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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Medical Office Space
4655 Cohen Ave El Paso, TX 79924-4415
Entity Owned
7-yr Hold
Free & Clear
Property ID
US82-2630140
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2003
Construction
WOOD
Total area
4,982 SF
Lot
0.69 ac (29,869 SF)
Zoning code
C-1
APN
C232-999-0080-7500
UPID
US82-2630140
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
-
UMC Hospital
-
Dr. Oluwamayowa Franklin. Familua. MD. MRCS. FACS. Diplomate, American Board of Surgery Physician
-
Marie Ortega Physician
-
Oluwamayowa Franklin Familua Physician
-
Patricia Torres Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$515k
CAP Approach
CAP
$620k
Comparable Approach
Comparable
$559k
Blend (final)
Blend
$565k
Owner & transaction history
Prime Advantage LLC · 7 yrs held
Prime Advantage LLC
since 2019
5 recorded transactions
Zoning & alternative use
C-1 · El Paso, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$670,000
+68.6%
Commercial (general)
$575,000
+45.4%
Office building
$530,000
+33.1%
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
$515,000
CAP Approach
CAP Return
Estimation
6%
$675,000
6.5%
$620,000
7%
$575,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$395,000
Current use
AUTO REPAIR, GARAGE
$670,000
Change: +69% · Conversion: Difficult
COMMERCIAL (GENERAL)
$575,000
Change: +45% · Conversion: Easy
OFFICE BUILDING
$530,000
Change: +33% · Conversion: Easy
RETAIL STORES
$505,000
Change: +27% · Conversion: Difficult
Blend value · Realmo final
$565k
Range $509k – $622k · ±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
$113 / 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
$27,055
Tax year 2023
Assessed value
$978,047
Assessed 2023
Previous assessed
$978,047
+0.0% YoY
Effective rate
2.77%
On assessed value
Assessed land
$238,960
Assessed improvement
$739,087
Land market value
$238,960
Improvement market value
$739,087
Total market value
$978,047
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 BUILDING
Status
Off-Market
Year built
2003
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
4,982 SF
Lot
0.69 ac (29,869 SF)
Zoning code
C-1
APN
C232-999-0080-7500
UPID
US82-2630140
Jurisdiction
EL PASO
Zoning & alternative use
C-1 · El Paso, TX
Zoning C-1 · permitted uses
C-1 · 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
MEDICAL BUILDING Current
Est. value
$395,000
AUTO REPAIR, GARAGE
Est. value
$670,000
COMMERCIAL (GENERAL)
Est. value
$575,000
OFFICE BUILDING
Est. value
$530,000
RETAIL STORES
Est. value
$505,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
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
2003
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.69 ac
Current owner
From public records · entity-resolved
Prime Advantage LLC
Entity
Free & Clear · 7 yrs held
Mailing address
4655 COHEN AVE, EL PASO, TX 79924-4415
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 6, 2019
—
Prime Advantage LLC
Legacy Choice Properties INC
Warranty Deed
—
Nov 13, 2018
—
Legacy Choice Properties INC
Lynch Business Services LLC
Venders Lien
$680,000 · Cit Bank NA
Oct 31, 2016
—
Lynch Business Services LLC
Bowling Ents Ltd
Warranty Deed
related
—
Dec 18, 2012
—
Clint Palms Ltd
Bowling Enterprises Ltd
Warranty Deed
$7,000,000 · Bank Of America
Oct 29, 2008
—
Palmas Apartments Ltd
Bowling Construction LLC
Warranty Deed
$490,000 · City Bank Texas
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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