220 Thunderbird DrEl Paso, TX 79912

Property Details for 220 Thunderbird Dr

Year built

1975

Construction

CONCRETE BLOCKS

Lot size

0.51 AC

Property size (Sq ft)

8,000 SF

Zone code

A0

Property type

Medical offices

Property subtype

Medical centers

APN

X214-999-000A-8020

APU

X214999000A8020

Description

This 8,000 square foot Class C office building presents a fantastic opportunity for multi-tenant occupancy. Located at 220 Thunderbird Dr, El Paso, TX 79912, this property enjoys a highly visible position on Thunderbird Street, situated between Mesa Avenue and Shadow Mountain Avenue in the heart of El Paso's west side. The building is currently 85% occupied under a gross lease structure. The traditional office space is ideal for a variety of businesses seeking a well-located and established presence in a thriving area of El Paso. The property's central location offers easy access to major thoroughfares, providing excellent accessibility for employees and clients alike. With its substantial square footage and existing tenant base, this building offers immediate income potential and significant upside for future growth. The property is situated in El Paso County, Texas, and provides a solid investment opportunity in a dynamic market. This multi-tenant building offers a diverse range of possibilities for investors seeking a stable and profitable commercial real estate asset. Further details are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $898,362

  6.5%

  $829,257

  7%

  $770,024

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,331,200

  Geo Method

  $1,331,200

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,622,580

  Retail / Commercial

  $834,017

  Mixed-Use / Specialty

  $832,591

  Hospitality / Lodging

  $612,860

  Institutional / Educational

  $866,112

  Residential Income

  $1,013,350

  Multifamily

  $1,206,780

  Automotive / Energy

  $742,382

  Parking / Income-Based Land

  $254,658

  Restaurant / Food Service

  $436,340

  Healthcare / Senior Housing

  $852,220

Location Insight

City

El Paso

County

El Paso

State

Texas

Latitude

31.8338

Longitude

-106.53

CBSA code

21340

CBSA name

EL PASO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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