Retail Building with High-Visibility
For Sale
Contact for pricing
1700 Montana Avenue, El Paso, TX 79902
Retail building positioned at a high-traffic intersection with strong visibility and nearby residential density.
Property Size8,140 SF
Price / SF$145.82
Days on Market61
Property Features for 1700 Montana Avenue
General Information
Standard status
Active
Size
8,140 SF
Property subtype
Retail
Zoning
C-2
Listing Agency:
REP Commercial Real Estate
(915) 422-2242
Listed By:
Sergio Tinajero · License #TX 0486273
Source:
Crexi
Added: Jul 2
Changed: Aug 22
Last Checked: Aug 29 at 10:16PM
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
Investment Insights
Based on property information with market context.
This property is a centrally located retail building totaling 8,140 square feet. The offering is positioned for businesses that benefit from storefront exposure on a prominent corner and consistent pedestrian activity from the surrounding area.
The asset provides ease of access to Downtown as well as routes to the northeast, east, and west parts of El Paso. It is adjacent to a mix of retail, medical offices, office professionals, and hospitals, and it sits on a high-traffic intersection with strong visibility. The Brio public bus transportation line stop is nearby, and the property is described as being on the Sun Bowl Parade route. The surrounding area is characterized by dense established residential and multi-family housing.
For tenants, this location supports retail uses that rely on foot traffic and visibility from major intersection exposure, with convenient public transit access for shoppers and visitors. For buyers, the combination of nearby healthcare and office activity, dense housing, and transit adjacency can support a variety of neighborhood-serving retail concepts, subject to applicable approvals.
The asset provides ease of access to Downtown as well as routes to the northeast, east, and west parts of El Paso. It is adjacent to a mix of retail, medical offices, office professionals, and hospitals, and it sits on a high-traffic intersection with strong visibility. The Brio public bus transportation line stop is nearby, and the property is described as being on the Sun Bowl Parade route. The surrounding area is characterized by dense established residential and multi-family housing.
For tenants, this location supports retail uses that rely on foot traffic and visibility from major intersection exposure, with convenient public transit access for shoppers and visitors. For buyers, the combination of nearby healthcare and office activity, dense housing, and transit adjacency can support a variety of neighborhood-serving retail concepts, subject to applicable approvals.
Key Highlights
- Retail building positioned at a high‑traffic intersection with strong visibility
- Adjacent to retail, medical offices, office professionals, and hospitals
- Near a Brio public bus line stop
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
$92,308
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
7.78%
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%
$1,846,160
$1.8M
Cap Rate 7%
$1,318,686
$1.3M
Cap Rate 9%
$1,025,644
$1.0M
Market Conditions
NOI Build-Up for 8,140 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
$146.5K $18.00/SF
− Vacancy
−$14.7K −$1.80/SF
EGI
$131.9K $16.20/SF
− OpEx
−$39.6K −$4.86/SF
NOI
$92.3K $11.34/SF
Area
El Paso, TX
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,846,160
Cap Rate 7%
$1,318,686
Cap Rate 9%
$1,025,644
Alternative Uses
Best Use
Retail
$1.32M
$1.15M – $1.54M
NOI $92,308 @ 7.0% cap · market cap 7.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.04M
$1.79M – $2.38M
NOI $142,950 @ 7.0% cap · market cap 12.04%
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
36k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 80%
Dining 18%
Electronics 2%
Circle K
Shops & Services
20,843 visits/mo
0.2 miles
PLS Financial Services
Shops & Services
7,940 visits/mo
0.3 miles
SUBWAY
Dining
3,681 visits/mo
0.2 miles
Puerto Vallarta
Dining
2,829 visits/mo
0.0 miles
Metro by T-Mobile
Electronics
587 visits/mo
0.0 miles
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 Retail in El Paso, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail building positioned at a high-traffic intersection with strong visibility and nearby residential density.
Where is this retail space located?
The property is located at 1700 Montana Avenue El Paso, TX.
What is the asking price?
The asking price for this property is $1,187,000.
What are key features of this property?
This property features: Retail building positioned at a high‑traffic intersection with strong visibility; Adjacent to retail, medical offices, office professionals, and hospitals; Near a Brio public bus line stop
