The Wiley Building - other in El Paso, TX
Other

The Wiley Building

the wiley building, el paso, TX 79901

Price

Price on request

Market rate estimate — not broker-provided

Cost-of-Business Details

Medium Confidence
Low
$18.09/SF
Mid
$22.61/SF
High
$27.13/SF
Tier Used
tax_cap_reverse

Estimated from market cap rate (8.7%), property tax rate (0.02%), and wage-adjusted baseline.

Tier Resolution Trace
Tier 1insufficient_data
Tier 2successselected
Cost Breakdown
ComponentValueDetailSource
Base Rent$22.61/SFtax_cap_reverse
Utilities5.5¢/kWhOpenEI URDB
Property Tax0.0% eff. rateAPI Ninjas
Labor Index$906/wkBLS QCEW
Source Provenance (3)
SourceTypeCountYearFreshnessPeer
Market Reportscap_ratequarterly
API Ninjasproperty_taxannual
BLS QCEWwage_indexquarterly
Data sources used
market_reportsproperty_taxwage_index

Description

Class A Medical / Professional Office for Sale or Lease Originally constructed around 1910, the Wiley Building at 1125 Texas began as a four-story industrial concrete warehouse with a basement. Built during El Paso’s early 20th-century industrial expansion, the structure’s heavy concrete design was typical of the era and served as a warehouse and industrial facility, supporting distribution and industrial activity in the rapidly growing downtown area. In the 2010s and early 2020s, the building underwent a complete architectural transformation led by Wright & Dalbin Architects, evolving into a Class A contemporary office structure while preserving its original industrial character. Today, the Wiley Building functions as a mixed medical and professional office building, housing notable tenants such as Salt + Honey Bakery Café, the Advanced Surgery Center of El Paso, the El Paso Orthopedic and Spine Institute, Epiphany Dermatology, El Paso Head and Neck Surgery, and Moreno Cardenas Inc. This modernization, along with ongoing tenant-specific renovations including medical office build-outs and a new ambulatory surgery center on the 5th floor, has positioned the building as a key component in the revitalization of downtown El Paso. The Wiley Building’s adaptive reuse, which preserves historical aspects while incorporating modern elements, makes it one of downtown El Paso’s most noteworthy projects.

Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.

Location

the wiley building, el paso, TX 79901

Marker
Leaflet © OpenStreetMap contributors

Market Context

As of Q3 2017, the El Paso other market showed a 9.4% vacancy rate, and cap rates around 8.7%. Source: www lee-associates com Q3 2017 market report.

Compare it against other other listings for sale in El Paso, TX to benchmark pricing and space — view the full market.

Other market FAQ

What is the typical cap rate for other in El Paso?
About 8.7% as of Q3 2017, per www lee-associates com.
Is the El Paso other market tightening or softening?
Vacancy is around 9.4% (Q3 2017).

Investment Analysis

Beta Feature: Investment Analysis is currently in beta testing. Metrics are calculated based on available financial data and market comparables. Results are for informational purposes and should not be considered financial advice. Verify all assumptions and consult with a financial advisor before making investment decisions.

Financing Assumptions

Insufficient financial data for full analysis. Add more financial fields to improve metric coverage.

Market Employment Trend

YoY Growth:+0.9%
Avg Weekly Wage:$1,580

December 2025 • Source: BLS QCEW

Economic Indicators

30-Yr Mortgage:6.47%
CPI Inflation (YoY):4.2%

Source: FRED

Market Demographics

Census ACS 2024
Population870,779
Median Income$60k↓ 20%
College Educated23.8%↓ 9.6pp
Median Age33.6 yrs
Median Home Value$180k
Unemployment6.0%↑ 2.4pp

2024 American Community Survey 5-Year Estimates •Released annually by U.S. Census Bureau

Assumptions
  • Interest rate: 6.47% (FRED live)
  • Loan term: 25 years
  • Down payment: 25.0%
  • Market comparison: other in el paso, TX

More Other for Sale in El Paso, TX(5)

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CBRE System Import