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Property profile & analytics
OFF-MARKET Estimated value $985,000
Drug stores

201 Mesa St El Paso, TX 79901-1305

35,091 SF 0.27 ac lot Built 1914
Entity Owned 17-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US82-3691924
Property summary
AI-generated overview

This exceptional 11,761 square foot office building, situated on a 0.27-acre lot at the hard corner of Mesa Street and Texas Avenue, presents a unique investment opportunity. Built in 1914, this single-tenant property boasts a prominent location in El Paso's vibrant Central submarket, offering excellent visibility and accessibility. The building comprises approximately 11,100 square feet on the first floor, 9,900 square feet on the second floor, and an additional 14,091 square feet in the basement, totaling approximately 35,091 square feet. The property features 98 feet of frontage on N Mesa Street and benefits from a signalized traffic light at the intersection. Its C5 H zoning allows for a variety of uses. The strategic location offers unparalleled access to key area attractions, including San Jacinto Plaza, El Paso Museum of Art, Southwest University Park, and numerous theaters and entertainment venues. Furthermore, its proximity to City Hall, the streetcar route, bus stops, hotels, restaurants, banks, and parking options enhances its appeal. The property is conveniently located approximately 13.6 miles from El Paso International Airport. This exceptional property is offered at $4,000,000.

Property profile
Verified
Property type Drug stores
Use group DRUG STORE, PHARMACY
Year built 1914
Total area 35,091 SF
Lot 0.27 ac (11,609 SF)
Zoning code C5
APN M473-999-005A-0100
UPID US82-3691924
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
  • CDReload - Online Bitcoin ATM Crypto Atm Atm
  • UPS Access Point location Courier Service Postal Service
  • Coinhub Bitcoin ATM Teller Atm
  • MoneyGram Bank Credit Union
  • Thomse Cheap Car Insurance of Texas Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.85M
Blend (final) Blend
$985k
Owner & transaction history
River Oaks Properties Ltd · 17 yrs held
River Oaks Properties Ltd
since 2008
1 recorded transaction
2008
Price N/A
Zoning & alternative use
C5 · El Paso, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source code of ordinances
Top alternative use upside
Restaurant $5.1M +70.5%
Auto repair, garage $4.7M +57.4%
Office building $3.1M +4.4%
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