Building Details

Floors in Building 1

Listing Agency: Cap Rate Real Estate Group

Listed By: Anibal Olague · License #0653430 Show Phone

Added: Dec 9, 2024 Changed: Oct 2 Last Checked: Oct 13 at 8:06AM

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MLS# 913378

Copyright © 2026 Greater El Paso Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This office property includes two office suites and a 1,258-square-foot warehouse component. The warehouse is leased to a public entity through 2030, and the lease provides two additional five-year renewal options with 5% rent increases at each extension. Lease terms also assign utilities, interior maintenance, and property tax increases above the base year to the tenant.

Located at 2417 Yandell Drive in El Paso, the property is positioned near Downtown, I-10, the port of entry, and other major thoroughfares. The site is served by public sewer, with central heating and on-street parking. C4 zoning supports the property’s commercial office classification.

Key Highlights

• 1,258 SF warehouse leased through 2030
• Two office suites included in the property
• Two 5‑year renewal options with 5% rent escalations

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$43,069

Cap Rate

4.53%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$861,380 $861.4K

Cap Rate 7%

$615,271 $615.3K

Cap Rate 9%

$478,544 $478.5K

Market Conditions

NOI Build-Up for 7,400 SF

Gross rent

$73.7K $9.96/SF

− Vacancy

−$7.4K −$1.01/SF

EGI

$66.3K $8.95/SF

− OpEx

−$23.2K −$3.13/SF

NOI

$43.1K $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%

$861,380

Cap Rate 7%

$615,271

Cap Rate 9%

$478,544

Alternative Uses

Best Use

Office B

$1.34M

$1.17M – $1.56M (±1% cap)

NOI $93,672 @ 7.0% cap · market cap 9.86%

Second Best

Flex RnD

$615.3K

$538.4K – $717.8K (±1% cap)

NOI $43,069 @ 7.0% cap · market cap 4.53%

Theoretical Best

Office A

$1.86M

$1.62M – $2.17M (±1% cap)

NOI $129,954 @ 7.0% cap · market cap 13.68%

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

Property Analytics

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Open Analytics

Current Use

Consultants International Financial Advisor Gama Automation, Inc. Production Facility Southwest Projects Construction Company Children's Kingdom Café Daycare Center Southwest Energy Solar Energy Company

Suggested Use

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

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

Lease Details

2

Office units

Single-tenant

Tenancy

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

2,070

Businesses Nearby

Explore this area Business Placement

Demographics for 79903, TX

16,425

Population

6,708

Households

2.4

Avg Household Size

44

Median Age

16%

College-Educated

74%

High-School Grad

3.0 sq mi

ZIP Area

5,475

Density / Sq Mi

$38,294

Median Household Income

$24,288

Median Earnings

$883

Median Rent

$118,300

Median Home Value

Market

Vacancy Rate% for Office in El Paso, TX

4.8% 2019

7.5% 2020

6.2% 2021

9% 2022

10.7% 2023

11.6% 2024

9.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this office buildings 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?

Office building - C4-zoned property combines two office suites with a separately leased warehouse component.

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: 1,258 SF warehouse leased through 2030; Two office suites included in the property; Two 5‑year renewal options with 5% rent escalations