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    2698 Galloway Ave Mesquite, TX 75150

    For Sale
    $4,000,000

    High-yield medical office building in Mesquite, TX.

    Property size:
    17,178 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This exceptional 17,178 square foot medical office building, situated on a 1.36-acre lot at 2698 N Galloway Avenue in Mesquite, Texas, presents a compelling investment opportunity. Currently boasting an 8% capitalization rate, the property features three master leases providing immediate income. Three additional vacant units offer significant potential for increased revenue through lease-up. The building's established tenant base comprises various medical disciplines, ensuring a stable and diverse income stream. The property's prime location in Mesquite provides excellent visibility and accessibility for patients and staff. The building's attractive design and well-maintained condition further enhance its appeal to both tenants and investors. This is an ideal acquisition for investors seeking a strong return on investment with the potential for future appreciation. The property's current occupancy and lease structure offer immediate cash flow, while the vacant units provide a clear path to enhance profitability. The 1.36-acre lot offers ample parking and potential for future expansion. This is a rare opportunity to acquire a high-performing medical office building in a thriving Texas market. Financial details are available upon request. Serious inquiries only.

    Property Features for 2698 Galloway Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    17,178 SF
    Lot Size
    59,242 SF

    Building Details

    Year Built
    2003
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Jeremiah Kassahun Sisay Internist Terrell Orthopedic Clinic Orthopedic Surgeon Suresh Margassery - Dallas ... Nephrologist Cancer Center Associates Professional Services Antonio Barksdale MD ... Family Practice Physician

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mesquite
    County
    Dallas
    State
    Texas
    Longitude
    -96.61001
    Latitude
    32.80124

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    FAQs

    What type of property is this?
    Office Property Space - High-yield medical office building in Mesquite, TX.
    Where is this office property space located?
    The property is located at 2698 Galloway Ave Mesquite, TX.
    What is the asking price?
    The asking price for this property is $4,000,000.
    Request Owner's contact information
    2698 Galloway Ave Mesquite, TX 75150
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    Mesquite, TX 75150
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    Realmo Value Estimation

    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.

    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.

    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
    2698 Galloway Ave Mesquite, TX 75150
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