Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    500 Overland Ave El Paso, TX 79901

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Downtown El Paso Office Space: Flexible options available

    Lot size:
    112,165 SF

    Property Features for 500 Overland Ave

    General Information

    Property type
    Office Units
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    112,165 SF

    Building Details

    Year Built
    1950
    Stories
    3

    Spaces For Lease

    at 500 Overland Ave, El Paso, TX 79901 Contact us

    We can help!

    Listing Contact
    Ricardo Fernandez
    Ricardo Fernandez

    Listing Agency: CBRE, Inc. - El Paso Listing Agent: Ricardo Fernandez

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional three-story, 112,165 square foot office building, constructed in 1950, is located at 500 W Overland Ave, El Paso, TX 79901. The property features multiple tenancy options, ranging from 100 square feet to 10,000 square feet, catering to diverse business needs. Available spaces include small offices (100 sq ft), ideal for solopreneurs or small teams
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tippcon Grocery & Convenience Store Arsa Distributing Inc Food Market Boost Human (Bike/Boat/Book/etc) Store essGO Delivery Company Courier Service Parallax (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Law Firm Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    El Paso
    County
    El Paso
    State
    Texas
    Longitude
    -106.4931378
    Latitude
    31.7553378

    Nearby Similar for Lease

    • $27 SF/Yr
      48,352 SF

      High-Traffic Retail Space Available

      Prime retail suites in high-visibility, high-traffic El Paso location.
      14500 Pebble Hills Blvd, El Paso, TX 79938
      View Details
    • $750 /Mo
      93,654 SF

      Professional Office Suite in El Paso

      Executive office suite with amenities in West El Paso.
      5915 Silver Springs Dr, El Paso, TX 79912
      View Details
    • $550 /Mo
      9,583 SF

      El Paso Professional Office Space

      Modern office space with amenities in a high-traffic location.
      10105 Montwood Dr, El Paso, TX 79925
      View Details
    • $3,100 /Mo
      5,663 SF

      Gated Commercial Property with Parking

      Commercial property with refrigerated air, gated, private parking, and courtyard.
      2313 Montana Ave, El Paso, TX 79903
      View Details
    • $27 SF/Yr
      48,352 SF

      High-Traffic Retail Space Available

      Prime retail suites in high-visibility, high-traffic El Paso location.
      14500 Pebble Hills Blvd, El Paso, TX 79938
      View Details
    • $2,850 /Mo
      5,227 SF

      Remodeled Commercial Space on Montana

      Versatile, remodeled commercial space on Montana Ave, El Paso, TX.
      4506 Montana Ave, El Paso, TX 79903
      View Details
    • $1,397 /Mo
      6,098 SF

      Victorian Office Space For Lease

      Unique office space in a Victorian-style building near Downtown.
      1127 Wyoming Ave, El Paso, TX 79902
      View Details
    • $2,000 /Mo
      6,970 SF

      El Paso Office Space Available

      Unique office space in central El Paso for lease.
      3601 Tularosa Ave, El Paso, TX 79903
      View Details
    • $30 SF/Yr
      24,829 SF

      El Paso Office Suites Available

      Professionally managed office suites with shared amenities in El Paso.
      1817 Wyoming Ave, El Paso, TX 79903
      View Details
    • $5,000 /Mo
      43,560 SF

      El Paso Commercial/Industrial Property

      Flexible commercial/industrial space for lease in East El Paso.
      12851 Veta Rica Ave, El Paso, TX 79938
      View Details
    • $36 SF/Yr
      16,988 SF

      El Paso Office/Apartment Property

      Premium office/apartment property with elegant design and investment stability.
      5974 Silver Springs Dr, El Paso, TX 79912
      View Details
    • New
      $1,800 /Mo
      83,635,200 SF

      Renovated Commercial Units in El Paso

      Two renovated commercial units available for rent in El Paso.
      6209 Airport Rd, El Paso, TX 79925
      View Details

    FAQs

    What type of property is this?
    Office units - Downtown El Paso Office Space: Flexible options available
    Where is this office units located?
    The property is located at 500 Overland Ave El Paso, TX.
    What are key features of this property?
    This property features: Prime Downtown El Paso location in the heart of the business and tech district.; Move-in ready office suites available.; Attractive environment for creative and innovative businesses.
    (915) 313-8817 Call to check price and availability
    Request Owner's contact information
    500 Overland Ave El Paso, TX 79901
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    500 Overland Ave
    El Paso, TX 79901
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    500 Overland Ave El Paso, TX 79901
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Ricardo Fernandez
    Ricardo Fernandez
    (915) 313-8817 (915) 539-2083 (915) 585-3883
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!