Office Building with Warehouse
2417 Yandell Drive El Paso, TX 79903
For Sale
$950,000
Office building with warehouse near downtown and major thoroughfares.
Property Size7,460 SF
Lot Size0.21 Acres
Price / SF$127.35
Days on Market594
Property Features for 2417 Yandell Drive
General Information
- Standard status
- Active
- Size
- 7,460 SF
- Lot size
- 0.21 Acres
- Property subtype
- Commercial/Industrial
Listing Agency:
Cap Rate Real Estate Group
(915) 443-8859
Listed By:
Anibal Olague · License #0653430
(915) 443-8859
Source:
Exitrealty
Added: Dec 10, 2024
Changed: Jul 6
Last Checked: Jul 26 at 7:40AM
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 Cap Rate Real Estate Group
Investment Insights
Based on property information with market context.
This property presents an investment opportunity with a well-located office building near downtown. The building spans 7,460 square feet and includes two office suites and a 1,258 square foot warehouse. The property is situated approximately two minutes from downtown, offering convenient access to I-10, the port of entry, and major thoroughfares.
Key Highlights
- Income‑generating office building: Offers immediate potential for rental income and portfolio growth.
- Prime location: Situated just two minutes from downtown, providing easy access to business and amenities.
- Convenient transportation access: Close proximity to I‑10, the port of entry, and major thoroughfares.
Financial Insights For Warehouse
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 | $56.4k | $7.56 |
| − Vacancy | −$5.7k | −$0.76 |
| EGI | $50.7k | $6.80 |
| − OpEx | −$7.6k | −$1.02 |
| NOI | $43.1k | $5.78 |
7,460 SF · lease $7.56/SF/yr · vacancy 10.10% · expense 15.00%
Alternative Uses
Best Use
Office B
$1.35M
$1.18M – $1.57M
NOI $94,432 @ 7.0% cap · market cap 9.94%
Second Best
Warehouse
$615.7K
$538.7K – $718.3K
NOI $43,096 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$1.87M
$1.64M – $2.18M
NOI $131,008 @ 7.0% cap · market cap 13.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Consultants International
Financial Advisor
Gama Automation, Inc.
Production Facility
Southwest Projects
Construction Company
Children's Kingdom Café
Daycare Center
Southwest Energy
Solar Energy Company
FAQs
What type of property is this?
Office building - Office building with warehouse near downtown and major thoroughfares.
Where is this office building located?
The property is located at 2417 Yandell Drive El Paso, TX.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Income‑generating office building: Offers immediate potential for rental income and portfolio growth.; Prime location: Situated just two minutes from downtown, providing easy access to business and amenities.; Convenient transportation access: Close proximity to I‑10, the port of entry, and major thoroughfares.
