Flexible Two-Room Flex
For Sale
$250,000
13662 Christy Avenue, El Paso, TX 79938
Commercial Sale, El Paso, TX
Property Size1,600 SF
Lot Size0.25 Acres
Price / SF$156.25
Days on Market38
Property Features for 13662 Christy Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Out of Area
Fireplace
1
Standard status
Active
APN
H48700001301700
Lot size
0.25 Acres
Utilities
Heating system
Wall Furnace
Building Details
Floors in Building
2
Listing Agency:
Home Pros Real Estate Group
(915) 585-8806
Listed By:
Edgar A Galindo
(915) 799-6210
Added: Aug 1
Changed: Sep 4
Last Checked: Sep 7 at 12:06PM
MLS# 948680
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.
Investment Insights
Based on property information with market context.
This flex space includes a 1,600-square-foot building on a flat 0.25-acre lot. The interior is arranged around two oversized open rooms and a ready-to-use kitchen, creating a practical configuration for operations that require adaptable indoor space. A wall furnace and fireplace are also present.
Located at 13662 Christy Avenue in El Paso, the property offers road visibility and vehicle access. The outdoor area can accommodate uses identified in the property information, including fleet parking, heavy equipment storage, outdoor events, a daycare facility, an event venue, a party rental operation, or a contractor office. Zoning is listed as Out of Area.
Located at 13662 Christy Avenue in El Paso, the property offers road visibility and vehicle access. The outdoor area can accommodate uses identified in the property information, including fleet parking, heavy equipment storage, outdoor events, a daycare facility, an event venue, a party rental operation, or a contractor office. Zoning is listed as Out of Area.
Key Highlights
- 1,600‑square‑foot building on a 0.25‑acre flat lot
- Two oversized open‑concept rooms provide flexible interior configuration
- Ready‑to‑use kitchen included
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
$9,312
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
3.72%
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%
$186,240
$186.2K
Cap Rate 7%
$133,029
$133.0K
Cap Rate 9%
$103,467
$103.5K
Market Conditions
NOI Build-Up for 1,600 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
$15.9K $9.96/SF
− Vacancy
−$1.6K −$1.01/SF
EGI
$14.3K $8.95/SF
− OpEx
−$5.0K −$3.13/SF
NOI
$9.3K $5.82/SF
Area
ZIP 79938
Vacancy
10.10%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
35.00%
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%
$186,240
Cap Rate 7%
$133,029
Cap Rate 9%
$103,467
Alternative Uses
Best Use
Flex RnD
$133.0K
$116.4K – $155.2K
NOI $9,312 @ 7.0% cap · market cap 3.72%
Second Best
Industrial
$108.7K
$95.2K – $126.9K
NOI $7,612 @ 7.0% cap · market cap 3.04%
Theoretical Best
Office A
$401.4K
$351.2K – $468.3K
NOI $28,098 @ 7.0% cap · market cap 11.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
149
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79938, TX
96,353
Population
29,818
Households
3.2
Avg Household Size
29
Median Age
28%
College-Educated
85%
High-School Grad
390.2 sq mi
ZIP Area
247
Density / Sq Mi
$75,801
Median Household Income
$40,528
Median Earnings
$1,433
Median Rent
$199,700
Median Home Value
Market
Vacancy Rate% for Industrial in El Paso, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Adaptable commercial building with a kitchen, open interior areas, and usable outdoor space for vehicle access or business operations.
Where is this flex space located?
The property is located at 13662 Christy Avenue El Paso, TX.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 1,600‑square‑foot building on a 0.25‑acre flat lot; Two oversized open‑concept rooms provide flexible interior configuration; Ready‑to‑use kitchen included
