1514 Zaragoza RdEl Paso, TX 79936

Property Details for 1514 Zaragoza Rd

Year built

2006

Construction

WOOD

Lot size

0.93 AC

Property size (Sq ft)

1,297 SF

Property type

Office properties

Property subtype

Other office properties

APN

P862-999-00A2-0300

APU

P86299900A20300

Description

This exceptional 7,800 square foot, single-story office building in El Paso, Texas presents a compelling investment opportunity. Located at 1514 N Zaragoza Rd, Bldg B, 79936, within a well-maintained 12-acre master-planned commercial subdivision and condominium owner's association, this property boasts a 7.30% cap rate and is currently 100% occupied by four tenants. Built in 2007 and renovated in 2023, the Class B building features a modified gross lease structure with tenant pass-throughs on expenses. Amenities include covered parking, refrigerated air, private entrances, and individually metered gas and electricity. The property is zoned C3 and offers a stable rent roll with strong tenants under multi-year leases. The asking price is $1,711,000 ($219.36/sq ft). This is a rare opportunity, as the property hasn't been on the market for nearly 15 years. The occupancy date is December 1, 2023. This stabilized investment is ideal for buyers seeking a strong return in a desirable El Paso location.

• CAP approach

  CAP return

  Valuation

  6%

  $128,512

  6.5%

  $118,626

  7%

  $110,153

• Comparable approach

  Method

  Valuation

  Relative Method

  $215,821

  Geo Method

  $215,821

• Alternative Use

  Use

  Valuation

  Residential

  $147,097

  Hospitality

  $134,740

  Educational

  $112,102

  Medical

  $115,957

  Retail

  $174,381

Location Insight

City

El Paso

County

El Paso

State

Texas

Latitude

31.7381

Longitude

-106.289

CBSA code

21340

CBSA name

EL PASO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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