Two-Suite Storefront
For Sale
$700,000
4315-4317 MONTANA Avenue, El Paso, TX 79903
Tenant leases pass taxes, insurance, and operating expenses through to occupants in addition to base rent.
Property Size3,065 SF
Price / SF$228.38
Days on Market124
Property Features for 4315-4317 MONTANA Avenue
General Information
Standard status
Active
Size
3,065 SF
Total Parking Spaces
8
Property subtype
COMMERCIAL
Occupancy
100%
Financials
Cap Rate
8.5%
Gross Income
$59,400
Site & Location
Neighborhood
El Paso Central Business Association
Additional Details
Tenant in Place
Yes
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
eXp Realty LLC
Listed By:
Silas Baca · License #0645583
(915) 497-3398
Source:
Center-realestate
Added: Jun 26
Changed: Oct 26
Last Checked: Oct 26 at 2:36PM
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 eXp Realty LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,065-square-foot storefront building contains two leased suites, occupied by Freeway Insurance and Muse Studios. The insurance office occupies approximately 1,875 square feet, while the hair and nail studio uses approximately 1,185 square feet. Both tenants completed substantial build-outs, and each lease provides for taxes, insurance, and operating expenses to be paid by the tenant in addition to base rent.
The Freeway Insurance lease runs through September 30, 2028, and includes one three-year renewal option. Muse Studios’ lease expires September 30, 2029, and is personally guaranteed. Each suite has two parking spaces in front and two at the rear.
The Freeway Insurance lease runs through September 30, 2028, and includes one three-year renewal option. Muse Studios’ lease expires September 30, 2029, and is personally guaranteed. Each suite has two parking spaces in front and two at the rear.
Key Highlights
- Two‑suite storefront building totaling approximately 3,065 square feet
- Fully leased to Freeway Insurance and Muse Studios
- Freeway Insurance suite is approximately 1,875 square feet; lease runs through September 30, 2028, with one 3‑year renewal option
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,757
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$695,140
$695.1K
Cap Rate 7%
$496,529
$496.5K
Cap Rate 9%
$386,189
$386.2K
Market Conditions
NOI Build-Up for 3,065 SF
Gross rent
$55.2K $18.00/SF
− Vacancy
−$5.5K −$1.80/SF
EGI
$49.7K $16.20/SF
− OpEx
−$14.9K −$4.86/SF
NOI
$34.8K $11.34/SF
Area
El Paso, TX
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$695,140
Cap Rate 7%
$496,529
Cap Rate 9%
$386,189
Alternative Uses
Best Use
Retail
$496.5K
$434.5K – $579.3K
NOI $34,757 @ 7.0% cap · market cap 4.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$768.9K
$672.8K – $897.1K
NOI $53,826 @ 7.0% cap · market cap 7.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
898
Businesses Nearby
24k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Speedway
Shops & Services
9,839 visits/mo
0.5 miles
Circle K
Shops & Services
9,789 visits/mo
0.2 miles
Cash America
Shops & Services
3,162 visits/mo
0.4 miles
Ace Cash Express
Shops & Services
1,225 visits/mo
0.5 miles
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 Retail in El Paso, TX
Similar Off Market Nearby
- MAGICAL MOMENTS FLOWERS AND GIFTS #2 — 3705 montana ave, el paso, tx 79903
- Lotus Flowers & Gift Boutique — 4301 Montana Ave, El Paso, TX 79903
- Amelia`s Flowers Design — 4514 Montana Ave, El Paso, TX 79903
- Serenity Flowers and Gifts — 4673 Montana Ave Sp A, El Paso, TX 79903
- The Modern Tulip Flowershop — 4531 Montana Ave, El Paso, TX 79903
Frequently Asked Questions
What type of property is this?
Storefront property - Tenant leases pass taxes, insurance, and operating expenses through to occupants in addition to base rent.
Where is this storefront property located?
The property is located at 4315-4317 MONTANA Avenue El Paso, TX.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Two‑suite storefront building totaling approximately 3,065 square feet; Fully leased to Freeway Insurance and Muse Studios; Freeway Insurance suite is approximately 1,875 square feet; lease runs through September 30, 2028, with one 3‑year renewal option
