Property Lookup
Property Lookup
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search
The Largest CRE Database in the US with Over 1 Million Listings
Property profile & analytics

1525 Magoffin Ave El Paso, TX 79901

  • Showrooms
  • 18,540 SF
  • 0.49 lot acres
For Sale
Last Sale
Apr 14, 2020
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US83-4236616
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • FCS Wrought Iron / Metal Fabrication Plant / Factory
  • Ary Automation & Control, LLC / Production Facility
  • EPTEX Coatings LLC / Factory / Industrial Manufacturer

Property Details for 1525 Magoffin Ave

Year built
1950
Lot size
0.49 lot acres
Property size
18,540 SF
Zone code
M1
Property type
Showrooms
APN
C849-999-0700-2900
APU
C84999907002900

Description

This exceptional investment opportunity presents a 18,540-square-foot industrial warehouse located at 1525 Magoffin Ave, El Paso, TX 79901. The property, classified as Class C, boasts a desirable distribution, flex, and R&D subtype, perfectly suited for a variety of uses. Built in 1950 and extensively renovated in 2021, this single-story building features a 16-foot ceiling height, one loading dock, and convenient drive-in access. Its strategic location in El Paso's central manufacturing district offers easy access to I-10 and downtown. The property includes a valuable rail spur, enhancing its logistical capabilities. Currently operating as a successful manufacturing business, the seller is offering a compelling sale-leaseback arrangement, with a proposed 5-year lease (plus a 5-year option) at $7,000 per month NNN. The property's strong financial performance is reflected in its $84,000 net operating income (NOI) and a 6.04% cap rate. The asking price is $1,390,500, with 2024 property taxes totaling $7,255.10. The property is zoned M1 and has an APN of C849-999-0700-2900. This is a rare opportunity to acquire a well-maintained, income-producing asset with significant upside potential in a thriving El Paso location.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $355,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $659,000
    Market price range: $659k - $2.60M

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
El Paso
County
El Paso
State
Texas
Longitude
-106.472
Latitude
31.7657
CBSA code
21340
CBSA name
EL PASO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$7,732
$51,546
$227,954
$279,500
-
$51,546
$227,954
$279,500
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message