El Paso Commercial Building For
For Sale
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4045 N Mesa St, El Paso, TX 79902
21,740 SF commercial building on 1.01 AC for sale.
Property Size21,740 SF
Lot Size1.01 Acres
Price / SF$114
Days on Market1660
Property Features for 4045 N Mesa St
General Information
Standard status
Active
Size
21,740 SF
Lot size
1.01 Acres
Property subtype
Office
Zoning
C-3
Building Details
Buildings
1
Listing Agency:
Cushman & Wakefield | PIRES International
Listed By:
Brett Preston · License #0414041
(915) 893-8888
Source:
Crexi
Added: Apr 6, 2022
Changed: Oct 19
Last Checked: Oct 20 at 9:21PM
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 Cushman & Wakefield | PIRES International
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Investment Insights
Based on property information with market context.
The property features a building with an area of approximately 21,740 square feet, situated on a 1.01-acre site. It is zoned C-3. Real estate taxes for 2021 were $41,557.01. The building includes private offices, a bullpen area, a large conference room, and a warehouse area. The warehouse has a dock-high door and a roll-up door. The property has undergone numerous remodels. It is located within a HUBZone (SBA), an Empowerment Zone (City of El Paso, TX), and a Transportation Reinvestment Zone Parcel (City of El Paso, TX).
Key Highlights
- ±21,740 SF Building on 1.01 AC Site
- Located in HUBZone (SBA), Empowerment Zone & Transportation Reinvestment Zone
- Zoning: C‑3
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$125,591
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,511,820
$2.5M
Cap Rate 7%
$1,794,157
$1.8M
Cap Rate 9%
$1,395,456
$1.4M
Market Conditions
NOI Build-Up for 21,740 SF
Gross rent
$164.4K $7.56/SF
− Vacancy
−$16.6K −$0.76/SF
EGI
$147.8K $6.80/SF
− OpEx
−$22.2K −$1.02/SF
NOI
$125.6K $5.78/SF
Area
El Paso, TX
Vacancy
10.10%
Lease Rate
$7.56 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,511,820
Cap Rate 7%
$1,794,157
Cap Rate 9%
$1,395,456
Alternative Uses
Best Use
Office B
$3.93M
$3.44M – $4.59M
NOI $275,194 @ 7.0% cap · market cap 11.01%
Second Best
Warehouse
$1.79M
$1.57M – $2.09M
NOI $125,591 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$5.45M
$4.77M – $6.36M
NOI $381,784 @ 7.0% cap · market cap 15.27%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
943
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in El Paso, TX
Frequently Asked Questions
What type of property is this?
Office building - 21,740 SF commercial building on 1.01 AC for sale.
Where is this office building located?
The property is located at 4045 N Mesa St El Paso, TX.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: ±21,740 SF Building on 1.01 AC Site; Located in HUBZone (SBA), Empowerment Zone & Transportation Reinvestment Zone; Zoning: C‑3
