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

    6308 Montana Ave El Paso, TX 79925-2026

    • Hotels
    • 74,244 SF
    • 1.55 lot acres
    OFF-MARKET
    Value Estimations
    $1,590,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-1944819
    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

    • Home2 Suites By Hilton El Paso Airport / Extended Stay Hotel / Hotel
    • House2 Suites / Hotel
    • Tesla Destination Charger / Electric Vehicle Charging Station

    Property Details for 6308 Montana Ave

    Year built
    2016
    Construction
    WOOD
    Lot size
    1.55 lot acres
    Property size
    74,244 SF
    Zone code
    C4
    Property type
    Hotels
    APN
    A765-999-002L-0970
    APU
    A765999002L0970

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $1,680,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    El Paso
    County
    El Paso
    State
    Texas
    Longitude
    -106.409
    Latitude
    31.7874
    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
    $296,107
    $446,092
    $10,258,241
    $10,704,333
    -
    $446,092
    $10,258,241
    $10,704,333

    Comparable in this City

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      $1,080,000
      25,872 SF

      2001 Airway Blvd

      HOTEL • 25,872 SF
      2001 Airway Blvd, El Paso, TX 79925-1030
      View Details
    • Value Estimation
      $1,135,000
      49,606 SF

      6610 International Rd

      HOTEL • 49,606 SF
      6610 International Rd, El Paso, TX 79925-3614
      View Details
    • Value Estimation
      $1,360,000
      60,958 SF

      1300 Airway Blvd

      HOTEL • 60,958 SF
      1300 Airway Blvd, El Paso, TX 79925-2200
      View Details
    • Value Estimation
      $1,495,000
      66,547 SF

      6351 Gtwy W Blvd

      HOTEL • 66,547 SF
      6351 Gtwy W Blvd, El Paso, TX 79925-3514
      View Details
    • Value Estimation by Request
      21,606 SF

      5640 Paisano Dr

      MOTEL • 21,606 SF
      5640 Paisano Dr, El Paso, TX 79925-3334
      View Details
    • Value Estimation
      $890,000
      20,384 SF

      6363 Montana Ave

      MOTEL • 20,384 SF
      6363 Montana Ave, El Paso, TX 79925-2025
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      El Paso Commercial Corner Lot

      High-visibility corner lot near I-10 with redevelopment potential.
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      5,820 SF

      El Paso Office Space Available

      Office space available for sale in El Paso, Texas.
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      El Paso Office Space

      Office space available in El Paso, Texas, spanning 1,707 SF.
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    Similar Nearby for Lease

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      El Paso Office Space For Lease

      Modern Office Space, Multiple Uses Available
      6250 Edgemere Blvd, El Paso, TX 79925
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    • $35 SF/Yr
      10,440 SF

      Montana Ave Office Suites

      Modern El Paso office space, 250-4000 sq ft.
      9900 Montana Ave, El Paso, TX 79925
      View Details
    • Contact for pricing
      21,777 SF

      El Paso Medical Office Building

      Prime Medical Space Available in El Paso, TX
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    • $2,500 /Mo
      12,197 SF

      Remodeled Office Suites For Rent

      Recently renovated office suites in central El Paso location.
      5740 Cleveland Ave, El Paso, TX 79925
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    • $2,000 /Mo
      26,136 SF

      Renovated El Paso Commercial Space

      Recently renovated commercial building with modern look and high-traffic location.
      9900 Montana Ave, El Paso, TX 79925
      View Details
    • New
      $550 /Mo
      9,583 SF

      El Paso Professional Office Space

      Modern office space with amenities in a high-traffic location.
      10105 Montwood Dr, El Paso, TX 79925
      View Details

    Property Visit Statistics

    • Visits by month
      9.2k
    • Visitors by month
      1.6k
    • Avg Time on site
      542 min
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    6308 Montana Ave
    El Paso, TX 79925-2026
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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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