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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Grocery and convenience stores
8350 Gtwy E Blvd El Paso, TX 79907-1512
Entity Owned
6-yr Hold
Free & Clear
Property ID
US82-2925536
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1986
Total area
3,164 SF
Lot
0.75 ac (32,796 SF)
Zoning code
C-3
APN
T223-999-0010-0300
UPID
US82-2925536
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
-
Mattress Liquidators Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$425k
CAP Approach
CAP
$550k
Comparable Approach
Comparable
$529k
Blend (final)
Blend
$540k
Owner & transaction history
Gilrose Investments LLC · 6 yrs held
Gilrose Investments LLC
since 2019
4 recorded transactions
Zoning & alternative use
C-3 · El Paso, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$520,000
+38.0%
Auto repair, garage
$425,000
+12.4%
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
$425,000
CAP Approach
CAP Return
Estimation
6%
$600,000
6.5%
$550,000
7%
$515,000
Alternative Use
Use
Estimation
RETAIL STORES
$380,000
Current use
MEDICAL BUILDING
$520,000
Change: +38% · Conversion: Difficult
AUTO REPAIR, GARAGE
$425,000
Change: +12% · Conversion: Difficult
OFFICE BUILDING
$335,000
Change: -11% · Conversion: Easy
COMMERCIAL (GENERAL)
$325,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$540k
Range $486k – $594k · ±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
$171 / 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
$14,451
Tax year 2023
Assessed value
$496,512
Assessed 2023
Previous assessed
$496,512
+0.0% YoY
Effective rate
2.91%
On assessed value
Assessed land
$337,819
Assessed improvement
$158,693
Land market value
$337,819
Improvement market value
$158,693
Total market value
$496,512
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
1986
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
3,164 SF
Lot
0.75 ac (32,796 SF)
Zoning code
C-3
APN
T223-999-0010-0300
UPID
US82-2925536
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
RETAIL STORES Current
Est. value
$380,000
MEDICAL BUILDING
Est. value
$520,000
AUTO REPAIR, GARAGE
Est. value
$425,000
OFFICE BUILDING
Est. value
$335,000
COMMERCIAL (GENERAL)
Est. value
$325,000
RETAIL STORES Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1986
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.75 ac
Current owner
From public records · entity-resolved
Gilrose Investments LLC
Entity
Free & Clear · 6 yrs held
Mailing address
403 CHELSEA ST, EL PASO, TX 79905-1707
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2021
—
Gilrose Investments LLC
—
Deed
related
—
Aug 23, 2019
—
Gilrose Investments LLC
Akms Partners LP
Venders Lien
—
Jan 14, 2004
—
Akms Partnership LP
Diamond Shamrock Stations INC
Grant Deed
related
—
—
—
Gilrose Investments LLC
—
Loan Modification
related
—
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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