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Property profile

6949 Market Ave El Paso, TX 79915

OFF-MARKET
Commercial real estate
Property ID
US82-5204135
14,670 SF 4.33 ac lot Built 1970
Entity Owned 18-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 77,365-square-foot Class B industrial property in El Paso, Texas, presents a unique investment opportunity. Situated on a 4.55-acre lot, this two-story building boasts a versatile layout encompassing office space, warehouse facilities, and extensive cold storage capabilities. Built in 1970 and renovated in 2003, the property features 18-25 ft ceiling heights, providing ample storage space. The warehouse includes five dock-high bays (4.5 ft) with a pull-through loading area connected to refrigerated storage, and five additional roll-up doors with rail access. Ample parking is available with 84 surface spaces and a 34-space underground garage. The property also includes a two-bay mechanical shop, fueling pumps, and secured perimeter fencing. Modern office amenities include updated breakrooms, a boardroom, a large training space with a kitchen, a nursing station, and a secure reception area. The building is equipped with 420 volts and 1200 amps of electrical service and refrigerated air conditioning throughout. The cold storage areas offer temperature control, with removable freezer capabilities ranging from 0-36 degrees Fahrenheit. The property is zoned M1-SC. Note that the seller will lease back the warehouse space until August 2025. This property is ideal for a variety of logistics and distribution businesses. The property's features include forklift charging stations, roll-up doors with ramp access, and four separate warehouse entrances.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1970
Total area 14,670 SF
Lot 4.33 ac (188,528 SF)
Zoning code M1S
APN E131-999-0080-1750
UPID US82-5204135

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Big Box & Wholesale Store Distribution Center

Location

6949 Market Ave El Paso, TX 79915-1111
El Paso metro Census 3501 EL PASO, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.68M
Comparable Approach Comparable
$3.08M
Blend (final) Blend
$2.89M

Owner & transaction history

since 2008
1 recorded transaction
2008
Price N/A

Zoning & alternative use

M1S · El Paso, TX
Top alternative use upside
Apartment house (5+ units) $3.3M +88.7%
Medical building $2.7M +53.7%
Auto repair, garage $2.0M +13.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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