115 Mesa St El Paso, TX 79901-2301
Property profile & analytics
115 Mesa St El Paso, TX 79901-2301
- Commercial real estate
- 7,400 SF
- 0.10 lot acres
Property ID
US82-4734060
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Mirage Beauty Boutique / Hair Salon
- ward certified / Consultant
- Abdou Building / Tour Operator
- CONDOFFICE / Advertising Agency / Marketing & Advertising
- imarket / Grocery & Convenience Store / Food Market
Property Details for 115 Mesa St
- Year built
- 1965
- Lot size
- 0.10 lot acres
- Property size
- 7,400 SF
- Zone code
- C-5
- Property type
- Commercial real estate
- APN
- M473-999-005B-8100
- APU
- M473999005B8100
Description
This exceptional seven-story, mixed-use building in El Paso, Texas presents a rare investment opportunity. Boasting approximately 27,000 square feet on a 0.09-acre lot, this Class A property is currently 100% leased, offering immediate cash flow. The building, constructed in 1909 and extensively renovated in 1919, features 15 units and a diverse tenant mix including a restaurant, storefront retail, and apartment units. The ground floor is anchored by Chelitos, a commercial tenant with a 10-year lease, providing strong long-term stability. The property benefits from a highly desirable C-5H zoning designation. Its prime location in El Paso offers exceptional visibility and accessibility, with high traffic counts on nearby N. Mesa Street (6,465 VPD), E. San Antonio Avenue (625 VPD), and S. Oregon Street (2,765 VPD) (Source: TxDOT AADT 2023). Furthermore, its proximity to major international bridges—approximately 0.9 miles from the Santa Fe International Bridge and 0.8 miles from the Stanton Bridge—provides significant advantages. This stabilized investment is a truly unique opportunity for discerning buyers. Contact us today to discuss pricing and further details.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $620,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,465,000
- 6.5%
- $1,350,000
- 7%
- $1,255,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,038,000
Market price range: $263k - $1.04M -
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $1,660,000
- RESTAURANT
- $1,075,000
- AUTO REPAIR, GARAGE
- $995,000
- OFFICE BUILDING
- $660,000
- RETAIL STORES
- $630,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- El Paso
- County
- El Paso
- State
- Texas
- Longitude
- -106.487
- Latitude
- 31.7586
- CBSA code
- 21340
- CBSA name
- EL PASO, TX METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$34,635
$177,202
$1,022,798
$1,200,000
-
$177,202
$1,022,798
$1,200,000
