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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Drive through restaurants
7391 Alameda Ave El Paso, TX 79915-3624
Entity Owned
10-yr Hold
Free & Clear
Property ID
US82-9804649
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2014
Construction
WOOD
Total area
3,150 SF
Lot
0.68 ac (29,734 SF)
Zoning code
C-3
APN
T515-999-0010-0100
UPID
US82-9804649
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
-
Sonic Drive-In Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$530k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$486k
Blend (final)
Blend
$510k
Owner & transaction history
B & B Merritt Real Estate LLC · 10 yrs held
B & B Merritt Real Estate LLC
since 2016
3 recorded transactions
Zoning & alternative use
C-3 · El Paso, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$575,000
+48.4%
Auto repair, garage
$425,000
+9.1%
Retail stores
$420,000
+7.9%
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
$530,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$390,000
Current use
MEDICAL BUILDING
$575,000
Change: +48% · Conversion: Difficult
AUTO REPAIR, GARAGE
$425,000
Change: +9% · Conversion: Difficult
RETAIL STORES
$420,000
Change: +8% · Conversion: Easy
COMMERCIAL (GENERAL)
$375,000
Change: -3% · Conversion: Easy
OFFICE BUILDING
$335,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$162 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$26,696
Tax year 2023
Assessed value
$917,263
Assessed 2023
Previous assessed
$917,263
+0.0% YoY
Effective rate
2.91%
On assessed value
Assessed land
$127,857
Assessed improvement
$789,406
Land market value
$127,857
Improvement market value
$789,406
Total market value
$917,263
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2014
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Total area
3,150 SF
Lot
0.68 ac (29,734 SF)
Zoning code
C-3
APN
T515-999-0010-0100
UPID
US82-9804649
Jurisdiction
EL PASO
Zoning & alternative use
C-3 · El Paso, TX
Zoning C-3 · permitted uses
C-3 · 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
RESTAURANT Current
Est. value
$390,000
MEDICAL BUILDING
Est. value
$575,000
AUTO REPAIR, GARAGE
Est. value
$425,000
RETAIL STORES
Est. value
$420,000
COMMERCIAL (GENERAL)
Est. value
$375,000
OFFICE BUILDING
Est. value
$335,000
RESTAURANT Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
2014
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.68 ac
Current owner
From public records · entity-resolved
B & B Merritt Real Estate LLC
Entity
Free & Clear · 10 yrs held
Mailing address
750 N 17TH ST, LAS CRUCES, NM 88005-4153
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2016
—
B & B Merritt Real Estate LLC
Bethlehem Land Co INC
Warranty Deed
—
Jun 7, 2016
—
Tni Realty LLC
—
Deed
related
$65,000,000 · Green Bk
—
—
Tni Realty LLC
—
Deed Of Trust
related
$65,000,000 · Green 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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