El Paso Industrial Flex
1805-1831 Myrtle Ave El Paso, TX 79901
21,000 SF industrial space on 0.82 acres in El Paso.
Type:Industrial
Property size:
21,000 SFLot size:
0.82 AcresPrice / SF:
$57/SF- Added:
- Mar 10, 2026
- Days on Market:
- 123
- Last Refresh:
- Jul 5 at 10:06 am
Property Features for 1805-1831 Myrtle Ave
General Information
- Standard status
- Active
- Size
- 21,000 SF
- Lot size
- 0.82 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1920
Listing office Marcus & Millichap - San Antonio (210) 343-7817
Listing date Mar 10, 2026
Source Crexi
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 Marcus & Millichap - San Antonio
Investment Insights
Based on property information with market context.
The property at 1805-1831 Myrtle Avenue in El Paso, Texas, offers approximately 21,000 square feet of industrial space on a 0.82-acre lot. This multi-tenant asset features clear heights ranging from 12 to 17 feet, five drive-in doors, and three HVAC units. It is equipped with three-phase heavy power at 240 volts and includes 12 parking spaces, along with 0.32 acres of usable yard space. The property, located along a BNSF/Union Pacific rail spur, provides convenient access to Interstate 10 in the Central submarket. The property was fully renovated in 2025, with interior and exterior upgrades including a new TPO roof, as reported by the seller. The vacant property is easily divisible and suitable for either single-occupant use or as a multi-tenant lease-up opportunity.
Key Highlights
- Fully renovated in 2025, including a new TPO roof (reported by seller).
- 21,000 square feet of industrial space on 0.82 acres.
- Easily divisible for single‑occupant or multi‑tenant use.
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $158.8k | $7.56 |
| − Vacancy | −$16.0k | −$0.76 |
| EGI | $142.7k | $6.80 |
| − OpEx | −$42.8k | −$2.04 |
| NOI | $99.9k | $4.76 |
21,000 SF · lease $7.56/SF/yr · vacancy 10.10% · expense 30.00%
Alternative Uses
Best Use
Flex RnD
$1.75M
$1.53M – $2.04M
NOI $122,223 @ 7.0% cap · market cap 10.19%
Second Best
Warehouse
$1.73M
$1.52M – $2.02M
NOI $121,316 @ 7.0% cap · market cap 10.11%
Theoretical Best
Office A
$5.27M
$4.61M – $6.15M
NOI $368,789 @ 7.0% cap · market cap 30.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Catering Solutions, Inc. — 607 Noble St, El Paso, TX 79902
FAQs
What type of property is this?
Flex space - 21,000 SF industrial space on 0.82 acres in El Paso.
Where is this flex space located?
The property is located at 1805-1831 Myrtle Ave El Paso, TX.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Fully renovated in 2025, including a new TPO roof (reported by seller).; 21,000 square feet of industrial space on 0.82 acres.; Easily divisible for single‑occupant or multi‑tenant use.
