5411 Mesa StEl Paso, TX 79912

  • Retail properties
  • 80,730 SF
For Lease

Property Details for 5411 Mesa St

Year built
1975
Lot size
4.33 AC
Property size (Sq ft)
80,730 SF
Zone code
C1
Property type
Retail properties
Property subtype
Community centers
APN
X215-999-0000-7520
APU
X21599900007520

Description

Pepper Tree Square Shopping Center, located at 5411 N Mesa St, El Paso, TX 79912, offers exceptional retail, office, and special purpose space for lease. This landmark El Paso property boasts high visibility on N. Mesa Street, a busy thoroughfare with over 38,000 vehicles passing daily. The single, two-story building comprises 85,132 square feet, with 18 suites available. Currently, 14,679 square feet of space is vacant, offering flexible options ranging from 2,434 to 12,245 contiguous square feet. Ideal for specialty retail, entertainment, or creative office businesses, the property features a 9'-11' ceiling height and ample parking with 217 spaces. The property sits on 4.33 acres of land and is zoned C-1 SC. Built in 1975, the building is classified as Class C. Its convenient location in the West El Paso submarket, near N. Festival Dr., provides excellent access and exposure. The property's APN is 149988. This is a prime opportunity to establish a presence in a high-traffic area of El Paso.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $11,758,605
    6.5%
    $10,854,097
    7%
    $10,078,805
  • Comparable approach

    Method
    Valuation
    Relative Method
    $33,852,348
    Geo Method
    $33,852,348
  • Alternative Use

    Use
    Valuation
    Residential
    $9,155,837
    Hospitality
    $8,386,698
    Educational
    $6,977,634
    Medical
    $7,217,606
    Retail
    $10,854,097
5411 Mesa St, El Paso, Texas

Location Insight

City
El Paso
County
El Paso
State
Texas
Latitude
31.8186
Longitude
-106.518
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
$103,734
$1,397,630
$2,352,370
$3,750,000
-
$1,397,630
$2,352,370
$3,750,000

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