Listing Agency: Team Juan Uribe b***@teamjuanuribe.com

Listed By: Sebastian Alcazar · License #0719657 Show Phone

Source: Exprealty

Added: Mar 17 Changed: Oct 3 Last Checked: Oct 12 at 8:37PM

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Investment Insights

Based on property information with market context.

This flex warehouse offers a versatile space suitable for various commercial purposes. The property features ceiling clear heights of over 20 feet, with a low point of 17.5 feet. It includes three dock-high doors and an indoor ramp to facilitate loading and unloading. Natural skylights provide ample illumination throughout the building. Approximately 6,000 square feet of built-out office space is ready for immediate use. Multiple water closet facilities are available in both the mezzanine and downstairs offices, including handicap-accessible bathrooms. An additional 4,600-square-foot area above the covered parking can be utilized for extra storage or other purposes. The total property size is 25,550 square feet.

Key Highlights

• 20 ft+ ceiling clear heights (low point 17.5 ft) ideal for various storage and operational needs.
• Approximately 6,000 sq ft of built‑out office space ready for immediate use.
• Includes 3 dock‑high doors with an indoor ramp for easy loading and unloading.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$148,704

Cap Rate

9.01%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,974,080 $3.0M

Cap Rate 7%

$2,124,343 $2.1M

Cap Rate 9%

$1,652,267 $1.7M

Market Conditions

NOI Build-Up for 25,550 SF

Gross rent

$254.5K $9.96/SF

− Vacancy

−$25.7K −$1.01/SF

EGI

$228.8K $8.95/SF

− OpEx

−$80.1K −$3.13/SF

NOI

$148.7K $5.82/SF

Area

El Paso, TX

Vacancy

10.10%

Lease Rate

$9.96 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,974,080

Cap Rate 7%

$2,124,343

Cap Rate 9%

$1,652,267

Alternative Uses

Best Use

Flex RnD

$2.12M

$1.86M – $2.48M (±1% cap)

NOI $148,704 @ 7.0% cap · market cap 9.01%

Second Best

Industrial

$1.74M

$1.52M – $2.03M (±1% cap)

NOI $121,554 @ 7.0% cap · market cap 7.37%

Theoretical Best

Office A

$6.41M

$5.61M – $7.48M (±1% cap)

NOI $448,693 @ 7.0% cap · market cap 27.19%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Dental Office Grocery & Convenience Store Veterinary Clinic (Bike/Boat/Book/etc) Store Gym & Fitness Center Travel Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,831

Businesses Nearby

Under-served

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

6.4% 2019

5.6% 2020

3.7% 2021

2.7% 2022

6.7% 2023

12.2% 2024

12.8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Flex warehouse featuring office space, dock doors, and skylights.

Where is this flex space located?

The property is located at 2401 Alameda Ave El Paso, TX.

What is the asking price?

The asking price for this property is $1,650,000.

What are key features of this property?

This property features: 20 ft+ ceiling clear heights (low point 17.5 ft) ideal for various storage and operational needs.; Approximately 6,000 sq ft of built‑out office space ready for immediate use.; Includes 3 dock‑high doors with an indoor ramp for easy loading and unloading.