Medical Office
For Sale
Contact for pricing
1701 N Mesa St, El Paso, TX 79902
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 Market117
Property Features for 1701 N Mesa St
General Information
Standard status
Active
Size
6,658 SF
Class
B
Property subtype
Office
Zoning
AO
Building Details
Year Built
1915
Year Renovated
2012
Buildings
1
Stories
3
Listing Agency:
Anchor Point Commercial
Listed By:
Michael Reyes · License #812598
(915) 422-2242
Source:
Crexi
Added: May 12
Changed: Sep 3
Last Checked: Sep 1 at 7:08AM
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
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$86,288
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.50%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,725,760
$1.7M
Cap Rate 7%
$1,232,686
$1.2M
Cap Rate 9%
$958,756
$958.8K
Market Conditions
NOI Build-Up for 6,658 SF
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.
Gross rent
$159.8K $24.00/SF
− Vacancy
−$16.0K −$2.40/SF
EGI
$143.8K $21.60/SF
− OpEx
−$57.5K −$8.64/SF
NOI
$86.3K $12.96/SF
Area
El Paso, TX
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,725,760
Cap Rate 7%
$1,232,686
Cap Rate 9%
$958,756
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,102
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79902, TX
20,071
Population
9,752
Households
2.1
Avg Household Size
38
Median Age
39%
College-Educated
81%
High-School Grad
6.5 sq mi
ZIP Area
3,088
Density / Sq Mi
$45,333
Median Household Income
$33,495
Median Earnings
$777
Median Rent
$223,300
Median Home Value
Market
Vacancy Rate% for Office in El Paso, TX
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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
