550 Peyton Rd, El Paso, TX 79928
- Medical Office Space
- 8,800 SF
- 1.03 lot acres
Current Use by Public Records
- Parlo Speech Lab / Physician
Property Details for 550 Peyton Rd
- Year built
- 2022
- Lot size
- 1.03 lot acres
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- T202-000-015A-0200
- APU
- T202000015A0200
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 28, 2021 | — | R James Enterprises INC | — | Deed · related | $1.6M · Sunflower Bank NA |
| Nov 18, 2019 | — | R Jams Enterprises INC | Hunt Communities Development Co II | Venders Lien | $436k · Sunflower Bank NA |
Description
This single-story, 8,634-square-foot medical office building in El Paso, Texas, offers exceptional leasing opportunities. Located on a 1.3-acre lot at 550 Peyton Rd, El Paso, TX 79928, the property features six suites, with 3,600 square feet currently available. Flexible space options range from 1,200 to 3,600 contiguous square feet, perfect for various medical practices. The building boasts ample parking, attractive landscaping, and prominent monument signage. Its strategic location at the corner of Peyton Rd and across from Eastlake Blvd provides high visibility and easy access to major thoroughfares, including I-10. The area is experiencing significant growth, with a new hospital and medical campus nearby, ensuring a strong patient base and high traffic counts exceeding 26,814 vehicles per day on Eastlake Blvd. The building's design allows for tenant build-outs to meet specific needs. This property is zoned commercial and is situated near retail, residential areas, and other medical facilities. The building offers excellent flow of space, tasteful accents, and lighting.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,330,000
- 6.5%
- $1,230,000
- 7%
- $1,140,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,120,000
Market price range: $451k - $1.64M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $1,045,000 Current use
- RESTAURANT
- $1,525,000 Change: +46% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $1,285,000 Change: +23% Conversion: Easy
- AUTO REPAIR, GARAGE
- $1,180,000 Change: +13% Conversion: Difficult
- RETAIL STORES
- $1,115,000 Change: +6% Conversion: Difficult
- OFFICE BUILDING
- $935,000 Change: -11% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- El Paso
- County
- El Paso
- State
- Texas
- Longitude
- -106.241
- Latitude
- 31.701
- CBSA code
- 21340
- CBSA name
- EL PASO, TX METROPOLITAN STATISTICAL AREA
