Warehouse with Covered Work
For Sale
$180,000
5100 Gallegos, El Paso, TX 79938
Commercial Sale, El Paso, TX
Property Size1,500 SF
Lot Size0.52 Acres
Price / SF$120
Days on Market55
Property Features for 5100 Gallegos
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C4
Fireplace
1
Subdivision
Homestead Meadows
Standard status
Active
APN
M08000000100500
Lot size
0.52 Acres
Taxes and HOA fees
Tax Description
1 MARCOS ALVAREZ ESTATES LOT 5
Legal Description
1 MARCOS ALVAREZ ESTATES LOT 5
Utilities
Utilities
Electricity Available
Building Details
Floors in Building
1
Building materials
Metal Siding
Listing Agency:
Steve Shapiro, REALTOR
Listed By:
Steve G Shapiro · License #0609822
(915) 203-2334
Added: Jul 29
Changed: Sep 4
Last Checked: Sep 21 at 8:06AM
MLS# 948493
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 warehouse property includes 1,500 square feet of enclosed space on 0.52 acres of leveled land. The building measures 30 by 50 feet and includes an office with refrigerated air, a restroom with a shower, and a 15-by-14-foot overhead door suited to large-vehicle entry. Additional canopies provide covered exterior space, while a 6-foot reinforced concrete pad supports the improvements.
The property is located at 5100 Gallegos in El Paso, Texas, and carries C4 zoning. Site infrastructure includes a 2,500-gallon water tank, an installed septic tank, and electricity available at the property.
The property is located at 5100 Gallegos in El Paso, Texas, and carries C4 zoning. Site infrastructure includes a 2,500-gallon water tank, an installed septic tank, and electricity available at the property.
Key Highlights
- 1,500 SF warehouse on 0.52 acres of leveled land
- 30‑by‑50‑foot building with 6' reinforced concrete pad
- 15‑by‑14‑foot overhead door for large‑vehicle access
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
$8,730
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
4.85%
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%
$174,600
$174.6K
Cap Rate 7%
$124,714
$124.7K
Cap Rate 9%
$97,000
$97.0K
Market Conditions
NOI Build-Up for 1,500 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
$14.9K $9.96/SF
− Vacancy
−$1.5K −$1.01/SF
EGI
$13.4K $8.95/SF
− OpEx
−$4.7K −$3.13/SF
NOI
$8.7K $5.82/SF
Area
ZIP 79938
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 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%
$174,600
Cap Rate 7%
$124,714
Cap Rate 9%
$97,000
Alternative Uses
Best Use
Flex RnD
$124.7K
$109.1K – $145.5K
NOI $8,730 @ 7.0% cap · market cap 4.85%
Second Best
Warehouse
$123.8K
$108.3K – $144.4K
NOI $8,665 @ 7.0% cap · market cap 4.81%
Theoretical Best
Office A
$376.3K
$329.3K – $439.0K
NOI $26,342 @ 7.0% cap · market cap 14.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
14
Businesses Nearby
Well-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in El Paso, TX
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Similar Off Market Nearby
- Weber Self Storage Facility — 14234 Bradley Rd, El Paso, TX 79938
Frequently Asked Questions
What type of property is this?
Warehouse - Recently built warehouse with a cooled office, shower-equipped restroom, large-vehicle access, and additional shaded exterior areas.
Where is this warehouse located?
The property is located at 5100 Gallegos El Paso, TX.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: 1,500 SF warehouse on 0.52 acres of leveled land; 30‑by‑50‑foot building with 6' reinforced concrete pad; 15‑by‑14‑foot overhead door for large‑vehicle access
