El Paso Commercial Building For
4045 N Mesa St El Paso, TX 79902
4045 N Mesa St, El Paso, TX, 79902
Contact for pricing
For Sale
Contact for pricing
21,740 SF commercial building on 1.01 AC for sale.
Property Size21,740 SF
Lot Size1.01 Acres
Price / SF$114
Days on Market1565
Property Features for 4045 N Mesa St
General Information
- Standard status
- Active
- Size
- 21,740 SF
- Lot size
- 1.01 Acres
- Property subtype
- Office
Listing Agency
Cushman & Wakefield PIRES International
(915) 893-8888
Listed by
Brett Preston · License #20383
Source
Crexi
Added: Apr 6, 2022 Checked: Jul 17 at 10:58 am
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
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
Local Financial Insights For Warehouse
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 | $164.4k | $7.56 |
| − Vacancy | −$16.6k | −$0.76 |
| EGI | $147.8k | $6.80 |
| − OpEx | −$22.2k | −$1.02 |
| NOI | $125.6k | $5.78 |
21,740 SF · lease $7.56/SF/yr · vacancy 10.10% · expense 15.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
News Radio 690 ...
Radio Station
Khey
Radio Station
Sunny 99.9
Radio Station
KPRR
Radio Station
iHeartMedia
Marketing & Advertising
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FAQs
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
