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

    4700 Mesa St El Paso, TX 79912

    • Strip malls
    • 24,260 SF
    • 1.76 lot acres
    For Lease
    View listing
    Value Estimations
    $865,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-1817800
    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

    • Mesa Norte / Shopping Mall
    • Sun City Income Tax Services / Tax Preparation Service
    • House of Beauty by Sandra Lozano / Hair Salon
    • Sun City Echoes LLC / Tax Preparation Service / Accountant
    • RV International Grocery / Indian Grocery Store / Gourmet Grocery Store

    Property Details for 4700 Mesa St

    Year built
    1985
    Lot size
    1.76 lot acres
    Property size
    24,260 SF
    Zone code
    C3
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    L624-999-0040-8100
    APU
    L62499900408100

    Description

    Mesa Norte Plaza offers exceptional office space for lease in a thriving mixed-use shopping center. Two suites are currently available, ranging from 821 to 1200 square feet, perfect for businesses seeking a prominent location. The property boasts a highly visible position on Mesa Street, between Executive Center Boulevard and Castellano Street, just a block from the future freeway exit at Mesa Park and Mesa Street, and a short distance from the Montecillo Development. This strategic location provides excellent exposure to high traffic volume and easy access to Interstate-10 and the Express Loop via Executive Center Boulevard. The surrounding area is a blend of medical-professional office buildings, commercial establishments, and residential properties, creating a diverse and vibrant community. Mesa Norte Plaza is a well-established center with a mix of retail, medical, and daycare tenants, some of whom have been long-term occupants for over 15 years. The C3 zoning allows for a variety of commercial uses. The property's multiple tenancy structure offers a dynamic and collaborative environment. This is an unparalleled opportunity to establish your business in a high-demand area with exceptional visibility and convenient access to major transportation routes. Contact us today to schedule a viewing and secure your ideal office space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $795,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $933,000
      Market price range: $933k - $1.82M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,415,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    El Paso
    County
    El Paso
    State
    Texas
    Longitude
    -106.509
    Latitude
    31.8034
    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
    $36,542
    $705,724
    $615,276
    $1,321,000
    -
    $705,724
    $615,276
    $1,321,000

    Comparable in this City

    • Value Estimation
      $885,000
      16,715 SF

      690 Sunland Park Dr

      SHOPPING CENTER, STRIP CENTER • 16,715 SF
      690 Sunland Park Dr, El Paso, TX 79912-5114
      View Details
    • Value Estimation
      $940,000
      21,979 SF

      6330 Mesa St

      SHOPPING CENTER, STRIP CENTER • 21,979 SF
      6330 Mesa St, El Paso, TX 79912-4564
      View Details
    • Value Estimation
      $560,000
      11,130 SF

      125 Thunderbird Dr

      SHOPPING CENTER, STRIP CENTER • 11,130 SF
      125 Thunderbird Dr, El Paso, TX 79912-4541
      View Details
    • Value Estimation
      $525,000
      9,600 SF

      965 Resler Dr

      SHOPPING CENTER, STRIP CENTER • 9,600 SF
      965 Resler Dr, El Paso, TX 79912-1417
      View Details
    • Value Estimation by Request
      7,500 SF

      5867 Mesa St

      SHOPPING CENTER, STRIP CENTER • 7,500 SF
      5867 Mesa St, El Paso, TX 79912-4677
      View Details
    • Value Estimation by Request
      5,124 SF

      5901 Mesa St

      SHOPPING CENTER, STRIP CENTER • 5,124 SF
      5901 Mesa St, El Paso, TX 79912-4684
      View Details

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    Similar Nearby for Lease

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      1,000 SF

      Retail Space Available For Rent

      1000 square feet of retail space for rent.
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    • Contact for pricing
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      Retail Space Available For Rent

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      Retail/Warehouse Space with High Ceilings

      Retail or warehouse space available on the West Side.
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      1,350 SF

      Retail Space Available For Rent

      Retail space available for lease in El Paso, Texas.
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      View Details
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    4700 Mesa St
    El Paso, TX 79912
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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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