401 E Main Dr, El Paso, TX 79901 – Parking Garage

CommercialYear Built 2012Total Assessed Value $5,500,000County El Paso

Property Details

The Commercial property 401 E Main Dr, El Paso, TX 79901 is located in El Paso County. The specific property type is Parking Garage. The total assessed value of this property is $5,500,000.

The gross building area is 70,135 square feet and the land area is 26,370 square feet for this Parking Garage built in 2012.

Legal description: 43 Mills S Pt Of Blk (82 Ft On E 260 Ft On S 111.85 Ft On W Irreg On N) (26370 Sq Ft)

$5,500,000

Market Value

N/A

Cap Rate

N/A

NOI

N/A

Occupancy

Avg Rent

1 / 4

Property Information

Property TypeCommercial

Sub Property TypeParking Garage

Building Area70,135

Land Size26,370

Land Value$1,186,650

Improved Value$4,313,350

Total Assessed Value$5,500,000

Year Built2012

County NameEl Paso

Account Number349975

Cap RateN/A

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningYes

HeatingYes

Roof CoverComposition shingle

Roof TypeFlat

Type ConstructionOther

No of Stories2

Exterior WallsConcrete block

Sales History

5/27/2008

Arms-lengthNot Disclosed

Buyer

United Bank Of El Paso Del Norte

Seller

Paso Del Norte Investment Property Lp

Book Number

20080043249

Recording Date

5/27/2008

Transaction Details

United Bank Of El Paso Del Norte acquired the property from Paso Del Norte Investment Property Lp through a Arms-length transaction on 5/27/2008 for .

Property constructed in 2012

YSale Price (USD) byXSales Year

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Mortgage History

This details prefers to stay low-key.

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Assessment History

Assessment Year ↓	Assessed Land Value ↕	Assessed Improved Value ↕	Assessed Total Value ↕	Market Value ↕	Owner Name ↕	Owner Address ↕	Legal Description ↕	Neighborhood Code ↕	Sub Division ↕	Land Size (SF) ↕	GBA (SF) ↕
2026	$1,186,650	$4,313,350	$5,500,000	$5,500,000	United Bank Of El Pa...	125 N Mesa Hills Dr,...	43 Mills S Pt Of Blk...	212	M473	26,370	70,135
2025	$1,186,650	$6,178,350	$7,365,000	$7,365,000	United Bank Of El Pa...	125 N Mesa Hills Dr,...	43 Mills S Pt Of Blk...	212	M473	26,370	70,135
2024	$1,186,650	$3,863,717	$5,050,367	$5,050,367	United Bank Of El Pa...	125 N Mesa Hills Dr,...	43 Mills S Pt Of Blk...	212	M473	26,370	70,135
2023	$1,186,650	$3,863,717	$5,050,367	$5,050,367	United Bank Of El Pa...	125 N Mesa Hills Dr ...	43 Mills S Pt Of Blk...	212	M473	26,370	70,135
2022	$1,186,650	$2,363,717	$3,550,367	$3,550,367	United Bank Of El Pa...	125 N Mesa Hills Dr,...	43 Mills S Pt Of Blk...	212	M473	26,371	70,135
2021	$1,186,650	$2,363,717	$3,550,367	$3,550,367	United Bank Of El Pa...	125 N Mesa Hills Dr,...	43 Mills S Pt Of Blk...	212	M473	26,371	70,135
2020	$1,186,650	$2,363,717	$3,550,367	$3,550,367	United Bank Of El Pa...	125 N Mesa Hills Dr,...	43 Mills S Pt Of Blk...	212	M473	26,371	70,135
2019	$1,186,650	$2,363,717	$3,550,367	$3,550,367	United Bank Of El Pa...	125 N Mesa Hills Dr,...	43 Mills S Pt Of Blk...	212	M473	26,371	70,135
2018	$1,186,650	$2,339,824	$3,526,474	$3,526,474	United Bank Of El Pa...	125 N Mesa Hills Dr,...	43 MILLS S PT OF BLK...	212	M473	26,371	70,135
2017	$1,186,650	$2,339,824	$3,526,474	$3,526,474	United Bank Of El Pa...	125 N Mesa Hills Dr,...	43 MILLS S PT OF BLK...	212	M473	26,371	70,135

