Three-Story Brick Flex
For Sale
$1,200,000
817 Texas Avenue, El Paso, TX 79901
Commercial Sale, El Paso, TX
Property Size19,000 SF
Lot Size0.14 Acres
Price / SF$63.16
Days on Market359
Property Features for 817 Texas Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
M1
Fireplace
1
Standard status
Active
APN
C0509992270404800
Lot size
0.14 Acres
Taxes and HOA fees
Tax Description
227 Campbell 9 & 10 (6240 SQ FT)
Legal Description
227 Campbell 9 & 10 (6240 SQ FT)
Utilities
Sewer type
Public Sewer
Amenities
loading dock doors
Building Details
Floors in Building
3
Building materials
Brick
Listing Agency:
St. Rogers Realty
(915) 224-0093
Listed By:
Michael Santamaria · License #0650660
(915) 494-5154
Added: Oct 17, 2025
Changed: Oct 2
Last Checked: Oct 10 at 6:06AM
MLS# 932200
Copyright © 2026 Greater El Paso Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This three-story flex property features a brick exterior, a main level with three loading dock doors, and substantial office space. The building is identified as the former Sears, Roebuck and Company facility and has been maintained in its current condition. M1 zoning supports its industrial-oriented commercial classification.
The property is located at 817 Texas Avenue in downtown El Paso, directly beside the City’s One Stop Shop. Public sewer serves the site. Its existing multilevel layout and loading infrastructure provide a defined starting point for an end-user operation or a redevelopment concept, including the mixed-use possibility identified for the property.
The property is located at 817 Texas Avenue in downtown El Paso, directly beside the City’s One Stop Shop. Public sewer serves the site. Its existing multilevel layout and loading infrastructure provide a defined starting point for an end-user operation or a redevelopment concept, including the mixed-use possibility identified for the property.
Key Highlights
- Three‑story brick building at 817 Texas Avenue
- Three loading dock doors on the main level
- M1 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$109,763
Cap Rate
9.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,195,260
$2.2M
Cap Rate 7%
$1,568,043
$1.6M
Cap Rate 9%
$1,219,589
$1.2M
Market Conditions
NOI Build-Up for 19,000 SF
Gross rent
$143.6K $7.56/SF
− Vacancy
−$14.5K −$0.76/SF
EGI
$129.1K $6.80/SF
− OpEx
−$19.4K −$1.02/SF
NOI
$109.8K $5.78/SF
Area
El Paso, TX
Vacancy
10.10%
Lease Rate
$7.56 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,195,260
Cap Rate 7%
$1,568,043
Cap Rate 9%
$1,219,589
Alternative Uses
Best Use
Flex RnD
$1.58M
$1.38M – $1.84M
NOI $110,582 @ 7.0% cap · market cap 9.22%
Second Best
Warehouse
$1.57M
$1.37M – $1.83M
NOI $109,763 @ 7.0% cap · market cap 9.15%
Theoretical Best
Office A
$4.77M
$4.17M – $5.56M
NOI $333,666 @ 7.0% cap · market cap 27.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Dock-high doors
Location Intelligence
Trade Area within ½ mile
3,988
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79901, TX
10,027
Population
4,571
Households
2.2
Avg Household Size
40
Median Age
7%
College-Educated
46%
High-School Grad
2.2 sq mi
ZIP Area
4,558
Density / Sq Mi
$13,984
Median Household Income
$19,026
Median Earnings
$517
Median Rent
$93,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in El Paso, TX
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Frequently Asked Questions
What type of property is this?
Flex space - Downtown commercial building with loading access, office areas, and M1 zoning.
Where is this flex space located?
The property is located at 817 Texas Avenue El Paso, TX.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Three‑story brick building at 817 Texas Avenue; Three loading dock doors on the main level; M1 zoning
