High-Clearance Warehouse with Overhead
For Sale
Contact for pricing
2015-2019 Myrtle Avenue, El Paso, TX 79901
Industrial facility combines high-clearance operations space with refrigerated-air-conditioned office and reception areas.
Property Size15,000 SF
Price / SF$93.33
Days on Market53
Property Features for 2015-2019 Myrtle Avenue
General Information
Standard status
Active
Size
15,000 SF
Property subtype
Special Purpose
Additional Details
Highway Access
Yes
Building Details
Building Size
15,000 SF
Listing Agency:
Better Homes and Gardens Real Estate Elevate
Listed By:
Gloria Preciado · License #TX 0833320-SA
Source:
Crexi
Added: Aug 28
Changed: Oct 10
Last Checked: Oct 19 at 4:40AM
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 Better Homes and Gardens Real Estate Elevate
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Investment Insights
Based on property information with market context.
The 15,000-square-foot warehouse provides high-clearance industrial space supported by three 17-foot overhead garage doors. A refrigerated-air-conditioned office and reception area adds finished administrative space within the facility. The configuration is suited to transportation, fleet operations, heavy equipment, warehousing, and distribution uses identified for the property.
The facility is located at 2015-2019 Myrtle Avenue in El Paso, with access to I-10 and proximity to the International Border and Downtown El Paso. Its combination of substantial overhead access, warehouse capacity, and dedicated office space supports a range of industrial operating requirements.
The facility is located at 2015-2019 Myrtle Avenue in El Paso, with access to I-10 and proximity to the International Border and Downtown El Paso. Its combination of substantial overhead access, warehouse capacity, and dedicated office space supports a range of industrial operating requirements.
Key Highlights
- 15,000 sq. ft. warehouse facility
- Three 17‑foot overhead garage doors
- High‑clearance industrial space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,655
Cap Rate
6.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,733,100
$1.7M
Cap Rate 7%
$1,237,929
$1.2M
Cap Rate 9%
$962,833
$962.8K
Market Conditions
NOI Build-Up for 15,000 SF
Gross rent
$113.4K $7.56/SF
− Vacancy
−$11.5K −$0.76/SF
EGI
$101.9K $6.80/SF
− OpEx
−$15.3K −$1.02/SF
NOI
$86.7K $5.78/SF
Area
El Paso, TX
Vacancy
10.10%
Lease Rate
$7.56 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,733,100
Cap Rate 7%
$1,237,929
Cap Rate 9%
$962,833
Alternative Uses
Best Use
Warehouse
$1.24M
$1.08M – $1.44M
NOI $86,655 @ 7.0% cap · market cap 6.19%
Second Best
Industrial
$1.02M
$892.0K – $1.19M
NOI $71,363 @ 7.0% cap · market cap 5.10%
Theoretical Best
Office A
$3.76M
$3.29M – $4.39M
NOI $263,421 @ 7.0% cap · market cap 18.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,837
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 79901, TX
10,027
Population
4,571
Households
2.2
Avg Household Size
40
Median Age
7%
College-Educated
46%
High-School Grad
2.2 sq mi
ZIP Area
4,558
Density / Sq Mi
$13,984
Median Household Income
$19,026
Median Earnings
$517
Median Rent
$93,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in El Paso, TX
Similar Off Market Nearby
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- EMI Export Nacional — 623 Langtry St, El Paso, TX 79902
- Alba Cold Storage — 1705 E Mills Ave, El Paso, TX 79901
- ELIS Warehouse — 307 N San Marcial St, El Paso, TX 79905
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial facility combines high-clearance operations space with refrigerated-air-conditioned office and reception areas.
Where is this warehouse located?
The property is located at 2015-2019 Myrtle Avenue El Paso, TX.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 15,000 sq. ft. warehouse facility; Three 17‑foot overhead garage doors; High‑clearance industrial space
