Medical-Retail-Restaurant
For Sale
Contact for pricing
B-3570 Rich Beem, El Paso, TX 79938
Blank shell space is offered for medical, retail, or restaurant build-outs, with adjacent parking available.
Property Size3,500 SF
Price / SF$0.01
Days on Market1226
Property Features for B-3570 Rich Beem
General Information
Standard status
Active
Size
3,500 SF
Listing Agency:
PPR-Real Estate Investment Ser
Listed By:
Jose Royo · License #0593743
(915) 790-8891
Source:
Exprealty
Added: Jun 14, 2023
Changed: Oct 21
Last Checked: Oct 21 at 12:09AM
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 PPR-Real Estate Investment Ser
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This for-sale commercial shell space is presented as a versatile blank canvas for a medical, retail, or restaurant build-out. The offering is described as an open layout ready for the infrastructure needed for those uses, and is positioned within a brand-new building.
The property is located in the 79938 area along El Paso’s professional corridor, with nearby tenants referenced in the marketing materials as including an established Family Medicine/Skin Care practice and a Day Care. The remarks also indicate robust traffic counts and a growing residential demographic.
An adjacent lot is available to accommodate additional parking for high-volume needs, with pricing available upon request. Landlord incentives and a build-out allowance are also referenced as available to support customization to the buyer’s specifications.
The property is located in the 79938 area along El Paso’s professional corridor, with nearby tenants referenced in the marketing materials as including an established Family Medicine/Skin Care practice and a Day Care. The remarks also indicate robust traffic counts and a growing residential demographic.
An adjacent lot is available to accommodate additional parking for high-volume needs, with pricing available upon request. Landlord incentives and a build-out allowance are also referenced as available to support customization to the buyer’s specifications.
Key Highlights
- 3,500 SF blank shell space for medical, retail, or restaurant build‑outs
- Open shell layout designed for medical, retail, or restaurant infrastructure
- Adjacent lot available for additional high‑volume parking (pricing upon request)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,075
Suggested Prices Based on Cap Rates
Cap Rate 5%
$661,500
$661.5K
Cap Rate 7%
$472,500
$472.5K
Cap Rate 9%
$367,500
$367.5K
Market Conditions
NOI Build-Up for 3,500 SF
Gross rent
$52.5K $15.00/SF
− Vacancy
−$5.3K −$1.50/SF
EGI
$47.3K $13.50/SF
− OpEx
−$14.2K −$4.05/SF
NOI
$33.1K $9.45/SF
Area
ZIP 79938
Vacancy
10.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$661,500
Cap Rate 7%
$472,500
Cap Rate 9%
$367,500
Alternative Uses
Best Use
Office B
$713.2K
$624.0K – $832.0K
NOI $49,922 @ 7.0% cap · market cap 192,007.69%
Second Best
Healthcare Medical
$583.2K
$510.3K – $680.4K
NOI $40,824 @ 7.0% cap · market cap 157,015.38%
Theoretical Best
Office A
$878.1K
$768.3K – $1.02M
NOI $61,465 @ 7.0% cap · market cap 236,403.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
188
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79938, TX
96,353
Population
29,818
Households
3.2
Avg Household Size
29
Median Age
28%
College-Educated
85%
High-School Grad
390.2 sq mi
ZIP Area
247
Density / Sq Mi
$75,801
Median Household Income
$40,528
Median Earnings
$1,433
Median Rent
$199,700
Median Home Value
Market
Vacancy Rate% for Office in El Paso, TX
Frequently Asked Questions
What type of property is this?
Medical Office Space - Blank shell space is offered for medical, retail, or restaurant build-outs, with adjacent parking available.
Where is this medical office space located?
The property is located at B-3570 Rich Beem El Paso, TX.
What are key features of this property?
This property features: 3,500 SF blank shell space for medical, retail, or restaurant build‑outs; Open shell layout designed for medical, retail, or restaurant infrastructure; Adjacent lot available for additional high‑volume parking (pricing upon request)
