El Paso Industrial Building
For Sale
Contact for pricing
Pending
11020 Argal Ct, El Paso, TX 79935
11,484 SF industrial building with paint booth and office.
Property Size11,484 SF
Days on Market671
Property Features for 11020 Argal Ct
General Information
Standard status
Pending
Size
11,484 SF
Property subtype
Industrial, Retail
Zoning
C4 SC
Lease Type
NNN
Building Details
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
REP Commercial Real Estate
(915) 240-1231
Listed By:
Ernesto Salas · License #728058
Source:
Crexi
Added: Oct 29, 2024
Changed: Aug 8
Last Checked: Jul 24 at 5:04PM
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 REP Commercial Real Estate
Investment Insights
Based on property information with market context.
This 11,484 SF industrial building is available for sale or lease in El Paso's industrial corridor. The property features approximately 900 SF of office space. A specialized paint booth fire suppression system is in place. The roof has been recently serviced, and the parking lot has been resurfaced. The property includes one ground-level loading dock. The building is located 1.8 miles from I-10, providing access to regional and national transportation routes. The property is suitable for various industrial or retail uses.
Key Highlights
- Move‑in‑ready 11,484 SF industrial building in a prime El Paso industrial corridor location.
- Benefit from a paint booth with a specialized fire suppression system (a $50k investment).
- Recently serviced roof and newly resurfaced parking lot.
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
$54,635
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
3.52%
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%
$1,092,700
$1.1M
Cap Rate 7%
$780,500
$780.5K
Cap Rate 9%
$607,056
$607.1K
Market Conditions
NOI Build-Up for 11,484 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
$86.8K $7.56/SF
− Vacancy
−$8.8K −$0.76/SF
EGI
$78.1K $6.80/SF
− OpEx
−$23.4K −$2.04/SF
NOI
$54.6K $4.76/SF
Area
El Paso, TX
Vacancy
10.10%
Lease Rate
$7.56 /SF/Yr
Expense Ratio
30.00%
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%
$1,092,700
Cap Rate 7%
$780,500
Cap Rate 9%
$607,056
Alternative Uses
Best Use
Industrial
$780.5K
$682.9K – $910.6K
NOI $54,635 @ 7.0% cap · market cap 3.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.88M
$2.52M – $3.36M
NOI $201,675 @ 7.0% cap · market cap 13.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,518
Businesses Nearby
Explore this area
Business Placement
Demographics for 79935, TX
17,534
Population
7,165
Households
2.4
Avg Household Size
38
Median Age
28%
College-Educated
85%
High-School Grad
3.5 sq mi
ZIP Area
5,010
Density / Sq Mi
$65,000
Median Household Income
$32,377
Median Earnings
$1,070
Median Rent
$194,700
Median Home Value
Market
Vacancy Rate% for Industrial in El Paso, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - 11,484 SF industrial building with paint booth and office.
Where is this manufacturing property located?
The property is located at 11020 Argal Ct El Paso, TX.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Move‑in‑ready 11,484 SF industrial building in a prime El Paso industrial corridor location.; Benefit from a paint booth with a specialized fire suppression system (a $50k investment).; Recently serviced roof and newly resurfaced parking lot.
