Turn-Key Commercial Asset
For Sale
Contact for pricing
7531 Wilcox Dr, El Paso, TX 79915
Renovated 6-bedroom, 3-bathroom commercial asset designed for high yield.
Property Size2,800 SF
Price / SF$123.21
Days on Market151
Property Features for 7531 Wilcox Dr
General Information
Standard status
Active
Size
2,800 SF
Class
A
Property subtype
Multifamily, Hospitality, Senior Living
Zoning
R3
Investment Type
Owner/User
Building Details
Year Built
1955
Buildings
1
Stories
1
Units
1
Listing Agency:
Cornerstone Realty El Paso
Listed By:
Arnold Varela · License #9010076
Source:
Crexi
Added: Mar 14
Changed: Aug 8
Last Checked: Aug 11 at 5:19AM
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 Cornerstone Realty El Paso
Investment Insights
Based on property information with market context.
This newly renovated commercial asset presents a turn-key opportunity for investors, medical professionals, and foster care operators. The versatile facility features 6 bedrooms and 3 bathrooms, designed for maximum Net Operating Income (NOI) and low overhead. It includes a modern waiting area, a chef-ready open kitchen, and expansive common spaces suitable for communal living or therapeutic programming. The property's "open-concept" layout meets stringent licensing standards for senior assisted living, child care, or specialized medical foster care. The low-maintenance xeriscaped grounds minimize operational expenses, while the fresh, high-end renovations ensure a premium Revenue Per Available Unit (RevPAU) from day one. The property size is 2800 square feet.
Key Highlights
- Newly renovated, turn‑key commercial asset designed for high Net Operating Income (NOI).
- Versatile 6‑bedroom, 3‑bathroom facility suitable for various uses.
- Meets stringent licensing standards for multiple care sectors.
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
$23,349
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
6.77%
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%
$466,980
$467.0K
Cap Rate 7%
$333,557
$333.6K
Cap Rate 9%
$259,433
$259.4K
Market Conditions
NOI Build-Up for 2,800 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
$44.7K $15.96/SF
− Vacancy
−$2.2K −$0.80/SF
EGI
$42.5K $15.16/SF
− OpEx
−$19.1K −$6.82/SF
NOI
$23.3K $8.34/SF
Area
El Paso, TX
Vacancy
5.00%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
45.00%
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%
$466,980
Cap Rate 7%
$333,557
Cap Rate 9%
$259,433
Alternative Uses
Best Use
Apartment 5plus
$333.6K
$291.9K – $389.2K
NOI $23,349 @ 7.0% cap · market cap 6.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$702.5K
$614.7K – $819.5K
NOI $49,172 @ 7.0% cap · market cap 14.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
676
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79915, TX
35,234
Population
14,139
Households
2.5
Avg Household Size
41
Median Age
13%
College-Educated
68%
High-School Grad
8.9 sq mi
ZIP Area
3,959
Density / Sq Mi
$35,938
Median Household Income
$25,400
Median Earnings
$808
Median Rent
$117,600
Median Home Value
Questions? Ask Rey
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Similar Off Market Nearby
- Gentiva Hospice — 7826 Bois D Arc Dr, El Paso, TX 79925
- Adult foster home vista azul — 7828 Ranchland Dr, El Paso, TX 79915
- Camino Hospice — 7806 Gtwy Blvd E, El Paso, TX 79915
Frequently Asked Questions
What type of property is this?
Assisted living facility - Renovated 6-bedroom, 3-bathroom commercial asset designed for high yield.
Where is this assisted living facility located?
The property is located at 7531 Wilcox Dr El Paso, TX.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Newly renovated, turn‑key commercial asset designed for high Net Operating Income (NOI).; Versatile 6‑bedroom, 3‑bathroom facility suitable for various uses.; Meets stringent licensing standards for multiple care sectors.