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Rent & Occupancy

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Comparables

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Nearby Lenders

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Lender Name ↕	Property Address ↕	Loan Date ↕	Mortgage Amount ↕	Land Size (SF) ↕	Year Built ↕	GBA (SF) ↕	Total Assessed Value ↕	Land Assessed Value ↕	Borrower ↕
—	401 E Main Dr, El Paso, TX 79901	—	-	26,370	2012	70,135	$ 5,500,000	$ 1,186,650	-
Truist Bank	2550 W Guadalupe Rd, Apache Junction, AZ 85120	09/26/2025	$ 400,000,000	96,703	2008	-	$ 77,228	$ 367,472	-
Principal Life Insurance Co	4802 N 24th St, Phoenix, AZ 85016	09/26/2025	$ 40,000,000	41,548	2009	162,425	$ 2,077,147	$ 4,362,500	-
Washington Federal Bank Na	309 W San Francisco St, Santa Fe, NM 87501	09/19/2025	$ 3,995,000	0	1988	62,150	$ 14,246,987	$ 656,412	-
Bnc National Bank	40 S Ellsworth Rd, Mesa, AZ 85207	08/21/2025	$ 3,250,000	326,708	0	-	$ 369,700	$ 2,428,300	Simoncre Rubicon V Llc
Washington Federal Bank Na	5808 America Ln, Lakeside, AZ 85929	08/18/2025	$ 300,000	122,839	2010	-	$ 69,386	$ 11,019	Wagon Wheel Mini Storage Llc
Southwest Ram Investments Llc	201 N Haskell, Willcox, AZ 85643	06/17/2025	$ 250,000	10,019	0	-	$ 4,542	$ 2,244
Washington Federal Bank Na	5808 America Ln, Lakeside, AZ 85929	05/29/2025	$ 900,000	122,839	2010	-	$ 69,386	$ 11,019	Wagon Wheel Mini Storage Llc
Meadows Bank	545 W Main St, Mesa, AZ 85201	05/15/2025	$ 1,073,000	5,835	1980	-	$ 10,799	$ 107,902	Kilmer Family Trust
Albuquerque Homes Llc	4210 Meadowlark Ln Se, Rio Rancho, NM 87124	05/09/2025	$ 250,000	435,600	0	6,601	$ 3,212,263	$ 5,728,153	Dgi Properties Llc
Acre Credit Fund Ii Wf Llc	25 W Van Buren St, Phoenix, AZ 85003	03/12/2025	$ 42,500,000	22,212	1961	1,515	$ 654,980	$ 2,554,300	44 Monroe Apartments Llc

Mean$ 25,562,239

Median$ 2,818,750.0

Loan Amount Range$ 219,119 - $ 400,000,000

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Tenant Details

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Property Address ↕	Owner Name ↕	Phone ↕	Industry Description ↕
401 E MAIN DR, EL PASO, TX 79901-1358	LAW OFFICES OF ISMAEL PEASE	9153451110	ATTORNEYS
401 E MAIN DR, EL PASO, TX 79901-1358	UNITED BANK OF EL PASO	9152312500	BANKS

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Tenant Industry Distribution

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License Details

License Number

32091767882

Permit Holders

Issued By

Franchise Tax Permit Holders

State Authority

Issue Date

9/27/2023

Original Issuance

Expire Date

-

Owner Details

Category	Field	Value
Owner / Tax Payer	Owner Name	PEASE LAINE, PLLC
	Address Line	401 e main dr ste 415
	City / State / Zip	el paso TX 79901
Entity Information	Entity Type	-
Entity Information	Business Type	-
Zoning Information	Zoning	-
Government Codes	FIPS Code	48141
Government Codes	Census Tract	-
Postal Information	ZIP Status Code	79901
Registration Details	SOS Code	A

License Timeline

License Issued

9/27/2023

Currently Active

Status: -

Renewal Required

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