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    El Paso Commercial Gem Title is generated by Realmo AI

    1700 MESA Street, El Paso, TX 79902

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    Claim this Listing
    For Sale
    $950,000

    COMMERCIAL - El Paso, TX

    Lot size:
    0.28 Acres
    Added:
    Apr 25, 2026
    Days on Market:
    29
    Last Refresh:
    May 23 at 8:06 pm

    Property Features for 1700 MESA Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    A3
    Fireplace
    1
    Standard status
    Active
    APN
    A46299907609100
    Lot size
    0.28 Acres

    Taxes and HOA fees

    Tax Description
    76 ALEXANDER 18 TO 20 & S 22 FT OF 17 (12200 SQ FT)

    Building Details

    Floors in Building
    3

    We can help!

    Listing Contact
    Lynn Westbrook
    Lynn Westbrook

    Listing agent Lynn Westbrook

    Listing office eXp Realty LLC 9600 Great HIlls Trl Ste 150w, Austin, TX

    Listing date Apr 25, 2026

    MLS# 942832

    Copyright © 2026 Greater El Paso Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High‑traffic corner location near UTEP, ideal for business exposure.
    • Additional 1,120 SF residential structure for rental, Airbnb, staff housing, or office space.
    • Fourteen on‑site parking spaces, a rare amenity near downtown.
    • Grand reception area with original tin ceilings, crown moldings, and hardwood floors.
    • Versatile building suitable for medical offices, law firms, galleries, and other professional uses.
    • Conveniently located near hospitals, universities, downtown, bus lines, trolley, and I‑10 access.

    Overview

    Constructed in 1920, this property is located on a high-traffic corner near the University of Texas at El Paso (UTEP). The property is suitable for medical offices, law firms, architecture studios, a gallery, or other professional uses. The grand reception area features original tin ceilings, crown moldings, and hardwood floors. The main building includes 6 rooms, 2 private offices, 5 bathrooms, a kitchen, and a large basement. There are fourteen on-site parking spaces. An additional 1,120 square foot residential structure is located directly behind the main building, featuring 2 bedrooms, 1 full bathroom, a living room, kitchen, laundry room, and garage. This additional structure can be used as a rental, Airbnb, staff housing, security, or additional office space that operates independently from the main building. The property is situated within blocks of area hospitals, a parking garage, bus lines, Downtown, area universities, trolley, and I-10 access. The lot size is 0.28 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Karmin Strain LMT Alternative Medicine Practice Benjamin Clapp MD Physician El Paso Respiratory ... Physician Dr. Benjamin L. ... Physician Aracely Sotelo LMT Alternative Medicine Practice

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    El Paso
    County
    El Paso
    State
    Texas
    Longitude
    -106.496667
    Latitude
    31.770051

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    FAQs

    What type of property is this?
    Office building - Architectural gem near UTEP, suitable for professional uses.
    Where is this office building located?
    The property is located at 1700 MESA Street El Paso, TX.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: High‑traffic corner location near UTEP, ideal for business exposure.; Additional 1,120 SF residential structure for rental, Airbnb, staff housing, or office space.; Fourteen on‑site parking spaces, a rare amenity near downtown.
    (253) 576-5402
    We can help!
    Listing Contact
    Lynn Westbrook
    Lynn Westbrook
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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