341 Chelsea St, El Paso, TX 79905
Commercial property near hospital and medical college, I-10 access.
- Added:
- Feb 7, 2026
- Days on Market:
- 142
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 341 Chelsea St
General Information
- Standard status
- Active
- Size
- 1,917 SF
- Property subtype
- Office, Retail
Building Details
- Year Built
- 1964
Listing office Cornerstone Realty El Paso
Listing date Feb 7, 2026
Source Crexi
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 Cornerstone Realty El Paso
HighLights
- Strategic location adjacent to the county hospital and Texas Tech Medical College
- Convenient access to I‑10
- Neighbors a new medical building currently under construction, enhancing visibility and traffic
- Well suited for medical offices, retail, or service‑oriented businesses
- Flexibility for a mixed‑use concept with potential for small residential apartments
- Located in a rapidly developing area with significant upside
Overview
Local 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 | $46.0k | $24.00 |
| − Vacancy | −$4.6k | −$2.40 |
| EGI | $41.4k | $21.60 |
| − OpEx | −$16.6k | −$8.64 |
| NOI | $24.8k | $12.96 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- El Paso
- County
- El Paso
- State
- Texas
- Longitude
- -106.426301
- Latitude
- 31.775456
