181 Village CtEl Paso, TX 79922

  • Strip malls
  • 7,200 SF
For Lease
$25/SF/YR View listing

Property Details for 181 Village Ct

Year built
2019
Construction
WOOD
Lot size
0.56 AC
Property size (Sq ft)
7,200 SF
Zone code
C4S
Property type
Strip malls
Property subtype
Neighborhood centers
APN
C962-999-0020-0130
APU
C96299900200130

Description

This exceptional West El Paso property offers 4 versatile retail or office suites, ranging from 1,000 to 2,000 square feet. Three suites are in a grey shell condition, perfect for build-out to suit your specific needs, ideal for professional or medical office use. One suite (Suites 6 & 7) is a fully built-out office space, featuring a reception/waiting area, three private offices, a large conference room, a kitchen/breakroom, a dedicated copy area, and two restrooms. The property boasts a total of 27 parking spaces, providing ample convenience for tenants and their clients. Located in the heart of West El Paso, this property offers unparalleled access to I-10 and Mesa Street, ensuring high visibility and easy accessibility. The surrounding area is vibrant and thriving, with numerous established businesses including Anytime Fitness, Starbucks, Specs, Food King, GECU, and the El Paso Pain Center. The lot size falls within the 1,000 to 4,000 square foot range, offering flexibility and potential for future expansion. With 4,000 square feet of vacant space currently available, this is a unique opportunity to establish your business in a prime West El Paso location. Don't miss this chance to secure your ideal space in a bustling commercial area.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $813,167
    6.5%
    $750,615
    7%
    $697,000
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,246,000
    Geo Method
    $1,246,000
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $1,460,330
    Mixed-Use / Specialty
    $749,332
    Hospitality / Lodging
    $551,574
    Office
    $746,331
    Institutional / Educational
    $779,501
    Residential Income
    $912,016
    Multifamily
    $1,086,100
    Automotive / Energy
    $668,144
    Parking / Income-Based Land
    $229,192
    Restaurant / Food Service
    $392,706
    Healthcare / Senior Housing
    $766,998

Location Insight

City
El Paso
County
El Paso
State
Texas
Latitude
31.8389
Longitude
-106.574
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
$24,363
$233,721
$647,009
$880,730
-
$233,721
$647,009
$880,730

FAQs

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