Multi-Suite Office
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11500 Pellicano Dr, El Paso, TX 79936
Office space along Pellicano Drive connects with Loop 375, I-10, and nearby East El Paso business services.
Property Size10,400 SF
Price / SF$141.88
Days on Market3
Property Features for 11500 Pellicano Dr
General Information
Standard status
Active
Size
10,400 SF
Property subtype
OFFICE
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Office Units
8
Listing Agency:
RESOLUT RE Affiliate- El Paso
(915) 422-2242
Listed By:
Sergio Tinajero · License #0486273
(915) 886-8608
Source:
Moodyscre
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 15 at 1:59AM
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 RESOLUT RE Affiliate- El Paso
Investment Insights
Based on property information with market context.
Building C at 11500 Pellicano Drive contains approximately 10,400 square feet of office space across Suites C9–C16. The property offers a substantial office footprint in East El Paso, with space suited to professional and administrative operations as well as other service-oriented businesses.
Pellicano Drive provides access to Loop 375, I-10, and major East El Paso thoroughfares. Restaurants, retail, and other business services are nearby, with residential and commercial areas also in the surrounding corridor.
Pellicano Drive provides access to Loop 375, I-10, and major East El Paso thoroughfares. Restaurants, retail, and other business services are nearby, with residential and commercial areas also in the surrounding corridor.
Key Highlights
- Approximately 10,400 SF of office space
- Building C, Suites C9–C16
- Access to Loop 375, I‑10, and major East El Paso roads
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$115,549
Cap Rate
7.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,310,980
$2.3M
Cap Rate 7%
$1,650,700
$1.7M
Cap Rate 9%
$1,283,878
$1.3M
Market Conditions
NOI Build-Up for 10,400 SF
Gross rent
$187.2K $18.00/SF
− Vacancy
−$33.1K −$3.19/SF
EGI
$154.1K $14.81/SF
− OpEx
−$38.5K −$3.70/SF
NOI
$115.5K $11.11/SF
Area
ZIP 79936
Vacancy
17.70%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,310,980
Cap Rate 7%
$1,650,700
Cap Rate 9%
$1,283,878
Alternative Uses
Best Use
Office B
$1.65M
$1.44M – $1.93M
NOI $115,549 @ 7.0% cap · market cap 7.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.20M
$1.93M – $2.57M
NOI $154,022 @ 7.0% cap · market cap 10.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
8
Office units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,471
Businesses Nearby
Explore this area
Business Placement
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
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?
Office units - Office space along Pellicano Drive connects with Loop 375, I-10, and nearby East El Paso business services.
Where is this office units located?
The property is located at 11500 Pellicano Dr El Paso, TX.
What is the asking price?
The asking price for this property is $1,475,500.
What are key features of this property?
This property features: Approximately 10,400 SF of office space; Building C, Suites C9–C16; Access to Loop 375, I‑10, and major East El Paso roads
