1525 Magoffin AveEl Paso, TX 79901

Property Details for 1525 Magoffin Ave

Year built

1950

Lot size

0.49 AC

Property size (Sq ft)

18,540 SF

Zone code

M1

Property type

Other commercial real estate

Property subtype

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.

• CAP approach

  CAP return

  Valuation

  6%

  $2,700,416

  6.5%

  $2,492,691

  7%

  $2,314,642

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,774,341

  Geo Method

  $7,774,341

• Alternative Use

  Use

  Valuation

  Residential

  $2,102,678

  Hospitality

  $1,926,042

  Educational

  $1,602,444

  Medical

  $1,657,555

  Retail

  $2,492,691

Location Insight

City

El Paso

County

El Paso

State

Texas

Latitude

31.7657

Longitude

-106.472

CBSA code

21340

CBSA name

EL PASO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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