7230 Gateway BlvdEl Paso, TX 79915

Property Details for 7230 Gateway Blvd

Year built

1987

Lot size

1.18 AC

Property size (Sq ft)

23,580 SF

Zone code

C3

Property type

Showrooms

APN

A765-999-005D-0110

APU

A765999005D0110

Description

Ranchland Plaza, a multi-tenant retail center in El Paso, Texas, presents a prime opportunity for businesses seeking high-traffic exposure. Located at 7230 Gateway East, this property boasts 20,145 square feet of total building space, with 2,500 square feet currently available for lease. The available space offers 2,521 square feet, ideal for a variety of retail uses. The property benefits from a highly desirable C-3 zoning classification, allowing for a wide range of commercial activities. Situated in El Paso County, with a zip code of 79915, Ranchland Plaza enjoys exceptional visibility due to its location on Gateway East and its proximity to Interstate 10, ensuring convenient access for customers. The center's strategic position offers easy access to major shopping destinations, including the nearby Cielo Vista Mall and the Fountains at Farrah, providing significant foot traffic and brand synergy. This is an excellent opportunity to establish or expand a retail presence in a thriving El Paso commercial corridor. The property is well-suited for businesses seeking a high-visibility location with convenient access to major transportation arteries and established retail centers.

• CAP approach

  CAP return

  Valuation

  6%

  $2,663,120

  6.5%

  $2,458,260

  7%

  $2,282,670

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,080,660

  Geo Method

  $4,080,660

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $4,782,570

  Mixed-Use / Specialty

  $2,454,060

  Hospitality / Lodging

  $1,806,410

  Office

  $2,444,230

  Institutional / Educational

  $2,552,870

  Residential Income

  $2,986,850

  Multifamily

  $3,556,980

  Automotive / Energy

  $2,188,170

  Parking / Income-Based Land

  $750,605

  Restaurant / Food Service

  $1,286,110

  Healthcare / Senior Housing

  $2,511,920

Location Insight

City

El Paso

County

El Paso

State

Texas

Latitude

31.767

Longitude

-106.37

CBSA code

21340

CBSA name

EL PASO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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