Warehouse With
For Sale
$1,190,000
Pending
980 Zabel Lane, El Paso, TX 79928
COMMERCIAL - El Paso, TX
Property Size6,000 SF
Lot Size1.00 Acre
Days on Market121
Property Features for 980 Zabel Lane
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Out of Area
Parking features
Assigned
Fireplace
1
Subdivision
Out Of Area
Standard status
Pending
APN
X293000L00B0060
Lot size
1.00 Acre
Taxes and HOA fees
Tax Year
2026
Tax Description
LEIGH CLARK SURV 293 TR 2-A-6 (1.00 AC)
Tax Annual Amount
1415
Legal Description
LEIGH CLARK SURV 293 TR 2-A-6 (1.00 AC)
Utilities
Sewer type
Septic Tank
Building Details
Floors in Building
1
Building materials
Steel Frame, Metal Siding
Listing Agency:
Team Juan Uribe
(915) 585-0007
Listed By:
Sebastian Alcazar · License #0719657
(915) 478-9905
Added: Apr 15
Changed: Aug 4
Last Checked: Aug 13 at 1:06AM
MLS# 942371
Copyright © 2026 Greater El Paso Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2026, this steel-frame warehouse includes metal siding, polished concrete floors, LED lighting, and a mini-split cooling system. The property includes a 575-square-foot interior office with a restroom, along with three 16-foot-high roll-up doors arranged for front-loading service. The warehouse provides 20-foot clear ceiling heights and an 18-foot eave height.
The facility occupies 1 acre at 980 Zabel Lane in El Paso, near the I-10 and Horizon Blvd North Corner. Assigned parking is available, and the property is served by a septic tank. High-power electricity may be available, subject to confirmation. The site is suited to users needing truck access and straightforward ingress and egress.
The facility occupies 1 acre at 980 Zabel Lane in El Paso, near the I-10 and Horizon Blvd North Corner. Assigned parking is available, and the property is served by a septic tank. High-power electricity may be available, subject to confirmation. The site is suited to users needing truck access and straightforward ingress and egress.
Key Highlights
- 6,000 sq ft warehouse on 1 acre
- 575 sq ft office with interior restroom
- Three 16ft high roll up doors for front loading service
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
$60,955
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
5.12%
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%
$1,219,100
$1.2M
Cap Rate 7%
$870,786
$870.8K
Cap Rate 9%
$677,278
$677.3K
Market Conditions
NOI Build-Up for 6,000 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
$97.9K $16.32/SF
− Vacancy
−$16.6K −$2.77/SF
EGI
$81.3K $13.55/SF
− OpEx
−$20.3K −$3.39/SF
NOI
$61.0K $10.16/SF
Area
ZIP 79928
Vacancy
17.00%
Lease Rate
$16.32 /SF/Yr
Expense Ratio
25.00%
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%
$1,219,100
Cap Rate 7%
$870,786
Cap Rate 9%
$677,278
Alternative Uses
Best Use
Office B
$870.8K
$761.9K – $1.02M
NOI $60,955 @ 7.0% cap · market cap 5.12%
Second Best
Warehouse
$491.2K
$429.8K – $573.1K
NOI $34,387 @ 7.0% cap · market cap 2.89%
Theoretical Best
Office A
$1.05M
$918.0K – $1.22M
NOI $73,440 @ 7.0% cap · market cap 6.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20 ft
Clear height
3
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
232
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 79928, TX
78,971
Population
24,841
Households
3.2
Avg Household Size
29
Median Age
24%
College-Educated
85%
High-School Grad
209.9 sq mi
ZIP Area
376
Density / Sq Mi
$73,704
Median Household Income
$37,406
Median Earnings
$1,145
Median Rent
$188,600
Median Home Value
Market
Vacancy Rate% for Office in El Paso, TX
Questions? Ask Rey
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Similar Off Market Nearby
- Love's Storage Solutions — 1318 Horizon Blvd, El Paso, TX 79928
Frequently Asked Questions
What type of property is this?
Warehouse - Steel-frame warehouse near I-10 provides front-loading access, an integrated office, and assigned parking.
Where is this warehouse located?
The property is located at 980 Zabel Lane El Paso, TX.
What is the asking price?
The asking price for this property is $1,190,000.
What are key features of this property?
This property features: 6,000 sq ft warehouse on 1 acre; 575 sq ft office with interior restroom; Three 16ft high roll up doors for front loading service
