Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • 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

    187 5Th St El Paso, TX 79905

    Sponsored
    For Sale
    $400,000

    COMMERCIAL - El Paso, TX

    Property size:
    4,455 SF
    Lot size:
    0.34 Acres
    Days on Market:
    1
    Last Refresh:
    Jan 31 at 12:06 pm

    Property Features for 187 5Th St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R4
    APN
    229303
    Fireplace
    1
    Size
    4,455 SF
    Lot size
    0.34 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Natural Gas
    Cooling system
    Central Air, Ceiling Fan(s)

    Building Details

    Floors in Building
    1
    Building materials
    Brick

    We can help!

    Listing Contact
    Gustavo Andazola

    The Real Estate Power Houses (915) 549-4663

    Listing agent Gustavo Andazola (915) 478-5050

    Listing date Jan 31, 2026

    MLS# 937430

    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.

    Learn more

    Property Insight Report

    Overview

    El Paso Multifamily Investment

    This five-unit multifamily property features five apartments, each measuring 891 sq. ft. The unit mix includes one 3-bedroom/1-bath unit and four 2-bedroom/1-bath units. Recent capital improvements include a new roof installed 4 years ago and fresh exterior paint. The property offers ample on-site parking and a dedicated space with the potential to add a coin-operated laundry room for additional income. Units 1 and 2 feature modern kitchens and washer/dryer hookups. Tenants are responsible for all utilities for these units. Unit 1 is a 2-bedroom unit, while Unit 2 is a 3-bedroom unit. Units 3, 4, and 5 are all 2-bedroom units. The owner pays for water and gas for these units. The property is centrally located near major employment and transit hubs, including the University Medical Center (UMC) and Texas Tech University Health Sciences Center. It is conveniently close to the Bridge of the Americas and Paso Del Norte International Bridge. The property is also near Lincoln Park. The lot size is 0.34 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    El Paso
    County
    El Paso
    State
    Texas
    Longitude
    -106.419143
    Latitude
    31.770011

    Nearby Similar for Sale

    • $730,000
      0.50 Acres

      Eastside Office Suites For Sale

      Eastside office building with high-performance suites near Loop 375.
      12110 Freight Ln, El Paso, TX 79936
      View Details
    • $820,000
      6,250 SF

      Multifamily Opportunity in El Paso, TX

      Value-add multifamily property with renovation and redevelopment potential on 1.74 acres.
      14573-B Van Fleet Rd, El Paso, TX 79938
      View Details
    • $820,000
      2,900 SF

      El Paso Commercial Opportunity

      1.74 acres with income potential near Montana Ave corridor.
      14573-B Van Fleet Rd, El Paso, TX 79938
      View Details
    • $375,000
      0.28 Acres

      Mixed-Use Property with Grocery Store

      El Paso mixed-use property with established grocery store.
      2027- Magoffin Ave, El Paso, TX 79901
      View Details
    • $620,000
      Pending

      Versatile El Paso Commercial Opportunity

      Adaptable commercial property suitable for various uses in central El Paso.
      7728 Alameda Ave, El Paso, TX 79915
      View Details
    • New
      $1,600,000
      1,081 SF

      El Paso Commercial Real Estate

      Prime commercial real estate with tenant in El Paso's upper valley.
      5200 Doniphan Dr, El Paso, TX 79932
      View Details
    • $308,000
      2,814 SF

      Updated Turn-Key El Paso 4-Plex

      Updated 4-plex with quality finishes, modern design, and great rental appeal.
      9012 Matterhorn Dr, El Paso, TX 79904
      View Details
    • $1,200,000
      0.95 Acres

      Versatile Commercial Facility in El Paso

      Adaptable 12,588 sqft commercial building suitable for diverse uses.
      13633 Bachimba Dr, El Paso, TX 79928
      View Details
    • $895,000
      0.39 Acres

      El Paso Commercial Opportunity

      Versatile commercial property near downtown and international bridges.
      1922 E Rio Grande Ave, El Paso, TX 79902
      View Details
    • New
      $539,700
      Pending

      Remodeled Multifamily Property in Kern

      Completely remodeled multifamily property with rental potential near UTEP.
      2402 N Kansas St, El Paso, TX 79902
      View Details
    • $279,500
      Pending

      Remodeled El Paso Multifamily Property

      Remodeled 4-bedroom house with 1-bedroom apartment, ideal for Airbnb.
      104 Chip Chip Way, El Paso, TX 79915
      View Details
    • $399,950
      0.83 Acres

      El Paso Party Hall Investment

      Turnkey party hall with existing contracts and diverse amenities.
      181 Natchitoches St, El Paso, TX 79928
      View Details

    FAQs

    What type of property is this?
    Apartment building - Five-unit multifamily property with recent capital improvements in El Paso.
    Where is this apartment building located?
    The property is located at 187 5Th St El Paso, TX.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: - Five spacious apartments totaling 4,455 sq. ft. (891 sq. ft. each).; - Recent capital improvements: new roof (4 yrs ago) and fresh exterior paint.; - Potential for additional income with a coin-operated laundry room.
    (915) 478-5050
    Request Owner's contact information
    187 5Th St El Paso, TX 79905
    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.
    187 5Th St
    El Paso, TX 79905
    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
    187 5Th St El Paso, TX 79905
    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

    We can help!
    Listing Contact
    Gustavo Andazola
    (915) 478-5050
    Learn more
    Google sign-in failed. Please try again or use another login method.