74,226 SF)
Zoning code
C-3
APN
K401-999-0010-0250
UPID
US82-9106963
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
-
IHOP Restaurant
-
NASCAR Refuel Tenders & Burgers Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$530k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$786k
Blend (final)
Blend
$655k
Owner & transaction history
Stettheimer,joseph & Tracye Trust · 7 yrs held
Stettheimer,joseph & Tracye Trust
since 2019
6 recorded transactions
Zoning & alternative use
C-3 · El Paso, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$690,000
+5.2%
Commercial (general)
$685,000
+4.6%
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
$530,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$655,000
Current use
RETAIL STORES
$690,000
Change: +5% · Conversion: Easy
COMMERCIAL (GENERAL)
$685,000
Change: +5% · Conversion: Easy
AUTO REPAIR, GARAGE
$615,000
Change: -6% · Conversion: Difficult
OFFICE BUILDING
$615,000
Change: -7% · Conversion: Moderate
MEDICAL BUILDING
$530,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$655k
Range $590k – $721k · ±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
$143 / 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
$33,471
Tax year 2023
Assessed value
$1,350,000
Assessed 2023
Previous assessed
$1,350,000
+0.0% YoY
Effective rate
2.48%
On assessed value
Assessed land
$382,969
Assessed improvement
$967,031
Land market value
$382,969
Improvement market value
$967,031
Total market value
$1,350,000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2013
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Total area
4,594 SF
Lot
1.7 ac (74,226 SF)
Zoning code
C-3
APN
K401-999-0010-0250
UPID
US82-9106963
Jurisdiction
EL PASO
Zoning & alternative use
C-3 · El Paso, TX
Zoning C-3 · permitted uses
C-3 · El Paso, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
El Paso. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$655,000
RETAIL STORES
Est. value
$690,000
COMMERCIAL (GENERAL)
Est. value
$685,000
AUTO REPAIR, GARAGE
Est. value
$615,000
OFFICE BUILDING
Est. value
$615,000
MEDICAL BUILDING
Est. value
$530,000
RESTAURANT Current
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL 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
2013
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
1.7 ac
Current owner
From public records · entity-resolved
Stettheimer,joseph & Tracye Trust
Trust
Free & Clear · 7 yrs held
Mailing address
4413 103RD ST, LUBBOCK, TX 79424-7909
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2019
—
Stettheimer,joseph & Tracye Trust
Stettheimer,joe & Tracye
Quit Claim Deed
related
—
Jan 13, 2015
—
Hondo Pass Investment LLC
—
Trustees Deed
related
$136,000 · Wallis St Bk
Jan 9, 2015
—
Hondo Pass Investment LLC
—
Trustees Deed
related
$500,000 · Wallis St Bk
Jul 22, 2014
—
Acg 3413 LP
—
Loan Modification
related
$55,000,000 · Bank Of America
Oct 4, 2013
—
Joe Stettheimer
Acg Texas LP
Grant Deed
—
—
—
Acg 3413 LP
—
Deed Of Trust
related
$45,500,000 · Bank Of America/il
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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