Building Details

Buildings 1

Building Size 20,000 SF

Listing Agency: Team Juan Uribe

Listed By: Juan Uribe · License #0374694 Show Phone

Source: Moodyscre

Added: Oct 5 Changed: Oct 7 Last Checked: Oct 7 at 2:12PM

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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 Team Juan Uribe

Investment Insights

Based on property information with market context.

This flex property contains a 20,000± square foot industrial building on 2.65± acres. Its layout brings together warehouse and mechanic-shop space, a paint room, vehicle lift, and truck scale. Three offices and two showroom areas, each with a reception area, provide additional interior functionality, while a secured yard accommodates outdoor storage and vehicle or equipment staging.

The property fronts Alameda Avenue for approximately 350 feet, east of S. Yarbrough Drive, in El Paso. The land is zoned C-3.

Key Highlights

• 20,000± square foot industrial building on 2.65± acres
• Approximately 350 feet of frontage on Alameda Avenue
• C‑3 zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$116,403

Cap Rate

8.95%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,328,060 $2.3M

Cap Rate 7%

$1,662,900 $1.7M

Cap Rate 9%

$1,293,367 $1.3M

Market Conditions

NOI Build-Up for 20,000 SF

Gross rent

$199.2K $9.96/SF

− Vacancy

−$20.1K −$1.01/SF

EGI

$179.1K $8.95/SF

− OpEx

−$62.7K −$3.13/SF

NOI

$116.4K $5.82/SF

Area

El Paso, TX

Vacancy

10.10%

Lease Rate

$9.96 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,328,060

Cap Rate 7%

$1,662,900

Cap Rate 9%

$1,293,367

Alternative Uses

Best Use

Retail

$3.24M

$2.84M – $3.78M (±1% cap)

NOI $226,800 @ 7.0% cap · market cap 17.45%

Second Best

Flex RnD

$1.66M

$1.46M – $1.94M (±1% cap)

NOI $116,403 @ 7.0% cap · market cap 8.95%

Theoretical Best

Office A

$5.02M

$4.39M – $5.85M (±1% cap)

NOI $351,228 @ 7.0% cap · market cap 27.02%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

RAMCON SERVICES LLC ... Auto Repair Shop

Suggested Use

Top Pick Real Estate Agency Restaurant Law Firm Dental Office Building Supply Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Service bays

Yes

Fenced yard

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

383

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 79907, TX

50,971

Population

17,505

Households

2.9

Avg Household Size

39

Median Age

13%

College-Educated

71%

High-School Grad

13.7 sq mi

ZIP Area

3,721

Density / Sq Mi

$41,901

Median Household Income

$25,661

Median Earnings

$910

Median Rent

$110,600

Median Home Value

Market

Vacancy Rate% for Industrial in El Paso, TX

6.4% 2019

5.6% 2020

3.7% 2021

2.7% 2022

6.7% 2023

12.2% 2024

12.8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - The facility combines service, warehouse, office, and showroom areas with a secured yard.

Where is this flex space located?

The property is located at 8216 Alameda Ave El Paso, TX.

What is the asking price?

The asking price for this property is $1,300,000.

What are key features of this property?

This property features: 20,000± square foot industrial building on 2.65± acres; Approximately 350 feet of frontage on Alameda Avenue; C‑3 zoning