Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    3800 N Mesa St El Paso, TX 79902

    Property Lookup

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

    3800 N Mesa St El Paso, TX 79902

    View on Map
    • Commercial real estate
    • 23,516 SF
    • 6.38 lot acres
    For Lease
    $4,170,000
    View Listing →
    Retail Spaces in Busy Center For Lease
    $4,170,000

    Retail Spaces in Busy Center

    Retail spaces available in a busy shopping center.

    3800 N Mesa St, El Paso, TX 79902
    View Listing
    Property ID
    US82-2705690
    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

    • The UPS Store / Courier Service / Postal Service
    • University Vision Center: Ellis John L OD / Physician
    • Miguel Serrato - State Farm Insurance Agent / Insurance Agency
    • Anytime Fitness / Gym & Fitness Center
    • Cedar Entertainment & Event Productions / Marketing & Advertising / Event Planning

    Property Details for 3800 N Mesa St

    Year built
    1987
    Construction
    WOOD
    Lot size
    6.38 lot acres
    Property size
    23,516 SF
    Zone code
    C1
    Property type
    Commercial real estate
    APN
    U485-999-0010-0100
    APU
    U48599900100100

    Description

    University Hill Plaza, located at 3800 N Mesa St in El Paso, Texas, 79902, offers exceptional retail opportunities. This single-story, 55,280 square foot building features four suites, with 10,950 square feet currently vacant. Ideal for a variety of retail or restaurant uses, the property offers flexible space options, with a minimum divisible space of 1,200 square feet and a maximum contiguous space of 5,600 square feet. The property's prime location in a busy shopping center off N Mesa Street ensures high visibility and foot traffic. The property is situated in El Paso County and benefits from a convenient location within the 79902 zip code. Annual property taxes are $6.17 per square foot. This is a fantastic opportunity for businesses seeking high-traffic retail space in a thriving El Paso location. Contact us today to learn more about the available spaces and lease terms. The property is easily accessible and offers ample parking for customers and employees. This is a rare opportunity to secure prime retail space in a desirable area of El Paso.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,655,000
      6.5%
      $4,300,000
      7%
      $3,990,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $4,042,000
      Market price range: $1.20M - $4.04M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $5,270,000
      RESTAURANT
      $3,400,000
      AUTO REPAIR, GARAGE
      $3,155,000
      RETAIL STORES
      $3,015,000

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

    Location Insight

    • Map
    • Local Demand
    City
    El Paso
    County
    El Paso
    State
    Texas
    Longitude
    -106.506
    Latitude
    31.7871
    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
    $133,239
    $3,127,842
    $1,688,794
    $4,816,636
    -
    $3,127,842
    $1,688,794
    $4,816,636

    Comparable in this City

    • Value Estimation by Request
      0.19 Acres

      920 Wyoming Ave

      COMMERCIAL MISC • 0.19 Acres
      920 Wyoming Ave, El Paso, TX 79902
      View Details
    • Value Estimation by Request
      0.10 Acres

      1813 Yandell Dr

      COMMERCIAL (GENERAL) • 0.10 Acres
      1813 Yandell Dr, El Paso, TX 79902
      View Details
    • Value Estimation by Request
      0.07 Acres

      810 Virginia St

      COMMERCIAL (GENERAL) • 0.07 Acres
      810 Virginia St, El Paso, TX 79902
      View Details
    • Value Estimation by Request
      0.32 Acres

      1114 Campbell St

      COMMERCIAL MISC • 0.32 Acres
      1114 Campbell St, El Paso, TX 79902
      View Details
    • Value Estimation by Request
      0.09 Acres

      Kansas St

      COMMERCIAL (GENERAL) • 0.09 Acres
      Kansas St, El Paso, TX 79902
      View Details
    • Value Estimation
      $1,635,000
      9,207 SF

      1620 Mesa St

      COMMERCIAL (GENERAL) • 9,207 SF
      1620 Mesa St, El Paso, TX 79902-3550
      View Details

    Similar Nearby for Sale

    • $3,750,000

      Land with Downtown Views

      Rare land parcel offering stunning downtown views.
      1621 Golden Hill Ter, El Paso, TX 79902
      View Details
    • $140,000
      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
    • Contact for pricing
      6,000 SF

      Commercial Property Near Downtown

      Commercial property near downtown with business potential and parking.
      1112 Yandell Dr, El Paso, TX 79902
      View Details
    • $380,000
      2,396 SF

      El Paso Multifamily Investment Property

      Two-story multifamily property in El Paso's historic district.
      El Paso, TX 79902
      View Details
    • $598,350
      0.07 Acres

      El Paso Commercial Office Space

      Move-in ready office space near downtown El Paso.
      814 Wyoming Ave, El Paso, TX 79902
      View Details
    • $475,000
      0.14 Acres

      El Paso Multifamily Investment Opportunity

      Nine-unit multifamily property zoned for apartments or office space.
      1101 E Rio Grande Ave, El Paso, TX 79902
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Two-Story Building with Covered Parking

      Two-story building for lease with covered parking and great location.
      4401 N Mesa St, El Paso, TX 79902
      View Details
    • Contact for pricing

      El Paso Retail & Restaurant Space

      Prime retail and restaurant spaces in a vibrant El Paso location.
      2900 N Mesa St, El Paso, TX 79902
      View Details
    • $12 SF/Yr

      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
    • $800 /Mo
      150 SF

      Professional Office Suites Near Downtown

      Professional office suites available near downtown, ideal for various practices.
      701 N Saint Vrain St, El Paso, TX 79902
      View Details
    • Contact for pricing
      60,815 SF

      Prime Commercial Land For Lease

      High-visibility commercial land in a dynamic El Paso district.
      910 Wyoming Ave, El Paso, TX 79902
      View Details
    • $4,300 /Mo
      3,049 SF

      Modernized Commercial Workplace with Offices

      Sleek, secure, and fully modernized commercial workplace with 10 offices.
      1528 Yandell Dr, El Paso, TX 79902
      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.
    3800 N Mesa St
    El Paso, TX 79902
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!