Retail Property with Medical
For Sale
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10952 Ben Crenshaw Dr., El Paso, TX 79935
Retail property featuring a renovated eye/medical office space.
Property Size3,323 SF
Price / SF$285.89
Days on Market251
Property Features for 10952 Ben Crenshaw Dr.
General Information
Standard status
Active
Size
3,323 SF
Class
A
Property subtype
Office
Zoning
C-3
Lease Type
Absolute Net
Building Details
Year Built
1990
Year Renovated
2019
Buildings
1
Stories
1
Listing Agency:
Ponzio Properties
Listed By:
Bruce Ponzio · License #Texas 9002959
(915) 533-3099
Source:
Crexi
Added: Feb 6
Changed: Oct 1
Last Checked: Oct 14 at 11:37PM
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 Ponzio Properties
Investment Insights
Based on property information with market context.
This property offers a 3,323 sq. ft. eye/medical office space, renovated in 2019, within a 10,235 sq. ft. building. Zoned for C-1 Retail usage, the property includes a retail floor area, 5 lab rooms, and a waiting area. The office area is designed to cater to medical practitioners. The property is located at 10952 Ben Crenshaw Dr., El Paso, TX 79935.
Key Highlights
- 10,235 sq. ft. property zoned for C‑1 Retail usage
- Features a 3,323 sq. ft. Eye/Medical office
- Recently renovated in 2019
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,066
Cap Rate
4.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$861,320
$861.3K
Cap Rate 7%
$615,229
$615.2K
Cap Rate 9%
$478,511
$478.5K
Market Conditions
NOI Build-Up for 3,323 SF
Gross rent
$79.8K $24.00/SF
− Vacancy
−$8.0K −$2.40/SF
EGI
$71.8K $21.60/SF
− OpEx
−$28.7K −$8.64/SF
NOI
$43.1K $12.96/SF
Area
El Paso, TX
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$861,320
Cap Rate 7%
$615,229
Cap Rate 9%
$478,511
Alternative Uses
Best Use
Healthcare Medical
$615.2K
$538.3K – $717.8K
NOI $43,066 @ 7.0% cap · market cap 4.53%
Second Best
Office B
$600.9K
$525.8K – $701.1K
NOI $42,064 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$833.7K
$729.5K – $972.6K
NOI $58,356 @ 7.0% cap · market cap 6.14%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,170
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79935, TX
17,534
Population
7,165
Households
2.4
Avg Household Size
38
Median Age
28%
College-Educated
85%
High-School Grad
3.5 sq mi
ZIP Area
5,010
Density / Sq Mi
$65,000
Median Household Income
$32,377
Median Earnings
$1,070
Median Rent
$194,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in El Paso, TX
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Retail property featuring a renovated eye/medical office space.
Where is this medical office space located?
The property is located at 10952 Ben Crenshaw Dr. El Paso, TX.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 10,235 sq. ft. property zoned for C‑1 Retail usage; Features a **3,323 sq. ft. Eye/Medical office**; Recently renovated in 2019
