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Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Parking lots & garages
500 Overland Ave El Paso, TX 79901-2414
Entity Owned
5-yr Hold
Free & Clear
Property ID
US82-3472067
Property summary
AI-generated overview
This exceptional three-story, 112,165 square foot office building, constructed in 1950, is located at 500 W Overland Ave, El Paso, TX 79901. The property features multiple tenancy options, ranging from 100 square feet to 10,000 square feet, catering to diverse business needs. Available spaces include small offices (100 sq ft), ideal for solopreneurs or small teams
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
2003
Total area
246,400 SF
Lot
0.61 ac (26,698 SF)
Zoning code
C-5
APN
C050-999-1980-4800
UPID
US82-3472067
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
-
Tippcon Grocery & Convenience Store Specialty Food Shop
-
Arsa Distributing Inc Food Market Grocery & Convenience Store
-
Boost Human (Bike/Boat/Book/etc) Store Corporate Office
-
essGO Delivery Company Courier Service Postal Service
-
Parallax (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$685k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$685k
Owner & transaction history
County Of El Paso · 5 yrs held
County Of El Paso
since 2020
1 recorded transaction
Zoning & alternative use
C-5 · 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
$685,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$685k
Range $617k – $754k · ±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
$3 / 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 2022Property tax & assessments
Tax year 2022
Assessed value
$12,168,456
Assessed 2023
Previous assessed
$11,225,892
+8.4% YoY
Assessed land
$1,068,000
Assessed improvement
$11,100,456
Land market value
$1,068,000
Improvement market value
$11,100,456
Total market value
$12,168,456
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
2003
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Total area
246,400 SF
Lot
0.61 ac (26,698 SF)
Zoning code
C-5
APN
C050-999-1980-4800
UPID
US82-3472067
Jurisdiction
EL PASO
Zoning & alternative use
C-5 · El Paso, TX
Zoning C-5 · permitted uses
C-5 · 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.
Building & site characteristics
From public records
Year built
2003
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
0.61 ac
Current owner
From public records · entity-resolved
County Of El Paso
Entity
Free & Clear · 5 yrs held
Mailing address
500 E SAN ANTONIO AVE, EL PASO, TX 79901-2419
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2020
—
County Of El Paso
State Of Texas
Grant Deed
related
—
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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