Nightclub Building with
For Sale
$2,699,950
Pending
11377 Gateway Boulevard W, El Paso, TX 79936
Commercial Sale, El Paso, TX
Property Size8,100 SF
Lot Size1.24 Acres
Days on Market290
Property Features for 11377 Gateway Boulevard W
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C4
Parking
92
Parking features
Assigned
Fireplace
1
Standard status
Pending
APN
350450
Lot size
1.24 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
#44 SEC OF 2 (180 FT ON ST - 300 FT ON NLY - 180 FT ON ELY - 300 FT ON SLY)
Tax Annual Amount
31785
Legal Description
#44 SEC OF 2 (180 FT ON ST - 300 FT ON NLY - 180 FT ON ELY - 300 FT ON SLY)
Utilities
Sewer type
Public Sewer
Heating system
Central
Building Details
Floors in Building
2
Building materials
Brick
Listing Agency:
Res Comm Real Estate
(915) 630-7325
Listed By:
Adolfo Holguin · License #0399907
(915) 630-7325
Added: Nov 14, 2025
Changed: Aug 21
Last Checked: Aug 31 at 9:06PM
MLS# 933711
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.
Offered for sale, this approximately 8,100-square-foot former nightclub occupies 1.24 acres and includes equipment associated with its prior operation. The building has brick construction, central heating, assigned parking, a fireplace, and public sewer service. A liquor license is available if needed.
The property is positioned on I-10 along Gateway Boulevard West, just east of Lee Trevino in El Paso. Its C4 zoning and existing commercial improvements support continued consideration for nightlife, hospitality, or entertainment-oriented operations, subject to applicable approvals.
The property is positioned on I-10 along Gateway Boulevard West, just east of Lee Trevino in El Paso. Its C4 zoning and existing commercial improvements support continued consideration for nightlife, hospitality, or entertainment-oriented operations, subject to applicable approvals.
Key Highlights
- Approximately 8100 sq.ft. building on 1.24 acres
- C4 zoning for commercial use
- Located on I‑10 on Gateway Blvd West, just East of Lee Trevino
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
$91,526
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
3.39%
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%
$1,830,520
$1.8M
Cap Rate 7%
$1,307,514
$1.3M
Cap Rate 9%
$1,016,956
$1.0M
Market Conditions
NOI Build-Up for 8,100 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
$131.2K $16.20/SF
− Vacancy
−$9.2K −$1.13/SF
EGI
$122.0K $15.07/SF
− OpEx
−$30.5K −$3.77/SF
NOI
$91.5K $11.30/SF
Area
ZIP 79936
Vacancy
7.00%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
25.00%
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%
$1,830,520
Cap Rate 7%
$1,307,514
Cap Rate 9%
$1,016,956
Alternative Uses
Best Use
Specialty Retail
$1.31M
$1.14M – $1.53M
NOI $91,526 @ 7.0% cap · market cap 3.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.71M
$1.50M – $2.00M
NOI $119,960 @ 7.0% cap · market cap 4.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,126
Businesses Nearby
97k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 58%
Shops & Services 36%
Hotels & Casinos 2%
Electronics 1%
The Home Depot
Home Improvements & Furnishings
55,075 visits/mo
0.2 miles
Bank of America
Shops & Services
11,197 visits/mo
0.3 miles
Shamaley Ford
Shops & Services
7,797 visits/mo
0.2 miles
Discount Tire Store
Shops & Services
7,362 visits/mo
0.5 miles
CarMax
Shops & Services
6,482 visits/mo
0.4 miles
Demographics for 79936, TX
105,150
Population
36,825
Households
2.9
Avg Household Size
37
Median Age
28%
College-Educated
86%
High-School Grad
25.9 sq mi
ZIP Area
4,060
Density / Sq Mi
$64,958
Median Household Income
$32,862
Median Earnings
$1,214
Median Rent
$169,500
Median Home Value
Market
Vacancy Rate% for Retail in El Paso, TX
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Cinemark Tinseltown Las Palmas XD and ScreenX — 11855 Gateway Blvd W, El Paso, TX 79936
- Bucks Cabaret El Paso — 11701 Gateway Blvd W, El Paso, TX 79936
- Blazing Broncos Bar & Grill — 1346 Lee Trevino Dr Suite 102, El Paso, TX 79936
- TOUCH BAR AND NIGHTCLUB — 11395 James Watt Dr A-16,A-17, El Paso, TX 79936
- Maria's Cantina — 1360 Lee Trevino Dr, El Paso, TX 79936
Frequently Asked Questions
What type of property is this?
Night club - C4-zoned commercial facility with existing equipment, assigned parking, central heating, and public sewer service.
Where is this night club located?
The property is located at 11377 Gateway Boulevard W El Paso, TX.
What is the asking price?
The asking price for this property is $2,699,950.
What are key features of this property?
This property features: Approximately 8100 sq.ft. building on 1.24 acres; C4 zoning for commercial use; Located on I‑10 on Gateway Blvd West, just East of Lee Trevino
