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    Property profile & analytics

    6306 Mesa St El Paso, TX 79912-4522

    • Bars
    • 4,611 SF
    • 0.63 lot acres
    OFF-MARKET
    Value Estimations
    $480,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-1943660
    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

    • Tequila Mockingbyrd / Bar & Grill

    Property Details for 6306 Mesa St

    Year built
    1970
    Lot size
    0.63 lot acres
    Property size
    4,611 SF
    Zone code
    C3
    Property type
    Bars
    Property subtype
    Pubs
    APN
    X214-999-000C-5000
    APU
    X214999000C5000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $490,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $334,000
      Market price range: $334k - $913k

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

    Location Insight

    • Map
    • Local Demand
    City
    El Paso
    County
    El Paso
    State
    Texas
    Longitude
    -106.533
    Latitude
    31.8326
    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
    $19,329
    $431,600
    $267,136
    $698,736
    -
    $431,600
    $267,136
    $698,736

    Comparable in this City

    • Value Estimation
      $270,000
      5,775 SF

      124 Shadow Mtn Dr

      BAR, TAVERN • 5,775 SF
      124 Shadow Mtn Dr, El Paso, TX 79912
      View Details
    • Value Estimation
      $360,000
      2,523 SF

      1831 Northwestern Dr

      BAR, TAVERN • 2,523 SF
      1831 Northwestern Dr, El Paso, TX 79912-1123
      View Details
    • Value Estimation
      $305,000
      3,414 SF

      109 Castellano Dr

      NIGHTCLUB (COCKTAIL LOUNGE) • 3,414 SF
      109 Castellano Dr, El Paso, TX 79912-6107
      View Details
    • Value Estimation by Request
      92,000 SF

      1571 Resler Dr

      Community centers • 92,000 SF
      1571 Resler Dr, El Paso, TX 79912
      View Details
    • Value Estimation
      $490,000
      3,779 SF

      5866 Mesa St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,779 SF
      5866 Mesa St, El Paso, TX 79912-4608
      View Details
    • Value Estimation
      $520,000
      10,092 SF

      7420 Mesa St

      RESTAURANT • 10,092 SF
      7420 Mesa St, El Paso, TX 79912-3504
      View Details

    Similar Nearby for Sale

    • $400,000
      0.25 Acres

      Established Restaurant in Montecillo Area

      Turnkey restaurant and bar in El Paso's popular Montecillo.
      4935 N Mesa St, El Paso, TX 79912
      View Details
    • $4,750,000
      7,188 SF

      El Paso Retail Property

      Retail property available for sale in El Paso, Texas.
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      Gresham Town Fair Retail Space

      Prime Gresham retail, multiple suites available.
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    • $320,000
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      Charming Home in Quiet Cul-de-Sac

      Three-bedroom home with modern kitchen, bonus room, and no HOA.
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    • $1,957,650
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      Prime Commercial Land on I-10

      1.5 acres of commercial land with I-10 frontage.
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      Land for custom dream home in El Paso community.
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    Similar Nearby for Lease

    • Contact for pricing
      3,500 SF

      Montecillo Restaurant/Bar Opportunity

      El Paso Restaurant, 3500 sq ft, 1.8 acres
      4935 Mesa St, El Paso, TX 79912
      View Details
    • $120 SF/Yr
      80,000 SF

      Sunland Park Family Entertainment Center

      80,000 SF, 5 Acres, High Traffic
      0 Sunland Park Dr, El Paso, TX 79912
      View Details
    • $35 SF/Yr
      6,098 SF

      El Paso Commercial Space Available

      Restaurant/Retail/Office space with high visibility and outdoor patio.
      340 Vin Rambla Dr, El Paso, TX 79912
      View Details
    • Contact for pricing
      92,000 SF

      Canyons at Cimarron: Retail/Office Space

      Prime El Paso Retail & Office Opportunity
      1571 Resler Dr, El Paso, TX 79912
      View Details
    • Contact for pricing
      5,400 SF

      Century Plaza Medical Offices

      Prime El Paso Medical Space Available
      5857 Mesa St, El Paso, TX 79912
      View Details
    • $15 SF/Yr
      33,321 SF

      Lomas Coronado Office Space

      El Paso, TX Office Building - 3600 sq ft
      6100 Mesa St, El Paso, TX 79912
      View Details

    Property Visit Statistics

    • Visits by month
      10.2k
    • Visitors by month
      7.5k
    • Avg Time on site
      12 min
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    6306 Mesa St
    El Paso, TX 79912-4522
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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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