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 Market32
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
(915) 328-9992
Listed By:
Roland Correa · License #0362474
(915) 328-9992
Source:
Moodyscre
Added: Jun 29
Changed: Jul 29
Last Checked: Jul 30 at 12:22PM
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 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 | $388.1k | $24.00 |
| − Vacancy | −$38.8k | −$2.40 |
| EGI | $349.3k | $21.60 |
| − OpEx | −$139.7k | −$8.64 |
| NOI | $209.6k | $12.96 |
16,171 SF · lease $24.00/SF/yr · vacancy 10.00% · expense 40.00%
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
Current Use
Lease Details
10
Office units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,569
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
Market
Vacancy Rate% for Office 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?
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
