Freestanding Medical Office
New
For Sale
Contact for pricing
7685 North Loop Drive, El Paso, TX 79915
Freestanding layout includes dedicated reception, waiting, and multiple private offices.
Property Size1,910 SF
Lot Size0.34 Acres
Price / SF$242.80
Days on Market7
Property Features for 7685 North Loop Drive
General Information
Standard status
Active
Size
1,910 SF
Lot size
0.34 Acres
Property subtype
Office
Additional Details
Road Access
Yes
Building Details
Buildings
1
Building Size
1,910 SF
Listing Agency:
REP Commercial Real Estate
Listed By:
Hector J. Martinez, CCIM · License #TX 546252
Source:
Crexi
Added: Aug 3
Changed: Aug 9
Last Checked: Aug 9 at 7:22AM
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 REP Commercial Real Estate
Investment Insights
Based on property information with market context.
This freestanding medical office property provides 1,910 SF on a 0.34-acre site along North Loop Drive. The interior includes a substantial waiting area, reception desk, six offices, and three bathrooms, creating a practical configuration for professional service operations.
The property is situated in El Paso’s Lower Valley submarket, where the surrounding North Loop Drive corridor includes neighborhood retail, professional offices, medical practices, and business services. Its location is also near a sizable residential population, providing context for users serving local households.
The property is situated in El Paso’s Lower Valley submarket, where the surrounding North Loop Drive corridor includes neighborhood retail, professional offices, medical practices, and business services. Its location is also near a sizable residential population, providing context for users serving local households.
Key Highlights
- 1,910 SF freestanding medical office building
- 0.34‑acre site along North Loop Drive
- Six offices with three bathrooms
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
$24,754
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
5.34%
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%
$495,080
$495.1K
Cap Rate 7%
$353,629
$353.6K
Cap Rate 9%
$275,044
$275.0K
Market Conditions
NOI Build-Up for 1,910 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
$45.8K $24.00/SF
− Vacancy
−$4.6K −$2.40/SF
EGI
$41.3K $21.60/SF
− OpEx
−$16.5K −$8.64/SF
NOI
$24.8K $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%
$495,080
Cap Rate 7%
$353,629
Cap Rate 9%
$275,044
Alternative Uses
Best Use
Healthcare Medical
$353.6K
$309.4K – $412.6K
NOI $24,754 @ 7.0% cap · market cap 5.34%
Second Best
Office B
$345.4K
$302.2K – $403.0K
NOI $24,178 @ 7.0% cap · market cap 5.21%
Theoretical Best
Office A
$479.2K
$419.3K – $559.0K
NOI $33,542 @ 7.0% cap · market cap 7.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
417
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
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 - Freestanding layout includes dedicated reception, waiting, and multiple private offices.
Where is this medical office space located?
The property is located at 7685 North Loop Drive El Paso, TX.
What is the asking price?
The asking price for this property is $463,756.
What are key features of this property?
This property features: 1,910 SF freestanding medical office building; 0.34‑acre site along North Loop Drive; Six offices with three bathrooms
