Class A Multi-Tenant Investment
For Sale
Contact for pricing
7451 Paseo del Norte, El Paso, TX 79911
100% leased Class A multi-tenant building in El Paso, TX.
Property Size9,000 SF
Price / SF$330.56
Days on Market228
Property Features for 7451 Paseo del Norte
General Information
Standard status
Active
Size
9,000 SF
Class
A
Property subtype
Mixed Use, Office, Retail, Special Purpose
Zoning
Commercial
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Building Details
Year Built
2024
Year Renovated
2025
Buildings
1
Stories
1
Units
3
Tenancy
Multi
Listing Agency:
Wolf Investment Trust LLC
Listed By:
George Dipp · License #Principal
(915) 858-3100
Source:
Crexi
Added: Mar 1
Changed: Sep 30
Last Checked: Oct 14 at 8:55PM
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 Wolf Investment Trust LLC
Investment Insights
Based on property information with market context.
Building D at The Paseo at Cimarron is a newly constructed, Class A multi-tenant building located within The Paseo at Cimarron, a Spanish Revival retail and office complex in West El Paso. The complex totals approximately 38,800 square feet, with an additional 4,200 square feet of leasable patio space, situated in the heart of the 900-acre Cimarron master-planned community. The property benefits from frontage along Cimarron’s primary commercial corridor, connecting the neighborhood to Resler and I-10, with strong daily traffic and proximity to national retailers. Cimarron is recognized as a desirable master-planned community with single-family homes, apartment units, commercial and office spaces, and over seven miles of integrated hike and bike trails, pocket parks, and preserved open space. Building D is 100% leased to a mix of fitness, veterinary, and café tenants. The tenant lineup includes Basecamp Fitness Iron Star, Lost Dog Veterinary Clinic, and District Coffee Co. Basecamp Fitness Iron Star is a boutique, high-intensity interval training studio. Lost Dog Veterinary Clinic is a locally owned, full-service veterinary clinic. District Coffee Co. is a locally owned specialty coffee concept. The property is offered fee simple, within a professionally managed Commercial Owners Association (COA) that oversees common area operations, including landscaping, parking lot maintenance, and CAM coordination for the entire Paseo complex. Building D has 8,000 SF and is a 100% Leased Class A Multi-Tenant Investment.
Key Highlights
- 100% Leased Class A Multi‑Tenant Investment Property: Provides immediate income.
- Located in the heart of the desirable Cimarron master‑planned community.
- Curated, needs‑based tenant mix (fitness, veterinary, café): Generates high‑frequency, repeat visitation.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$113,926
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,278,520
$2.3M
Cap Rate 7%
$1,627,514
$1.6M
Cap Rate 9%
$1,265,844
$1.3M
Market Conditions
NOI Build-Up for 9,000 SF
Gross rent
$186.8K $20.76/SF
− Vacancy
−$34.9K −$3.88/SF
EGI
$151.9K $16.88/SF
− OpEx
−$38.0K −$4.22/SF
NOI
$113.9K $12.66/SF
Area
El Paso, TX
Vacancy
18.70%
Lease Rate
$20.76 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,278,520
Cap Rate 7%
$1,627,514
Cap Rate 9%
$1,265,844
Alternative Uses
Best Use
Office B
$1.63M
$1.42M – $1.90M
NOI $113,926 @ 7.0% cap · market cap 3.83%
Second Best
Retail
$1.46M
$1.28M – $1.70M
NOI $102,060 @ 7.0% cap · market cap 3.43%
Theoretical Best
Office A
$2.26M
$1.98M – $2.63M
NOI $158,052 @ 7.0% cap · market cap 5.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
493
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 79911, TX
8,023
Population
3,499
Households
2.3
Avg Household Size
35
Median Age
62%
College-Educated
96%
High-School Grad
34.5 sq mi
ZIP Area
233
Density / Sq Mi
$108,525
Median Household Income
$60,669
Median Earnings
$1,421
Median Rent
$293,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in El Paso, TX
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Similar Off Market Nearby
- Sunglass Outfitters by Sunglass Hut — 79912, Texas, El Paso, N Desert Blvd
- West Towne Marketplace — 6450 N Desert Blvd, El Paso, TX 79912
- The Canyons at Cimarron — 7460 Cimarron Market Ave, El Paso, TX 79911
Frequently Asked Questions
What type of property is this?
Shopping center - 100% leased Class A multi-tenant building in El Paso, TX.
Where is this shopping center located?
The property is located at 7451 Paseo del Norte El Paso, TX.
What is the asking price?
The asking price for this property is $2,975,000.
What are key features of this property?
This property features: 100% Leased Class A Multi‑Tenant Investment Property: Provides immediate income.; Located in the heart of the desirable Cimarron master‑planned community.; Curated, needs‑based tenant mix (fitness, veterinary, café): Generates high‑frequency, repeat visitation.
