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Property profile & analytics
OFF-MARKET Estimated value $585,000
Strip malls

3500 Mesa St El Paso, TX 79902-2048

9,180 SF 0.56 ac lot Built 1974
Individually Owned Absentee Owner ~ Est. High Equity
Property ID
US82-2836197
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Terry Jimenez - State Farm Insurance Agent Insurance Agency
  • Mesa Street Salon Hair Salon
  • Bryan's Green Care CBD Products Specialty Food Shop
  • Dona Tota Gorditas Restaurant
  • Bag Shop (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$515k
CAP Approach CAP
by Request
Comparable Approach Comparable
$657k
Blend (final) Blend
$585k
Owner & transaction history
Norman G Haddad
Norman G Haddad
1 recorded transaction
1969
Price N/A
Zoning & alternative use
C1 · El Paso, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $955,000 +62.8%
Commercial (general) $950,000 +61.9%
Office building $735,000 +25.0%
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