Warehouse with Roll-Up
For Sale
$1,190,000
Pending
980 Zabel Lane, El Paso, TX 79928
Commercial Sale, El Paso, TX
Property Size6,000 SF
Lot Size1.00 Acre
Days on Market153
Property Features for 980 Zabel Lane
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Out of Area
Parking features
Assigned
Fireplace
1
Subdivision
Out Of Area
Standard status
Pending
APN
X293000L00B0060
Lot size
1.00 Acre
Taxes and HOA fees
Tax Year
2026
Tax Description
LEIGH CLARK SURV 293 TR 2-A-6 (1.00 AC)
Tax Annual Amount
1415
Legal Description
LEIGH CLARK SURV 293 TR 2-A-6 (1.00 AC)
Utilities
Sewer type
Septic Tank
Building Details
Floors in Building
1
Building materials
Steel Frame, Metal Siding
Listing Agency:
Team Juan Uribe
(915) 585-0007
Listed By:
Sebastian Alcazar · License #0719657
(915) 478-9905
Added: Apr 15
Changed: Sep 3
Last Checked: Sep 14 at 8:06PM
MLS# 942371
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.
Completed in 2026, this steel-frame warehouse occupies 1 acre and includes a 575-square-foot interior office with a restroom. The office area has polished concrete flooring, LED lighting, and mini-split cooling. Metal siding and a 20-foot clear height support a functional industrial layout, while the building’s eave height is 18 feet.
Three front-loading roll-up doors measure 16 feet high, providing access for service and warehouse operations. The property is positioned at the north corner of I-10 and Horizon Boulevard in El Paso, with assigned parking and a septic tank sewer system. Zoning is identified as Out of Area.
Three front-loading roll-up doors measure 16 feet high, providing access for service and warehouse operations. The property is positioned at the north corner of I-10 and Horizon Boulevard in El Paso, with assigned parking and a septic tank sewer system. Zoning is identified as Out of Area.
Key Highlights
- 1‑acre industrial warehouse property completed in 2026
- Three front‑loading roll‑up doors, each 16 feet high
- 20‑foot clear ceiling height with an 18‑foot eave height
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
$34,387
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
2.89%
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%
$687,740
$687.7K
Cap Rate 7%
$491,243
$491.2K
Cap Rate 9%
$382,078
$382.1K
Market Conditions
NOI Build-Up for 6,000 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
$45.0K $7.50/SF
− Vacancy
−$4.5K −$0.76/SF
EGI
$40.5K $6.74/SF
− OpEx
−$6.1K −$1.01/SF
NOI
$34.4K $5.73/SF
Area
ZIP 79928
Vacancy
10.10%
Lease Rate
$7.50 /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%
$687,740
Cap Rate 7%
$491,243
Cap Rate 9%
$382,078
Alternative Uses
Best Use
Warehouse
$491.2K
$429.8K – $573.1K
NOI $34,387 @ 7.0% cap · market cap 2.89%
Second Best
Industrial
$404.6K
$354.0K – $472.0K
NOI $28,319 @ 7.0% cap · market cap 2.38%
Theoretical Best
Office A
$1.05M
$918.0K – $1.22M
NOI $73,440 @ 7.0% cap · market cap 6.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
20 ft
Clear height
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
240
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
View Realmo Analytics
Market
Vacancy Rate% for Industrial in El Paso, TX
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Similar Off Market Nearby
- Love's Storage Solutions — 1318 Horizon Blvd, El Paso, TX 79928
Frequently Asked Questions
What type of property is this?
Warehouse - Steel-frame industrial building with interior office space, restroom, polished concrete floors, and LED lighting.
Where is this warehouse located?
The property is located at 980 Zabel Lane El Paso, TX.
What is the asking price?
The asking price for this property is $1,190,000.
What are key features of this property?
This property features: 1‑acre industrial warehouse property completed in 2026; Three front‑loading roll‑up doors, each 16 feet high; 20‑foot clear ceiling height with an 18‑foot eave height
