Medical Office Building with Covered
For Sale
Contact for pricing
2022 Murchison, El Paso, TX 79902
Move-in ready medical/professional offices with underground covered parking and 69 total parking spaces.
Property Size14,285 SF
Price / SF$203.01
Days on Market33
Property Features for 2022 Murchison
General Information
Standard status
Active
Size
14,285 SF
Total Parking Spaces
69
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Listing Agency:
RC Properties
(915) 328-9992
Listed By:
Roland Correa · License #0362474
(915) 328-9992
Source:
Moodyscre
Added: Jun 29
Changed: Jul 21
Last Checked: Jul 21 at 1:52AM
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 RC Properties
Investment Insights
Based on property information with market context.
This medical/professional office building is move-in ready and configured for physician, dentist, or other professional office use. The property includes underground covered parking, supporting convenient day-to-day client and staff access.
Located in central El Paso on Murchison, the building is positioned next to the Hospitals of Providence Sierra Campus and offers easy access to I-10.
The building is listed at 14,285 square feet on a 27,000 square foot lot, with 69 total parking spaces including 38 covered spaces.
Located in central El Paso on Murchison, the building is positioned next to the Hospitals of Providence Sierra Campus and offers easy access to I-10.
The building is listed at 14,285 square feet on a 27,000 square foot lot, with 69 total parking spaces including 38 covered spaces.
Key Highlights
- Medical/professional office building totaling 14,285 SF
- Located in Central El Paso on Murchison next to Hospitals of Providence Sierra Campus
- Easy access to I‑10
Financial Insights For Healthcare Medical
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 | $342.8k | $24.00 |
| − Vacancy | −$34.3k | −$2.40 |
| EGI | $308.6k | $21.60 |
| − OpEx | −$123.4k | −$8.64 |
| NOI | $185.1k | $12.96 |
14,285 SF · lease $24.00/SF/yr · vacancy 10.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$2.64M
$2.31M – $3.09M
NOI $185,134 @ 7.0% cap · market cap 6.38%
Second Best
Office B
$2.58M
$2.26M – $3.01M
NOI $180,825 @ 7.0% cap · market cap 6.24%
Theoretical Best
Office A
$3.58M
$3.14M – $4.18M
NOI $250,864 @ 7.0% cap · market cap 8.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,413
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79902, TX
20,071
Population
9,752
Households
2.1
Avg Household Size
38
Median Age
39%
College-Educated
81%
High-School Grad
6.5 sq mi
ZIP Area
3,088
Density / Sq Mi
$45,333
Median Household Income
$33,495
Median Earnings
$777
Median Rent
$223,300
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.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Move-in ready medical/professional offices with underground covered parking and 69 total parking spaces.
Where is this medical office space located?
The property is located at 2022 Murchison El Paso, TX.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Medical/professional office building totaling 14,285 SF; Located in Central El Paso on Murchison next to Hospitals of Providence Sierra Campus; Easy access to I‑10
