El Paso Office
For Sale
Contact for pricing
Pending
1600 Yandell Dr, El Paso, TX 79902
Versatile office property in central El Paso with excellent visibility.
Property Size2,637 SF
Days on Market163
Property Features for 1600 Yandell Dr
General Information
Standard status
Pending
Size
2,637 SF
Property subtype
Office
Zoning
C-4
Investment Type
Owner/User
Building Details
Year Built
1961
Buildings
1
Stories
1
Units
1
Listing Agency:
KW Commercial
Listed By:
Angel Cazares · License #Texas 693227
Source:
Crexi
Added: Mar 21
Changed: Aug 8
Last Checked: Jul 24 at 3:37PM
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 KW Commercial
Investment Insights
Based on property information with market context.
Located at 1600 E Yandell Dr in El Paso, TX 79902, this office building is available for sale or lease. The property is situated in a highly accessible central El Paso location, minutes from Downtown El Paso, with immediate access to I-10. This corner property offers excellent visibility and functionality for a variety of office or service-based users. The building features a practical layout with private offices, meeting space, and open areas suitable for administrative or client-facing operations. The interior includes a dedicated conference room, ideal for team meetings or client presentations, along with flexible workspace configurations to accommodate different business needs. The property provides a secured yard area that can be utilized for parking, equipment storage, or additional operational use. The property size is 2637 square feet.
Key Highlights
- Highly accessible central El Paso location with immediate access to I‑10 and minutes from Downtown El Paso.
- Versatile office property suitable for a variety of office or service‑based users.
- Secured yard area for parking, equipment storage, or additional operational use.
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
$33,380
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
8.45%
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%
$667,600
$667.6K
Cap Rate 7%
$476,857
$476.9K
Cap Rate 9%
$370,889
$370.9K
Market Conditions
NOI Build-Up for 2,637 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
$54.7K $20.76/SF
− Vacancy
−$10.2K −$3.88/SF
EGI
$44.5K $16.88/SF
− OpEx
−$11.1K −$4.22/SF
NOI
$33.4K $12.66/SF
Area
El Paso, TX
Vacancy
18.70%
Lease Rate
$20.76 /SF/Yr
Expense Ratio
25.00%
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%
$667,600
Cap Rate 7%
$476,857
Cap Rate 9%
$370,889
Alternative Uses
Best Use
Office B
$476.9K
$417.3K – $556.3K
NOI $33,380 @ 7.0% cap · market cap 8.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$661.6K
$578.9K – $771.8K
NOI $46,309 @ 7.0% cap · market cap 11.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,613
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
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?
Office building - Versatile office property in central El Paso with excellent visibility.
Where is this office building located?
The property is located at 1600 Yandell Dr El Paso, TX.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Highly accessible central El Paso location with immediate access to I‑10 and minutes from Downtown El Paso.; Versatile office property suitable for a variety of office or service‑based users.; Secured yard area for parking, equipment storage, or additional operational use.
