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

    4506 Montana Ave El Paso, TX 79903

    Sponsored
    For Lease
    $2,850 /Mo ($6 SF/Yr)

    COMMERCIAL - El Paso, TX

    Lot size:
    0.12 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 12 at 1:06 pm

    Property Features for 4506 Montana Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    C4
    APN
    356855
    Parking features
    Assigned
    Fireplace
    1
    Lot size
    0.12 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Forced Air
    Cooling system
    Central Air

    Building Details

    Floors in Building
    1
    Building materials
    Block

    We can help!

    Listing Contact
    JoAnn Vivar

    Majestic, REALTORS (915) 779-5740

    Listing agent JoAnn Vivar (915) 240-8086

    Listing date Feb 11, 2026

    MLS# 938041

    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

    Remodeled Commercial Space on Montana

    Available for lease is a remodeled commercial space located along Montana Avenue in El Paso, Texas. The property features a modern open floor plan designed to accommodate a range of professional, retail, wellness, studio, or service-oriented concepts. The interior includes updated flooring, fresh neutral finishes, and overhead lighting, creating a contemporary environment. The layout allows for customization, suitable for collaborative work areas, a showroom, training space, a boutique fitness concept, or a creative studio. The property includes a recently remodeled interior, a large open-concept main floor, and an elevated platform suitable for presentations, classes, or display. The lot size is 0.12 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Latin Groove Bar & Pub fancy inc Pharmacy

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    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
    -106.436875
    Latitude
    31.783417

    Nearby Similar for Lease

    • $11 SF/Yr
      44,431 SF

      El Paso Office Warehouse Facility

      Versatile warehouse and office space in a prime El Paso location.
      3500 Confederate Dr, El Paso, TX 79936
      View Details
    • $18 SF/Yr
      34,412 SF

      El Paso Retail/Office Space

      Prime retail/office spaces with high visibility and abundant parking.
      1568 Joe Battle Blvd, El Paso, TX 79928
      View Details
    • $5,000 /Mo
      17,424 SF

      Versatile Warehouse with Office Space

      Commercial warehouse with office space, convenient access, and ample parking.
      10950 Pellicano Dr, El Paso, TX 79935
      View Details
    • $7,499 /Mo
      90,169 SF

      Event Venue Opportunity in El Paso

      Event center for rent in fast-growing Far East El Paso.
      13644 David Dr, El Paso, TX 79938
      View Details
    • $2,402 /Mo
      10,890 SF

      Montwood Drive Commercial Space Available

      Single-tenant building suitable for medical, dental, wellness, or professional office.
      10520 Montwood Dr, El Paso, TX 79935
      View Details
    • $2,500 /Mo
      4,792 SF

      Updated Office Space in El Paso

      Modern office space with updated interiors in central El Paso.
      2314 Montana Ave, El Paso, TX 79903
      View Details
    • $4,500 /Mo
      2,178 SF

      El Paso Commercial Space Available

      2,250 sqft suite with versatile layout in El Paso.
      11385 James Watt Dr, El Paso, TX 79936
      View Details
    • $6 SF/Yr
      21,780 SF

      El Paso Warehouse For Lease

      Centrally located warehouse with dock doors available for lease.
      3402 Durazno Ave, El Paso, TX 79905
      View Details
    • $4,585 /Mo
      46,609 SF

      El Paso Office Space Available

      2,750 SF office space for rent in El Paso, TX.
      2000 Lomaland Dr, El Paso, TX 79935
      View Details
    • $29 SF/Yr
      7,405 SF

      Historic Building with Modern Amenities

      Historic building blending original character with modern, functional spaces.
      1230 Wyoming Ave, El Paso, TX 79902
      View Details
    • $720 /Mo
      43,560 SF

      Remodeled Office Space For Rent

      Newly remodeled office space with reception and three rooms.
      230 Thunderbird Dr, El Paso, TX 79912
      View Details
    • $23 SF/Yr
      15,682 SF

      El Paso Office Space Available

      Office space in El Paso with highway access and parking.
      810 E Yandell Dr, El Paso, TX 79902
      View Details

    FAQs

    What type of property is this?
    Retail space - Versatile, remodeled commercial space on Montana Ave, El Paso, TX.
    Where is this retail space located?
    The property is located at 4506 Montana Ave El Paso, TX.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    What are key features of this property?
    This property features: - Remodeled interior with a **modern, open floor plan** suitable for various business types.; - Located on the highly traveled Montana Avenue corridor.; - **Bright, expansive interior** with updated flooring, fresh neutral finishes, and excellent overhead lighting.
    (915) 240-8086
    Request Owner's contact information
    4506 Montana Ave El Paso, TX 79903
    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.
    4506 Montana Ave
    El Paso, TX 79903
    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
    4506 Montana Ave El Paso, TX 79903
    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
    JoAnn Vivar
    (915) 240-8086
    Learn more
    Google sign-in failed. Please try again or use another login method.