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

    5151 Fairbanks Dr El Paso, TX 79924

    • Strip malls
    • 8,000 SF
    • 0.60 lot acres
    For Lease
    View listing
    Value Estimations
    $420,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2563935
    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

    • Metro by T-Mobile / Cell Phone Accessory Store / Telecommunications Service Provider
    • Papa John's Pizza / Pizza Restaurant
    • Classy Cuts / Hair Salon / Beauty Salon
    • LendNation / Bank / Check Cashing Service
    • Western Union / Money Transfer Service / Money Order Service

    Property Details for 5151 Fairbanks Dr

    Year built
    1985
    Lot size
    0.60 lot acres
    Property size
    8,000 SF
    Zone code
    C2
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    X581-999-129B-0445
    APU
    X581999129B0445

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $415,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $426,000
      Market price range: $314k - $518k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $430,000
      Current use
      MEDICAL BUILDING
      $635,000
      Change: +48% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    El Paso
    County
    El Paso
    State
    Texas
    Longitude
    -106.422
    Latitude
    31.9033
    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
    $13,831
    $148,460
    $351,540
    $500,000
    -
    $148,460
    $351,540
    $500,000

    Comparable in this City

    • Value Estimation
      $1,260,000
      24,080 SF

      4650 Woodrow Bean

      SHOPPING CENTER, STRIP CENTER • 24,080 SF
      4650 Woodrow Bean, El Paso, TX 79924-4424
      View Details
    • Value Estimation
      $985,000
      53,660 SF

      9109 Dyer St

      SHOPPING CENTER, STRIP CENTER • 53,660 SF
      9109 Dyer St, El Paso, TX 79924-6438
      View Details
    • Value Estimation
      $325,000
      3,500 SF

      10108 Mccombs St

      SHOPPING CENTER, STRIP CENTER • 3,500 SF
      10108 Mccombs St, El Paso, TX 79924-4251
      View Details
    • Value Estimation
      $460,000
      3,370 SF

      9429 Dyer St

      SHOPPING CENTER, STRIP CENTER • 3,370 SF
      9429 Dyer St, El Paso, TX 79924-6447
      View Details
    • Value Estimation
      $425,000
      3,225 SF

      9839 Dyer St

      SHOPPING CENTER, STRIP CENTER • 3,225 SF
      9839 Dyer St, El Paso, TX 79924-4722
      View Details
    • Value Estimation
      $360,000
      5,525 SF

      9100 Dyer St

      SHOPPING CENTER, STRIP CENTER • 5,525 SF
      9100 Dyer St, El Paso, TX 79924-6402
      View Details

    Similar Nearby for Sale

    • $110,000
      Pending

      El Paso Retail Investment Opportunity

      Retail property for sale in established El Paso neighborhood.
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      9.20 Acres

      El Paso Commercial Land - Gateway Blvd

      9.2-acre commercial lot, US 54 frontage.
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      El Paso Warehouse Investment Opportunity

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      24.54 Acres

      El Paso Commercial Land - 24 Acres

      Prime El Paso commercial land, railroad access.
      10516 Railroad Dr, El Paso, TX 79924
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      Land For Sale El Paso

      Land available for sale at 9555 Dyer St, El Paso, TX.
      9555 Dyer St, El Paso, TX 79924
      View Details
    • New
      $135,000
      Pending

      Renovated Duplex in Northeast El Paso

      Updated 2-bed, 1-bath duplex near US 54 and Loop 375.
      5937 Sinclair St, El Paso, TX 79924
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    Similar Nearby for Lease

    • Contact for pricing
      1,419 SF

      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
      71,407 SF

      Dyer Ave Retail Center Investment

      El Paso Retail Space: 1,650 - 15,710 SF
      9740 Dyer St, El Paso, TX 79924
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    • Contact for pricing
      2,100 SF

      Retail Space in Desert Mountain Plaza

      Retail space available in a busy El Paso shopping center.
      4650 Woodrow Bean, El Paso, TX 79924
      View Details
    • Contact for pricing
      1,602 SF

      Paso Village Center Retail Space

      Prime Retail/Office Space Available Now
      9787 Mccombs St, El Paso, TX 79924
      View Details
    • Contact for pricing
      1,284 SF

      Retail Space Available For Rent

      Retail space available for lease in El Paso, Texas.
      Mccombs St, El Paso, TX 79924
      View Details
    • Contact for pricing
      1,250 SF

      Retail Space in El Paso

      Retail space available for lease in El Paso, Texas.
      5151 Fairbanks Dr, El Paso, TX 79924
      View Details
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    El Paso, TX 79924
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    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
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