Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    5111 Fairbanks Dr El Paso, TX 79924-3835

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5111 Fairbanks Dr El Paso, TX 79924-3835

    View on Map
    • Commercial real estate
    • 17,106 SF
    • 2.47 lot acres
    Off-Market
    Property ID
    US83-4206498
    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
    $945,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dollar General / Discount Store
    • Western Union / Bank / Credit Union
    • Valley Supermarket / Specialty Food Shop / Supermarket
    • Mimco / (Bike/Boat/Book/etc) Store

    Property Details for 5111 Fairbanks Dr

    Year built
    1972
    Lot size
    2.47 lot acres
    Property size
    17,106 SF
    Zone code
    C1
    Property type
    Commercial real estate
    APN
    X581-999-129B-0440
    APU
    X581999129B0440

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $770,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,125,000
      Market price range: $768k - $3.21M

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

    Location Insight

    • Map
    • Local Demand
    City
    El Paso
    County
    El Paso
    State
    Texas
    Longitude
    -106.423
    Latitude
    31.9034
    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
    $35,961
    $479,371
    $820,629
    $1,300,000
    -
    $479,371
    $820,629
    $1,300,000

    Comparable in this City

    • Value Estimation by Request
      0.21 Acres

      El Paso, TX 79924

      COMMERCIAL (GENERAL) • 0.21 Acres
      El Paso, TX 79924
      View Details
    • Value Estimation
      $3,700,000
      55,842 SF

      9813 Dyer St

      COMMERCIAL (GENERAL) • 55,842 SF
      9813 Dyer St, El Paso, TX 79924-4793
      View Details
    • Value Estimation
      $765,000
      24,080 SF

      4650 Woodrow Bean

      COMMERCIAL (GENERAL) • 24,080 SF
      4650 Woodrow Bean, El Paso, TX 79924-4424
      View Details
    • Value Estimation by Request
      1,800 SF

      10526 Dyer St

      COMMERCIAL (GENERAL) • 1,800 SF
      10526 Dyer St, El Paso, TX 79924-2741
      View Details
    • Value Estimation
      $655,000
      5,600 SF

      9191 Dyer St

      COMMERCIAL (GENERAL) • 5,600 SF
      9191 Dyer St, El Paso, TX 79924-6401
      View Details
    • Value Estimation by Request
      2,505 SF

      5717 Will Ruth Ave

      COMMERCIAL (GENERAL) • 2,505 SF
      5717 Will Ruth Ave, El Paso, TX 79924-5436
      View Details

    Similar Nearby for Sale

    • $124,950
      498 SF

      El Paso Duplex Opportunity

      Duplex in convenient location near Fort Bliss, parks, and schools.
      5916 Cielo De Oro Pl, El Paso, TX 79924
      View Details
    • Contact for pricing

      Prime Commercial Land in El Paso

      Exceptional opportunity in a high-traffic El Paso location.
      9487 Dyer St, El Paso, TX 79924
      View Details
    • Contact for pricing

      El Paso Commercial Land Opportunity

      Prime 8.1-acre commercial lot in Northeast El Paso.
      9348 Dyer St, 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
    • New
      $149,950
      1,081 SF

      El Paso Multi-Family Home

      Three-bedroom home in Northeast El Paso, ideal for investors.
      10214 Silver Strand Pl, El Paso, TX 79924
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail/Office Space Near Dyer Intersection

      Located near Dyer St. and Hondo Pass Ave, El Paso.
      9201 Dyer St, El Paso, TX 79924
      View Details
    • Contact for pricing

      Retail Space For Rent

      Retail space available for lease.
      10771 Gateway Blvd S, El Paso, TX 79924
      View Details
    • Contact for pricing

      El Paso Retail Space Available

      Retail space for lease in Albertsons-anchored shopping center.
      10765 Kenworthy St, El Paso, TX 79924
      View Details
    • Contact for pricing

      Prime Corner Lot Ground Lease

      1.60-acre corner lot in a transit-oriented development.
      9418 Dyer 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
    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.
    5111 Fairbanks Dr
    El Paso, TX 79924-3835
    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
    5111 Fairbanks 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!