Gated Industrial Warehouse
For Sale
$1,595,000
1515 Goodyear Drive, El Paso, TX 79936
COMMERCIAL - El Paso, TX
Property Size13,600 SF
Lot Size1.00 Acre
Price / SF$117.28
Days on Market541
Property Features for 1515 Goodyear Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
PI
Fireplace
1
Standard status
Active
APN
150195
Lot size
1.00 Acre
Taxes and HOA fees
Tax Description
290 VISTA DEL SOL #59 PT OF LOT 2 BEG 49.66'S OF NEC (158.55'ON ST 281.67'ON S 159.56 FT ON W 267.59'ON W) 43548.14 SF
Legal Description
290 VISTA DEL SOL #59 PT OF LOT 2 BEG 49.66'S OF NEC (158.55'ON ST 281.67'ON S 159.56 FT ON W 267.59'ON W) 43548.14 SF
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Evaporative Cooling
Building Details
Floors in Building
1
Listing Agency:
Ruben Guerrero
(915) 252-5098
Listed By:
Ruben Guerrero · License #TEXAS-LIC.NO.:742489
(915) 252-5098
Added: Mar 3, 2025
Changed: Aug 4
Last Checked: Aug 26 at 6:06PM
MLS# 918009
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 gated warehouse property comprises two industrial buildings totaling 13,600 square feet on 1 acre. Building 1 contains 7,500 square feet, while Building 2 provides 6,100 square feet. The facilities offer 18-foot clear heights, one dock-high door position, and six grade-level doors. Electrical service includes 3-phase power at 480 volts and 600 amps. Natural gas heating, evaporative cooling, and public sewer are also reported.
The property is located at 1515 Goodyear Drive in El Paso, near the signalized intersection of Goodyear and Pellicano. Its transportation access includes proximity to Interstate 10, Loop 375, the US/Mexico Port of Entry, major thoroughfares, and industrial parks. The site is identified for warehouse, manufacturing, industrial, and distribution applications.
The property is located at 1515 Goodyear Drive in El Paso, near the signalized intersection of Goodyear and Pellicano. Its transportation access includes proximity to Interstate 10, Loop 375, the US/Mexico Port of Entry, major thoroughfares, and industrial parks. The site is identified for warehouse, manufacturing, industrial, and distribution applications.
Key Highlights
- 13,600 SF across two buildings on 1 acre
- Building 1: 7,500 SF; Building 2: 6,100 SF
- 18 ft. clear height with one dock‑high door position
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
$78,567
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
4.93%
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%
$1,571,340
$1.6M
Cap Rate 7%
$1,122,386
$1.1M
Cap Rate 9%
$872,967
$873.0K
Market Conditions
NOI Build-Up for 13,600 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
$102.8K $7.56/SF
− Vacancy
−$10.4K −$0.76/SF
EGI
$92.4K $6.80/SF
− OpEx
−$13.9K −$1.02/SF
NOI
$78.6K $5.78/SF
Area
ZIP 79936
Vacancy
10.10%
Lease Rate
$7.56 /SF/Yr
Expense Ratio
15.00%
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%
$1,571,340
Cap Rate 7%
$1,122,386
Cap Rate 9%
$872,967
Alternative Uses
Best Use
Warehouse
$1.12M
$982.1K – $1.31M
NOI $78,567 @ 7.0% cap · market cap 4.93%
Second Best
Industrial
$924.3K
$808.8K – $1.08M
NOI $64,702 @ 7.0% cap · market cap 4.06%
Theoretical Best
Office A
$2.88M
$2.52M – $3.36M
NOI $201,414 @ 7.0% cap · market cap 12.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
18 ft
Clear height
1
Dock-high doors
6
Drive-in doors
Yes
Heavy power
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,705
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79936, TX
105,150
Population
36,825
Households
2.9
Avg Household Size
37
Median Age
28%
College-Educated
86%
High-School Grad
25.9 sq mi
ZIP Area
4,060
Density / Sq Mi
$64,958
Median Household Income
$32,862
Median Earnings
$1,214
Median Rent
$169,500
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?
Warehouse - Two-building warehouse property with heavy electrical service, loading access, and connectivity to major regional transportation routes.
Where is this warehouse located?
The property is located at 1515 Goodyear Drive El Paso, TX.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: 13,600 SF across two buildings on 1 acre; Building 1: 7,500 SF; Building 2: 6,100 SF; 18 ft. clear height with one dock‑high door position
