M3 Zoned Property For
23 SAN MARCOS Drive El Paso, TX 79922
For Sale
$100,000
Pending
M3 Zoned property suitable for various business needs.
Property Size1,064 SF
Lot Size0.18 Acres
Days on Market910
Property Features for 23 SAN MARCOS Drive
General Information
Standard status
Pending
Size
1,064 SF
Lot size
0.18 Acres
Property subtype
Commercial/Industrial
Listing Agency:
Home Quest Realty
(915) 727-6050
Listed By:
Candelaria Garcia · License #0803974
(915) 727-6050
Source:
Exitrealty
Added: Jan 30, 2024
Changed: Jul 6
Last Checked: Jul 27 at 2:36AM
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 Home Quest Realty
Investment Insights
Based on property information with market context.
This property is zoned M3 and is located near Executive Center Blvd and Paisano Dr. Permitted uses include auto wrecking yards, auto repair garages, contractor yards, salvage yards, general warehouses, and storage facilities. The property offers an opportunity to transform the space to meet specific business needs. The property size is 1064 square feet.
Key Highlights
- M3 Zoning: Allows for a wide range of industrial and commercial uses
- Permitted Uses: Includes auto wrecking yard, auto repair garage, contractor yard, salvage yard, general warehouse, and storage facility
- Location: Situated near Executive Center Blvd and Paisano Dr
Financial Insights For Warehouse
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 | $8.0k | $7.56 |
| − Vacancy | −$812 | −$0.76 |
| EGI | $7.2k | $6.80 |
| − OpEx | −$1.1k | −$1.02 |
| NOI | $6.1k | $5.78 |
1,064 SF · lease $7.56/SF/yr · vacancy 10.10% · expense 15.00%
Alternative Uses
Best Use
Retail
$172.4K
$150.8K – $201.1K
NOI $12,066 @ 7.0% cap · market cap 12.07%
Second Best
Warehouse
$87.8K
$76.8K – $102.5K
NOI $6,147 @ 7.0% cap · market cap 6.15%
Theoretical Best
Office A
$266.9K
$233.6K – $311.4K
NOI $18,685 @ 7.0% cap · market cap 18.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Executive Center Self Service Storage — 409 Executive Center Blvd, El Paso, TX 79902
- Deseret Forwarding International, Inc. - International Movers — 4105 rio bravo st #100, el paso, tx 79902
Frequently Asked Questions
What type of property is this?
Warehouse - M3 Zoned property suitable for various business needs.
Where is this warehouse located?
The property is located at 23 SAN MARCOS Drive El Paso, TX.
What is the asking price?
The asking price for this property is $100,000.
What are key features of this property?
This property features: M3 Zoning: Allows for a wide range of industrial and commercial uses; Permitted Uses: Includes auto wrecking yard, auto repair garage, contractor yard, salvage yard, general warehouse, and storage facility; Location: Situated near Executive Center Blvd and Paisano Dr
