1525 Magoffin AveEl Paso, TX 79901

  • Showrooms
  • 18,540 SF
For Sale
$1,390,500 View listing

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
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,093,900
    6.5%
    $1,932,830
    7%
    $1,794,770
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,208,460
    Geo Method
    $3,208,460
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $3,760,340
    Mixed-Use / Specialty
    $1,929,530
    Hospitality / Lodging
    $1,420,300
    Office
    $1,921,800
    Institutional / Educational
    $2,007,220
    Residential Income
    $2,348,440
    Multifamily
    $2,796,710
    Automotive / Energy
    $1,720,470
    Parking / Income-Based Land
    $590,170
    Restaurant / Food Service
    $1,011,220
    Healthcare / Senior Housing
    $1,975,020

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$7,732
$51,546
$227,954
$279,500
-
$51,546
$227,954
$279,500

FAQs

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