Class B Flex Facility with
For Sale
$4,999,999
1381 DARRINGTON Road, El Paso, TX 79928
Industrial flex property combining air-conditioned offices, warehouse space, a restaurant area, event room, and classroom.
Property Size29,042 SF
Price / SF$172.16
Days on Market586
Property Features for 1381 DARRINGTON Road
General Information
Standard status
Active
Size
29,042 SF
Class
Class B
Property subtype
General Commercial
Warehouse & Industrial
Warehouse Space
18,000 SF
Office Build-Out
11,042 SF
Amenities
refrigerated air conditioning
evaporative cooling
industrial-grade fans
restaurant space
event room
classroom
3
Building Details
Building Size
29,042 SF
Listing Agency:
The Real Estate Agency
(915) 504-1043
Listed By:
Alijah Ortiz
(915) 504-1043
Source:
Xome
Added: Jan 21, 2025
Changed: Aug 30
Last Checked: Aug 30 at 1:20PM
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 The Real Estate Agency
Investment Insights
Based on property information with market context.
This Class B flex facility at 1381 DARRINGTON Road in El Paso combines office, warehouse, and supplementary commercial areas within a 29,042-square-foot building. The office component totals 11,042 square feet and includes refrigerated air conditioning, while the 18,000-square-foot warehouse uses evaporative cooling and industrial fans. The property also contains a 2,042-square-foot restaurant area, one event room, and one classroom.
The interior includes 19 private offices distributed throughout the facility, providing a defined office component alongside the industrial work area. The configuration supports businesses seeking a combination of administrative, storage, operational, food-service, training, or event space within one property.
The interior includes 19 private offices distributed throughout the facility, providing a defined office component alongside the industrial work area. The configuration supports businesses seeking a combination of administrative, storage, operational, food-service, training, or event space within one property.
Key Highlights
- 29,042 SF gross building area with office, warehouse, restaurant, event, and classroom areas
- 11,042 SF office area, representing 38% office build‑out, with refrigerated air conditioning
- 18,000 SF warehouse area with evaporative cooling and industrial‑grade fans
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
$295,043
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
5.90%
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%
$5,900,860
$5.9M
Cap Rate 7%
$4,214,900
$4.2M
Cap Rate 9%
$3,278,256
$3.3M
Market Conditions
NOI Build-Up for 29,042 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
$474.0K $16.32/SF
− Vacancy
−$80.6K −$2.77/SF
EGI
$393.4K $13.55/SF
− OpEx
−$98.3K −$3.39/SF
NOI
$295.0K $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%
$5,900,860
Cap Rate 7%
$4,214,900
Cap Rate 9%
$3,278,256
Alternative Uses
Best Use
Office B
$4.21M
$3.69M – $4.92M
NOI $295,043 @ 7.0% cap · market cap 5.90%
Second Best
Warehouse
$2.38M
$2.08M – $2.77M
NOI $166,443 @ 7.0% cap · market cap 3.33%
Theoretical Best
Office A
$5.08M
$4.44M – $5.92M
NOI $355,474 @ 7.0% cap · market cap 7.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
28
Businesses Nearby
Well-served
Demand for This Use
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
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial flex property combining air-conditioned offices, warehouse space, a restaurant area, event room, and classroom.
Where is this flex space located?
The property is located at 1381 DARRINGTON Road El Paso, TX.
What is the asking price?
The asking price for this property is $4,999,999.
What are key features of this property?
This property features: 29,042 SF gross building area with office, warehouse, restaurant, event, and classroom areas; 11,042 SF office area, representing 38% office build‑out, with refrigerated air conditioning; 18,000 SF warehouse area with evaporative cooling and industrial‑grade fans
