Newly Remodeled Retail and Office
For Sale
Contact for pricing
D-5640 Montana Ave, El Paso, TX 79902
Red Rooster Shopping Center offers newly remodeled retail and office space with multiple established anchor tenants.
Property Size1,200 SF
Price / SF$0.01
Days on Market1655
Property Features for D-5640 Montana Ave
General Information
Standard status
Active
Size
1,200 SF
Site & Location
Neighborhood
Houston Park Neighborhood Association
Anchor Co-Tenants
Baskin Robbins Ice Cream, Sally Beauty Supply, McDonalds, Whataburger
Building Details
Tenancy
Multi
Listing Agency:
Doug Borrett Real Estate Co.
Listed By:
George Cruz · License #0379466
(915) 630-1133
Source:
Exprealty
Added: Apr 19, 2022
Changed: Oct 25
Last Checked: Oct 28 at 2:44PM
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 Doug Borrett Real Estate Co.
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Investment Insights
Based on property information with market context.
Red Rooster Shopping Center is newly remodeled and centrally located in El Paso. The center has one retail space and one office space available, totaling approximately 1,200 square feet combined, and both are described as ready to move in.
Anchor tenants include Baskin Robbins Ice Cream, Sally Beauty Supply, McDonalds, and Whataburger. The center is located between Montana Ave and Trowbridge Dr, one block from Paisano Dr.
This offering provides available in-center retail and office units within a multi-tenant shopping center environment anchored by national and regional brands.
Anchor tenants include Baskin Robbins Ice Cream, Sally Beauty Supply, McDonalds, and Whataburger. The center is located between Montana Ave and Trowbridge Dr, one block from Paisano Dr.
This offering provides available in-center retail and office units within a multi-tenant shopping center environment anchored by national and regional brands.
Key Highlights
- Red Rooster Shopping Center located centrally between Montana Ave & Trowbridge Dr, one block from Paisano Dr
- Newly remodeled shopping center offering one retail space and one office space available
- Available spaces total approximately 1,200 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,608
Suggested Prices Based on Cap Rates
Cap Rate 5%
$272,160
$272.2K
Cap Rate 7%
$194,400
$194.4K
Cap Rate 9%
$151,200
$151.2K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$21.6K $18.00/SF
− Vacancy
−$2.2K −$1.80/SF
EGI
$19.4K $16.20/SF
− OpEx
−$5.8K −$4.86/SF
NOI
$13.6K $11.34/SF
Area
El Paso, TX
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$272,160
Cap Rate 7%
$194,400
Cap Rate 9%
$151,200
Alternative Uses
Best Use
Office B
$217.0K
$189.9K – $253.2K
NOI $15,190 @ 7.0% cap · market cap 108,500.00%
Second Best
Retail
$194.4K
$170.1K – $226.8K
NOI $13,608 @ 7.0% cap · market cap 97,200.00%
Theoretical Best
Office A
$301.1K
$263.4K – $351.2K
NOI $21,074 @ 7.0% cap · market cap 150,528.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,347
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79902, TX
20,071
Population
9,752
Households
2.1
Avg Household Size
38
Median Age
39%
College-Educated
81%
High-School Grad
6.5 sq mi
ZIP Area
3,088
Density / Sq Mi
$45,333
Median Household Income
$33,495
Median Earnings
$777
Median Rent
$223,300
Median Home Value
Market
Vacancy Rate% for Office in El Paso, TX
Similar Off Market Nearby
- El Paso Markets — 199-109 E Overland Ave, El Paso, TX 79901
- Natural store — El Paso, TX 79901
- Wakefield Plaza — 457 Yandell Dr, El Paso, TX 79902
Frequently Asked Questions
What type of property is this?
Shopping center - Red Rooster Shopping Center offers newly remodeled retail and office space with multiple established anchor tenants.
Where is this shopping center located?
The property is located at D-5640 Montana Ave El Paso, TX.
What are key features of this property?
This property features: Red Rooster Shopping Center located centrally between Montana Ave & Trowbridge Dr, one block from Paisano Dr; Newly remodeled shopping center offering one retail space and one office space available; Available spaces total approximately 1,200 SF
