Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    High Visibility Shopping Center Space Title is generated by Realmo AI

    1506 Lee Trevino Dr, El Paso, TX 79936

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Retail space in high-traffic shopping center with national co-tenants.

    Type:Retail
    Added:
    Oct 22, 2024
    Days on Market:
    592
    Last Refresh:
    May 12 at 10:04 pm

    Property Features for 1506 Lee Trevino Dr

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Building Details

    Year Built
    1997

    Spaces For Lease

    at 1506 Lee Trevino Dr Contact us

    F1 $18/Mo

    Size
    1,720 SF
    Type
    Retail
    Contact us

    We can help!

    Listing Contact
    Sergio Tinajero
    Sergio Tinajero

    Listing agent Sergio Tinajero License #TX 0486273

    Listing office REP Commercial Real Estate

    Listing date Oct 22, 2024

    Source Crexi

    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 REP Commercial Real Estate

    HighLights

    • High visibility shopping center
    • National co‑tenancy, including Chilis and Taco Bell
    • Located on a high traffic intersection
    • Close proximity access to I‑10
    • Conveniently located near national restaurants, retail, and office tenants
    • Features 340 parking spaces

    Overview

    This retail space is located within a high visibility shopping center that offers close proximity access to I-10. The property benefits from a high traffic intersection and is situated near national restaurants, retail establishments, and office tenants. The shopping center includes national co-tenants such as Chili's and Taco Bell. The property provides 340 parking spaces. A former barbershop space is available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Self Storage Unit ... Storage Facility Oscar Arrieta: Allstate ... Insurance Agency Steady Ink Tattoo ... Tattoo & Piercing Shop La Caracola Tacos ... Restaurant Las Maquinitas Sweepstakes Cafe & Coffee Shop

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Vista Hills Shopping Center — 1840 Lee Trevino Dr, El Paso, TX 79936
    • Trevino Strip II — 2000 Lee Trevino Dr, El Paso, TX 79936

    Location Insight

    • Map
    • Local Demand
    City
    El Paso
    County
    El Paso
    State
    Texas
    Longitude
    -106.317614
    Latitude
    31.752696

    Nearby Similar for Lease

    • $23 SF/Yr
      1,300 SF

      East El Paso Commercial Space

      High-visibility 1,300 SF suite in busy commercial corridor.
      11500 Pellicano Drive, El Paso, TX 79936
      View Details
    • $27 SF/Yr
      4,250 SF

      Restaurant Space For Lease

      Move-in ready restaurant space in East El Paso, Texas.
      11950 Montana Avenue, El Paso, TX 79936
      View Details
    • $3,750/Mo
      3,600 SF

      Versatile Commercial Space in El Paso

      Move-in ready commercial space near Walmart with high visibility.
      1721 Saul Kleinfeld Drive, El Paso, TX 79936
      View Details
    • $4,500/Mo

      El Paso Auto Repair Facility

      High-visibility auto repair facility with 7 service bays for rent.
      2600 WYOMING Avenue, El Paso, TX 79903
      View Details
    • $15 SF/Yr
      5,698 SF

      El Paso Office Space For Lease

      5,698 SF office space on Montana Avenue in El Paso.
      701 Montana Avenue, El Paso, TX 79902
      View Details
    • $4,838/Mo
      2,322 SF

      El Paso Office Space For Rent

      AO-zoned office space in a prime central location.
      1527 Brown Street, El Paso, TX 79902
      View Details
    • $3,950/Mo
      4,000 SF

      Adaptable Commercial Space in El Paso

      Freestanding commercial building with restaurant infrastructure and outdoor space.
      2600 N Piedras Street, El Paso, TX 79930
      View Details
    • $20 SF/Yr
      4,808 SF

      El Paso Commercial Opportunity

      Freestanding 4,808 SF building suited for medical or office use.
      5587 WOODROW BEAN, El Paso, TX 79924
      View Details
    • $27 SF/Yr
      1,440 SF

      High-Traffic Retail Space Available

      Prime retail suites in high-visibility, high-traffic El Paso location.
      14500 Pebble Hills Boulevard, El Paso, TX 79938
      View Details
    • $5,062/Mo
      2,430 SF

      El Paso Medical Office Space

      Well-designed medical office space in a high-visibility location.
      3260 N MESA Street, El Paso, TX 79902
      View Details
    • $8,000/Mo
      5,586 SF

      El Paso Commercial Space Available

      Four suites available for rent in El Paso, Texas.
      9828 Montana Avenue, El Paso, TX 79925
      View Details
    • $4,000/Mo
      1,561 SF

      El Paso Restaurant Space Available

      Restaurant space for lease with drive-thru and ample parking.
      9659 DYER Street, El Paso, TX 79924
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space in high-traffic shopping center with national co-tenants.
    Where is this shopping center located?
    The property is located at 1506 Lee Trevino Dr El Paso, TX.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: High visibility shopping center; National co‑tenancy, including Chilis and Taco Bell; Located on a high traffic intersection
    (915) 422-2242 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Sergio Tinajero
    Sergio Tinajero
    Real Estate License ID: TX 0486273
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1506 Lee Trevino Dr, El Paso, TX 79936
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!