Technical
Financial
Distress signals
Property profile

3500 Mesa St El Paso, TX 79902

OFF-MARKET
Strip malls
Property ID
US82-2836197
9,180 SF 0.56 ac lot Built 1974
Individually Owned Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

Mesa Village, located at 3500 N Mesa St, El Paso, TX 79902, presents a prime retail opportunity. This 1,800 square foot space is part of a larger 9,180 square foot neighborhood center, offering excellent visibility and accessibility. The property boasts a convenient drive-thru, a significant advantage for many retail businesses. Situated in El Paso County, within a C4 zoned area, this location benefits from established neighboring businesses, including Baskin Robbins and other retailers, ensuring high foot traffic and brand synergy. The building itself was constructed in 1974 and underwent a complete renovation in 2023, guaranteeing modern amenities and a fresh aesthetic. The single suite space is ideal for a variety of retail concepts, providing ample room for inventory, display, and customer interaction. This is a turnkey opportunity for a business seeking a well-located, updated retail space in a thriving El Paso neighborhood. The property's strategic location and recent renovation make it an exceptional investment for a discerning entrepreneur. The total building comprises 9,180 square feet, with the available space representing a significant portion of the center. This presents a chance to establish a strong presence in a well-established commercial area. The property's address is easily accessible and highly visible, ensuring maximum exposure for your business.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1974
Construction CONCRETE BLOCKS
Total area 9,180 SF
Lot 0.56 ac (24,420 SF)
Zoning code C1
APN K216-999-056A-0100
UPID US82-2836197

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Insurance Agency
  • Hair Salon
  • Specialty Food Shop
  • Restaurant
  • (Bike/Boat/Book/etc) Store

Location

3500 Mesa St El Paso, TX 79902-2048
El Paso metro Census 1501 EL PASO, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$515k
CAP Approach CAP
by Request
Comparable Approach Comparable
$657k
Blend (final) Blend
$515k

Owner & transaction history

1 recorded transaction
1969
Price N/A

Zoning & alternative use

C1 · El Paso, TX
Top alternative use upside
Medical building $955,000 +62.8%
Commercial (general) $950,000 +61.9%
Office building $735,000 +25.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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