Central El Paso Medical
2022 Murchison Dr El Paso, TX 79902
2022 Murchison Dr, El Paso, TX, 79902
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For Sale
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Medical/professional office space near Hospitals of Providence Sierra Campus.
Property Size14,285 SF
Lot Size0.62 Acres
Price / SF$203.01
Days on Market737
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
(915) 328-9992
Listed by
Roland Correa · License #TX 362474
Source
Crexi
Added: Jul 16, 2024 Updated: Jul 6 at 7:45AM Checked: Jul 21 at 5:39AM
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.
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $342.8k | $24.00 |
| − Vacancy | −$34.3k | −$2.40 |
| EGI | $308.6k | $21.60 |
| − OpEx | −$123.4k | −$8.64 |
| NOI | $185.1k | $12.96 |
14,285 SF · lease $24.00/SF/yr · vacancy 10.00% · expense 40.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dr. Samuel Favela
Physician
Rosario Nadorra
Physician
Dr. Edward Leyva
Pediatrician
Dr. Luis Salayandia
Physician
Dr. Franchesca Cruz ...
Physician
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FAQs
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.
