Mixed-Use Property with Separate
New
For Sale
$485,000
1003 Wyoming Ave, El Paso, TX 79902
Commercially zoned property combines a primary residence with separately accessed office or accessory space.
Property Size2,952 SF
Price / SF$164.30
Days on Market5
Property Features for 1003 Wyoming Ave
General Information
Standard status
Active
Size
2,952 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$5,078
Listing Agency:
eXp Realty LLC
(253) 576-5402
Listed By:
Lynn Westbrook · License #0637280
(253) 576-5402
Source:
Exprealty
Added: Jul 29
Changed: Aug 2
Last Checked: Aug 2 at 4:17AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty LLC
Investment Insights
Based on property information with market context.
This mixed-use property pairs a five-bedroom primary residence with an adjacent office or accessory space featuring its own entrance. The secondary area can accommodate several potential formats identified for the property, including a short- or long-term rental, art gallery, retail store, cafe, or professional office. Original character details are complemented by modern improvements, including three refrigerated A/C units, a tankless water heater, and stainless steel appliances.
The property is located at 1003 Wyoming Ave in El Paso, with downtown nearby and Acca restaurant within walking distance. Fruit-bearing plum, orange, and olive trees add established outdoor character to the setting.
The property is located at 1003 Wyoming Ave in El Paso, with downtown nearby and Acca restaurant within walking distance. Fruit-bearing plum, orange, and olive trees add established outdoor character to the setting.
Key Highlights
- Commercially zoned mixed‑use property at 1003 Wyoming Ave, El Paso, TX
- Five‑bedroom primary residence
- Adjacent office or ADU with separate entrance
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $61.3k | $20.76 |
| − Vacancy | −$11.5k | −$3.88 |
| EGI | $49.8k | $16.88 |
| − OpEx | −$12.5k | −$4.22 |
| NOI | $37.4k | $12.66 |
2,952 SF · lease $20.76/SF/yr · vacancy 18.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$533.8K
$467.1K – $622.8K
NOI $37,368 @ 7.0% cap · market cap 7.70%
Second Best
Mixed Use
$501.0K
$438.4K – $584.5K
NOI $35,070 @ 7.0% cap · market cap 7.23%
Theoretical Best
Office A
$740.6K
$648.0K – $864.0K
NOI $51,841 @ 7.0% cap · market cap 10.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,347
Businesses Nearby
Explore this area
Business Placement
Demographics for 79902, TX
20,071
Population
9,752
Households
2.1
Avg Household Size
38
Median Age
39%
College-Educated
81%
High-School Grad
6.5 sq mi
ZIP Area
3,088
Density / Sq Mi
$45,333
Median Household Income
$33,495
Median Earnings
$777
Median Rent
$223,300
Median Home Value
Market
Properties on Market for Mixed-use properties in El Paso
Vacancy Rate% for Office in El Paso, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercially zoned property combines a primary residence with separately accessed office or accessory space.
Where is this mixed-use property located?
The property is located at 1003 Wyoming Ave El Paso, TX.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Commercially zoned mixed‑use property at 1003 Wyoming Ave, El Paso, TX; Five‑bedroom primary residence; Adjacent office or ADU with separate entrance
