Add Listing
    For Lease
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    118 Mesa Park Dr El Paso, TX

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Corner office space in Mesa Executive Park for lease.

    Type:OFFICE
    Property size:
    1,952 SF
    Lot size:
    2.66 Acres
    Added:
    Jan 1, 2019
    Days on Market:
    2676
    Last Refresh:
    Apr 5 at 8:17 pm

    Property Features for 118 Mesa Park Dr

    General Information

    Standard status
    Active
    Size
    1,952 SF
    Lot size
    2.66 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 118 Mesa Park Dr Contact us

    We can help!

    Listing Contact
    Patrick Gordon
    Patrick Gordon

    Listing agent Patrick Gordon

    Listing office Vista Star Realty LLC

    Listing date Jan 1, 2019

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Vista Star Realty LLC

    Overview

    Class A Office Space Available

    Located at the corner of N. Mesa and Mesa Park Drive, this office space is situated within Mesa Executive Park, which features nine Class A garden-style red brick office buildings. The available space is currently in shell condition. Ample parking is available on site. Monument signs are located on Mesa Street and Mesa Park Drive. The property has a size of 1952 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    About Vista Star Real Estate Agency Maurine Cox, PC Accounting Firm Rogers David a CPA Accounting Firm

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center 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
    -106.511
    Latitude
    31.8044

    Nearby Similar for Lease

    • $695/Mo

      Professional Office Space Available

      Modern office spaces with all-inclusive amenities in El Paso, TX.
      10105 Montwood Drive unit: C, El Paso, TX 79925
      View Details
    • $4,500/Mo

      Adaptable Commercial Space in El Paso

      Versatile commercial space with restaurant infrastructure and outdoor area.
      2600 N Piedras Street, El Paso, TX 79930
      View Details
    • $750/Mo

      Professional Office Suite in El Paso

      Executive office suite with amenities in West El Paso.
      5915 Silver Springs Drive unit: 5, El Paso, TX 79912
      View Details
    • $3,700/Mo

      Versatile Commercial Space Near Downtown

      Prime corner property ideal for retail, office, warehouse, or automotive.
      1500 WYOMING Avenue, El Paso, TX 79902
      View Details
    • $3,400/Mo

      Versatile Commercial Space in El Paso

      4200 sq ft storefront suitable for retail, office, hospitality.
      112 S MESA Street, El Paso, TX 79901
      View Details
    • $550/Mo

      El Paso Professional Office Space

      Modern office space with amenities in a high-traffic location.
      10105 MONTWOOD Drive unit: D, El Paso, TX 79925
      View Details
    • $1,080/Mo

      El Paso Office Space For Rent

      Unique, budget-friendly office space near I-10 and Downtown El Paso.
      2001 MAGOFFIN Avenue, El Paso, TX 79901
      View Details
    • $2,850/Mo

      Remodeled Commercial Space on Montana

      Versatile, remodeled commercial space on Montana Ave, El Paso, TX.
      4506 Montana Avenue, El Paso, TX 79903
      View Details
    • $5,000/Mo

      El Paso Commercial/Industrial Property

      Flexible commercial/industrial space for lease in East El Paso.
      12851 VETA RICA Avenue, El Paso, TX 79938
      View Details
    • $3,000/Mo

      High-Visibility Endcap in El Paso

      2,000 SF endcap ideal for medical or professional use.
      9533 DYER Street, El Paso, TX 79924
      View Details
    • $5,633/Mo

      Turn-Key Dental Office in El Paso

      Ready-to-use dental office in West El Paso, available February 2026.
      545 E REDD Road unit: B, El Paso, TX 79912
      View Details
    • $1,085/Mo

      Central El Paso Office Space

      Well-maintained office space in a prime central El Paso location.
      1527 BROWN Street unit: B-2, El Paso, TX 79902
      View Details

    FAQs

    What type of property is this?
    Office units - Corner office space in Mesa Executive Park for lease.
    Where is this office units located?
    The property is located at 118 Mesa Park Dr El Paso, TX.
    What are key features of this property?
    This property features: Class A garden‑style office building.; Located on the corner of N. Mesa and Mesa Park Drive.; Ample on‑site parking.
    (915) 479-0373 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Patrick Gordon
    Patrick Gordon
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!