Restaurant, Apartments, and Warehouse
For Sale
Contact for pricing
6928 Third St, Canutillo, TX 79835
Mixed-use property featuring a restaurant, apartments, and warehouse space.
Property Size2,589 SF
Price / SF$115.49
Days on Market1009
Property Features for 6928 Third St
General Information
Standard status
Active
Size
2,589 SF
Class
C
Property subtype
Mixed Use, Multifamily, Retail
Zoning
Unincorporated
Building Details
Year Built
1986
Stories
1
Units
4
Listing Agency:
ERA Sellers & Buyers Real Estate
Listed By:
Albert Lugo · License #TX 583648
Source:
Crexi
Added: Jan 12, 2024
Changed: Oct 14
Last Checked: Oct 16 at 5:41AM
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 ERA Sellers & Buyers Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property features a fully equipped restaurant, two apartments, and flexible warehouse space. The property is located near Doniphan Drive and Talbot Ave. The restaurant and warehouse offer approximately 2,600 square feet, which can be transformed into extra seating if needed. There is 1,200 square feet of residential space, including two apartments. Each unit is approximately 600 square feet and features one bedroom and one bathroom. The total property size is 2,589 square feet.
Key Highlights
- Fully equipped restaurant with 2,600 sq ft.
- Includes two 1‑bedroom, 1‑bath apartments (1,200 sq ft total).
- Features flexible warehouse space (2,600 sq ft).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,469
Cap Rate
7.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$429,380
$429.4K
Cap Rate 7%
$306,700
$306.7K
Cap Rate 9%
$238,544
$238.5K
Market Conditions
NOI Build-Up for 2,589 SF
Gross rent
$32.6K $12.60/SF
− Vacancy
−$2.0K −$0.75/SF
EGI
$30.7K $11.85/SF
− OpEx
−$9.2K −$3.55/SF
NOI
$21.5K $8.29/SF
Area
El Paso County, TX
Vacancy
5.98%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$429,380
Cap Rate 7%
$306,700
Cap Rate 9%
$238,544
Alternative Uses
Best Use
Mixed Use
$439.4K
$384.5K – $512.6K
NOI $30,757 @ 7.0% cap · market cap 10.29%
Second Best
Multifamily LT 5
$306.7K
$268.4K – $357.8K
NOI $21,469 @ 7.0% cap · market cap 7.18%
Theoretical Best
Office A
$467.9K
$409.4K – $545.9K
NOI $32,752 @ 7.0% cap · market cap 10.95%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
531
Businesses Nearby
Explore this area
Business Placement
Demographics for 79835, TX
12,456
Population
4,347
Households
2.9
Avg Household Size
34
Median Age
12%
College-Educated
70%
High-School Grad
8.9 sq mi
ZIP Area
1,400
Density / Sq Mi
$42,955
Median Household Income
$31,965
Median Earnings
$921
Median Rent
$103,200
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 Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property featuring a restaurant, apartments, and warehouse space.
Where is this mixed-use property located?
The property is located at 6928 Third St Canutillo, TX.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Fully equipped restaurant with 2,600 sq ft.; Includes two 1‑bedroom, 1‑bath apartments (1,200 sq ft total).; Features flexible warehouse space (2,600 sq ft).
