Remodeled Medical Office
11621 Pellicano Drive El Paso, TX 79936
11621 Pellicano Drive, El Paso, TX, 79936
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For Sale
Contact for pricing
Turn-key medical office in East El Paso's growing commercial corridor.
Property Size3,025 SF
Price / SF$404.96
Days on Market65
Property Features for 11621 Pellicano Drive
General Information
- Standard status
- Active
- Size
- 3,025 SF
- Property subtype
- Office
Building Details
- Year Built
- 1997
Listing Agency
Guerrero & Associates
Listed by
Miriam Jimenez · License #TX 562434
Source
Crexi
Added: May 13 Checked: Jul 15 at 3:41 pm
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 Guerrero & Associates
Investment Insights
Based on property information with market context.
This remodeled medical office building is located in East El Paso's rapidly growing commercial corridor. The property features modern finishes and a functional medical layout. It offers excellent visibility and an abundance of parking spaces. The property is suitable for medical, dental, wellness, aesthetics, urgent care, specialty practice, or professional office use. It provides convenient access to major roads, surrounding neighborhoods, and expanding retail and residential developments. The property offers long-term potential in one of El Paso’s most active growth areas. The building size is 3025 square feet.
Key Highlights
- Turn‑key, beautifully remodeled medical office building with modern finishes.
- Excellent visibility and abundant parking spaces.
- Functional medical layout suitable for various medical or professional uses.
Local Financial Insights For Healthcare Medical
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 | $63.5k | $21.00 |
| − Vacancy | −$5.1k | −$1.68 |
| EGI | $58.4k | $19.32 |
| − OpEx | −$23.4k | −$7.73 |
| NOI | $35.1k | $11.59 |
3,025 SF · lease $21.00/SF/yr · vacancy 8.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$500.9K
$438.3K – $584.4K
NOI $35,066 @ 7.0% cap · market cap 2.86%
Second Best
Office B
$480.1K
$420.1K – $560.2K
NOI $33,609 @ 7.0% cap · market cap 2.74%
Theoretical Best
Office A
$640.0K
$560.0K – $746.7K
NOI $44,800 @ 7.0% cap · market cap 3.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Healthy Liver Program
Home Health Care Service
Emmanuel Cruz Gorospe
Physician
Similar For Sale Nearby
Similar Off Market Nearby
- Desert East Animal Hospital: Nenni Katharine DVM — 11635 Pellicano Dr, El Paso, TX 79936
- Dr. Christopher Hopp — 11635 Pellicano Dr, El Paso, TX 79936
- Desert East Animal Hospital — 11635 Pellicano Dr, El Paso, TX 79936
FAQs
What type of property is this?
Medical Office Space - Turn-key medical office in East El Paso's growing commercial corridor.
Where is this medical office space located?
The property is located at 11621 Pellicano Drive El Paso, TX.
What is the asking price?
The asking price for this property is $1,225,000.
What are key features of this property?
This property features: Turn‑key, beautifully remodeled medical office building with modern finishes.; Excellent visibility and abundant parking spaces.; Functional medical layout suitable for various medical or professional uses.
