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Property profile & analytics
OFF-MARKET Estimated value $540,000
Medical Office Space

220 Thunderbird Dr El Paso, TX 79912-3922

8,000 SF 0.51 ac lot Built 1975
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US82-1968985
Property summary
AI-generated overview

This 8,000 square foot Class C office building presents a fantastic opportunity for multi-tenant occupancy. Located at 220 Thunderbird Dr, El Paso, TX 79912, this property enjoys a highly visible position on Thunderbird Street, situated between Mesa Avenue and Shadow Mountain Avenue in the heart of El Paso's west side. The building is currently 85% occupied under a gross lease structure. The traditional office space is ideal for a variety of businesses seeking a well-located and established presence in a thriving area of El Paso. The property's central location offers easy access to major thoroughfares, providing excellent accessibility for employees and clients alike. With its substantial square footage and existing tenant base, this building offers immediate income potential and significant upside for future growth. The property is situated in El Paso County, Texas, and provides a solid investment opportunity in a dynamic market. This multi-tenant building offers a diverse range of possibilities for investors seeking a stable and profitable commercial real estate asset. Further details are available upon request.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1975
Construction CONCRETE BLOCKS
Total area 8,000 SF
Lot 0.51 ac (22,094 SF)
Zoning code A0
APN X214-999-000A-8020
UPID US82-1968985
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Mirna Hair Design Studio Hair Salon Nail Salon
  • Texas Save A Life CPR and First Aid Training LLC Training Center
  • Varsity Roofing Roofing Company General Contractor
  • Tailor Made Personal Training Gym & Fitness Center
  • Integrated-Life Improvement Services Solar Energy Company
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$470k
CAP Approach CAP
by Request
Comparable Approach Comparable
$613k
Blend (final) Blend
$540k
Owner & transaction history
Rj Thunderbird LLC · 1 yrs held
Rj Thunderbird LLC
since 2024
7 recorded transactions
2024
Price N/A
2024
Price N/A
2020
Price N/A
2019
Price N/A
2019
Price N/A
2019
Price N/A
2017
Price N/A
Zoning & alternative use
A0 · El Paso, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source code of ordinances
Top alternative use upside
Commercial (general) $800,000 +17.0%
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