Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7108 Airport Rd El Paso, TX 79906-4909

    • Medical offices
    • 6,100 SF
    OFF-MARKET
    Value Estimations
    $330,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3488589
    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

    • Medical offices

    Property Details for 7108 Airport Rd

    Year built
    1994
    Construction
    WOOD
    Property size
    6,100 SF
    Zone code
    M1
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    B853-999-0060-0161
    APU
    B85399900600161

    Description

    This exceptional 6,100 square foot office building, situated on a 1.016-acre lot in El Paso, Texas, presents a unique investment opportunity. The property boasts a recently completed renovation and offers approximately 40 parking spaces. Its prime location adjacent to the El Paso International Airport, with an El Paso International Airport ground lease, ensures high visibility and accessibility. The C-4 SC zoning provides flexibility for various commercial uses. Convenient access to I-10 and US Highway 54 (Patriot Freeway), along with proximity to Fort Bliss, enhances its strategic appeal. High traffic counts of 11,474 AADT on Airport Road (TxDOT 2017 data) further underscore its commercial viability. This remodeled office space is ready for immediate occupancy. The property is zoned C-4 SC. Interested parties should contact the provided number for pricing details.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $330,000

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

    Location Insight

    • Map
    • Local Demand
    City
    El Paso
    County
    El Paso
    State
    Texas
    Longitude
    -106.404
    Latitude
    31.8177
    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
    2022
    $0.00
    $0.00
    $640,255
    $640,255
    -
    $0.00
    $640,255
    $640,255

    Comparable in this City

    • Value Estimation
      $570,000
      16,633 SF

      1741 Marshall Rd

      MEDICAL BUILDING • 16,633 SF
      1741 Marshall Rd, Fort Bliss, TX 79906-3831
      View Details
    • Value Estimation
      $660,000
      23,920 SF

      3 Butterfield Trl Blvd

      MEDICAL BUILDING • 23,920 SF
      3 Butterfield Trl Blvd, El Paso, TX 79906-4951
      View Details
    • Value Estimation
      $490,000
      11,955 SF

      4991 Fred Wilson Ave

      MEDICAL BUILDING • 11,955 SF
      4991 Fred Wilson Ave, El Paso, TX 79906-3106
      View Details
    • Value Estimation
      $1,065,000
      34,316 SF

      16 Concord St

      MEDICAL BUILDING • 34,316 SF
      16 Concord St, El Paso, TX 79906-4914
      View Details
    • Value Estimation
      $680,000
      15,390 SF

      13 Founders Blvd

      MEDICAL BUILDING • 15,390 SF
      13 Founders Blvd, El Paso, TX 79906-4905
      View Details
    • Value Estimation
      $445,000
      14,046 SF

      5 Butterfield Trl Blvd

      MEDICAL BUILDING • 14,046 SF
      5 Butterfield Trl Blvd, El Paso, TX 79906-4936
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,277 SF

      Office Space in Butterfield Trail

      Office space for lease in Butterfield Trail Industrial Park.
      5 Butterfield Trail Blvd, El Paso, TX 79906
      View Details
    • Contact for pricing
      10,400 SF

      El Paso Distribution Center

      10,400 SF Industrial Space in Butterfield
      28 Walter Jones Blvd, El Paso, TX 79906
      View Details
    • $8 SF/Yr
      94,516 SF

      New Industrial Facility in El Paso

      Under-construction Class A industrial facility in Butterfield Trail Industrial Park.
      50 Walter Jones Blvd, El Paso, TX 79906
      View Details
    • Contact for pricing
      33,339 SF

      Warehouse Space Near Airport

      33,339 SF warehouse with office space available for lease.
      40 Butterfield Trail Blvd, El Paso, TX 79906
      View Details
    • Contact for pricing
      57,069 SF

      Freedom Crossing Retail Center

      Fort Bliss Retail Space Available Now
      1611 Haan Rd, Fort Bliss, TX 79906
      View Details
    • Contact for pricing
      19,200 SF

      El Paso Warehouse Space Available

      19,200 SF warehouse space with convenient highway access.
      24 Concord St, El Paso, TX 79906
      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.
    7108 Airport Rd
    El Paso, TX 79906-4909
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.