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Property profile & analytics
OFF-MARKET Estimated value $905,000
Banks

5050 Desert Blvd El Paso, TX 79912-1629

9,702 SF 2.91 ac lot Built 2007
Individually Owned 18-yr Hold Free & Clear
Property ID
US82-2865306
Property summary
AI-generated overview

This exceptional 40,392 square foot commercial land parcel presents a unique investment opportunity in El Paso, Texas. Located at 5050 N Desert Blvd, in the 79912 zip code, this property boasts a highly desirable west side location, offering convenient access to Interstate 10 via a dedicated drive off the access road and Bartlett Drive. Its strategic placement adjacent to First Light Federal Credit Union and Salt Grass Steakhouse ensures high visibility and foot traffic. The area is thriving, surrounded by numerous national and regional retailers, creating a robust commercial environment. Zoned C-3 SC, this paved lot, complete with medians, is perfectly suited for a variety of commercial developments, including office or medical office spaces. The property's proximity to Downtown El Paso (ten minutes away), the University of Texas at El Paso (UTEP), and major hospitals further enhances its appeal. This excess land from First Light Federal Credit Union offers excellent demographics and presents a compelling opportunity for investors seeking a prime location for commercial development in a rapidly growing area of El Paso. The asking price for this exceptional property is $625,000.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 2007
Total area 9,702 SF
Lot 2.91 ac (126,977 SF)
Zoning code C3
APN S907-999-0010-0180
UPID US82-2865306
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
  • FirstLight Federal Credit Union Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$645k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.17M
Blend (final) Blend
$905k
Owner & transaction history
Firstlight FCU · 18 yrs held
Firstlight FCU
since 2007
1 recorded transaction
2007
Price N/A
Zoning & alternative use
C3 · El Paso, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source code of ordinances
Top alternative use upside
Restaurant $1.4M +7.9%
Auto repair, garage $1.3M +3.0%
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