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    10628 Edgemere Blvd El Paso, TX 79925

    Sponsored
    For Lease
    $15 SF/Yr ($4,910 /Mo)

    Prime El Paso retail space, ideal for auto repair.

    Lot size:
    3,928 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    414
    This exceptional 3,928-square-foot retail space is located at 10628 Edgemere Blvd, El Paso, TX 79925. Situated in a high-visibility location off Yarbrough Drive, near Montana Ave, and minutes from Fort Bliss, this single-tenant property offers unparalleled access and exposure. Built in 1985, the one-story building sits on a lot with additional outdoor space, including approximately 100 square feet of outside storage and a 432-square-foot canopy area, totaling approximately 4,460 square feet. The property is zoned C-1 and boasts a convenient location within El Paso County (APN: X58099923805130). Previously occupied by an auto repair shop for over a decade, this space presents a turnkey opportunity for a similar business or a variety of other retail ventures. The property's excellent visibility and strategic location make it an attractive investment for businesses seeking a strong presence in a thriving El Paso neighborhood. The entire 3,928 square feet is currently vacant and ready for immediate occupancy. This is an excellent opportunity to establish or relocate your business in a high-traffic area.

    Property Features for 10628 Edgemere Blvd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,928 SF
    Total Rate
    4910

    Building Details

    Year Built
    1985
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space
    Size
    3,928 SF
    Rate per SF
    $15

    We can help!

    Listing Contact
    Jason Hiett
    Jason Hiett

    Learn more

    Property Insight Report

    HighLights

    • 3,928 SF retail space at 10628 Edgemere Blvd, El Paso, TX 79925.
    • High‑visibility location near Yarbrough Dr & Montana Ave, minutes from Fort Bliss.
    • Single‑tenant building on a 4,460 SF lot (including 100 SF of exterior storage and a 432 SF canopy).
    • C‑1 zoning in El Paso County (APN: X58099923805130).
    • Turnkey opportunity; previously occupied by an auto repair shop.
    • High‑traffic area with excellent visibility; immediate occupancy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Fifties Auto Detail Car Wash Frank Lucky Auto Auto Repair Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    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
    -106.33277079581
    Latitude
    31.791520481379

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    FAQs

    What type of property is this?
    Retail property - Prime El Paso retail space, ideal for auto repair.
    Where is this retail property located?
    The property is located at 10628 Edgemere Blvd El Paso, TX.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: 3,928 SF retail space at 10628 Edgemere Blvd, El Paso, TX 79925.; High-visibility location near Yarbrough Dr & Montana Ave, minutes from Fort Bliss.; Single-tenant building on a 4,460 SF lot (including 100 SF of exterior storage and a 432 SF canopy).
    Request Owner's contact information
    10628 Edgemere Blvd El Paso, TX 79925
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    El Paso, TX 79925
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    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
    10628 Edgemere Blvd El Paso, TX 79925
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    We can help!
    Listing Contact
    Jason Hiett
    Jason Hiett
    Real Estate License ID: 586674
    Learn more
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