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    El Paso Commercial Space Available Title is generated by Realmo AI

    9828 Montana Avenue, El Paso, TX 79925

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    New
    For Lease
    $8,000/Mo $17 SF/Yr (calc)

    COMMERCIAL - El Paso, TX

    Property size:
    5,586 SF
    Lot size:
    0.31 Acres
    Added:
    May 11, 2026
    Days on Market:
    2
    Last Refresh:
    May 12 at 12:06 am

    Property Features for 9828 Montana Avenue

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    C3
    Parking
    30
    Parking features
    Assigned
    Fireplace
    1
    Standard status
    Active
    APN
    378570
    Size
    5,586 SF
    Lot size
    0.31 Acres

    Taxes and HOA fees

    Tax Description
    24 SCOTSDALE #2 Lot 13

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Central
    Cooling system
    Evaporative Cooling

    Building Details

    Floors in Building
    1
    Building materials
    Block, Brick

    We can help!

    Listing Contact
    JoAnn Vivar

    Listing agent JoAnn Vivar

    Listing office Majestic, REALTORS 8201 Lockheed Dr., #235, El Paso, TX

    Listing date May 11, 2026

    MLS# 943785

    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.

    HighLights

    • Four suites included in the rentable space, offering flexibility
    • Enjoy the large 1102 sq ft patio area for outdoor use
    • Divisible space (4, 3, or 2 spaces) to suit different needs
    • Substantial 1862 sq ft main bar area
    • Stage area (1482 sq ft) for performances or events
    • Kitchen area located within the main bar area

    Overview

    This commercial space in El Paso, Texas, offers four suites available for rent. The space includes a patio measuring 38x29, totaling 1102 square feet. The main bar area spans 38x49, providing 1862 square feet. An additional middle bar area measures 38x30, encompassing 1140 square feet. The stage area is 38x39, offering 1482 square feet. The kitchen area is located within the main bar area. The available rentable space can be divided into four, three, or two spaces. The property is zoned C3 and is situated on a lot of approximately 0.31 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Luna and Lobo tattoo ... Tattoo & Piercing Shop Aqua Addicts (Bike/Boat/Book/etc) Store Urgent Care Home ... Medical Clinic Wisenheimers Handcrafted Mixers Bar & Pub J. Kenneth Lucius, ... Dental Office

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Wee Went Wong — El Paso, TX 79925
    • Tropical Snow — 9698 Album Ave #9610, El Paso, TX 79925
    • Gordo's Hideout — 3035 McRae Blvd, El Paso, TX 79925
    • Montrae Lounge — 9606 Montana Ave, El Paso, TX 79925
    • Coco Loko — 9449 Montana Ave, El Paso, TX 79925

    Location Insight

    • Map
    • Local Demand
    City
    El Paso
    County
    El Paso
    State
    Texas
    Longitude
    -106.35263
    Latitude
    31.794398

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    FAQs

    What type of property is this?
    Bar & Pub - Four suites available for rent in El Paso, Texas.
    Where is this bar & pub located?
    The property is located at 9828 Montana Avenue El Paso, TX.
    What is the lease rate?
    The lease rate is $8,000 /Mo.
    What are key features of this property?
    This property features: Four suites included in the rentable space, offering flexibility; Enjoy the **large 1102 sq ft patio area** for outdoor use; Divisible space (4, 3, or 2 spaces) to suit different needs
    (915) 240-8086
    We can help!
    Listing Contact
    JoAnn Vivar
    Learn More
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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.

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