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    OFF-MARKET
    Office Spaces

    1800 Mesa St, El Paso, TX 79902

    18,283 SF
    Property ID
    Property summary
    AI-generated overview

    This exceptional Class A, 18,283-square-foot medical office building in El Paso, Texas, presents a compelling investment opportunity. Located at 1800 N. Mesa St., this fee-simple property boasts a 100% occupancy rate with four tenants, averaging over 10 years of tenancy. The building, originally constructed in 1967 and extensively renovated in 2009, features two stories and sits on a 30,135-square-foot lot zoned A-O. The property includes 66 parking spaces, 14 of which are covered, providing ample parking for tenants and visitors. Tenet Health Corporation occupies a significant portion of the space (10,600 square feet). The building enjoys a high-profile location across from a major medical district, anchored by prominent hospitals, and benefits from high traffic counts exceeding 21,000 vehicles daily. Its strategic position at the signalized intersection of Mesa Street (State Highway 20) and Rim Road offers excellent visibility and accessibility. The property is minutes from the University of Texas at El Paso, downtown El Paso, and Interstate Highway 10. The asking price is $4,875,000, representing a compelling cap rate of 6.81% and a price per square foot of $266.64. The Net Operating Income (NOI) is $332,000, reflecting the strong financial performance of this stabilized investment. This is a NNN lease type.

    Property profile
    Verified
    Property type Office Spaces
    Total area 18,283 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Gutknecht Michael MD Physician Medical Clinic
    • Mayra Melendez, FNP-C Physician
    • Sonia Rebeles, MD Physician
    • Dr. Shawn R. Gorden, MD Physician
    • Dr. Bruce P. Foreman, MD Physician
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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