Central El Paso Medical
For Sale
Contact for pricing
2022 Murchison Dr, El Paso, TX 79902
Medical/professional office space near Hospitals of Providence Sierra Campus.
Property Size14,285 SF
Lot Size0.62 Acres
Price / SF$203.01
Days on Market783
Property Features for 2022 Murchison Dr
General Information
Standard status
Active
Size
14,285 SF
Lot size
0.62 Acres
Property subtype
Mixed Use, Office
Listing Agency:
RC Properties
Listed By:
Roland Correa · License #TX 362474
(915) 328-9992
Source:
Crexi
Added: Jul 16, 2024
Changed: Aug 25
Last Checked: Sep 4 at 1:40PM
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 RC Properties
Investment Insights
Based on property information with market context.
Located in the heart of Central El Paso on Murchison Drive, adjacent to the Hospitals of Providence Sierra Campus, this medical/professional office space offers convenient access to I-10. The building encompasses 14,285 square feet on a 27,000-square-foot lot. The property features a total of 69 parking spaces, including 38 covered spaces located underground. The spaces are move-in ready, making it suitable for doctors, dentists, or professional offices.
Key Highlights
- Prime location in the heart of Central El Paso, next to Hospitals of Providence Sierra Campus.
- Move‑in ready medical/professional office spaces.
- Underground covered parking with 38 spaces.
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
$185,134
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
6.38%
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%
$3,702,680
$3.7M
Cap Rate 7%
$2,644,771
$2.6M
Cap Rate 9%
$2,057,044
$2.1M
Market Conditions
NOI Build-Up for 14,285 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
$342.8K $24.00/SF
− Vacancy
−$34.3K −$2.40/SF
EGI
$308.6K $21.60/SF
− OpEx
−$123.4K −$8.64/SF
NOI
$185.1K $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%
$3,702,680
Cap Rate 7%
$2,644,771
Cap Rate 9%
$2,057,044
Alternative Uses
Best Use
Healthcare Medical
$2.64M
$2.31M – $3.09M
NOI $185,134 @ 7.0% cap · market cap 6.38%
Second Best
Office B
$2.58M
$2.26M – $3.01M
NOI $180,825 @ 7.0% cap · market cap 6.24%
Theoretical Best
Office A
$3.58M
$3.14M – $4.18M
NOI $250,864 @ 7.0% cap · market cap 8.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,392
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79902, TX
20,071
Population
9,752
Households
2.1
Avg Household Size
38
Median Age
39%
College-Educated
81%
High-School Grad
6.5 sq mi
ZIP Area
3,088
Density / Sq Mi
$45,333
Median Household Income
$33,495
Median Earnings
$777
Median Rent
$223,300
Median Home Value
Market
Vacancy Rate% for Office in El Paso, TX
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical/professional office space near Hospitals of Providence Sierra Campus.
Where is this medical office space located?
The property is located at 2022 Murchison Dr El Paso, TX.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Prime location in the heart of Central El Paso, next to Hospitals of Providence Sierra Campus.; Move‑in ready medical/professional office spaces.; Underground covered parking with 38 spaces.
