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

    840 Redd Rd, Unit III El Paso, TX 79912-7264

    • Medical offices
    • 1,976 SF
    • 1.24 lot acres
    OFF-MARKET
    Value Estimations
    $310,000
    Show details
    Cap Rate Potential
    5.9%
    Medical offices
    Location Intelligence
    Property ID
    US82-3201257
    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

    • Dr. Sandra T. Rocha, DO- Westside Family Medicine / Family Practice Physician
    • Progressive / Insurance Agency
    • Quest Diagnostics / Std Testing Service / Tb Clinic
    • Michaela Miller / General Practitioner / Physician Assistant
    • Skin Essentials by Bianca / Skin Care Clinic

    Property Details for 840 Redd Rd

    Year built
    2003
    Construction
    WOOD
    Lot size
    1.24 lot acres
    Property size
    1,976 SF
    Zone code
    C1
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    C340-999-1230-5545
    APU
    C34099912305545

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $325,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $320,000
      6.5%
      $295,000
      7%
      $275,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $390,000
      AUTO REPAIR, GARAGE
      $265,000
      COMMERCIAL (GENERAL)
      $200,000

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

    Location Insight

    • Map
    • Local Demand
    City
    El Paso
    County
    El Paso
    State
    Texas
    Longitude
    -106.55
    Latitude
    31.8609
    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
    $6,283
    $71,470
    $155,660
    $227,130
    -
    $71,470
    $155,660
    $227,130

    Comparable in this City

    • Value Estimation
      $675,000
      14,491 SF

      125 Castellano Dr

      MEDICAL BUILDING • 14,491 SF
      125 Castellano Dr, El Paso, TX 79912-6108
      View Details
    • Value Estimation
      $865,000
      31,785 SF

      7751 Cf Jordan Dr

      MEDICAL BUILDING • 31,785 SF
      7751 Cf Jordan Dr, El Paso, TX 79912-8803
      View Details
    • Value Estimation
      $500,000
      2,516 SF

      600 Belvidere St

      MEDICAL BUILDING • 2,516 SF
      600 Belvidere St, El Paso, TX 79912-1772
      View Details
    • Value Estimation
      $705,000
      7,668 SF

      650 Belvidere St

      MEDICAL BUILDING • 7,668 SF
      650 Belvidere St, El Paso, TX 79912-1761
      View Details
    • Value Estimation
      $950,000
      6,292 SF

      5551 Mesa St

      MEDICAL BUILDING • 6,292 SF
      5551 Mesa St, El Paso, TX 79912-5455
      View Details
    • Value Estimation
      $535,000
      17,160 SF

      6633 Mesa St, Unit 600

      MEDICAL BUILDING • 17,160 SF
      6633 Mesa St, El Paso, TX 79912-4427
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      13,040 SF

      Gresham Town Fair Retail Space

      Prime Gresham retail, multiple suites available.
      154 Festival Dr, El Paso, TX 79912
      View Details
    • Contact for pricing
      17,160 SF

      West El Paso Office Building Investment

      17,160 SF Office Building, 90% Occupancy
      100 Alto Mesa Dr, El Paso, TX 79912
      View Details
    • Contact for pricing
      6,000 SF

      El Paso Office Space

      6,000 SF office space available in El Paso, TX.
      460 Eagle Dr, El Paso, TX 79912
      View Details
    • Contact for pricing

      Office Space For Sale

      Office property available for sale in El Paso, Texas.
      154 N Festival Dr, El Paso, TX 79912
      View Details
    • $895,000
      0.42 Acres

      West El Paso Office Building

      Professional office building in West El Paso near I-10.
      545 Redd Rd Unit, El Paso, TX 79912
      View Details
    • $180,000
      2.52 Acres

      Residential Lot with Panoramic Views

      2.5-acre residential lot with 360° panoramic views.
      6517 La Posta Dr, El Paso, TX 79912
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      92,000 SF

      Canyons at Cimarron: Retail/Office Space

      Prime El Paso Retail & Office Opportunity
      1571 Resler Dr, El Paso, TX 79912
      View Details
    • Contact for pricing
      6,390 SF

      El Paso Office Space for Lease

      Upscale Westside Office Suites Available
      6955 Mesa St, El Paso, TX 79912
      View Details
    • Contact for pricing
      5,400 SF

      Century Plaza Medical Offices

      Prime El Paso Medical Space Available
      5857 Mesa St, El Paso, TX 79912
      View Details
    • Contact for pricing
      2,945 SF

      Prime El Paso Office Space

      Class A Office Suites, 2,945 SF Available
      7598 Mesa St, El Paso, TX 79912
      View Details
    • Contact for pricing
      1,800 SF

      Former Medical Space Available

      1800 sq ft retail/medical space for rent.
      865 N Resler Dr, El Paso, TX 79912
      View Details
    • Contact for pricing
      1,400 SF

      Westside Office Suites for Lease

      Professional and medical office suites available in El Paso, Texas.
      210 Thunderbird Dr, El Paso, TX 79912
      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.
    840 Redd Rd, Unit III
    El Paso, TX 79912-7264
    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.