Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    501 Virginia St El Paso, TX 79901

    • Specialty properties
    • 5,160 SF
    • 0.14 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0187337
    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

    • Union Catolica De San Jose / Church / Mosque

    Property Details for 501 Virginia St

    Year built
    1914
    Construction
    WOOD
    Lot size
    0.14 lot acres
    Property size
    5,160 SF
    Zone code
    A3
    Property type
    Specialty properties
    APN
    C050-999-1110-3700
    APU
    C05099911103700

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    El Paso
    County
    El Paso
    State
    Texas
    Longitude
    -106.48
    Latitude
    31.756
    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
    2022
    $0.00
    $17,160
    $222,532
    $239,692
    -
    $17,160
    $222,532
    $239,692

    Comparable in this City

    • Value Estimation by Request
      2,400 SF

      2117 Magoffin Ave

      PROFESSIONAL CLUBS/ASSOCIATIONS • 2,400 SF
      2117 Magoffin Ave, El Paso, TX 79901-2021
      View Details
    • Value Estimation by Request
      2,992 SF

      1406 Myrtle Ave

      COMMERCIAL MISC • 2,992 SF
      1406 Myrtle Ave, El Paso, TX 79901
      View Details
    • Value Estimation by Request
      1,857 SF

      1208 Myrtle Ave

      COMMERCIAL MISC • 1,857 SF
      1208 Myrtle Ave, El Paso, TX 79901-1602
      View Details
    • Value Estimation by Request
      1,814 SF

      2400 Bassett Ave

      PROFESSIONAL CLUBS/ASSOCIATIONS • 1,814 SF
      2400 Bassett Ave, El Paso, TX 79901-2129
      View Details
    • Value Estimation by Request
      2,800 SF

      417 Charles Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 2,800 SF
      417 Charles Rd, El Paso, TX 79901-2221
      View Details
    • Value Estimation by Request
      6,540 SF

      1211 Texas Ave

      PROFESSIONAL CLUBS/ASSOCIATIONS • 6,540 SF
      1211 Texas Ave, El Paso, TX 79901-1637
      View Details

    Similar Nearby for Sale

    • $890,000
      3,000 SF

      El Paso Showroom/Warehouse For Sale

      Showroom/warehouse near downtown and international bridges, ideal for various businesses.
      210 Poplar St, El Paso, TX 79901
      View Details
    • $269,000
      0.14 Acres

      Versatile Commercial Property in El Paso

      Exceptional property near downtown El Paso with trolley tracks.
      605 S Kansas St, El Paso, TX 79901
      View Details
    • $460,000
      Pending

      Downtown El Paso Parking Garage

      Three-story parking garage in El Paso's vibrant downtown district.
      120 W San Antonio Ave, El Paso, TX 79901
      View Details
    • $3,506,560
      34,357 SF

      El Paso Medical Office Building

      Net-leased KEDPLASMA; 7.5% Cap Rate
      313 Stanton St, El Paso, TX 79901
      View Details
    • Contact for pricing
      24,000 SF

      El Paso Warehouse: 24,000 SF

      Multi-tenant warehouse, newly remodeled, excellent location.
      2004 Bassett Ave, El Paso, TX 79901
      View Details
    • $624,999
      4,158 SF

      Historic Multifamily in San Francisco District

      Historic 8-unit multifamily property in El Paso's San Francisco District.
      515 8Th Ave, El Paso, TX 79901
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      34,764 SF

      Industrial Property Near Key Infrastructure

      Strategically located industrial property with efficient logistics and connectivity.
      1720 Magoffin Ave, El Paso, TX 79901
      View Details
    • Contact for pricing
      112,165 SF

      The Station Urban Offices: El Paso

      Downtown El Paso Office Space: Flexible options available
      500 Overland Ave, El Paso, TX 79901
      View Details
    • Contact for pricing
      5,117 SF

      Martin Building: Prime El Paso Office Space

      7-Story Office Building, 5,117 sq ft, Single Tenant
      215 Stanton St, El Paso, TX 79901
      View Details
    • Contact for pricing
      1,290 SF

      Prime Commercial Lot in Sunset Heights

      High-visibility 1,290 SF commercial lot in historic Sunset Heights.
      W Main Dr, El Paso, TX 79901
      View Details
    • $2,800 /Mo

      Retail Space in Downtown El Paso

      Commercial property in the heart of downtown El Paso.
      504 S El Paso St, El Paso, TX 79901
      View Details
    • $1,650 /Mo
      31,363 SF

      Downtown El Paso Office Space

      Office space for lease in historic Cortez Building.
      310 N Mesa St Unit, El Paso, TX 79901
      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.
    501 Virginia St
    El Paso, TX 79901
    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.
    Sign Up Successful!
    You now have access to more from Realmo!