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    Property profile & analytics

    209 Mesa St El Paso, TX 79901

    • Retail space
    • 14,290 SF
    • 0.22 lot acres
    For Sale
    View listing
    $4,000,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4632860
    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.

    Current Use by Public Records

    • Naturista Yoshida / Holistic Medicine Practitioner / Alternative Medicine Practitioner

    Property Details for 209 Mesa St

    Year built
    1917
    Lot size
    0.22 lot acres
    Property size
    14,290 SF
    Zone code
    C-5
    Property type
    Retail space
    APN
    M473-999-005A-4100
    APU
    M473999005A4100

    Description

    This exceptional 35,600 square foot retail property, located at 209 N Mesa St in El Paso, Texas, presents a unique investment opportunity. Situated in the heart of El Paso, within El Paso County and zip code 79901, this property boasts a highly desirable C-4 zoning designation, offering unparalleled versatility for a range of commercial uses. The asking price is $4,000,000, translating to a price per square foot of $112.36. The property's size and zoning permit a multitude of uses, including but not limited to bars, restaurants, and shopping centers. Its prime location in a thriving urban center ensures high visibility and accessibility, attracting a large volume of foot traffic and potential customers. The property's blend of historic charm and modern appeal creates an inviting atmosphere, making it an ideal location for businesses seeking to establish a strong presence in a vibrant and growing community. This is a rare opportunity to acquire a substantial retail space in a highly sought-after area of El Paso, offering significant potential for long-term growth and profitability. The property's strategic location at the crossroads of commerce, culture, and community positions it for success in a dynamic urban environment. This property is ready for a new owner to bring their vision to life.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $535,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,039,000
      Market price range: $704k - $1.71M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,220,000
      Current use
      OFFICE BUILDING
      $1,270,000
      Change: +4% Conversion: Easy
      MEDICAL BUILDING
      $1,145,000
      Change: -6% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,135,000
      Change: -7% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    El Paso
    County
    El Paso
    State
    Texas
    Longitude
    -106.488
    Latitude
    31.7589
    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
    $20,267
    $331,975
    $370,235
    $702,210
    -
    $331,975
    $370,235
    $702,210

    Comparable in this City

    • Value Estimation by Request
      1,200 SF

      507 Oregon St

      RETAIL STORES (PERSONAL SERVICES) • 1,200 SF
      507 Oregon St, El Paso, TX 79901-2735
      View Details
    • Value Estimation by Request
      1,400 SF

      1212 Texas Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,400 SF
      1212 Texas Ave, El Paso, TX 79901-1638
      View Details
    • Value Estimation by Request
      7,875 SF

      308 Stanton St

      RETAIL STORES (PERSONAL SERVICES) • 7,875 SF
      308 Stanton St, El Paso, TX 79901
      View Details
    • Value Estimation
      $1,300,000
      34,110 SF

      108 Mls Ave

      RETAIL STORES (PERSONAL SERVICES) • 34,110 SF
      108 Mls Ave, El Paso, TX 79901
      View Details
    • Value Estimation by Request
      2,580 SF

      1614 Texas Ave, Unit A

      RETAIL STORES (PERSONAL SERVICES) • 2,580 SF
      1614 Texas Ave, El Paso, TX 79901-1750
      View Details
    • Value Estimation by Request
      3,054 SF

      2310 Alameda Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,054 SF
      2310 Alameda Ave, El Paso, TX 79901-2102
      View Details

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    Similar Nearby for Lease

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    • $4,000,000
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      Prime Retail Space Available

      Retail space for rent in a high-traffic downtown location.
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      View Details
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    209 Mesa St
    El Paso, TX 79901
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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