Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    310 N Mesa St El Paso, TX 79901
    Back to Search
    Property profile & analytics

    310 N Mesa St El Paso, TX 79901

    View on Map
    • Commercial real estate
    • 135,198 SF
    • 0.72 lot acres
    For Lease
    $1,650/Mo
    View Listing →
    Downtown El Paso Office Space For Lease
    $1,650/Mo
    1,100 SF

    Downtown El Paso Office Space

    Office space for lease in historic Cortez Building.

    310 N Mesa Street, El Paso, TX 79901
    View Listing
    Property ID
    US82-3151003
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Cake on the plaza / Bakery / Specialty Food Shop
    • El Paso Towing's Service / Auto Parts Store
    • Selling915 / Real Estate Agency
    • Ochoa Consulting / Consultant
    • Center Real Estate / Real Estate Agency

    Property Details for 310 N Mesa St

    Year built
    1965
    Lot size
    0.72 lot acres
    Property size
    135,198 SF
    Zone code
    C5
    Property type
    Commercial real estate
    APN
    M473-999-0030-3300
    APU
    M47399900303300

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    El Paso
    County
    El Paso
    State
    Texas
    Longitude
    -106.488
    Latitude
    31.7601
    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
    $130,923
    $1,560,000
    $2,976,125
    $4,536,125
    -
    $1,560,000
    $2,976,125
    $4,536,125

    Comparable in this City

    • Value Estimation by Request
      0.04 Acres

      410 3rd Ave

      COMMERCIAL (GENERAL) • 0.04 Acres
      410 3rd Ave, El Paso, TX 79901
      View Details
    • Value Estimation by Request
      0.07 Acres

      514 Mesa St

      COMMERCIAL (GENERAL) • 0.07 Acres
      514 Mesa St, El Paso, TX 79901-2714
      View Details
    • Value Estimation by Request
      0.07 Acres

      1005 Mesa St

      COMMERCIAL (GENERAL) • 0.07 Acres
      1005 Mesa St, El Paso, TX 79901
      View Details
    • Value Estimation by Request
      0.11 Acres

      325 Missouri Ave

      COMMERCIAL (GENERAL) • 0.11 Acres
      325 Missouri Ave, El Paso, TX 79901
      View Details
    • Value Estimation by Request
      0.06 Acres

      1012 Paisano Dr

      COMMERCIAL (GENERAL) • 0.06 Acres
      1012 Paisano Dr, El Paso, TX 79901
      View Details
    • Value Estimation by Request
      0.14 Acres

      1917 Magoffin Ave

      COMMERCIAL (GENERAL) • 0.14 Acres
      1917 Magoffin Ave, El Paso, TX 79901
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Medical/Professional Office For Sale/Lease

      Class A medical/professional office space available for sale or lease.
      1125 Texas Ave, El Paso, TX 79901
      View Details
    • $589,900
      4,158 SF

      Historic Multifamily in San Francisco District

      Historic 8-unit multifamily property in El Paso's San Francisco District.
      515 8Th Ave, El Paso, TX 79901
      View Details
    • Contact for pricing
      73,224 SF

      Commercial Property in El Paso

      Commercial property with 73,224 square feet of space.
      119 N Stanton St, El Paso, TX 79901
      View Details
    • $1,250,000
      143.00 Acres

      Remodeled Commercial Building in El Paso

      Leased commercial building with four units near courthouse and jail.
      700 E Overland Ave, El Paso, TX 79901
      View Details
    • $295,000
      2,543 SF

      Recently Renovated Five-Unit Multifamily Property

      Recently renovated five-unit multifamily property, fully occupied, generating $2,600 revenue.
      709 South Virginia St, El Paso, TX 79901
      View Details
    • $97,000
      0.09 Acres

      Downtown El Paso Hotel Business

      Rare hotel business opportunity in the heart of Downtown El Paso.
      500 W San Francisco Ave, El Paso, TX 79901
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Spaces Available for Rent

      Retail spaces ranging from 1,121 to 6,000 SqFt available.
      104 S El Paso St, El Paso, TX 79901
      View Details
    • Contact for pricing
      10,188 SF

      Downtown El Paso Office Space

      Office space with conversion potential near downtown and I-10.
      215 N Stanton St, El Paso, TX 79901
      View Details
    • Contact for pricing
      1,959 SF

      Retail Space Available For Lease

      1959 SF retail space available for lease.
      212 E Mills Ave, El Paso, TX 79901
      View Details
    • Contact for pricing
      1,250 SF

      Commercial Space Available for Rent

      Commercial property with 1250 square feet available for rent.
      501 S Campbell St, El Paso, TX 79901
      View Details
    • $7 SF/Yr
      28,750 SF

      El Paso Flex Warehouse

      Flex warehouse with office space and high ceilings available for rent.
      2401 Alameda Ave, El Paso, TX 79901
      View Details
    • $6,000 /Mo
      8,276 SF

      El Paso Commercial Flex Space

      Centrally located office/warehouse/showroom with C-4 zoning in El Paso.
      410 S Santa Fe St, El Paso, TX 79901
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    310 N Mesa St
    El Paso, TX 79901
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    310 N Mesa St, El Paso, TX, 79901
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!