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    12305 Mercantile Ave El Paso, TX 79928

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    For Lease
    Contact for pricing

    Class A Flex Space, 3,880 SF Available

    Lot size:
    33,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    409
    This exceptional Class A industrial property, located at 12305 Mercantile Ave in El Paso, Texas, offers a rare opportunity to lease a highly desirable warehouse/flex space. The building, constructed in 2017, boasts a total of 33,000 square feet across two single-story buildings. Currently, 3,880 square feet of vacant space is immediately available, representing a minimum divisible unit. The maximum contiguous space available is also 3,880 square feet. The property features four drive-in doors, providing convenient access for loading and unloading. Its strategic location in El Paso County, zoned C4, offers unparalleled access to major transportation arteries, including Loop 375 and I-10, as well as proximity to the international border crossing to Juarez, Mexico. This makes it an ideal location for businesses requiring efficient logistics and international trade capabilities. The property's modern design and high-quality construction ensure a functional and efficient workspace. This is a multi-tenant building. Don't miss this chance to secure your business's future in this prime El Paso location. The zip code is 79928.

    Property Features for 12305 Mercantile Ave

    General Information

    Property type
    Flex space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    33,000 SF
    Class
    A

    Building Details

    Year Built
    2017
    Buildings
    2
    Stories
    1

    Unit(s) available at that property

    Space
    Suite S-4
    Size
    2,640 SF

    We can help!

    Listing Contact
    Will Brown
    Will Brown

    Learn more

    Property Insight Report

    HighLights

    • Class A industrial property, 33,000 SF total, El Paso, TX.
    • 3,880 SF immediately available, minimum divisible unit.
    • Four drive‑in doors.
    • Excellent location near Loop 375, I‑10, and the US‑Mexico border.
    • 2017 construction, multi‑tenant building.
    Property Profile Location Intelligence

    Current Use by Public Records

    ADT Security Services Security System Supplier FIVE AXIS MANUFACTURING ... Manufacturer Our World Energy, ... Solar Energy Company Everon - ADT Commercial Security System Supplier EATON CORPORATION Industrial Equipment Supplier

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Wholesale Shop Auto Repair Shop Clothing Store Hotel & Motel Gym & Fitness Auto Parts Store

    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
    -106.2776633
    Latitude
    31.7043256

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    FAQs

    What type of property is this?
    Flex space - Class A Flex Space, 3,880 SF Available
    Where is this flex space located?
    The property is located at 12305 Mercantile Ave El Paso, TX.
    What are key features of this property?
    This property features: Class A industrial property, 33,000 SF total, El Paso, TX.; 3,880 SF immediately available, minimum divisible unit.; Four drive-in doors.
    Request Owner's contact information
    12305 Mercantile Ave El Paso, TX 79928
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    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
    12305 Mercantile Ave El Paso, TX 79928
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    We can help!
    Listing Contact
    Will Brown
    Will Brown
    Real Estate License ID: TX 442911
    Learn more
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