Mixed-Use Property with
For Sale
$370,000
1600 WYOMING Avenue, El Paso, TX 79902
The building combines professional space, two studio residences and a rear workshop under one roof.
Property Size3,547 SF
Price / SF$104.31
Days on Market190
Property Features for 1600 WYOMING Avenue
General Information
Standard status
Active
Size
3,547 SF
Property subtype
COMMERCIAL
Site & Location
Neighborhood
Texas and Myrtle Ave. Business District Association
Units
Unit Mix
2 x studio
Multifamily Units
2
Individually Metered Utilities
gas
Additional Details
Property Use
Office
Building Details
Buildings
1
Listing Agency:
Side
Listed By:
Center Real Estate
(915) 228-3989
Source:
Center-realestate
Added: Apr 24
Changed: Oct 27
Last Checked: Oct 27 at 3:34AM
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 Side
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Investment Insights
Based on property information with market context.
This mixed-use building contains 3,547 square feet, including approximately 2,073 square feet of commercial space at the front. Two studio apartments occupy the middle section, while a workshop is positioned at the rear. The workshop previously served as a sheet metal and sign shop.
The property is at 1600 Wyoming Avenue in El Paso. Separate gas meters serve the two apartments. Electrical service has been updated throughout, and Apartment A has new ductwork.
The property is at 1600 Wyoming Avenue in El Paso. Separate gas meters serve the two apartments. Electrical service has been updated throughout, and Apartment A has new ductwork.
Key Highlights
- 3,547‑square‑foot mixed‑use building
- Approximately 2,073 square feet of commercial space at the front
- Two studio apartments, each with a separate gas meter
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,579
Cap Rate
7.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$591,580
$591.6K
Cap Rate 7%
$422,557
$422.6K
Cap Rate 9%
$328,656
$328.7K
Market Conditions
NOI Build-Up for 3,547 SF
Gross rent
$56.6K $15.96/SF
− Vacancy
−$2.8K −$0.80/SF
EGI
$53.8K $15.16/SF
− OpEx
−$24.2K −$6.82/SF
NOI
$29.6K $8.34/SF
Area
El Paso, TX
Vacancy
5.00%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$591,580
Cap Rate 7%
$422,557
Cap Rate 9%
$328,656
Alternative Uses
Best Use
Office B
$641.4K
$561.2K – $748.3K
NOI $44,899 @ 7.0% cap · market cap 12.13%
Second Best
Mixed Use
$602.0K
$526.7K – $702.3K
NOI $42,138 @ 7.0% cap · market cap 11.39%
Theoretical Best
Office A
$889.9K
$778.6K – $1.04M
NOI $62,290 @ 7.0% cap · market cap 16.84%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,538
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in El Paso, TX
Frequently Asked Questions
What type of property is this?
Mixed-use property - The building combines professional space, two studio residences and a rear workshop under one roof.
Where is this mixed-use property located?
The property is located at 1600 WYOMING Avenue El Paso, TX.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: 3,547‑square‑foot mixed‑use building; Approximately 2,073 square feet of commercial space at the front; Two studio apartments, each with a separate gas meter
