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Property profile & analytics
FOR LEASE
Strip malls
850 North Carolina Dr El El Paso, TX 79915
Entity Owned
7-yr Hold
Free & Clear
Property ID
US82-0266949
For Lease
$670,000
850 North Carolina Dr,Unit El, El Paso, TX 79915
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2000
Construction
CONCRETE BLOCKS
Total area
11,200 SF
Lot
1.26 ac (54,973 SF)
Zoning code
C-1
APN
R228-999-0020-0200
UPID
US82-0266949
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
-
Sorpresa Bakery Bakery Specialty Food Shop
-
Laundry USA (Bike/Boat/Book/etc) Store
-
Best Nutrition Restaurant
-
Green House Smoke Shop (Bike/Boat/Book/etc) Store
-
ML Prime Hair Cuts Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$540k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$800k
Blend (final)
Blend
$670k
Owner & transaction history
Rlw Ents III LLC · 7 yrs held
Rlw Ents III LLC
since 2018
5 recorded transactions
Zoning & alternative use
C-1 · El Paso, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$540,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$610,000
Current use
Blend value · Realmo final
$670k
Range $603k – $737k · ±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
$60 / 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
$28,315
Tax year 2023
Assessed value
$972,869
Assessed 2023
Previous assessed
$972,869
+0.0% YoY
Effective rate
2.91%
On assessed value
Assessed land
$272,114
Assessed improvement
$700,755
Land market value
$272,114
Improvement market value
$700,755
Total market value
$972,869
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2000
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
EVAPORATIVE
Stories
1
Total area
11,200 SF
Lot
1.26 ac (54,973 SF)
Zoning code
C-1
APN
R228-999-0020-0200
UPID
US82-0266949
Jurisdiction
EL PASO
Zoning & alternative use
C-1 · El Paso, TX
Zoning C-1 · permitted uses
C-1 · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$610,000
NEIGHBORHOOD: SHOPPING CENTER Current
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
2000
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.26 ac
Current owner
From public records · entity-resolved
Rlw Ents III LLC
Entity
Free & Clear · 7 yrs held
Mailing address
5829 N MESA ST, EL PASO, TX 79912-4607
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 9, 2018
—
Rlw Ents III LLC
Pistotnik,donald & Galia D
Grant Deed
related
—
Oct 5, 2018
—
Rlw Ents III LLC
Pistotnik D & G D 1998 Trust
Grant Deed
related
—
Dec 5, 2006
—
Pistotnik D & G D 1998 Trust
Saul Kleinfeld Marketplace & C
Grant Deed
—
Mar 1, 2006
—
Kleinfeld Marketplace Saul
Zapata Venture Partners LLC
Warranty Deed
$780,000 · National Bank
Nov 5, 2003
—
Zapata Venture Partners LLC
Igit Ltd
Grant Deed
$1,000,000 · First Savings Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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