M1 Zoned Warehouse with Evaporative
For Sale
$4,700,000
3700 Durazno, El Paso, TX 79905
COMMERCIAL - El Paso, TX
Property Size56,000 SF
Lot Size2.71 Acres
Price / SF$83.93
Days on Market466
Property Features for 3700 Durazno
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
M1
Fireplace
1
Standard status
Active
APN
158648
Lot size
2.71 Acres
Taxes and HOA fees
Tax Description
E R TALLEY SURV 6 ABST #181 (2.714 AC) 300.03 FT ON N 406.3 FT ON E 301.25 FT ON S 382.05 FT ON W
Legal Description
E R TALLEY SURV 6 ABST #181 (2.714 AC) 300.03 FT ON N 406.3 FT ON E 301.25 FT ON S 382.05 FT ON W
Utilities
Sewer type
Public Sewer
Cooling system
Evaporative Cooling
Building Details
Floors in Building
1
Building materials
Block
Listing Agency:
Keller Williams Realty
(915) 603-5293
Listed By:
Jorge Orrantia · License #0707055
(915) 803-9221
Added: May 22, 2025
Changed: Aug 4
Last Checked: Aug 30 at 6:06PM
MLS# 923088
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.
Warehouse property at 3700 Durazno, El Paso, TX 79905 on a 2.71-acre lot. The facility is described as a 56,000+ SF industrial warehouse with block construction, evaporative cooling, and public sewer. A fireplace is also listed among the property features.
The property is presented as having excellent visibility from I-10 and proximity to major highway connections and international ports of entry, supporting logistics, distribution, or manufacturing uses.
Zoning is listed as M1, which aligns with industrial operations. Cooling, utilities, and the site size are key physical considerations for prospective tenants or buyers evaluating the space for warehouse, distribution, or related industrial activity.
The property is presented as having excellent visibility from I-10 and proximity to major highway connections and international ports of entry, supporting logistics, distribution, or manufacturing uses.
Zoning is listed as M1, which aligns with industrial operations. Cooling, utilities, and the site size are key physical considerations for prospective tenants or buyers evaluating the space for warehouse, distribution, or related industrial activity.
Key Highlights
- 56,000+ SF warehouse industrial facility
- 2.71‑acre lot
- M1 zoning
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
$323,511
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
6.88%
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%
$6,470,220
$6.5M
Cap Rate 7%
$4,621,586
$4.6M
Cap Rate 9%
$3,594,567
$3.6M
Market Conditions
NOI Build-Up for 56,000 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
$423.4K $7.56/SF
− Vacancy
−$42.8K −$0.76/SF
EGI
$380.6K $6.80/SF
− OpEx
−$57.1K −$1.02/SF
NOI
$323.5K $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%
$6,470,220
Cap Rate 7%
$4,621,586
Cap Rate 9%
$3,594,567
Alternative Uses
Best Use
Warehouse
$4.62M
$4.04M – $5.39M
NOI $323,511 @ 7.0% cap · market cap 6.88%
Second Best
Industrial
$3.81M
$3.33M – $4.44M
NOI $266,420 @ 7.0% cap · market cap 5.67%
Theoretical Best
Office A
$14.05M
$12.29M – $16.39M
NOI $983,437 @ 7.0% cap · market cap 20.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,298
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 79905, TX
22,483
Population
9,168
Households
2.5
Avg Household Size
39
Median Age
10%
College-Educated
58%
High-School Grad
6.6 sq mi
ZIP Area
3,407
Density / Sq Mi
$25,496
Median Household Income
$21,636
Median Earnings
$646
Median Rent
$103,900
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 - M1 zoned warehouse on a 2.71-acre lot with evaporative cooling and public sewer service.
Where is this warehouse located?
The property is located at 3700 Durazno El Paso, TX.
What is the asking price?
The asking price for this property is $4,700,000.
What are key features of this property?
This property features: 56,000+ SF warehouse industrial facility; 2.71‑acre lot; M1 zoning
