El Paso Medical Wellness
For Sale
Contact for pricing
12185 New World Dr, El Paso, TX 79936
Modern medical building with therapy clinic and aquatic pool.
Property Size11,756 SF
Price / SF$255.19
Days on Market250
Property Features for 12185 New World Dr
General Information
Standard status
Active
Size
11,756 SF
Class
A
Property subtype
Office
Zoning
C-3
Lease Type
NNN
Building Details
Year Built
2011
Buildings
1
Stories
2
Listing Agency:
Heritage Group
(915) 317-8845
Listed By:
Nadia Baem · License #637396
Source:
Crexi
Added: Dec 4, 2025
Changed: Aug 8
Last Checked: Aug 10 at 2:05PM
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 Heritage Group
Investment Insights
Based on property information with market context.
This medical wellness building is located on the far east side of El Paso, in one of the city's fastest-growing corridors. The two-story facility offers a modern environment suitable for healthcare and therapeutic services. The property benefits from strong residential expansion, high visibility, and convenient access to Joe Battle, retail centers, and nearby neighborhoods. The ground floor includes a fully equipped physical and occupational therapy clinic, an aquatic therapy pool, and two saunas. The second floor features a large reception area, a large conference room, and an estimated 12 exam rooms. Ample parking surrounds the building. The property is suited for medical groups and rehabilitation wellness centers seeking a turnkey space in a thriving and accessible area of El Paso. The building has a total size of 11756 square feet.
Key Highlights
- Fully equipped physical and occupational therapy clinic and aquatic therapy pool included.
- Located in a fast‑growing corridor with high visibility and convenient access to Joe Battle and retail centers.
- Ample parking available.
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
$136,276
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
4.54%
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%
$2,725,520
$2.7M
Cap Rate 7%
$1,946,800
$1.9M
Cap Rate 9%
$1,514,178
$1.5M
Market Conditions
NOI Build-Up for 11,756 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
$246.9K $21.00/SF
− Vacancy
−$19.8K −$1.68/SF
EGI
$227.1K $19.32/SF
− OpEx
−$90.9K −$7.73/SF
NOI
$136.3K $11.59/SF
Area
ZIP 79936
Vacancy
8.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
40.00%
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%
$2,725,520
Cap Rate 7%
$1,946,800
Cap Rate 9%
$1,514,178
Alternative Uses
Best Use
Healthcare Medical
$1.95M
$1.70M – $2.27M
NOI $136,276 @ 7.0% cap · market cap 4.54%
Second Best
Office B
$1.87M
$1.63M – $2.18M
NOI $130,615 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$2.49M
$2.18M – $2.90M
NOI $174,104 @ 7.0% cap · market cap 5.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
885
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Office in El Paso, TX
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Banfield Pet Hospital — 1836 Joe Battle Blvd, El Paso, TX 79936
- Petco Vaccination Clinic — 2036 N Zaragoza Rd Bldg D, El Paso, TX 79938
Frequently Asked Questions
What type of property is this?
Medical Office Space - Modern medical building with therapy clinic and aquatic pool.
Where is this medical office space located?
The property is located at 12185 New World Dr El Paso, TX.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Fully equipped physical and occupational therapy clinic and aquatic therapy pool included.; Located in a fast‑growing corridor with high visibility and convenient access to Joe Battle and retail centers.; Ample parking available.
