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

    1506 Lee Trevino Dr El Paso, TX 79936

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

    High-visibility retail spaces available.

    Lot size:
    47,500 SF

    Property Features for 1506 Lee Trevino Dr

    General Information

    Property type
    Retail space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    47,500 SF

    Building Details

    Year Built
    1997
    Buildings
    1
    Stories
    1

    Spaces For Lease

    at 1506 Lee Trevino Dr, El Paso, TX 79936 Contact us

    We can help!

    Listing Contact
    Ernesto Salas
    Ernesto Salas

    Listing Agency: RESOLUT RE - Austin Listing Agent: Ernesto Salas

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

    Learn more

    Property Insight Report

    Overview

    Towne Centre, a 47,500 square foot retail plaza in El Paso County, offers exceptional opportunities for businesses seeking high-traffic locations. Built in 1997, this single-story building sits on 4.3 acres of land and boasts 340 parking spaces, ensuring ample convenience for customers. The property is zoned C4 and features a mix of tenancies, with three spaces currently available, ranging from 1,720 to 5,160 contiguous square feet; a total of 8,858 square feet is currently vacant. Benefit from the high visibility afforded by its location at a high-traffic intersection and close proximity to Interstate 10. National co-tenancy includes popular restaurants like Chili's and Taco Bell, drawing significant foot traffic to the center. The property's former uses include a bar & restaurant and a barbershop, presenting adaptable spaces for various retail concepts. The maximum contiguous space available is 1,978 square feet. This prime retail location offers excellent visibility and access to a strong customer base in a thriving commercial area, surrounded by national restaurants, retail establishments, and office tenants.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Self Storage Unit ... Storage Facility Oscar Arrieta: Allstate ... Insurance Agency Steady Ink Tattoo ... Tattoo & Piercing Shop La Caracola Tacos ... Restaurant Las Maquinitas Sweepstakes Cafe & Coffee Shop

    Suggested Use

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

    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
    -106.31784154766
    Latitude
    31.752565923638

    Nearby Similar for Lease

    • New
      $1,200 /Mo
      10,890 SF

      El Paso Retail Space Available

      Retail space with drive-thru, ideal for various businesses.
      5002 Trowbridge Dr, El Paso, TX 79903
      View Details
    • New
      $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
    • $2,750 /Mo
      6,534 SF

      Kern Place Office Building

      Unique office building in El Paso's Kern Place.
      2515 Stanton St, El Paso, TX 79902
      View Details
    • $895 /Mo
      17,860 SF

      El Paso Retail Space Available

      Retail space for lease in a high-traffic El Paso location.
      2920 N Piedras St, El Paso, TX 79930
      View Details
    • $1,200 /Mo
      6,098 SF

      El Paso Commercial Corner Lot

      C4-zoned property with warehouse and office suites for rent.
      4606 Vulcan Ave, El Paso, TX 79904
      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
    • $3,000 /Mo
      7,405 SF

      High-Visibility Endcap in El Paso

      2,000 SF endcap ideal for medical or professional use.
      9533 Dyer St, El Paso, TX 79924
      View Details
    • New
      $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
    • $2,800 /Mo

      Retail Space in Downtown El Paso

      Commercial property in the heart of downtown El Paso.
      504 S El Paso St, El Paso, TX 79901
      View Details
    • New
      $1,150 /Mo
      10,890 SF

      Warehouse Condo with Fenced Yard

      900 sqft warehouse condo with 8000 sqft fenced yard.
      4343 Krag St, El Paso, TX 79938
      View Details
    • $5,000 /Mo
      17,424 SF

      Versatile Warehouse with Office Space

      Commercial warehouse with office space, convenient access, and ample parking.
      10950 Pellicano Dr, El Paso, TX 79935
      View Details
    • $800 /Mo
      Pending

      Downtown El Paso Retail Space

      Retail space in downtown El Paso with high traffic exposure.
      702 S Santa Fe St, El Paso, TX 79901
      View Details

    FAQs

    What type of property is this?
    Retail space - High-visibility retail spaces available.
    Where is this retail space located?
    The property is located at 1506 Lee Trevino Dr El Paso, TX.
    What are key features of this property?
    This property features: High-visibility shopping center with 47,500 total square feet.; Convenient I-10 access.; Strong national co-tenancy including Chili's and Taco Bell.
    (915) 240-1231 Call to check price and availability
    Request Owner's contact information
    1506 Lee Trevino Dr El Paso, TX 79936
    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.
    1506 Lee Trevino Dr
    El Paso, TX 79936
    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
    1506 Lee Trevino Dr El Paso, TX 79936
    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 Ernesto Salas
    Ernesto Salas
    Real Estate License ID: 728058
    (915) 240-1231 (915) 422-2242 (512) 474-5557
    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!