Drive-Through Restaurant
For Sale
$592,800
8033 ALAMEDA Avenue, El Paso, TX 79915
Stand-alone restaurant building with drive-thru and outdoor patio on a dedicated parking lot.
Property Size2,470 SF
Lot Size0.43 Acres
Price / SF$240
Days on Market535
Property Features for 8033 ALAMEDA Avenue
General Information
Standard status
Active
Size
2,470 SF
Total Parking Spaces
25
Lot size
0.43 Acres
Property subtype
General Commercial
Additional Details
Cap Rate
7.5%
Amenities
outdoor patio
Central Air
3
Listing Agency:
ELP Real Estate Group, LLC
(915) 240-1231
Listed By:
Ernesto Salas · License #728058
(915) 240-1231
Source:
Xome
Added: Mar 13, 2025
Changed: Aug 12
Last Checked: Aug 29 at 6:14AM
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 ELP Real Estate Group, LLC
Investment Insights
Based on property information with market context.
8033 Alameda Avenue is a stand-alone restaurant building offered for lease or sale, totaling 2,470 SF on an 18,750 SF lot. The property includes a drive-thru and an outdoor patio, along with 25 dedicated parking spaces.
The site is located at 8033 Alameda Avenue in El Paso, Texas, positioned along a heavily traveled commercial corridor for strong day-to-day accessibility.
For investors, the property is currently generating income and is offered at a 7.5% cap rate with minimal landlord responsibilities, while also presenting an owner-user option to support a new or expanding restaurant concept at the same address.
The site is located at 8033 Alameda Avenue in El Paso, Texas, positioned along a heavily traveled commercial corridor for strong day-to-day accessibility.
For investors, the property is currently generating income and is offered at a 7.5% cap rate with minimal landlord responsibilities, while also presenting an owner-user option to support a new or expanding restaurant concept at the same address.
Key Highlights
- 2,470 SF stand‑alone building for lease or sale on an 18,750 SF lot
- Drive‑thru on the property
- Outdoor patio for additional seating or private events
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
$36,813
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
6.21%
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%
$736,260
$736.3K
Cap Rate 7%
$525,900
$525.9K
Cap Rate 9%
$409,033
$409.0K
Market Conditions
NOI Build-Up for 2,470 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
$53.4K $21.60/SF
− Vacancy
−$4.3K −$1.73/SF
EGI
$49.1K $19.87/SF
− OpEx
−$12.3K −$4.97/SF
NOI
$36.8K $14.90/SF
Area
El Paso, TX
Vacancy
8.00%
Lease Rate
$21.60 /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%
$736,260
Cap Rate 7%
$525,900
Cap Rate 9%
$409,033
Alternative Uses
Best Use
Specialty Retail
$525.9K
$460.2K – $613.6K
NOI $36,813 @ 7.0% cap · market cap 6.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$619.7K
$542.2K – $723.0K
NOI $43,377 @ 7.0% cap · market cap 7.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
551
Businesses Nearby
81k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 92%
Dining 6%
Electronics 2%
Circle K
Shops & Services
20,325 visits/mo
0.4 miles
Dollar Tree
Shops & Services
16,547 visits/mo
0.5 miles
Mister Car Wash
Shops & Services
15,392 visits/mo
0.4 miles
Family Dollar
Shops & Services
11,989 visits/mo
0.5 miles
Little Caesars Pizza
Dining
4,952 visits/mo
0.5 miles
Demographics for 79915, TX
35,234
Population
14,139
Households
2.5
Avg Household Size
41
Median Age
13%
College-Educated
68%
High-School Grad
8.9 sq mi
ZIP Area
3,959
Density / Sq Mi
$35,938
Median Household Income
$25,400
Median Earnings
$808
Median Rent
$117,600
Median Home Value
Market
Vacancy Rate% for Retail in El Paso, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Stand-alone restaurant building with drive-thru and outdoor patio on a dedicated parking lot.
Where is this drive through restaurant located?
The property is located at 8033 ALAMEDA Avenue El Paso, TX.
What is the asking price?
The asking price for this property is $592,800.
What are key features of this property?
This property features: 2,470 SF stand‑alone building for lease or sale on an 18,750 SF lot; Drive‑thru on the property; Outdoor patio for additional seating or private events
