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    5860 N Mesa St El Paso, TX 79912

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    5860 N Mesa St El Paso, TX 79912

    View on Map
    • Strip malls
    • 46,383 SF
    • 5.93 lot acres
    For Lease
    $1,745,000
    View Listing →
    Retail Spaces Available on Mesa For Lease
    $1,745,000

    Retail Spaces Available on Mesa

    Retail spaces for lease in shopping center on N. Mesa.

    5860 N Mesa St, El Paso, TX 79912
    View Listing
    Property ID
    US82-3118001
    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

    • Sun Travel Inc / Travel Agency / Tour Operator
    • Maximus / Clothing & Fashion Store
    • Amare Wellness Center / Gym & Fitness Center / Alternative Medicine Practice
    • Nicholas Reyes Hair Salon / Hair Salon
    • SalonCentric / (Bike/Boat/Book/etc) Store / Cosmetic Store

    Property Details for 5860 N Mesa St

    Year built
    2002
    Construction
    CONCRETE BLOCKS
    Lot size
    5.93 lot acres
    Property size
    46,383 SF
    Zone code
    PCS
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    A122-999-0010-0100
    APU
    A12299900100100

    Description

    Shops on Mesa presents a unique opportunity for retail or restaurant businesses seeking high-visibility locations in El Paso County. This single-building retail center offers three available suites, ranging from 1,200 to 1,302 contiguous square feet, within a total building area of 45,605 square feet. Currently, 3,702 square feet are vacant, providing immediate occupancy options for prospective tenants. The minimum divisible space is 1,200 square feet, making it ideal for a variety of businesses. The property's strategic location off North Mesa ensures high foot traffic and excellent visibility. Property taxes are $5.71 per square foot. This is a multi-tenant property offering a chance to establish a presence in a thriving commercial area. The available spaces are perfect for businesses seeking a well-established location with ample space and convenient access. Contact us today to learn more about leasing opportunities and secure your space in this desirable retail center. Don't miss this chance to be part of a vibrant commercial hub in El Paso. The property is conveniently located and offers excellent potential for growth and success.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $2,705,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    El Paso
    County
    El Paso
    State
    Texas
    Longitude
    -106.524
    Latitude
    31.8264
    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
    $102,544
    $2,096,529
    $1,610,471
    $3,707,000
    -
    $2,096,529
    $1,610,471
    $3,707,000

    Comparable in this City

    • Value Estimation
      $890,000
      15,000 SF

      820 Sunland Park Dr

      SHOPPING CENTER, STRIP CENTER • 15,000 SF
      820 Sunland Park Dr, El Paso, TX 79912-5241
      View Details
    • Value Estimation
      $675,000
      10,160 SF

      730 Sunland Park Dr

      SHOPPING CENTER, STRIP CENTER • 10,160 SF
      730 Sunland Park Dr, El Paso, TX 79912-6700
      View Details
    • Value Estimation by Request
      7,223 SF

      745 Mesa Hls Dr

      SHOPPING CENTER, STRIP CENTER • 7,223 SF
      745 Mesa Hls Dr, El Paso, TX 79912-5571
      View Details
    • Value Estimation by Request
      5,000 SF

      5004 Desert Blvd

      SHOPPING CENTER, STRIP CENTER • 5,000 SF
      5004 Desert Blvd, El Paso, TX 79912-1658
      View Details
    • Value Estimation by Request
      3,360 SF

      369 Shadow Mtn Dr

      SHOPPING CENTER, STRIP CENTER • 3,360 SF
      369 Shadow Mtn Dr, El Paso, TX 79912-4053
      View Details
    • Value Estimation by Request
      8,470 SF

      6501 Mesa St

      SHOPPING CENTER, STRIP CENTER • 8,470 SF
      6501 Mesa St, El Paso, TX 79912-4435
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,188 SF

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      Retail property available for sale in El Paso, Texas.
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      30,798 SF

      El Paso Retail Space For Sale

      Retail space available for purchase in El Paso, Texas.
      7145 N Mesa St, El Paso, TX 79912
      View Details
    • $4,250,000
      33,617 SF

      Freestanding Commercial Building in El Paso

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      2,200 SF

      Versatile Commercial Space with Patio

      Adaptable 1,800 sq ft space with 400 sq ft patio.
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      2,385 SF

      El Paso Retail Outparcel Opportunity

      Highly visible retail outparcel suitable for redevelopment or continued carwash use.
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      2,560 SF

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      2560 square foot specialty property in El Paso, Texas.
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    Similar Nearby for Lease

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      West El Paso Retail Complex

      Mixed-use retail shopping complex in affluent west side El Paso.
      251 Shadow Mountain Dr, El Paso, TX 79912
      View Details
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      10,873 SF

      El Paso Retail Space Available

      Retail space available in grocer-anchored community center in El Paso.
      655 Sunland Park Dr, El Paso, TX 79912
      View Details
    • Contact for pricing

      Retail Spaces Available on Mesa

      Retail spaces for lease in shopping center on N. Mesa.
      5860 N Mesa St, El Paso, TX 79912
      View Details
    • Contact for pricing
      4,200 SF

      Retail Space Available For Rent

      3390 square feet retail space for rent.
      5825 N Mesa St, El Paso, TX 79912
      View Details
    • Contact for pricing
      1,154 SF

      Retail Space on Mesa Street

      Retail space available for lease on N Mesa St.
      7100 N Mesa St, El Paso, TX 79912
      View Details
    • Contact for pricing
      1,350 SF

      Retail Space Available For Rent

      Retail space available for lease in El Paso, Texas.
      6110 N Mesa St, El Paso, TX 79912
      View Details
    View Listing
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    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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    5860 N Mesa St, El Paso, TX, 79912

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