High-Clearance
New
For Sale
$1,400,000
2015-2019 MYRTLE Avenue, El Paso, TX 79901
Commercial Sale, El Paso, TX
Property Size15,000 SF
Lot Size0.35 Acres
Price / SF$93.33
Days on Market2
Property Features for 2015-2019 MYRTLE Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C4
Parking features
On Street
Fireplace
1
Subdivision
Bassett
Standard status
Active
APN
B20299904204100 / B20299904206100
Lot size
0.35 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
42 BASSETT 24 TO 26 (9000 SQ FT) and 42 BASSETT 27 & 28 (6000 SQ FT.)
Tax Annual Amount
19637
Legal Description
42 BASSETT 24 TO 26 (9000 SQ FT) and 42 BASSETT 27 & 28 (6000 SQ FT.)
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Building Details
Floors in Building
1
Building materials
Steel Frame, Concrete, Block
Additional Structures
Workshop
Listing Agency:
Better Homes and Gardens Real Estate Elevate
(915) 225-2266
Listed By:
Gloria Preciado
(915) 920-2537
Added: Aug 25
Last Checked: Aug 26 at 7:06PM
MLS# 949993
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 15,000-square-foot warehouse occupies a 0.35-acre site and is designed around substantial vertical clearance and large-scale access. Three 17-foot overhead garage doors support warehouse, transportation, fleet, heavy-equipment, and distribution functions. The property also includes a refrigerated-air-conditioned office and reception area, with steel frame, concrete, and block construction.
The facility is near the International Border, Downtown El Paso, and I-10, providing access to major regional destinations. C4 zoning, public sewer service, natural-gas forced-air heating, and on-street parking are also in place.
The facility is near the International Border, Downtown El Paso, and I-10, providing access to major regional destinations. C4 zoning, public sewer service, natural-gas forced-air heating, and on-street parking are also in place.
Key Highlights
- 15,000‑square‑foot industrial warehouse on a 0.35‑acre site
- Three 17‑foot overhead garage doors
- High‑clearance warehouse configuration
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
$86,655
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
6.19%
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%
$1,733,100
$1.7M
Cap Rate 7%
$1,237,929
$1.2M
Cap Rate 9%
$962,833
$962.8K
Market Conditions
NOI Build-Up for 15,000 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
$113.4K $7.56/SF
− Vacancy
−$11.5K −$0.76/SF
EGI
$101.9K $6.80/SF
− OpEx
−$15.3K −$1.02/SF
NOI
$86.7K $5.78/SF
Area
El Paso, TX
Vacancy
10.10%
Lease Rate
$7.56 /SF/Yr
Expense Ratio
15.00%
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%
$1,733,100
Cap Rate 7%
$1,237,929
Cap Rate 9%
$962,833
Alternative Uses
Best Use
Warehouse
$1.24M
$1.08M – $1.44M
NOI $86,655 @ 7.0% cap · market cap 6.19%
Second Best
Industrial
$1.02M
$892.0K – $1.19M
NOI $71,363 @ 7.0% cap · market cap 5.10%
Theoretical Best
Office A
$3.76M
$3.29M – $4.39M
NOI $263,421 @ 7.0% cap · market cap 18.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,837
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 79901, TX
10,027
Population
4,571
Households
2.2
Avg Household Size
40
Median Age
7%
College-Educated
46%
High-School Grad
2.2 sq mi
ZIP Area
4,558
Density / Sq Mi
$13,984
Median Household Income
$19,026
Median Earnings
$517
Median Rent
$93,100
Median Home Value
Market
Vacancy Rate% for Industrial in El Paso, TX
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse with multiple overhead doors and a refrigerated-air-conditioned office and reception area.
Where is this warehouse located?
The property is located at 2015-2019 MYRTLE Avenue El Paso, TX.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 15,000‑square‑foot industrial warehouse on a 0.35‑acre site; Three 17‑foot overhead garage doors; High‑clearance warehouse configuration
