550 Peyton RdEl Paso, TX 79928

Property Details for 550 Peyton Rd

Year built

2022

Lot size

1.03 AC

Property size (Sq ft)

8,800 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

T202-000-015A-0200

APU

T202000015A0200

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.

• CAP approach

  CAP return

  Valuation

  6%

  $871,939

  6.5%

  $804,867

  7%

  $747,376

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,464,320

  Geo Method

  $1,464,320

• Alternative Use

  Use

  Valuation

  Residential

  $998,035

  Hospitality

  $914,195

  Educational

  $760,599

  Medical

  $786,757

  Retail

  $1,183,154

Location Insight

City

El Paso

County

El Paso

State

Texas

Latitude

31.701

Longitude

-106.241

CBSA code

21340

CBSA name

EL PASO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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