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Property profile & analytics
OFF-MARKET
Estimated value
$6,915,000
Grocery and convenience stores
703 Zaragoza Rd 3F El Paso, TX 79907-4751
Entity Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-3802950
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1990
Total area
77,147 SF
Lot
6.2 ac (269,898 SF)
Zoning code
C1
APN
D382-999-0010-0400
UPID
US83-3802950
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
-
Joyeria Hawley (Bike/Boat/Book/etc) Store
-
First National Bank Texas Bank Loan Service
-
First Convenience Bank Bank Loan Service
-
Pan American Insurance Insurance Agency
-
La Cocina (cafeteria in El Super grocery store) Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.61M
Blend (final)
Blend
$6.92M
Owner & transaction history
Pros Zaragoza Real Estate LLC · 19 yrs held
Pros Zaragoza Real Estate LLC
since 2006
7 recorded transactions
Zoning & alternative use
C1 · El Paso, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$10.4M
+12.4%
Restaurant
$9.8M
+5.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs El Paso submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs El Paso submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$9,210,000
Current use
AUTO REPAIR, GARAGE
$10,355,000
Change: +12% · Conversion: Difficult
RESTAURANT
$9,750,000
Change: +6% · Conversion: Easy
OFFICE BUILDING
$8,175,000
Change: -11% · Conversion: Easy
COMMERCIAL (GENERAL)
$7,965,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$6.92M
Range $6.22M – $7.61M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$90 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2019Property tax & assessments
Tax year 2019
Tax billed
$196,076
Tax year 2019
Assessed value
$5,800,500
Assessed 2023
Previous assessed
$5,800,500
+0.0% YoY
Effective rate
3.38%
On assessed value
Assessed land
$870,960
Assessed improvement
$4,929,540
Land market value
$870,960
Improvement market value
$4,929,540
Total market value
$5,800,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1990
Heating
NONE
Stories
1
Total area
77,147 SF
Lot
6.2 ac (269,898 SF)
Zoning code
C1
APN
D382-999-0010-0400
UPID
US83-3802950
Jurisdiction
EL PASO
Zoning & alternative use
C1 · El Paso, TX
Zoning C1 · permitted uses
C1 · El Paso, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
El Paso. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$9.2M
AUTO REPAIR, GARAGE
Est. value
$10.4M
RESTAURANT
Est. value
$9.8M
OFFICE BUILDING
Est. value
$8.2M
COMMERCIAL (GENERAL)
Est. value
$8.0M
RETAIL STORES Current
AUTO REPAIR, GARAGE
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1990
Heating
NONE
Stories
1
Lot
6.2 ac
Current owner
From public records · entity-resolved
Pros Zaragoza Real Estate LLC
Entity
Mailing address
420 EXCHANGE STE #220, IRVINE, CA 92602-1319
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 27, 2022
—
Pros Zaragoza Real Estate LLC
—
Deed
related
$7,000,000 · Standard Insurance Co
Dec 1, 2020
—
Strr Investments
—
Deed
related
$42,000,000 · First United Bk
May 28, 2013
—
Prodigio Mercado LLC
—
Deed Of Trust
related
$3,000,000 · 97531 Lending LLC
Dec 14, 2006
$5,250,000
Pros Zaragoza Real Estate LLC
Lam,me
Grant Deed
related
—
Nov 2, 2006
$5,250,000
Pros Ranch Markets LLC
Lam,me
Grant Deed
—
Dec 29, 2005
—
Me Lam
701 N Zaragosa Partners
Grant Deed
$2,040,000 · Village Investment Ptrs LLC
Dec 30, 2004
—
701 N Zaragosa Partners
Madison Evergreen Partners
Grant Deed
related
—
Feb 7, 2003
—
Madison Evergreen Assoc LLC
—
Deed Of Trust
related
$7,515,000 · Wells Fargo Bank
Apr 2, 2002
—
Madison Evergreen Assoc LLC
Smiths Food & Drug Center INC
Grant Deed
related
—
—
—
Pros Zaragoza Real Estate LLC
—
Deed Of Trust
related
$5,250,000 · Ncb Savings Bank
—
—
Pros Zaragoza Real Estate LLC
—
Deed Of Trust
related
$6,225,000 · Ncb Savings Bank
—
—
Pros Zaragoza Real Estate LLC
—
Deed Of Trust
related
$6,225,000 · Ncb Savings Bank
—
—
Pros Zaragoza Real Estate LLC
—
Deed Of Trust
related
$732,000 · Ncb Savings Bank
—
—
Strr Investments
—
Deed Of Trust
related
$42,000,000 · First United Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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