Office Building with Leased
For Sale
Contact for pricing
2417 Yandell Dr, El Paso, TX 79903
Two office suites plus a leased 1,258 SF warehouse to a public entity through 2030.
Property Size7,400 SF
Price / SF$128.38
Days on Market609
Property Features for 2417 Yandell Dr
General Information
Standard status
Active
Size
7,400 SF
Property subtype
OFFICE
Net Operating Income
$76,800
Financials
Asking Price
$950,000
Cap Rate
8.08%
Additional Details
Highway Access
Yes
Warehouse Space
1,258 SF
Office Units
2
Building Details
Buildings
1
Building Size
7,400 SF
Tenancy
Single
Listing Agency:
Cap Rate Real Estate Group
(915) 443-8859
Listed By:
Anibal Olague · License #0653430
(915) 443-8859
Source:
Moodyscre
Added: Dec 1, 2024
Changed: Jul 30
Last Checked: Aug 2 at 2:45PM
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 Cap Rate Real Estate Group
Investment Insights
Based on property information with market context.
2417 E Yandell is a ±17,400 SF professional office building featuring two office suites and an attached 1,258 SF warehouse. The warehouse is currently leased to a stable public entity through 2030, supporting long-term income for investors.
The property is located in central El Paso, just minutes from Downtown, I-10, the port of entry, and major thoroughfares, which can help support tenant accessibility and day-to-day convenience.
Lease terms include protections designed for long-term performance. The tenant is responsible for property tax increases above the base year, as well as utilities and interior maintenance. The lease also includes two 5-year renewal options, each with 5% rent escalations. The offering reflects an 8.08% cap rate.
The property is located in central El Paso, just minutes from Downtown, I-10, the port of entry, and major thoroughfares, which can help support tenant accessibility and day-to-day convenience.
Lease terms include protections designed for long-term performance. The tenant is responsible for property tax increases above the base year, as well as utilities and interior maintenance. The lease also includes two 5-year renewal options, each with 5% rent escalations. The offering reflects an 8.08% cap rate.
Key Highlights
- ±17,400 SF professional office building with two office suites
- 1,258 SF warehouse leased to a public entity through 2030
- Two 5‑year renewal options with 5% rent escalations at each extension
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 | $55.9k | $7.56 |
| − Vacancy | −$5.7k | −$0.76 |
| EGI | $50.3k | $6.80 |
| − OpEx | −$7.5k | −$1.02 |
| NOI | $42.7k | $5.78 |
7,400 SF · lease $7.56/SF/yr · vacancy 10.10% · expense 15.00%
Alternative Uses
Best Use
Office B
$1.34M
$1.17M – $1.56M
NOI $93,672 @ 7.0% cap · market cap 9.86%
Second Best
Warehouse
$610.7K
$534.4K – $712.5K
NOI $42,750 @ 7.0% cap · market cap 4.50%
Theoretical Best
Office A
$1.86M
$1.62M – $2.17M
NOI $129,954 @ 7.0% cap · market cap 13.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Office units
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,638
Businesses Nearby
Explore this area
Business Placement
Demographics for 79903, TX
16,425
Population
6,708
Households
2.4
Avg Household Size
44
Median Age
16%
College-Educated
74%
High-School Grad
3.0 sq mi
ZIP Area
5,475
Density / Sq Mi
$38,294
Median Household Income
$24,288
Median Earnings
$883
Median Rent
$118,300
Median Home Value
Market
Vacancy Rate% for Office in El Paso, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Two office suites plus a leased 1,258 SF warehouse to a public entity through 2030.
Where is this office building located?
The property is located at 2417 Yandell Dr El Paso, TX.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: ±17,400 SF professional office building with two office suites; 1,258 SF warehouse leased to a public entity through 2030; Two 5‑year renewal options with 5% rent escalations at each extension
