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    Walter Jones Blvd & George Perry Blvd El Paso TX 79925 USA El Paso, TX 79925

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    Class A warehouse space with modern amenities near El Paso Airport.

    Type:Industrial
    Property size:
    443,975 SF
    Added:
    Nov 22, 2025
    Days on Market:
    163
    Last Refresh:
    Apr 5 at 8:32 pm

    Property Features for Walter Jones Blvd & George Perry Blvd El Paso TX 79925 USA

    General Information

    Standard status
    Active
    Size
    443,975 SF
    Property subtype
    Industrial

    Spaces For Lease

    at Walter Jones Blvd & George Perry Blvd El Paso TX 79925 USA Contact us

    We can help!

    Listing Contact
    Christian Perez Giese
    Christian Perez Giese

    Listing agent Christian Perez Giese License #5486157

    Listing office CBRE - El Paso/Cd. Juarez

    Listing date Nov 22, 2025

    Source Cbre

    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 CBRE - El Paso/Cd. Juarez

    Overview

    Modern Warehouse Space Near Airport

    Sky Park is a master-planned industrial project located adjacent to the El Paso International Airport and the TJX/Marshall’s regional distribution center. Phase 1 of Sky Park will include a 443,975 square foot cross-dock warehouse. Its central location provides proximity to major labor pools in El Paso and easy access to the region’s highway system. This Class A warehouse project offers modern amenities suitable for local and regional logistics operations and aims to attract the area’s workforce.
    Location Intelligence

    Current Use by Public Records

    Distribution centers

    Similar Places Nearby

    • Rhino Self Storage — 8601 Lockheed Dr, El Paso, TX 79925
    • Airport Self Storage & Office Centre — 7606 Boeing Dr, El Paso, TX 79925
    • MASTER MOVERS — 3723 Admiral St, El Paso, TX 79925
    • Suddath Relocation Systems of El Paso — 8201 Lockheed Dr Ste. 130, El Paso, TX 79925
    • Self-Storage at U-Haul — 8450 Montana Ave, El Paso, TX 79925

    Map

    City
    El Paso
    County
    El Paso
    State
    Texas
    Longitude
    -106.377
    Latitude
    31.8027

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    FAQs

    What type of property is this?
    Warehouse - Class A warehouse space with modern amenities near El Paso Airport.
    Where is this warehouse located?
    The property is located at Walter Jones Blvd & George Perry Blvd El Paso TX 79925 USA El Paso, TX.
    What are key features of this property?
    This property features: Adjacent to El Paso International Airport and TJX/Marshall’s regional distribution center.; Class A warehouse project with modern amenities.; Two new warehouses in Phase 1: **443,975 SF cross dock** and **192,417 SF rear loading.**
    (915) 313-8801
    We can help!
    Listing Contact
    Christian Perez Giese
    Christian Perez Giese
    Real Estate License ID: 5486157
    Learn More
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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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    Walter Jones Blvd & George Perry Blvd, El Paso, TX 79925, USA, El Paso, TX, 79925
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