Manufacturing Building With
New
For Sale
$695,000
3710 RENE Drive, El Paso, TX 79938
Commercial Sale, El Paso, TX
Property Size6,400 SF
Lot Size2.00 Acres
Price / SF$108.59
Days on Market2
Property Features for 3710 RENE Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
M1
Fireplace
1
Standard status
Active
APN
H49500000000870
Lot size
2.00 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
HILL CREST ESTATES LOT 87
Tax Annual Amount
6232
Legal Description
HILL CREST ESTATES LOT 87
Utilities
Utilities
Electricity Available
Sewer type
Septic Tank
Cooling system
Evaporative Cooling
Building Details
Floors in Building
1
Building materials
Block
Listing Agency:
Caravan Real Estate Services
(915) 252-3715
Listed By:
Andrew M Gomez · License #0486576
(915) 252-3715
Added: Aug 25
Last Checked: Aug 26 at 6:06PM
MLS# 949998
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.
Located at 3710 RENE Drive in El Paso, this 6,400-square-foot block-construction facility occupies 2 acres and has been used for cabinet manufacturing. The warehouse is enclosed by fencing and includes evaporative cooling, a fireplace, and three-phase 480 V electrical service. The seller is including the equipment with the property.
The site is served by a septic tank, with electricity available. Its combination of warehouse space, manufacturing infrastructure, acreage, and included equipment supports continued industrial use, subject to applicable approvals and buyer verification.
The site is served by a septic tank, with electricity available. Its combination of warehouse space, manufacturing infrastructure, acreage, and included equipment supports continued industrial use, subject to applicable approvals and buyer verification.
Key Highlights
- 6,400‑square‑foot manufacturing and warehouse facility on 2 acres
- Three‑phase 480 V electrical service
- Seller is including all equipment
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,973
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.32%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$739,460
$739.5K
Cap Rate 7%
$528,186
$528.2K
Cap Rate 9%
$410,811
$410.8K
Market Conditions
NOI Build-Up for 6,400 SF
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.
Gross rent
$48.4K $7.56/SF
− Vacancy
−$4.9K −$0.76/SF
EGI
$43.5K $6.80/SF
− OpEx
−$6.5K −$1.02/SF
NOI
$37.0K $5.78/SF
Area
ZIP 79938
Vacancy
10.10%
Lease Rate
$7.56 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$739,460
Cap Rate 7%
$528,186
Cap Rate 9%
$410,811
Alternative Uses
Best Use
Warehouse
$528.2K
$462.2K – $616.2K
NOI $36,973 @ 7.0% cap · market cap 5.32%
Second Best
Industrial
$435.0K
$380.6K – $507.5K
NOI $30,448 @ 7.0% cap · market cap 4.38%
Theoretical Best
Office A
$1.61M
$1.40M – $1.87M
NOI $112,393 @ 7.0% cap · market cap 16.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
95
Businesses Nearby
Explore this area
Business Placement
Demographics for 79938, TX
96,353
Population
29,818
Households
3.2
Avg Household Size
29
Median Age
28%
College-Educated
85%
High-School Grad
390.2 sq mi
ZIP Area
247
Density / Sq Mi
$75,801
Median Household Income
$40,528
Median Earnings
$1,433
Median Rent
$199,700
Median Home Value
Market
Vacancy Rate% for Industrial in El Paso, TX
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Manufacturing property - Fenced warehouse with three-phase 480 V power and septic service.
Where is this manufacturing property located?
The property is located at 3710 RENE Drive El Paso, TX.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 6,400‑square‑foot manufacturing and warehouse facility on 2 acres; Three‑phase 480 V electrical service; Seller is including all equipment
