Three-Building Medical Office
For Sale
Contact for pricing
1527 Brown St, El Paso, TX 79902
Medical office campus with a central courtyard, on-site parking, and a mix of leased and available space.
Property Size6,002 SF
Price / SF$249.92
Days on Market13
Property Features for 1527 Brown St
General Information
Standard status
Active
Size
6,002 SF
Property subtype
OFFICE
Amenities
central courtyard
Building Details
Buildings
3
Listing Agency:
Team Juan Uribe
(915) 479-5151
Listed By:
Juan Uribe · License #20228
(915) 479-5151
Source:
Moodyscre
Added: Aug 11
Changed: Aug 21
Last Checked: Aug 23 at 12:49PM
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 Team Juan Uribe
Investment Insights
Based on property information with market context.
This 6,002-square-foot medical office property comprises three buildings connected by a central courtyard, with on-site parking serving the campus. Building A is occupied for medical use, while Buildings B and C are vacant and available for owner occupancy or new tenants. One building includes furniture and medical office equipment, and the remaining areas can accommodate medical or professional office operations.
The property is positioned near medical practices, apartment communities, retail services, and commercial businesses. Kindred Hospital and The Hospitals of Providence are also located nearby, placing the site within an established medical and professional district.
The property is positioned near medical practices, apartment communities, retail services, and commercial businesses. Kindred Hospital and The Hospitals of Providence are also located nearby, placing the site within an established medical and professional district.
Key Highlights
- Three‑building medical office property totaling 6,002 square feet
- Building A is leased for medical use; Buildings B and C are vacant
- Central courtyard connects the three buildings
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
$77,786
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
5.19%
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%
$1,555,720
$1.6M
Cap Rate 7%
$1,111,229
$1.1M
Cap Rate 9%
$864,289
$864.3K
Market Conditions
NOI Build-Up for 6,002 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
$144.0K $24.00/SF
− Vacancy
−$14.4K −$2.40/SF
EGI
$129.6K $21.60/SF
− OpEx
−$51.9K −$8.64/SF
NOI
$77.8K $12.96/SF
Area
El Paso, TX
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
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%
$1,555,720
Cap Rate 7%
$1,111,229
Cap Rate 9%
$864,289
Alternative Uses
Best Use
Healthcare Medical
$1.11M
$972.3K – $1.30M
NOI $77,786 @ 7.0% cap · market cap 5.19%
Second Best
Office B
$1.09M
$949.7K – $1.27M
NOI $75,976 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,403 @ 7.0% cap · market cap 7.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,799
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79902, TX
20,071
Population
9,752
Households
2.1
Avg Household Size
38
Median Age
39%
College-Educated
81%
High-School Grad
6.5 sq mi
ZIP Area
3,088
Density / Sq Mi
$45,333
Median Household Income
$33,495
Median Earnings
$777
Median Rent
$223,300
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?
Medical Office Space - Medical office campus with a central courtyard, on-site parking, and a mix of leased and available space.
Where is this medical office space located?
The property is located at 1527 Brown St El Paso, TX.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Three‑building medical office property totaling 6,002 square feet; Building A is leased for medical use; Buildings B and C are vacant; Central courtyard connects the three buildings
