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    6006 N Mesa St El Paso, TX 79912
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    Property profile & analytics

    6006 N Mesa St El Paso, TX 79912

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    • Office buildings
    • 73,611 SF
    • 1.63 lot acres
    For Lease
    $6,990,000
    View Listing →
    El Paso Office Space Available For Lease
    $6,990,000
    6,664 SF

    El Paso Office Space Available

    6,664 SF office space available for lease.

    6006 N Mesa St, El Paso, TX
    View Listing
    Property ID
    US82-1968982
    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

    • Texas Title Company / Corporate Office
    • Marcel Hoods, Keller Williams Realty / Real Estate Agency
    • Ep Western Electric inc / HVAC Service / General Contractor
    • Johnson Sammy C CPA / Accounting Firm / Tax Preparation
    • ABSolute FITness Personal Training Studio / Gym & Fitness Center

    Property Details for 6006 N Mesa St

    Year built
    1966
    Lot size
    1.63 lot acres
    Property size
    73,611 SF
    Zone code
    C1
    Property type
    Office buildings
    APN
    C843-999-0010-0200
    APU
    C84399900100200

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $6,250,000
      Market price range: $5.89M - $23.8M

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

    Location Insight

    • Map
    • Local Demand
    City
    El Paso
    County
    El Paso
    State
    Texas
    Longitude
    -106.529
    Latitude
    31.8305
    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
    $89,903
    $588,009
    $2,661,991
    $3,250,000
    -
    $588,009
    $2,661,991
    $3,250,000

    Comparable in this City

    • Value Estimation
      $7,715,000
      44,125 SF

      1015 Belvidere St

      PROFESSIONAL BUILDING • 44,125 SF
      1015 Belvidere St, El Paso, TX 79912-2427
      View Details
    • Value Estimation
      $12,625,000
      80,478 SF

      7730 Market Ctr Ave

      PROFESSIONAL BUILDING • 80,478 SF
      7730 Market Ctr Ave, El Paso, TX 79912-8410
      View Details
    • Value Estimation
      $18,200,000
      104,721 SF

      1945 Northwestern Dr

      PROFESSIONAL BUILDING • 104,721 SF
      1945 Northwestern Dr, El Paso, TX 79912-1108
      View Details
    • Value Estimation
      $5,515,000
      50,880 SF

      500 Mesa Hls Dr

      PROFESSIONAL BUILDING • 50,880 SF
      500 Mesa Hls Dr, El Paso, TX 79912-5686
      View Details
    • Value Estimation
      $525,000
      4,040 SF

      5209 Carousel Dr

      OFFICE BUILDING • 4,040 SF
      5209 Carousel Dr, El Paso, TX 79912-5799
      View Details
    • Value Estimation by Request
      1,750 SF

      222 Bartlett Dr

      OFFICE BUILDING • 1,750 SF
      222 Bartlett Dr, El Paso, TX 79912-1608
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      18,400 SF

      West El Paso Office Building

      Office building in a desirable West El Paso location.
      100 S Alto Mesa Dr, El Paso, TX 79912
      View Details
    • Contact for pricing
      13,040 SF

      Festival Drive Office Development Site

      Development opportunity near Mesa Ave in established El Paso neighborhood.
      154 N Festival Dr, El Paso, TX 79912
      View Details
    • $895,000
      0.42 Acres

      West El Paso Office Building

      Professional office building in West El Paso near I-10.
      545 Redd Rd, El Paso, TX 79912
      View Details
    • $475,000
      Pending

      Move-in Ready El Paso Office

      Well-designed office space in a desirable El Paso location.
      550 S Mesa Hills Dr, El Paso, TX 79912
      View Details
    • Contact for pricing
      2,200 SF

      Versatile Commercial Space with Patio

      Adaptable 1,800 sq ft space with 400 sq ft patio.
      4201 Camelot Hts Dr, El Paso, TX 79912
      View Details
    • Contact for pricing
      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

    Similar Nearby for Lease

    • Contact for pricing
      18,400 SF

      West El Paso Office Building

      18,400 SF office building in a desirable West El Paso location.
      100 South Alto Mesa Dr, El Paso, TX 79912
      View Details
    • Contact for pricing

      West El Paso Office Suites

      Professional office suites in premier West El Paso location.
      110 Mesa Park Dr, El Paso, TX 79912
      View Details
    • Contact for pricing
      6,664 SF

      El Paso Office Space Available

      6,664 SF office space available for lease.
      6006 N Mesa St, El Paso, TX 79912
      View Details
    • Contact for pricing

      Office Space Available for Rent

      Office space available with 1,062 square feet.
      6801 N Mesa St, El Paso, TX 79912
      View Details
    • Contact for pricing
      1,952 SF

      Class A Office Space Available

      Corner office space in Mesa Executive Park for lease.
      118 Mesa Park Dr, El Paso, TX 79912
      View Details
    • $22 SF/Yr
      200 SF

      El Paso Office Space Available

      Office space available for rent in El Paso, Texas.
      5862 Cromo Dr, 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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