For Sale
$1,400,000
2015 Myrtle Ave, El Paso, TX 79901
15,000 Sq. Ft. Commercial Bldg
Property Size15,000 SF
Lot Size0.35 Acres
Price / SF$93.33
Days on Market50
Property Features for 2015 Myrtle Ave
General Information
Standard status
Active
Property type
Other industrial properties, Distribution centers, Self storage facilities, Industrial properties, Warehouses
Size
15,000 SF
Elevators
No
Lot size
0.35 Acres
Sale Condition
Lease Option
Building Details
Year Built
1964
Year Renovated
2002
Buildings
1
Stories
1
Units
1
Listed By:
Gloria Preciado
(915) 920-2537
Added: Aug 25
Investment Insights
Based on property information with market context.
Key Highlights
- 15,000 sq. ft., zoned C‑4, allowing for a wide variety of business operations. Situated close to downtown El Paso, major I‑10 highway and International Bridge to Ciudad Juarez, Mexico.
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
Self Storage
$1.99M
$1.74M – $2.32M
NOI $139,104 @ 7.0% cap · market cap 9.94%
Second Best
Warehouse
$1.24M
$1.08M – $1.44M
NOI $86,655 @ 7.0% cap · market cap 6.19%
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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,105
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in El Paso, TX
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Industrial property - 15,000 Sq. Ft. Commercial Bldg
Where is this industrial property located?
The property is located at 2015 Myrtle Ave 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., zoned C‑4, allowing for a wide variety of business operations. Situated close to downtown El Paso, major I‑10 highway and International Bridge to Ciudad Juarez, Mexico.
