7620 Mesa StEl Paso, TX 79912

Property Details for 7620 Mesa St

Year built

1992

Construction

WOOD

Lot size

1.70 AC

Property size (Sq ft)

51,560 SF

Zone code

C3S

Property type

Hospitality properties

Property subtype

Hotels

APN

M327-999-0040-0175

APU

M32799900400175

Description

This exceptional 103-key hotel presents a compelling value-add investment opportunity in El Paso, Texas. The four-story property, situated on a 1.68-acre lot at 7620 N Mesa St, El Paso, TX 79912, boasts interior corridors for enhanced guest security and privacy. Built in 1992 and renovated in 2008, the hotel offers a strong foundation for future growth. Its prime location provides convenient access to key attractions, including El Paso International Airport (an 18-minute drive), Sunland Park Mall (4 minutes), Sunland Park Racetrack and Casino (5 minutes), and the Viva El Paso shows at McKelligon Canyon (12 miles). The property currently generates a Net Operating Income (NOI) of $576,962, resulting in an attractive 10.03% capitalization rate. Priced at $5,750,000, or $55,825 per key, this hotel represents a significant opportunity for investors seeking strong returns in a thriving hospitality market. The property is zoned for commercial use. This is a rare chance to acquire a well-located, established hotel with significant upside potential. The property's strong performance and strategic location make it an ideal addition to any investment portfolio.

• CAP approach

  CAP return

  Valuation

  6%

  $5,802,712

  6.5%

  $5,356,350

  7%

  $4,973,754

• Comparable approach

  Method

  Valuation

  Relative Method

  $20,162,022

  Geo Method

  $20,162,022

• Alternative Use

  Use

  Valuation

  Residential

  $5,847,578

  Hospitality

  $5,356,350

  Educational

  $4,456,420

  Medical

  $4,609,684

  Retail

  $6,932,210

Location Insight

City

El Paso

County

El Paso

State

Texas

Latitude

31.84

Longitude

-106.568

CBSA code

21340

CBSA name

EL PASO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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