Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    10771 Gateway Blvd El Paso, TX 79924

    Sponsored
    For Lease
    Contact for pricing

    Prime El Paso Retail Space Available

    Lot size:
    158,833 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    399
    North Hills Crossing offers a fantastic retail opportunity in El Paso County. This multi-tenant property boasts a total of 158,833 square feet of retail and restaurant space. Currently, one exceptional space is available, measuring 1,200 square feet, perfect for a variety of businesses. The property's strategic location within North Hills Crossing ensures high visibility and accessibility for customers. The building's design is well-suited for both retail and restaurant uses, offering ample space for inventory, customer service, and potentially kitchen facilities (depending on the tenant's needs). The multiple-tenant setup provides a vibrant and bustling atmosphere, creating a synergistic environment for businesses. This is an excellent chance to establish or expand your business in a thriving El Paso County location. Interested parties are encouraged to inquire for further details and to explore the possibilities this exceptional retail space presents. The property's size and layout offer flexibility for various business models, making it an attractive option for a wide range of potential tenants. Don't miss this opportunity to secure a prime retail location in a dynamic commercial center. Contact us today to schedule a viewing and learn more about this exciting prospect.

    Property Features for 10771 Gateway Blvd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    158,833 SF

    Unit(s) available at that property

    Space
    N107
    Size
    1,200 SF

    HighLights

    • Retail property totaling 158,833 square feet in El Paso County.
    • Multi‑tenant retail/restaurant space available.
    • One 1,200 square foot retail space currently available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sherwin-Williams Paint Store Painting Dollar Tree Dollar Store Supplement Xpress Vitamin & Supplements Store Petco Dog Training Dog Trainer Ross Dress for Less Clothing Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Auto Repair Shop Hair Salon Clothing Store Nail Salon

    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
    -106.4383169
    Latitude
    31.9250338

    Nearby Similar for Lease

    • $11 SF/Yr
      44,431 SF

      El Paso Office Warehouse Facility

      Versatile warehouse with office space and specialized paint booths.
      3500 Confederate Dr, El Paso, TX 79936
      View Details
    • $18 SF/Yr
      34,412 SF

      El Paso Retail/Office Space

      Prime retail/office spaces with high visibility and abundant parking.
      1568 Joe Battle Blvd, El Paso, TX 79928
      View Details
    • New
      $5,450 /Mo
      17,424 SF

      El Paso Commercial Warehouse Space

      Commercial warehouse with office space, convenient access, and ample parking.
      10950 Pellicano Dr, El Paso, TX 79935
      View Details
    • $7,499 /Mo
      90,169 SF

      Event Venue Opportunity in El Paso

      Event center for rent in fast-growing Far East El Paso.
      13644 David Dr, El Paso, TX 79938
      View Details
    • $2,857 /Mo
      10,890 SF

      El Paso Commercial Space Available

      Single-tenant building suitable for medical, dental, or professional office use.
      10520 Montwood Dr, El Paso, TX 79935
      View Details
    • $2,500 /Mo
      4,792 SF

      Updated Office Space in El Paso

      Modern office space with updated interiors in central El Paso.
      2314 Montana Ave, El Paso, TX 79903
      View Details
    • $4,500 /Mo
      2,178 SF

      El Paso Commercial Space Available

      2,250 sqft suite with versatile layout in El Paso.
      11385 James Watt Dr, El Paso, TX 79936
      View Details
    • $4,585 /Mo
      46,609 SF

      El Paso Office Space Available

      2,750 SF office space for rent in El Paso, TX.
      2000 Lomaland Dr, El Paso, TX 79935
      View Details
    • $29 SF/Yr
      7,405 SF

      Historic Building with Modern Amenities

      Historic building blending original character with modern, functional spaces.
      1230 Wyoming Ave, El Paso, TX 79902
      View Details
    • $720 /Mo
      43,560 SF

      Remodeled Office Space For Rent

      Newly remodeled office space with reception and three rooms.
      230 Thunderbird Dr, El Paso, TX 79912
      View Details
    • $23 SF/Yr
      15,682 SF

      El Paso Office Space Available

      Office space in El Paso with highway access and parking.
      810 E Yandell Dr, El Paso, TX 79902
      View Details
    • $350 /Mo
      43,560 SF

      Remodeled Office Space For Rent

      Newly remodeled office space for rent in El Paso, TX.
      230 Thunderbird Dr, El Paso, TX 79912
      View Details

    FAQs

    What type of property is this?
    Retail property - Prime El Paso Retail Space Available
    Where is this retail property located?
    The property is located at 10771 Gateway Blvd El Paso, TX.
    What are key features of this property?
    This property features: Retail property totaling 158,833 square feet in El Paso County.; Multi-tenant retail/restaurant space available.; One 1,200 square foot retail space currently available.
    Request Owner's contact information
    10771 Gateway Blvd El Paso, TX 79924
    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.
    10771 Gateway Blvd
    El Paso, TX 79924
    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.

    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
    10771 Gateway Blvd El Paso, TX 79924
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.