Flex Space with Enclosed
For Sale
$375,000
12700 Chaucer Road, El Paso, TX 79928
Commercial Sale, El Paso, TX
Property Size1,542 SF
Lot Size0.24 Acres
Price / SF$243.19
Days on Market47
Property Features for 12700 Chaucer Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R1
Parking features
Assigned
Fireplace
1
Subdivision
Sparks
Standard status
Active
APN
S56200202502000
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
921
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Forced Air, Central
Cooling system
Ceiling Fan(s)
Amenities
Full kitchen
Break area
Loft sitting area
Two private office spaces
Dedicated laundry room
Covered carport
Building Details
Floors in Building
2
Building materials
Frame
Additional Structures
Workshop
Listing Agency:
The Right Move Real Estate Gro
(915) 253-1966
Listed By:
Miriam Jeanette Anguiano · License #0721410
(915) 540-3773
Added: Jul 27
Changed: Sep 4
Last Checked: Sep 11 at 2:06PM
MLS# 948374
Copyright © 2026 Greater El Paso Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This flex-space property at 12700 Chaucer Road includes 1,542 square feet of commercial and office area, two private offices, a full kitchen, break area, loft sitting area, and dedicated laundry room with washer and dryer. The layout also provides two bedrooms and two bathrooms, supporting a live-work configuration. An enclosed garage with 24-foot ceilings has a separate refrigerated air system for workshop use, while the covered carport accommodates RV parking.
The 0.24-acre property is enclosed by a rock wall and 14-foot front ironwork. There is additional room for equipment, vehicles, storage, workshop activity, or future construction. Public sewer serves the property, which is zoned R1 and located approximately 1 minute from I-10 in El Paso.
The 0.24-acre property is enclosed by a rock wall and 14-foot front ironwork. There is additional room for equipment, vehicles, storage, workshop activity, or future construction. Public sewer serves the property, which is zoned R1 and located approximately 1 minute from I-10 in El Paso.
Key Highlights
- 1,542 sq. ft. of commercial and office space
- Enclosed garage with 24‑foot ceilings and separate refrigerated air
- Two bedrooms, two bathrooms, full kitchen, and break area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,665
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.18%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$313,300
$313.3K
Cap Rate 7%
$223,786
$223.8K
Cap Rate 9%
$174,056
$174.1K
Market Conditions
NOI Build-Up for 1,542 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$25.2K $16.32/SF
− Vacancy
−$4.3K −$2.77/SF
EGI
$20.9K $13.55/SF
− OpEx
−$5.2K −$3.39/SF
NOI
$15.7K $10.16/SF
Area
ZIP 79928
Vacancy
17.00%
Lease Rate
$16.32 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$313,300
Cap Rate 7%
$223,786
Cap Rate 9%
$174,056
Alternative Uses
Best Use
Office B
$223.8K
$195.8K – $261.1K
NOI $15,665 @ 7.0% cap · market cap 4.18%
Second Best
Mixed Use
$205.9K
$180.1K – $240.2K
NOI $14,410 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$269.6K
$235.9K – $314.6K
NOI $18,874 @ 7.0% cap · market cap 5.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
24 ft
Clear height
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
103
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 79928, TX
78,971
Population
24,841
Households
3.2
Avg Household Size
29
Median Age
24%
College-Educated
85%
High-School Grad
209.9 sq mi
ZIP Area
376
Density / Sq Mi
$73,704
Median Household Income
$37,406
Median Earnings
$1,145
Median Rent
$188,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in El Paso, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flexible property combines office space, living quarters, workshop capacity, and vehicle storage.
Where is this flex space located?
The property is located at 12700 Chaucer Road El Paso, TX.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 1,542 sq. ft. of commercial and office space; Enclosed garage with 24‑foot ceilings and separate refrigerated air; Two bedrooms, two bathrooms, full kitchen, and break area
