High-Clearance Warehouse with Overhead
New
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 Market7
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: Sep 3
Last Checked: Sep 3 at 2:18AM
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
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 = 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
$86,655
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
6.19%
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%
$1,733,100
$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
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
$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 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%
$1,733,100
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Industrial in El Paso, TX
Questions? Ask Rey
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Similar Off Market Nearby
- I E H Logistics — El Paso, TX 79905
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- 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
