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Property profile & analytics
FOR LEASE
Strip malls

5640 Montana Ave El Paso, TX 79925

14,371 SF 1.16 ac lot Built 1987
Entity Owned 7-yr Hold Free & Clear
Property ID
US82-4245180
Property summary
AI-generated overview

Red Rooster Multi-Purpose Center offers 5,000 square feet of immediately available office space in a newly remodeled, Class B building. This single-story, 15,100 square foot building features 11 suites, with spaces ranging from 1,250 to 5,000 contiguous square feet, perfect for executive or creative office uses. Located on a 1.16-acre lot (50,368 square feet) with convenient access to Montana Ave. and Trowbridge Dr., the property boasts a prime location, just one block from Paisano Dr. and two blocks from Interstate 10. Enjoy the benefit of 69 parking spaces and proximity to major amenities including Baskin Robbins, Sally Beauty Supply, McDonald's, and Whataburger. The property is also within a 10-minute drive of El Paso International Airport, 20 minutes from Downtown El Paso, and 15 minutes from UMC Medical Hospital, Children's Hospital, and Medical School. The landlord is offering tenant improvement allowances and free move-in rent. The property is zoned C1 and has an APN of M63699900100200. Building was constructed in 1987.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1987
Total area 14,371 SF
Lot 1.16 ac (50,355 SF)
Zoning code C1
APN M636-999-0010-0200
UPID US82-4245180
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
  • Baskin-Robbins Grocery & Convenience Store Specialty Food Shop
  • Sally Beauty (Bike/Boat/Book/etc) Store Cosmetic Store
  • Sam’s Family Cuts and Nail Services Hair Salon
  • Herbs Unlimited (Bike/Boat/Book/etc) Store Specialty Food Shop
  • TEXAS TURF LANDSCAPE LLC Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$525k
CAP Approach CAP
by Request
Comparable Approach Comparable
$816k
Blend (final) Blend
$670k
Owner & transaction history
5640 Montana LLC · 7 yrs held
5640 Montana LLC
since 2019
7 recorded transactions
2019
Price N/A
2019
Price N/A
2018
Price N/A
2017
Price N/A
2016
Price N/A
2014
Price N/A
2004
Price N/A
Zoning & alternative use
C1 · El Paso, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $1.1M +54.7%
Medical building $1.1M +53.4%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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