Central El Paso Medical
For Sale
Contact for pricing
2022 Murchison Dr, El Paso, TX 79902
Medical/professional office space near Hospitals of Providence Sierra Campus.
Property Size14,285 SF
Lot Size0.62 Acres
Price / SF$203.01
Days on Market830
Property Features for 2022 Murchison Dr
General Information
Standard status
Active
Size
14,285 SF
Lot size
0.62 Acres
Property subtype
Mixed Use, Office
Listing Agency:
RC Properties
Listed By:
Roland Correa · License #TX 362474
(915) 630-8129
Source:
Crexi
Added: Jul 16, 2024
Changed: Oct 12
Last Checked: Oct 20 at 6:28PM
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
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Investment Insights
Based on property information with market context.
Located in the heart of Central El Paso on Murchison Drive, adjacent to the Hospitals of Providence Sierra Campus, this medical/professional office space offers convenient access to I-10. The building encompasses 14,285 square feet on a 27,000-square-foot lot. The property features a total of 69 parking spaces, including 38 covered spaces located underground. The spaces are move-in ready, making it suitable for doctors, dentists, or professional offices.
Key Highlights
- Prime location in the heart of Central El Paso, next to Hospitals of Providence Sierra Campus.
- Move‑in ready medical/professional office spaces.
- Underground covered parking with 38 spaces.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$185,134
Cap Rate
6.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,702,680
$3.7M
Cap Rate 7%
$2,644,771
$2.6M
Cap Rate 9%
$2,057,044
$2.1M
Market Conditions
NOI Build-Up for 14,285 SF
Gross rent
$342.8K $24.00/SF
− Vacancy
−$34.3K −$2.40/SF
EGI
$308.6K $21.60/SF
− OpEx
−$123.4K −$8.64/SF
NOI
$185.1K $12.96/SF
Area
El Paso, TX
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,702,680
Cap Rate 7%
$2,644,771
Cap Rate 9%
$2,057,044
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.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,392
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in El Paso, TX
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical/professional office space near Hospitals of Providence Sierra Campus.
Where is this medical office space located?
The property is located at 2022 Murchison Dr 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: Prime location in the heart of Central El Paso, next to Hospitals of Providence Sierra Campus.; Move‑in ready medical/professional office spaces.; Underground covered parking with 38 spaces.
