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    Property profile & analytics

    5640 Montana Ave, Unit D El Paso, TX 79925

    • Strip malls
    • 14,371 SF
    • 1.16 lot acres
    For Lease
    View listing
    $19 SF/Yr
    Value Estimations
    $670,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4245180
    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

    • Baskin-Robbins / Grocery & Convenience Store / Specialty Food Shop
    • Sally Beauty / (Bike/Boat/Book/etc) Store / Cosmetic Store
    • Sam’s Family Cuts and Nail Services / Hair Salon
    • Herbs Unlimited / (Bike/Boat/Book/etc) Store / Specialty Food Shop
    • TEXAS TURF LANDSCAPE LLC / Landscaping / General Contractor

    Property Details for 5640 Montana Ave

    Year built
    1987
    Lot size
    1.16 lot acres
    Property size
    14,371 SF
    Zone code
    C1
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    M636-999-0010-0200
    APU
    M63699900100200

    Description

    Red Rooster Multi-Purpose Center offers 5,000 square feet of immediately available office space in a newly remodeled, Class B building. This single-story, 15,100 square foot building features 11 suites, with spaces ranging from 1,250 to 5,000 contiguous square feet, perfect for executive or creative office uses. Located on a 1.16-acre lot (50,368 square feet) with convenient access to Montana Ave. and Trowbridge Dr., the property boasts a prime location, just one block from Paisano Dr. and two blocks from Interstate 10. Enjoy the benefit of 69 parking spaces and proximity to major amenities including Baskin Robbins, Sally Beauty Supply, McDonald's, and Whataburger. The property is also within a 10-minute drive of El Paso International Airport, 20 minutes from Downtown El Paso, and 15 minutes from UMC Medical Hospital, Children's Hospital, and Medical School. The landlord is offering tenant improvement allowances and free move-in rent. The property is zoned C1 and has an APN of M63699900100200. Building was constructed in 1987.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $525,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $815,000
      Market price range: $504k - $934k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $695,000
      Current use
      COMMERCIAL (GENERAL)
      $1,080,000
      Change: +55% Conversion: Easy
      MEDICAL BUILDING
      $1,070,000
      Change: +53% 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
    -106.421
    Latitude
    31.783
    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
    $33,790
    $671,409
    $550,126
    $1,221,535
    -
    $671,409
    $550,126
    $1,221,535

    Comparable in this City

    • Value Estimation by Request
      7,724 SF

      6045 Montana Ave

      SHOPPING CENTER, STRIP CENTER • 7,724 SF
      6045 Montana Ave, El Paso, TX 79925-1857
      View Details
    • Value Estimation by Request
      2,640 SF

      6251 Airport Rd, Unit 6253

      SHOPPING CENTER, STRIP CENTER • 2,640 SF
      6251 Airport Rd, El Paso, TX 79925-2027
      View Details
    • Value Estimation by Request
      9,024 SF

      6999 Montana Ave

      SHOPPING CENTER, STRIP CENTER • 9,024 SF
      6999 Montana Ave, El Paso, TX 79925-2245
      View Details
    • Value Estimation
      $650,000
      12,470 SF

      9120 Viscount Blvd

      SHOPPING CENTER, STRIP CENTER • 12,470 SF
      9120 Viscount Blvd, El Paso, TX 79925-6512
      View Details
    • Value Estimation
      $695,000
      15,730 SF

      6100 Montana Ave

      SHOPPING CENTER, STRIP CENTER • 15,730 SF
      6100 Montana Ave, El Paso, TX 79925-2056
      View Details
    • Value Estimation
      $930,000
      23,636 SF

      8838 Viscount Blvd E E Ste

      SHOPPING CENTER, STRIP CENTER • 23,636 SF
      8838 Viscount Blvd E E Ste, El Paso, TX 79925-5822
      View Details

    Similar Nearby for Sale

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      Prime El Paso retail space, high traffic location.
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      El Paso NNN Auto Shop Investment

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      El Paso Retail Building

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    • Contact for pricing
      5.06 Acres

      El Paso Commercial Land - 5 Acres

      Prime El Paso commercial land, ideal for development.
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      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
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      El Paso Retail Destination

      Proven retail destination in a busy El Paso trade corridor.
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      Time Square Retail Space

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    • $19 SF/Yr
      50,530 SF

      Remodeled Retail/Office Space Available

      Centrally located, remodeled retail and office spaces available for lease.
      5640 Montana Ave, El Paso, TX 79925
      View Details
    • $19 SF/Yr
      50,530 SF

      El Paso Shopping Center Space

      Centrally located commercial space in El Paso, newly remodeled.
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      46,191 SF

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      El Paso, TX Office Suites Available Now
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      View Details
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    5640 Montana Ave, Unit D
    El Paso, TX 79925
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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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