Office Building with Fenced
For Sale
$899,000
1010 US Highway 80 E, Mesquite, TX 75149
CommercialSale, Mesquite, TX
Property Size1,255 SF
Lot Size0.56 Acres
Price / SF$716.33
Days on Market87
Property Features for 1010 US Highway 80 E
General Information
Property type
Commercial Sale
Property subtype
Retail
Subdivision
W Foreman Surv Abs 486
Directions
Use GPS
Standard status
Active
APN
65048676010230000
Lot size
0.56 Acres
Taxes and HOA fees
Tax Description
WILLIAM FOREMAN ABST 486 PG 760 TR 23 ACS 0.5
Tax Annual Amount
5964
Legal Description
WILLIAM FOREMAN ABST 486 PG 760 TR 23 ACS 0.5
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Building Details
Year built
1950
Floors in Building
1
Number of units
2
Flooring type
Laminate
Roof type
Composition
Listing Agency:
EXP REALTY
(888) 519-7431
Listed By:
Robert Owen · License #0703563
(888) 519-7431
Added: Jun 7
Changed: Aug 21
Last Checked: Sep 1 at 9:06AM
MLS# 21042787
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This office property includes a reception area, a dedicated receptionist office, a larger private office, and two entrances. The site also includes an 8 ft chain link fenced yard with space designated for storage and employee or customer parking, along with a 15 X 30 ft insulated storage building. Interior and building features include laminate flooring, electric heat, central air, a composition roof, and public sewer.
The property is located at 1010 US Highway 80 E in Mesquite, Texas. The surrounding highway corridor is reported to carry over 100,000 vehicles per day, and the site offers access to US Highway 80. Built in 1950, the office provides a combination of enclosed work areas and secured outdoor storage space.
The property is located at 1010 US Highway 80 E in Mesquite, Texas. The surrounding highway corridor is reported to carry over 100,000 vehicles per day, and the site offers access to US Highway 80. Built in 1950, the office provides a combination of enclosed work areas and secured outdoor storage space.
Key Highlights
- 8 ft chain link fenced yard for storage and employee or customer parking
- 15 X 30 ft insulated storage building
- Reception area, receptionist office, and larger private office
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$72,067
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.02%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,441,340
$1.4M
Cap Rate 7%
$1,029,529
$1.0M
Cap Rate 9%
$800,744
$800.7K
Market Conditions
NOI Build-Up for 1,255 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$128.5K $102.36/SF
− Vacancy
−$32.4K −$25.79/SF
EGI
$96.1K $76.57/SF
− OpEx
−$24.0K −$19.14/SF
NOI
$72.1K $57.42/SF
Area
Mesquite, TX
Vacancy
25.20%
Lease Rate
$102.36 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,441,340
Cap Rate 7%
$1,029,529
Cap Rate 9%
$800,744
Alternative Uses
Best Use
Office B
$1.03M
$900.8K – $1.20M
NOI $72,067 @ 7.0% cap · market cap 8.02%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.37M
$2.95M – $3.93M
NOI $235,702 @ 7.0% cap · market cap 26.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
773
Businesses Nearby
Explore this area
Business Placement
Demographics for 75149, TX
60,317
Population
21,058
Households
2.9
Avg Household Size
33
Median Age
15%
College-Educated
78%
High-School Grad
16.0 sq mi
ZIP Area
3,770
Density / Sq Mi
$70,629
Median Household Income
$37,080
Median Earnings
$1,408
Median Rent
$207,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office improvements include multiple work areas, two entrances, and a separate insulated storage building.
Where is this office building located?
The property is located at 1010 US Highway 80 E Mesquite, TX.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 8 ft chain link fenced yard for storage and employee or customer parking; 15 X 30 ft insulated storage building; Reception area, receptionist office, and larger private office
