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    4th-Floor Office Space in Historic Building Title is generated by Realmo AI

    310 N Mesa Street, El Paso, TX 79901

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    For Lease
    $1,650/Mo $18 SF/Yr (calc)

    COMMERCIAL - El Paso, TX

    Property size:
    1,100 SF
    Lot size:
    0.72 Acres
    Added:
    Feb 10, 2026
    Days on Market:
    118
    Last Refresh:
    Jun 8 at 3:06 am

    Property Features for 310 N Mesa Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    C5
    Parking
    2
    Fireplace
    1
    Standard status
    Active
    APN
    M47399900303300
    Size
    1,100 SF
    Lot size
    0.72 Acres

    Taxes and HOA fees

    Tax Description
    3 MILLS 16 TO 18

    Utilities

    Heating system
    Forced Air

    Building Details

    Floors in Building
    1

    We can help!

    Listing Contact
    Diana V Verdugo

    Listing agent Diana V Verdugo License #0594176

    Listing office Center Real Estate 310 N Mesa Suite #402, El Paso, TX

    Listing date Feb 10, 2026

    MLS# 937978

    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

    • All utilities included in monthly lease payment of $1,650, offering predictable costs.
    • Prime downtown El Paso location in the historic Cortez Building, across from San Jacinto Plaza.
    • Two included parking cards in a shaded garage with 24/7 access; additional cards available.
    • Prestigious address with excellent walkability to restaurants, retail, and city amenities.
    • 1,100 SF office space is move‑in ready.
    • Located on the 4th floor.

    Overview

    Office space measuring 1,100 SF is available for lease in the historic Cortez Building, located on the 4th floor. The space is offered as-ready office accommodations suitable for professional use, with monthly costs simplified by utilities being included.

    The building is in downtown El Paso at 310 N Mesa Street, directly across from San Jacinto Plaza. The location supports convenient access to area restaurants, retail, and city amenities, with the property’s setting built around walkability.

    Tenant logistics are supported by included parking arrangements: two parking cards in a shaded parking garage with 24/7 access. Additional parking cards are available if needed. With the combined benefits of utilities included, on-site garage access, and an established downtown office address, this space can fit teams that want a straightforward operating cost structure and practical day-to-day access for employees and visitors.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cake on the plaza Bakery El Paso Towing's ... Auto Parts Store Selling915 Real Estate Agency Ochoa Consulting Consultant Center Real Estate Real Estate Agency

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Law Firm Auto Repair Shop Hair Salon Nail Salon

    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
    -106.487889
    Latitude
    31.760088

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    FAQs

    What type of property is this?
    Office units - Fourth-floor office space with utilities included and dedicated parking access for efficient downtown operations.
    Where is this office units located?
    The property is located at 310 N Mesa Street El Paso, TX.
    What is the lease rate?
    The lease rate is $1,650 /Mo.
    What are key features of this property?
    This property features: All utilities included in monthly lease payment of $1,650, offering predictable costs.; Prime downtown El Paso location in the historic Cortez Building, across from San Jacinto Plaza.; Two included parking cards in a shaded garage with 24/7 access; additional cards available.
    (915) 240-2137
    We can help!
    Listing Contact
    Diana V Verdugo
    Real Estate License ID: 0594176
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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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