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    East El Paso Commercial Space Title is generated by Realmo AI

    11500 Pellicano Drive, El Paso, TX 79936

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    For Lease
    $23 SF/Yr $2,491/Mo (calc)

    COMMERCIAL - El Paso, TX

    Property size:
    1,300 SF
    Lot size:
    1,300.00 Acres
    Added:
    May 25, 2026
    Days on Market:
    5
    Last Refresh:
    May 29 at 2:06 pm

    Property Features for 11500 Pellicano Drive

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    C4
    Fireplace
    1
    Standard status
    Active
    APN
    P66399900C00900
    Size
    1,300 SF
    Lot size
    1,300.00 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    UNT C8 PELLICANO PARK OFFICE SHOWROOMS PLUS 2.3256 % INT IN COM AREA

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central

    Building Details

    Floors in Building
    1

    We can help!

    Listing Contact
    Anibal Olague
    Anibal Olague

    Listing agent Anibal Olague License #0653430

    Listing office Cap Rate Real Estate Group 1035 Belvidere, Ste. 290, El Paso, TX

    Listing date May 25, 2026

    MLS# 944707

    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.

    HighLights

    • High visibility and exposure on Pellicano Drive.
    • Efficient 1,300 sq ft layout suitable for various concepts.
    • Prominent placement capturing neighborhood and broader Eastside traffic.
    • Adaptable space for reception, private offices, workstations, treatment rooms, or showroom.
    • Professional exterior creating an inviting environment.
    • Convenient single‑story access.

    Overview

    Suite C8 at 11500 Pellicano Drive is a 1,300 square foot professional space located in a busy commercial corridor in East El Paso. The suite offers strong visibility and exposure due to its placement within the center, along a heavily traveled stretch of Pellicano Drive. This location allows a user to capture both neighborhood traffic and customers coming from the broader Eastside area. The efficient layout is suitable for a variety of professional, medical, service, or boutique retail concepts. The space can accommodate a welcoming reception area, several private offices, open workstations, treatment rooms, or a small showroom, depending on the needs of the occupant. The building's professional exterior and convenient single-story access create an inviting environment for clients, patients, and customers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Prisma Ballroom & Hall Theater & Performing Art Venue Always Phresh Gourmet ... Big Box & Wholesale Store Marquez Medical Supply Medical Supply Store Extasy Tinting & Accessories Interior Design Denise Graybeal Massage ... Alternative Medicine Practice

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    El Paso
    County
    El Paso
    State
    Texas
    Longitude
    -106.309972
    Latitude
    31.745208

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    FAQs

    What type of property is this?
    Office units - High-visibility 1,300 SF suite in busy commercial corridor.
    Where is this office units located?
    The property is located at 11500 Pellicano Drive El Paso, TX.
    What is the lease rate?
    The lease rate is $23 SF/Yr.
    What are key features of this property?
    This property features: High visibility and exposure on Pellicano Drive.; Efficient 1,300 sq ft layout suitable for various concepts.; Prominent placement capturing neighborhood and broader Eastside traffic.
    (915) 443-8859
    We can help!
    Listing Contact
    Anibal Olague
    Anibal Olague
    Real Estate License ID: 0653430
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    11500 Pellicano Drive, El Paso, TX 79936
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