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    Property profile & analytics

    803 Sunland Park Dr El Paso, TX 79912

    • Strip malls
    • 15,753 SF
    • 2.13 lot acres
    For Lease
    View listing
    $1.61 SF/Yr
    Value Estimations
    $805,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-1669702
    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

    • THE RUIZ AGENCY by Equis Financial TEXAS / Insurance Agency
    • GRLPWR Women's Only Gym / Gym
    • Dollar Tree / Home Goods Store / Party Store
    • Deal-2-Deal Custom Homes, LLC / Flooring Contractor / General Contractor
    • L.A Nails Spa / Nail Salon

    Property Details for 803 Sunland Park Dr

    Year built
    2005
    Lot size
    2.13 lot acres
    Property size
    15,753 SF
    Zone code
    C35
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    C815-999-0010-0100
    APU
    C81599900100100

    Description

    This exceptional retail opportunity is located at 803 Sunland Park Dr, El Paso, TX 79912. The property, known as 803 Sunland Plaza, is a single-story, Class B building constructed in 2005, totaling 5,600 square feet. Currently, 2,800 square feet of retail space is available for lease, with a minimum divisible unit of 1,400 square feet. The building features a total of two suites and ample parking with 40 spaces. Its prime location directly across from The Shoppes at Solana, and within the same parking lot as Best Buy, ensures high visibility and foot traffic. Surrounded by major retailers like Target and Office Depot, this property benefits from a strong retail environment and a high volume of destination shoppers. The property is zoned C-3, offering flexibility for various retail uses. The APN is C81599900100100. This is an ideal investment for businesses seeking high visibility and a strong customer base in a thriving El Paso retail district. Space is available from 1,400 to 2,800 square feet.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $575,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,038,000
      Market price range: $606k - $1.18M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $920,000
      Current use
      RETAIL STORES
      $1,255,000
      Change: +37% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    El Paso
    County
    El Paso
    State
    Texas
    Longitude
    -106.549
    Latitude
    31.8171
    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
    $42,877
    $840,745
    $709,255
    $1,550,000
    -
    $840,745
    $709,255
    $1,550,000

    Comparable in this City

    • Value Estimation
      $850,000
      18,125 SF

      910 Redd Rd

      SHOPPING CENTER, STRIP CENTER • 18,125 SF
      910 Redd Rd, El Paso, TX 79912-7359
      View Details
    • Value Estimation by Request
      6,000 SF

      5850 Mesa St

      SHOPPING CENTER, STRIP CENTER • 6,000 SF
      5850 Mesa St, El Paso, TX 79912-4608
      View Details
    • Value Estimation
      $885,000
      16,715 SF

      690 Sunland Park Dr

      SHOPPING CENTER, STRIP CENTER • 16,715 SF
      690 Sunland Park Dr, El Paso, TX 79912-5114
      View Details
    • Value Estimation
      $940,000
      21,979 SF

      6330 Mesa St

      SHOPPING CENTER, STRIP CENTER • 21,979 SF
      6330 Mesa St, El Paso, TX 79912-4564
      View Details
    • Value Estimation by Request
      4,900 SF

      145 Mesa Hls Dr

      SHOPPING CENTER, STRIP CENTER • 4,900 SF
      145 Mesa Hls Dr, El Paso, TX 79912-5467
      View Details
    • Value Estimation
      $525,000
      9,600 SF

      965 Resler Dr

      SHOPPING CENTER, STRIP CENTER • 9,600 SF
      965 Resler Dr, El Paso, TX 79912-1417
      View Details

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      View Details
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    El Paso, TX 79912
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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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