444 Robinson AveEl Paso, TX 79902

Property Details for 444 Robinson Ave

Year built

1973

Lot size

0.33 AC

Property size (Sq ft)

4,138 SF

Zone code

AO

Property type

Healthcare properties

Property subtype

Medical offices

APN

A462-999-2060-3000

APU

A46299920603000

Description

This exceptional El Paso office building, located at 444 E Robinson Ave, presents a compelling investment or owner-occupancy opportunity. The 5,437 square foot property, built in 1973 and extensively renovated in 2007, comprises two buildings with two stories each, situated on a 19,500 square foot lot. The property is zoned AO and features three units, offering flexibility for various uses. The ground floor boasts expansive open areas perfect for collaboration, complemented by a conference room, kitchen/break area, and adaptable space. The second floor includes two larger private offices and a spacious open area, ideal for a growing business. Ample parking is provided with 17 dedicated spaces in a private lot, enhanced by an attractive courtyard. The property benefits from a highly convenient location near dining, retail establishments, the University of Texas at El Paso (UTEP), and the medical center, further enhanced by proximity to the El Paso Streetcar. Currently, one unit is occupied by a month-to-month tenant paying $1,700 monthly, offering immediate income potential and flexibility for the new owner. This move-in ready property, with its contemporary design and updated kitchen, is perfect for a small professional firm or a mixed-use space combining office and residential functions. The property's versatility makes it an attractive option for owner-occupants and investors alike.

• CAP approach

  CAP return

  Valuation

  6%

  $410,010

  6.5%

  $378,470

  7%

  $351,437

• Comparable approach

  Method

  Valuation

  Relative Method

  $688,563

  Geo Method

  $688,563

• Alternative Use

  Use

  Valuation

  Residential

  $469,303

  Hospitality

  $429,879

  Educational

  $357,655

  Medical

  $369,955

  Retail

  $556,352

Location Insight

City

El Paso

County

El Paso

State

Texas

Latitude

31.7775

Longitude

-106.5

CBSA code

21340

CBSA name

EL PASO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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