6090 Surety DrEl Paso, TX 79905

Property Details for 6090 Surety Dr

Year built

1980

Lot size

2.57 AC

Property size (Sq ft)

58,998 SF

Zone code

C3S

Property type

Office buildings

APN

C746-999-0030-5100

APU

C74699900305100

Description

This exceptional four-story, 58,000-square-foot office building in El Paso, Texas, presents a unique investment opportunity. Located at 6090 Surety Dr, near Gateway Blvd. East, and boasting a 2023 renovation, the property features 60 individual suites, offering flexible space options ranging from 200 to 2,931 square feet. The building is ideally suited for multiple tenants, providing a diverse range of office configurations to accommodate various business needs. Amenities include elevators for convenient access to all four floors. The building's design allows for adaptable layouts, accommodating both open-plan workspaces and private offices. Currently, five suites are available. The building's strategic location in El Paso, TX, zip code 79905, offers excellent accessibility and visibility. One of the available spaces features a large open area perfect for a bullpen setup or a spacious conference/meeting/training area, complemented by two private offices, a breakroom, and a dedicated storage/data room. This property represents a compelling opportunity for investors seeking a well-maintained, versatile office building in a thriving Texas market. The building's recent renovation ensures modern functionality and aesthetics, making it an attractive option for a variety of businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $6,625,190

  6.5%

  $6,115,560

  7%

  $5,678,740

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,817,270

  Geo Method

  $9,817,270

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $11,966,200

  Retail / Commercial

  $6,150,670

  Mixed-Use / Specialty

  $6,140,150

  Hospitality / Lodging

  $4,519,690

  Institutional / Educational

  $6,387,360

  Residential Income

  $7,473,210

  Multifamily

  $8,899,700

  Automotive / Energy

  $5,474,880

  Parking / Income-Based Land

  $1,878,040

  Restaurant / Food Service

  $3,217,900

  Healthcare / Senior Housing

  $6,284,910

Location Insight

City

El Paso

County

El Paso

State

Texas

Latitude

31.7791

Longitude

-106.41

CBSA code

21340

CBSA name

EL PASO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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