Corner Medical Office
For Sale
Contact for pricing
5340 El Paso Dr, El Paso, TX 79905
Medical office property with 10 suites and on-site parking expansion, positioned for easy access to I-10.
Property Size16,171 SF
Price / SF$244.26
Days on Market78
Property Features for 5340 El Paso Dr
General Information
Standard status
Active
Size
16,171 SF
Property subtype
RETAIL
Additional Details
Highway Access
Yes
Office Units
10
Building Details
Tenancy
Multi
Listing Agency:
RC Properties
Listed By:
Roland Correa · License #0362474
(915) 328-9992
Source:
Moodyscre
Added: Jun 29
Changed: Sep 4
Last Checked: Sep 14 at 6:29AM
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 RC Properties
Investment Insights
Based on property information with market context.
Medical office investment property at the corner of El Paso Dr and Paisano, just off Alameda, offering a suite-based layout with 10 suites totaling 16,171 SF. An additional lot for parking supports on-site vehicle capacity for patients, staff, and visitors.
The property is positioned for easy access to I-10 and the Border Highway. It also benefits from adjacency to Texas Tech Medical Center and Fox Plaza Shopping Center.
Major tenants include El Paso Children’s Hospital, Paisano Medical Center, University Medical Center, and Oasis Dental.
The property is positioned for easy access to I-10 and the Border Highway. It also benefits from adjacency to Texas Tech Medical Center and Fox Plaza Shopping Center.
Major tenants include El Paso Children’s Hospital, Paisano Medical Center, University Medical Center, and Oasis Dental.
Key Highlights
- Corner location on El Paso Dr and Paisano, just off Alameda
- 10 suites with a total of 16,171 SF
- Additional lot for parking to support on‑site capacity
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
$209,576
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
5.31%
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%
$4,191,520
$4.2M
Cap Rate 7%
$2,993,943
$3.0M
Cap Rate 9%
$2,328,622
$2.3M
Market Conditions
NOI Build-Up for 16,171 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
$388.1K $24.00/SF
− Vacancy
−$38.8K −$2.40/SF
EGI
$349.3K $21.60/SF
− OpEx
−$139.7K −$8.64/SF
NOI
$209.6K $12.96/SF
Area
El Paso, TX
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
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%
$4,191,520
Cap Rate 7%
$2,993,943
Cap Rate 9%
$2,328,622
Alternative Uses
Best Use
Healthcare Medical
$2.99M
$2.62M – $3.49M
NOI $209,576 @ 7.0% cap · market cap 5.31%
Second Best
Office B
$2.92M
$2.56M – $3.41M
NOI $204,699 @ 7.0% cap · market cap 5.18%
Theoretical Best
Office A
$4.06M
$3.55M – $4.73M
NOI $283,985 @ 7.0% cap · market cap 7.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
10
Office units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,622
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79905, TX
22,483
Population
9,168
Households
2.5
Avg Household Size
39
Median Age
10%
College-Educated
58%
High-School Grad
6.6 sq mi
ZIP Area
3,407
Density / Sq Mi
$25,496
Median Household Income
$21,636
Median Earnings
$646
Median Rent
$103,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in El Paso, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office property with 10 suites and on-site parking expansion, positioned for easy access to I-10.
Where is this medical office space located?
The property is located at 5340 El Paso Dr El Paso, TX.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: Corner location on El Paso Dr and Paisano, just off Alameda; 10 suites with a total of 16,171 SF; Additional lot for parking to support on‑site capacity
