Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4841 Salem Dr El Paso, TX 79924-1821
    Back to Search
    Property profile & analytics

    4841 Salem Dr, El Paso, TX 79924-1821

    View on Map
    • Day care centers
    • 8,290 SF
    • 1.07 lot acres
    Off-Market
    Property ID
    US83-4255203
    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.
    Value Estimations
    $660,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • A Place To Grow / Daycare Center / Family Recreation Center
    • A PLACE TO GROW CHILD DEVELOPMENT CENTER / Daycare Center / Foster Care Service

    Property Details for 4841 Salem Dr

    Year built
    1981
    Lot size
    1.07 lot acres
    Zone code
    C1S
    Property type
    Day care centers
    APN
    A642-999-0400-5500
    APU
    A64299904005500

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 6, 2020 — Temp Glass INC — Deed · related $700k · Weststar Bk
    May 4, 2017 — Grupo Fm INC — Deed · related $700k · Weststar Bk
    Aug 1, 2016 — Grupo Fm INC — Deed · related $938k · Weststar Bk
    Nov 13, 2012 — Grupo Fm INC Vey Fin LLC Grant Deed · related —
    Sep 5, 2008 — Vey Fin LLC Anderson Steven E Trustees Deed · related —
    Dec 7, 2004 — Real Estate Ptrs Delgado Q F & V Ltd Warranty Deed $335k · J P Morgan Chase Bank
    Jun 21, 2004 $3,500 Qf & V INC Nieves,david Trustees Deed —
    — — Grupo Fm INC — Deed Of Trust · related $595k · Weststar Bank
    — — David Nieves — Deed Of Trust · related $882k · First Savings Bank
    — — Grupo Fm INC — Deed Of Trust · related $938k · Weststar Bk
    — — Grupo Fm INC — Deed Of Trust · related $700k · Weststar Bk
    — — Temp Glass INC — Loan Modification · related $700k · Weststar Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $520,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $798,000
      Market price range: $446k - $802k

    • Alternative Use

      Use
      Estimation
      COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
      $645,000
      Current use
      COMMERCIAL (GENERAL)
      $960,000
      Change: +49% Conversion: Difficult
      OFFICE BUILDING
      $880,000
      Change: +36% Conversion: Difficult
      RETAIL STORES
      $840,000
      Change: +30% Conversion: Difficult
      MEDICAL BUILDING
      $660,000
      Change: +2% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    El Paso
    County
    El Paso
    State
    Texas
    Longitude
    -106.433
    Latitude
    31.9179
    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
    $23,956
    $143,756
    $856,244
    $1,000,000
    -
    $143,756
    $856,244
    $1,000,000

    Comparable in this City

    • Value Estimation
      $565,000
      8,400 SF

      9112 Alps Dr

      DAY CARE, PRE-SCHOOL
      9112 Alps Dr, El Paso, TX 79924-7200
      View Details
    • Value Estimation
      $645,000
      7,810 SF

      10142 Dyer St

      DAY CARE, PRE-SCHOOL
      10142 Dyer St, El Paso, TX 79924-4246
      View Details
    • Value Estimation by Request
      9,464 SF

      10080 Dyer St

      DAY CARE, PRE-SCHOOL
      10080 Dyer St, El Paso, TX 79924-4255
      View Details
    • Value Estimation by Request
      3,130 SF

      10333 Grouse Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS
      10333 Grouse Rd, El Paso, TX 79924-2725
      View Details
    • Value Estimation by Request
      3,128 SF

      6145 Quail Ave

      PROFESSIONAL CLUBS/ASSOCIATIONS
      6145 Quail Ave, El Paso, TX 79924-4316
      View Details
    • Value Estimation by Request
      8,562 SF

      5535 Saluki Dr

      PROFESSIONAL CLUBS/ASSOCIATIONS
      5535 Saluki Dr, El Paso, TX 79924-4819
      View Details

    Similar Nearby for Sale

    • $1,693,500

      Versatile Building on Dyer Street

      33,000+ sq ft building with fenced 2.63-acre lot.
      10390 Dyer St, El Paso, TX 79924
      View Details
    • $1,050,000

      El Paso Retail Investment Opportunity

      Retail property in thriving Northeast El Paso, TX. Renovated in 2000.
      9429 Dyer St, El Paso, TX 79924
      View Details
    • Contact for pricing

      Land with Railroad Dr Frontage

      Large lot near planned homesites and Borderland Expressway project.
      10516 Railroad Dr, El Paso, TX 79924
      View Details
    • Contact for pricing

      Pad Site on US 54

      Pad site on US 54 frontage near major intersection.
      9150 Gateway Blvd N, El Paso, TX 79924
      View Details
    • Contact for pricing

      Land Site Near Future Amphitheater

      16.653 AC land site near future Sunset Amphitheater.
      9499 Diana Dr, 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

    Similar Nearby for Lease

    • Contact for pricing
      15,710 SF

      Commercial Space Available for Rent

      Commercial property with 15,710 square feet available for lease.
      9740 Dyer St, El Paso, TX 79924
      View Details
    • Contact for pricing
      2,400 SF

      El Paso Commercial Space Available

      Commercial space available for rent in El Paso, Texas.
      9201 Dyer St, El Paso, TX 79924
      View Details
    • Contact for pricing
      1,602 SF

      Retail Space Available For Rent

      Retail space available for lease at 9787 Mccombs St, El Paso, TX.
      9787 Mccombs St, El Paso, TX 79924
      View Details
    • Contact for pricing

      Retail Space in Paso Village

      Retail space available in established Northeast El Paso neighborhood.
      9787 Mccombs St, El Paso, TX 79924
      View Details
    • Contact for pricing

      Turn Key Medical Office Space

      Modern medical office space for lease in El Paso, TX.
      4774 Loma Del Sur Dr, El Paso, TX 79924
      View Details
    • $650 /Mo
      4,356 SF

      Partitioned Office-Shop Space

      Well-suited for small operations with a private entry, street-facing window, and dedicated customer parking.
      10117 Dyer St, 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.
    4841 Salem Dr
    El Paso, TX 79924-1821
    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

    Thank You for Inquiry
    4841 Salem Dr, El Paso, TX, 79924
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!