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    El Paso Commercial/Industrial Property Title is generated by Realmo AI

    12851 VETA RICA Avenue, El Paso, TX 79938

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    Claim this Listing
    For Lease
    $5,000/Mo $25 SF/Yr (calc)

    COMMERCIAL - El Paso, TX

    Property size:
    2,400 SF
    Lot size:
    1.00 Acre
    Added:
    Mar 5, 2026
    Days on Market:
    79
    Last Refresh:
    May 23 at 1:06 pm

    Property Features for 12851 VETA RICA Avenue

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    C1
    Parking features
    On Street
    Fireplace
    1
    Standard status
    Active
    APN
    T29000000020011
    Size
    2,400 SF
    Lot size
    1.00 Acre

    Taxes and HOA fees

    Tax Description
    2 TIERRA DE ORO LOT 11 (1 ACRE)

    Utilities

    Utilities
    Electricity Available
    Sewer type
    Septic Tank

    Building Details

    Floors in Building
    1
    Building materials
    Metal Siding
    Additional Structures
    Workshop

    We can help!

    Listing Contact
    Ana Maria Navarro

    Listing agent Ana Maria Navarro

    Listing office AMAR Real Estate Group 522 W San Francisco Ave B07-B09, El Paso, TX

    Listing date Mar 5, 2026

    MLS# 939496

    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.

    HighLights

    • Ideally located on Veta Rica, off Zaragoza in East El Paso, with convenient access to Loop 375.
    • Fully fenced 1‑acre lot with rock wall and metal sliding gates for secure access and privacy.
    • Includes a 2,400 SF shop building with two garage doors and a side sliding door.
    • Equipped with 3‑phase power, suitable for industrial equipment and operations.
    • Durable, low‑maintenance yard covered with chat rock.
    • Includes a 370 SF paint shed and a 230 SF mobile office.

    Overview

    This flexible commercial/industrial property is available for lease. Situated on 1 acre, the property is located on Veta Rica, just off Zaragoza in the East El Paso market, with convenient access to Loop 375. The property is fully fenced with a rock wall and metal sliding gates, providing secure access and privacy. The yard is covered with chat rock for durability and low maintenance. Improvements include a 2,400 square foot shop building with two garage doors and a side sliding door, a 370 square foot paint shed, and a 230 square foot mobile office. The site also features 3-phase power suitable for industrial equipment and operations. The property previously operated for approximately three years as a used auto sales lot and auto collision repair shop specializing in body repair, chassis and frame straightening, and paint finishing. The facility includes two chassis straightening points and is well suited for auto body repair, contractor yard, vehicle service, or other industrial uses. The zoning is C1.
    Property Profile Location Intelligence

    Current Use by Public Records

    Continental Garcia Motors Car Dealership

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Zombie Tacoz — Richbeem and, Montwood, El Paso, TX 79938

    Location Insight

    • Map
    • Local Demand
    City
    El Paso
    County
    El Paso
    State
    Texas
    Longitude
    -106.24047
    Latitude
    31.777451

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    FAQs

    What type of property is this?
    Flex space - Flexible commercial/industrial space for lease in East El Paso.
    Where is this flex space located?
    The property is located at 12851 VETA RICA Avenue El Paso, TX.
    What is the lease rate?
    The lease rate is $5,000 /Mo.
    What are key features of this property?
    This property features: Ideally located on Veta Rica, off Zaragoza in East El Paso, with convenient access to Loop 375.; Fully fenced 1‑acre lot with rock wall and metal sliding gates for secure access and privacy.; Includes a **2,400 SF shop building** with two garage doors and a side sliding door.
    (915) 820-8484
    We can help!
    Listing Contact
    Ana Maria Navarro
    Request Owner's contact information
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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.

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