Medical Office
1701 N Mesa St El Paso, TX 79902
1701 N Mesa St, El Paso, TX, 79902
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For Sale
Contact for pricing
Well-maintained 6,658 SF medical office building with exam rooms and private offices, currently owner-occupied.
Property Size6,658 SF
Price / SF$172.72
Days on Market72
Property Features for 1701 N Mesa St
General Information
- Standard status
- Active
- Size
- 6,658 SF
- Property subtype
- Office
Building Details
- Year Built
- 1915
Listing agency
Anchor Point Commercial
(915) 422-2242
Listed by
Michael Reyes · License #812598
Source
Crexi
Added: May 12 Updated: Jul 21 at 11:00PM Checked: Jul 21 at 11:00PM
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 Anchor Point Commercial
Investment Insights
Based on property information with market context.
Well-maintained medical office building totaling 6,658 SF, currently 100% owner-occupied. The space is fully built out for medical use, including exam rooms, private offices, and a reception and waiting area, supporting an owner-user without new tenant improvement costs. The second floor is currently unused, offering room for expansion, leasing, or repositioning depending on the next owner’s plan.
The property is located along N Mesa St in West El Paso and benefits from strong visibility in a high-traffic corridor. It is positioned near UTEP, surrounding medical providers, and established residential neighborhoods, supporting consistent demand for medical services.
Available in a for-sale structure that may allow delivery vacant or with a short-term leaseback, the building provides flexibility for buyers seeking either immediate occupancy changes or interim income during transition.
The property is located along N Mesa St in West El Paso and benefits from strong visibility in a high-traffic corridor. It is positioned near UTEP, surrounding medical providers, and established residential neighborhoods, supporting consistent demand for medical services.
Available in a for-sale structure that may allow delivery vacant or with a short-term leaseback, the building provides flexibility for buyers seeking either immediate occupancy changes or interim income during transition.
Key Highlights
- Well‑maintained 6,658 SF medical office building built in 1915
- Currently 100% owner‑occupied; can be delivered vacant or with a short‑term leaseback
- Fully built out for medical use with exam rooms, private offices, and a reception/waiting area
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $159.8k | $24.00 |
| − Vacancy | −$16.0k | −$2.40 |
| EGI | $143.8k | $21.60 |
| − OpEx | −$57.5k | −$8.64 |
| NOI | $86.3k | $12.96 |
6,658 SF · lease $24.00/SF/yr · vacancy 10.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.23M
$1.08M – $1.44M
NOI $86,288 @ 7.0% cap · market cap 7.50%
Second Best
Office B
$1.20M
$1.05M – $1.40M
NOI $84,280 @ 7.0% cap · market cap 7.33%
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $116,924 @ 7.0% cap · market cap 10.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Theodore & Sons Plumbing
Plumbing Service
Dr. Patricio A. Pazmino, ...
Physician
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FAQs
What type of property is this?
Medical Office Space - Well-maintained 6,658 SF medical office building with exam rooms and private offices, currently owner-occupied.
Where is this medical office space located?
The property is located at 1701 N Mesa St El Paso, TX.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Well‑maintained 6,658 SF medical office building built in 1915; Currently 100% owner‑occupied; can be delivered vacant or with a short‑term leaseback; Fully built out for medical use with exam rooms, private offices, and a reception/waiting area
