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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3500 Mesa St El Paso, TX 79902-2048

    • Strip malls
    • 9,180 SF
    • 0.56 lot acres
    OFF-MARKET
    Value Estimations
    $585,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2836197
    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

    • Terry Jimenez - State Farm Insurance Agent / Home Insurance Agency / Life Insurance Agency
    • Mesa Street Salon / Beauty Salon / Nail Salon
    • Bryan's Green Care CBD Products / Herbal Medicine Store
    • Dona Tota Gorditas / Restaurant
    • Bag Shop / Bag Shop

    Property Details for 3500 Mesa St

    Year built
    1974
    Construction
    CONCRETE BLOCKS
    Lot size
    0.56 lot acres
    Property size
    9,180 SF
    Zone code
    C1
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    K216-999-056A-0100
    APU
    K216999056A0100

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $515,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $656,000
      Market price range: $388k - $743k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $590,000
      Current use
      MEDICAL BUILDING
      $955,000
      Change: +63% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $950,000
      Change: +62% Conversion: Easy
      OFFICE BUILDING
      $735,000
      Change: +25% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    El Paso
    County
    El Paso
    State
    Texas
    Longitude
    -106.506
    Latitude
    31.7853
    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
    $22,799
    $305,263
    $518,933
    $824,196
    -
    $305,263
    $518,933
    $824,196

    Comparable in this City

    • Value Estimation
      $540,000
      8,640 SF

      4224 Mesa St

      SHOPPING CENTER, STRIP CENTER • 8,640 SF
      4224 Mesa St, El Paso, TX 79902-1104
      View Details
    • Value Estimation
      $1,260,000
      24,321 SF

      2400 Mesa St

      SHOPPING CENTER, STRIP CENTER • 24,321 SF
      2400 Mesa St, El Paso, TX 79902-3344
      View Details
    • Value Estimation by Request
      6,027 SF

      3434 Mesa St

      SHOPPING CENTER, STRIP CENTER • 6,027 SF
      3434 Mesa St, El Paso, TX 79902-2046
      View Details
    • Value Estimation
      $1,335,000
      35,044 SF

      3233 Mesa St

      SHOPPING CENTER, STRIP CENTER • 35,044 SF
      3233 Mesa St, El Paso, TX 79902-2337
      View Details
    • Value Estimation
      $540,000
      14,062 SF

      601 Cotton St

      SHOPPING CENTER, STRIP CENTER • 14,062 SF
      601 Cotton St, El Paso, TX 79902-5727
      View Details
    • Value Estimation by Request
      1,652 SF

      716 Montana Ave

      SHOPPING CENTER, STRIP CENTER • 1,652 SF
      716 Montana Ave, El Paso, TX 79902-5306
      View Details

    Similar Nearby for Sale

    • $200,000
      3,490 SF

      Retail Property on Mesa Street

      Retail property for sale with 3490 square feet.
      4001 N Mesa St, El Paso, TX 79902
      View Details
    • $399,898
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      El Paso Commercial Opportunity

      Two-story commercial property with high visibility and versatile potential.
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      Versatile commercial property near downtown and international bridges.
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    • $385,000
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      El Paso Commercial Property

      Commercial property near downtown El Paso with business potential.
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    • Contact for pricing
      6,646 SF

      El Paso Office Buildings For Sale

      Two charming, remodeled office buildings.
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      View Details
    • $1,350,000
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      El Paso Courtyard Apartment Complex

      Twelve-unit apartment complex in central El Paso near downtown.
      1401 St N, El Paso, TX 79902
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,000 SF

      Prime Kern Place Medical Office Space

      10,000 SF Medical Office - Available Now
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      View Details
    • Contact for pricing
      4,550 SF

      El Paso Retail Space: Mesa Street

      Prime Retail/Restaurant Space Available
      2900 Mesa St, El Paso, TX 79902
      View Details
    • $3,000 /Mo
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      El Paso Commercial Opportunity

      Two-story commercial property with high visibility and versatile space.
      1331 Wyoming Ave, El Paso, TX 79902
      View Details
    • $950 /Mo
      436 SF

      Versatile Commercial Space in El Paso

      Prime commercial/residential space in central El Paso with high visibility.
      1101 E Yandell Dr, El Paso, TX 79902
      View Details
    • $12 SF/Yr
      24,620 SF

      Retail Space on Mesa Street

      Retail space for lease in a well-located building complex.
      4009 North Mesa St, El Paso, TX 79902
      View Details
    • Contact for pricing
      1,980 SF

      Montana Ave Retail Spaces

      El Paso retail spaces, high visibility.
      1700 Montana Ave, El Paso, TX 79902
      View Details
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    3500 Mesa St
    El Paso, TX 79902-2048
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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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