Live-Work Space with Enclosed
For Sale
$399,900
12700 Chaucer Road, El Paso, TX 79928
COMMERCIAL - El Paso, TX
Property Size1,542 SF
Lot Size0.24 Acres
Price / SF$259.34
Days on Market17
Property Features for 12700 Chaucer Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R1
Parking features
Assigned
Fireplace
1
Subdivision
Sparks
Standard status
Active
APN
S56200202502000
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
921
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Forced Air, Central
Cooling system
Ceiling Fan(s)
Amenities
full kitchen
break area
laundry room
loft sitting area
Building Details
Floors in Building
2
Building materials
Frame
Additional Structures
Workshop
Listing Agency:
The Right Move Real Estate Gro
(915) 253-1966
Listed By:
Miriam Jeanette Anguiano · License #0721410
(915) 540-3773
Added: Jul 27
Changed: Aug 4
Last Checked: Aug 12 at 8:06AM
MLS# 948374
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.
Investment Insights
Based on property information with market context.
Live-work space combining commercial/office functionality with on-site living amenities, situated on a 0.24-acre lot. The property includes 1,542 sq. ft. of commercial/office space with two bedrooms and two bathrooms, a full kitchen with break area, a loft sitting area, and two private office spaces. A dedicated laundry room with washer and dryer supports daily convenience.
The workshop and vehicle area includes a spacious enclosed garage with 24-foot ceilings and a separate refrigerated air system for the garage/workshop. Privacy and security features include rockwall fencing and front iron work standing 14 ft tall. A covered carport provides RV parking, along with ample space for equipment, vehicles, storage, or workshop use.
Located about 1 minute from I-10, the property is framed construction and served by public sewer. Zoning is R1.
The workshop and vehicle area includes a spacious enclosed garage with 24-foot ceilings and a separate refrigerated air system for the garage/workshop. Privacy and security features include rockwall fencing and front iron work standing 14 ft tall. A covered carport provides RV parking, along with ample space for equipment, vehicles, storage, or workshop use.
Located about 1 minute from I-10, the property is framed construction and served by public sewer. Zoning is R1.
Key Highlights
- 0.24‑acre live‑work lot
- 1,542 sq. ft. commercial/office space
- Rockwall fencing plus 14 ft tall front iron work
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
$15,665
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
3.92%
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%
$313,300
$313.3K
Cap Rate 7%
$223,786
$223.8K
Cap Rate 9%
$174,056
$174.1K
Market Conditions
NOI Build-Up for 1,542 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
$25.2K $16.32/SF
− Vacancy
−$4.3K −$2.77/SF
EGI
$20.9K $13.55/SF
− OpEx
−$5.2K −$3.39/SF
NOI
$15.7K $10.16/SF
Area
ZIP 79928
Vacancy
17.00%
Lease Rate
$16.32 /SF/Yr
Expense Ratio
25.00%
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%
$313,300
Cap Rate 7%
$223,786
Cap Rate 9%
$174,056
Alternative Uses
Best Use
Office B
$223.8K
$195.8K – $261.1K
NOI $15,665 @ 7.0% cap · market cap 3.92%
Second Best
Mixed Use
$205.9K
$180.1K – $240.2K
NOI $14,410 @ 7.0% cap · market cap 3.60%
Theoretical Best
Office A
$269.6K
$235.9K – $314.6K
NOI $18,874 @ 7.0% cap · market cap 4.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
24 ft
Clear height
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
109
Businesses Nearby
Explore this area
Business Placement
Demographics for 79928, TX
78,971
Population
24,841
Households
3.2
Avg Household Size
29
Median Age
24%
College-Educated
85%
High-School Grad
209.9 sq mi
ZIP Area
376
Density / Sq Mi
$73,704
Median Household Income
$37,406
Median Earnings
$1,145
Median Rent
$188,600
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.
Frequently Asked Questions
What type of property is this?
Live-work space - Live-work property with a spacious enclosed garage, RV parking carport, private offices, and dedicated laundry room.
Where is this live-work space located?
The property is located at 12700 Chaucer Road El Paso, TX.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 0.24‑acre live‑work lot; 1,542 sq. ft. commercial/office space; Rockwall fencing plus 14 ft tall front iron work
