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Property profile & analytics
OFF-MARKET
Estimated value
$970,000
Strip malls
4601 Hondo Pass Dr El Paso, TX 79904-1419
Entity Owned
15-yr Hold
Free & Clear
Property ID
US82-0153344
Property summary
AI-generated overview
This exceptional retail and office property, located at 4601 Hondo Pass Dr, El Paso, Texas 79924, presents a unique investment opportunity. Situated in the established Hondo Pass and Stahala market, this multi-tenant building offers excellent visibility and convenient access from two streets, ensuring high traffic flow and potential customer reach. The available space totals 3,069 square feet, ideal for a variety of businesses. The property is zoned C-1, allowing for a range of commercial uses. Its location in El Paso County, Texas, provides access to a thriving community and strong consumer base. This property is perfect for businesses seeking a high-traffic location with excellent visibility and accessibility. The space is currently available for lease. The property's strategic location within a well-established commercial area makes it an attractive option for businesses looking to establish or expand their presence in the El Paso market. This is a rare opportunity to secure a prime retail and office space in a high-demand area.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1983
Total area
19,316 SF
Lot
1.61 ac (69,914 SF)
Zoning code
C1
APN
C232-999-0020-1000
UPID
US82-0153344
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
-
Valeo Rehab Physician
-
QD's Venue Hotel & Motel Resort
-
Korea House Restaurant Restaurant
-
MERLE NORMAN COSMETICS STUDIO Hair Salon Nail Salon
-
Salon Source Of El Paso Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$970k
Owner & transaction history
Ten East Partners LP · 15 yrs held
Ten East Partners LP
since 2011
4 recorded transactions
Zoning & alternative use
C1 · El Paso, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
NEIGHBORHOOD: SHOPPING CENTER
$1,470,000
Current use
Blend value · Realmo final
$970k
Range $873k – $1.07M · ±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
$50 / 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
$30,872
Tax year 2023
Assessed value
$1,116,033
Assessed 2023
Previous assessed
$1,116,033
+0.0% YoY
Effective rate
2.77%
On assessed value
Assessed land
$376,132
Assessed improvement
$739,901
Land market value
$376,132
Improvement market value
$739,901
Total market value
$1,116,033
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1983
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
19,316 SF
Lot
1.61 ac (69,914 SF)
Zoning code
C1
APN
C232-999-0020-1000
UPID
US82-0153344
Jurisdiction
EL PASO
Zoning & alternative use
C1 · El Paso, TX
Zoning C1 · permitted uses
C1 · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER Current
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
1983
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.61 ac
Current owner
From public records · entity-resolved
Ten East Partners LP
Entity
Free & Clear · 15 yrs held
Mailing address
6500 MONTANA AVE, EL PASO, TX 79925-2129
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2019
—
Burnham Hondo LLC
—
Deed
related
$2,000,000 · Firstlight FCU
Apr 8, 2011
—
Ten East Partners LP
Sybac LLC
Warranty Deed
—
Jun 14, 2004
—
Sybac LLC
Cabys Landscape Garden Center
Grant Deed
$640,000 · First Savings Bank
—
—
Burnham Hondo LLC
—
Deed Of Trust
related
$2,000,000 · Firstlight FCU
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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