Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    4610 Woodrow Bean El Paso, TX 79924

    • Turn key restaurants
    • 10,594 SF
    • 2.06 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-5274820
    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

    • Turn key restaurants

    Property Details for 4610 Woodrow Bean

    Year built
    2004
    Lot size
    2.06 lot acres
    Property size
    10,594 SF
    Zone code
    C3
    Property type
    Turn key restaurants
    APN
    C232-999-0080-0160
    APU
    C23299900800160

    Description

    This exceptional 30,006 square foot commercial land parcel is ideally situated in Northeast El Paso, Texas, at 4610 Woodrow Bean, zip code 79924. The property boasts a highly desirable C-3 zoning designation, offering a wide range of development possibilities. Its strategic location provides unparalleled access to major thoroughfares, including Transmountain Drive, I-54 (Patriot Freeway), and Mesa Street, ensuring high visibility and convenient access for customers and employees. The surrounding area is anchored by a robust mix of established businesses, creating a thriving commercial environment. Nearby businesses include, but are not limited to, Walmart, Lowe's, Applebee's, Golden Corral, Wells Fargo, Denny's, Chili's, and Starbucks. This prime location makes the property exceptionally well-suited for a variety of commercial developments, including retail, medical facilities, or office spaces. The land is priced at $15 per square foot, representing a compelling investment opportunity in a rapidly growing area of El Paso. The property's size and location present a unique chance to develop a significant commercial project in a high-traffic area with strong existing infrastructure and a dense concentration of consumers. This is a rare opportunity to acquire a substantial commercial lot in a prime El Paso location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $545,000

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

    Location Insight

    • Map
    • Local Demand
    City
    El Paso
    County
    El Paso
    State
    Texas
    Longitude
    -106.436
    Latitude
    31.8967
    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
    $49,792
    $609,891
    $1,190,109
    $1,800,000
    -
    $609,891
    $1,190,109
    $1,800,000

    Comparable in this City

    • Value Estimation
      $490,000
      5,292 SF

      4700 Woodrow Bean

      RESTAURANT • 5,292 SF
      4700 Woodrow Bean, El Paso, TX 79924-4406
      View Details
    • Value Estimation
      $640,000
      12,116 SF

      9800 Gtwy N Blvd

      RESTAURANT • 12,116 SF
      9800 Gtwy N Blvd, El Paso, TX 79924-4410
      View Details
    • Value Estimation
      $545,000
      4,654 SF

      9933 Kenworthy St

      RESTAURANT • 4,654 SF
      9933 Kenworthy St, El Paso, TX 79924-4404
      View Details
    • Value Estimation
      $440,000
      3,711 SF

      9567 Dyer St

      RESTAURANT • 3,711 SF
      9567 Dyer St, El Paso, TX 79924-4701
      View Details
    • Value Estimation
      $755,000
      13,960 SF

      9450 Dyer St

      RESTAURANT • 13,960 SF
      9450 Dyer St, El Paso, TX 79924-6413
      View Details
    • Value Estimation
      $445,000
      5,568 SF

      9225 Dyer St

      RESTAURANT • 5,568 SF
      9225 Dyer St, El Paso, TX 79924-6419
      View Details

    Similar Nearby for Sale

    • New
      $110,000
      Pending

      El Paso Retail Investment Opportunity

      Retail property for sale in established El Paso neighborhood.
      10017 Caribou Dr, El Paso, TX 79924
      View Details
    • $1,650,000
      16.65 Acres

      Prime El Paso Commercial Land

      16.65 Acres, C-3 Zoning, Multi-Family Potential
      9499 Diana Dr, El Paso, TX 79924
      View Details
    • $340,000
      0.42 Acres

      El Paso Commercial Land: Dyer St.

      0.42-acre C1 zoned lot, $340,000.
      9555 Dyer St, El Paso, TX 79924
      View Details
    • $583,000
      1.03 Acres

      El Paso Commercial Corner Lot

      Commercial corner lot in North East El Paso, Texas.
      375 Bomarc St, El Paso, TX 79924
      View Details
    • Contact for pricing

      Land For Sale El Paso

      Land available for sale at 4610 Woodrow Bean, El Paso, TX.
      4610 Woodrow Bean, El Paso, TX 79924
      View Details
    • $135,000
      833 SF

      El Paso Duplex For Sale

      Corner half duplex with replaced roof, great investment property.
      5939 Deer Ave, El Paso, TX 79924
      View Details

    Similar Nearby for Lease

    • $21 SF/Yr
      1,200 SF

      Retail Space in Growing Area

      Retail spaces available in high-growth Northeast El Paso location.
      5905 Sun Valley Dr, El Paso, TX 79924
      View Details
    • Contact for pricing
      1,602 SF

      Paso Village Center Retail Space

      Prime Retail/Office Space Available Now
      9787 Mccombs St, El Paso, TX 79924
      View Details
    • Contact for pricing
      1,284 SF

      Retail Space Available For Rent

      Retail space available for lease in El Paso, Texas.
      Mccombs St, El Paso, TX 79924
      View Details
    • Contact for pricing
      2,100 SF

      Retail Space in Desert Mountain Plaza

      Retail space available in a busy El Paso shopping center.
      4650 Woodrow Bean, El Paso, TX 79924
      View Details
    • Contact for pricing
      71,407 SF

      Dyer Ave Retail Center Investment

      El Paso Retail Space: 1,650 - 15,710 SF
      9740 Dyer St, El Paso, TX 79924
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in El Paso

      Retail space available for lease in El Paso, Texas.
      4824 Woodrow Bean, El Paso, TX 79924
      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.
    4610 Woodrow Bean
    El Paso, TX 79924
    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.