Building Details

Buildings 1

Listing Agency: Team Juan Uribe b***@teamjuanuribe.com

Listed By: Fabian Uribe · License #0667251 Show Phone

Source: Exprealty

Added: Oct 12 Changed: Oct 16 Last Checked: Oct 16 at 2:29PM

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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 Team Juan Uribe

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Investment Insights

Based on property information with market context.

Set on 2.65+/- acres with C-3 zoning, this flex property includes a 20,000+/- square foot industrial building and a secured yard. Interior improvements include a warehouse, a mechanic shop with a vehicle lift, a paint room, and a truck scale. The building also contains three offices and two retail/showroom spaces, each with a reception area.

The property fronts Alameda Avenue for approximately 350 feet, just east of S. Yarbrough Drive in El Paso. The building and yard provide a mix of enclosed work, display, and office areas alongside secured outdoor space.

Key Highlights

• 20,000+/- square foot industrial building on 2.65+/- acres
• C‑3 zoning
• Approximately 350 feet of frontage on Alameda Avenue

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$116,403

Cap Rate

8.95%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,328,060 $2.3M

Cap Rate 7%

$1,662,900 $1.7M

Cap Rate 9%

$1,293,367 $1.3M

Is this asking price fair?

Market Conditions

NOI Build-Up for 20,000 SF

Gross rent

$199.2K $9.96/SF

− Vacancy

−$20.1K −$1.01/SF

EGI

$179.1K $8.95/SF

− OpEx

−$62.7K −$3.13/SF

NOI

$116.4K $5.82/SF

Area

El Paso, TX

Vacancy

10.10%

Lease Rate

$9.96 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,328,060

Cap Rate 7%

$1,662,900

Cap Rate 9%

$1,293,367

Alternative Uses

Best Use

Retail

$3.24M

$2.84M – $3.78M (±1% cap)

NOI $226,800 @ 7.0% cap · market cap 17.45%

Second Best

Flex RnD

$1.66M

$1.46M – $1.94M (±1% cap)

NOI $116,403 @ 7.0% cap · market cap 8.95%

Theoretical Best

Office A

$5.02M

$4.39M – $5.85M (±1% cap)

NOI $351,228 @ 7.0% cap · market cap 27.02%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Dental Office Grocery & Convenience Store Veterinary Clinic (Bike/Boat/Book/etc) Store Catering Service Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Fenced yard

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

1,831

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 79907, TX

50,971

Population

17,505

Households

2.9

Avg Household Size

39

Median Age

13%

College-Educated

71%

High-School Grad

13.7 sq mi

ZIP Area

3,721

Density / Sq Mi

$41,901

Median Household Income

$25,661

Median Earnings

$910

Median Rent

$110,600

Median Home Value

Market

Vacancy Rate% for Industrial in El Paso, TX

6.4% 2019

5.6% 2020

3.7% 2021

2.7% 2022

6.7% 2023

12.2% 2024

12.8% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - A mixed-use commercial facility combines warehouse, automotive service, showroom, and office areas with a secured outdoor yard.

Where is this flex space located?

The property is located at A-8216 Alameda Avenue El Paso, TX.

What is the asking price?

The asking price for this property is $1,300,000.

What are key features of this property?

This property features: 20,000+/- square foot industrial building on 2.65+/- acres; C‑3 zoning; Approximately 350 feet of frontage on Alameda Avenue