Two-Building Medical Office
For Sale
$6,230,000
1721 Lee Trevino Drive, El Paso, TX 79935
Commercial Sale, El Paso, TX
Property Size18,697 SF
Lot Size1.84 Acres
Price / SF$333.21
Days on Market180
Property Features for 1721 Lee Trevino Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C1
Parking
85
Parking features
Assigned
Fireplace
1
Subdivision
Vista Del Sol
Standard status
Active
APN
46261
Lot size
1.84 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
238 VISTA DEL SOL #47 LOT 9A (79963.00 SQ FT), City of El Paso
Tax Annual Amount
57208
Legal Description
238 VISTA DEL SOL #47 LOT 9A (79963.00 SQ FT), City of El Paso
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Amenities
solar energy system
Building Details
Floors in Building
1
Building materials
Frame, Stucco
Listing Agency:
Doug Borrett Real Estate Co.
(915) 584-1212
Listed By:
George Cruz · License #0379466
(915) 630-1133
Added: Mar 13
Changed: Sep 3
Last Checked: Sep 8 at 12:06AM
MLS# 940425
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 medical office property comprises two buildings totaling approximately 18,697 square feet on 1.84 acres. Building A contains approximately 6,253 square feet, with occupancy by Vista Hills Medical Equipment through September 2030 and The Fix Aesthetics Clinic through May 2030; two additional suites are available for lease. Building B provides approximately 12,444 square feet and is leased to WellMed Medical and WellMed Physical Therapy through August 2026.
The property is situated along Lee Trevino Drive in Eastside El Paso, within a commercial corridor. Both buildings have fully operational, debt-free solar energy systems. Improvements feature frame and stucco construction, natural-gas heating, assigned parking, and public sewer service. Zoning is C1.
The property is situated along Lee Trevino Drive in Eastside El Paso, within a commercial corridor. Both buildings have fully operational, debt-free solar energy systems. Improvements feature frame and stucco construction, natural-gas heating, assigned parking, and public sewer service. Zoning is C1.
Key Highlights
- Two medical office buildings totaling approximately 18,697 square feet
- Building A: approximately 6,253 square feet with two additional suites available for lease
- Building B: approximately 12,444 square feet leased through August 2026
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
$242,313
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
3.89%
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%
$4,846,260
$4.8M
Cap Rate 7%
$3,461,614
$3.5M
Cap Rate 9%
$2,692,367
$2.7M
Market Conditions
NOI Build-Up for 18,697 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
$448.7K $24.00/SF
− Vacancy
−$44.9K −$2.40/SF
EGI
$403.9K $21.60/SF
− OpEx
−$161.5K −$8.64/SF
NOI
$242.3K $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%
$4,846,260
Cap Rate 7%
$3,461,614
Cap Rate 9%
$2,692,367
Alternative Uses
Best Use
Healthcare Medical
$3.46M
$3.03M – $4.04M
NOI $242,313 @ 7.0% cap · market cap 3.89%
Second Best
Office B
$3.38M
$2.96M – $3.94M
NOI $236,674 @ 7.0% cap · market cap 3.80%
Theoretical Best
Office A
$4.69M
$4.10M – $5.47M
NOI $328,345 @ 7.0% cap · market cap 5.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,372
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 79935, TX
17,534
Population
7,165
Households
2.4
Avg Household Size
38
Median Age
28%
College-Educated
85%
High-School Grad
3.5 sq mi
ZIP Area
5,010
Density / Sq Mi
$65,000
Median Household Income
$32,377
Median Earnings
$1,070
Median Rent
$194,700
Median Home Value
Market
Vacancy Rate% for Office in El Paso, TX
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Vista Hills Animal Hospital: Garcia Priscilla DVM — 1426 Lomaland Dr, El Paso, TX 79935
- Vista Hills Animal Hospital: Shinaut Randy DVM — 1426 Lomaland Dr, El Paso, TX 79935
- Nelson Deborah DVM — 1851 lee trevino dr, el paso, tx 79936
- TLC Animal Hospital — 1851 Lee Trevino Dr, El Paso, TX 79936
- Dashley Vicki DVM — 1851 Lee Trevino Dr, El Paso, TX 79935
Frequently Asked Questions
What type of property is this?
Medical Office Space - C1-zoned medical office property with existing leases and additional suites available.
Where is this medical office space located?
The property is located at 1721 Lee Trevino Drive El Paso, TX.
What is the asking price?
The asking price for this property is $6,230,000.
What are key features of this property?
This property features: Two medical office buildings totaling approximately 18,697 square feet; Building A: approximately 6,253 square feet with two additional suites available for lease; Building B: approximately 12,444 square feet leased through August 2026
