Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3501 Gus Thomasson Rd Mesquite, TX 75150

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space with easy access and exterior renovations underway.

    Property size:
    1,381 SF
    Lot size:
    8.52 Acres

    Property Features for 3501 Gus Thomasson Rd

    General Information

    Size
    1,381 SF
    Lot size
    8.52 Acres

    We can help!

    Listing Contact
    Scott Eiting
    Source: Moodyscre

    Listing Agent: Scott Eiting

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Retail Space with High Visibility

    This 1381 square foot retail space offers excellent visibility and signage opportunities. Exterior renovations are currently underway. The property provides convenient access to I-30, I-635, and Highway 80.
    Location Intelligence

    Current Use by Public Records

    United States Postal ... Post Office Premier Injury Clinics ... Medical Clinic Dr. Trang T. ... Dentist Firestone Complete Auto ... Tire Shop 3:16 Auto Glass Auto Glass Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Mesquite
    County
    Dallas
    State
    Texas
    Longitude
    -96.635712
    Latitude
    32.8127617

    Nearby Similar for Lease

    • $2,450 /Mo
      1,525 SF

      Mesquite Office with Live-Work Potential

      Office space with live-work potential, great access, ready for occupancy.
      5115 N Galloway Ave N, Mesquite, TX 75150
      View Details
    • $2,000 /Mo
      4,356 SF

      Medical Office Condo For Rent

      Medical office condo with high visibility and ample parking.
      1050 N Beltline Rd Rd, Mesquite, TX 75149
      View Details
    • $3,000 /Mo
      4,356 SF

      Medical Office Condo For Rent

      Medical condo with high visibility and ample parking.
      1050 N Beltline Rd Rd, Mesquite, TX 75149
      View Details
    • $3,125 /Mo
      37,026 SF

      New Construction Retail/Office/Medical Space

      New construction in Mesquite, TX suitable for retail, office, or medical.
      955 W Cartwright Rd, Mesquite, TX 75149
      View Details
    • $9,900 /Mo
      89,124 SF

      Mesquite Retail/Office Opportunity

      Versatile retail or office space with ample parking in Mesquite.
      2920 Motley Dr, Mesquite, TX 75150
      View Details
    • $13,000 /Mo
      89,124 SF

      Versatile Commercial Space, Mesquite, TX

      Adaptable space suitable for office, retail, or institutional use.
      2920 Motley Dr, Mesquite, TX 75150
      View Details
    • Contact for pricing
      203,488 SF

      High-Quality Industrial Facility Available

      203,488 SF warehouse and office space for lease.
      2800 Us Highway 80, Mesquite, TX 75149
      View Details
    • Contact for pricing
      5,729 SF

      Retail Space Near Walmart

      Retail spaces available in high-traffic area near national retailers.
      2033 Military Pkwy, Mesquite, TX 75149
      View Details
    • $4,700 /Mo
      33,846 SF

      Mesquite Retail Space Available

      Commercial space for rent in a high-traffic Mesquite location.
      2031 N Galloway Ave, Mesquite, TX 75149
      View Details
    • Contact for pricing

      Grocery Anchored Shopping Center Space

      Neighborhood shopping center in Mesquite, Texas, anchored by Tom Thumb.
      1120 E Cartwright Rd, Mesquite, TX 75149
      View Details
    • Contact for pricing
      157,873 SF

      Mesquite Warehouse with Highway Frontage

      157,873 SF warehouse with trailer parking and highway frontage.
      352 & Long Crk Rd -, Mesquite, TX 75149
      View Details
    • Contact for pricing
      294,500 SF

      Mesquite Warehouse with Ample Parking

      294,500 SF warehouse with trailer and outside storage.
      352 & Long Crk Rd, Mesquite, TX 75149
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space with easy access and exterior renovations underway.
    Where is this retail space located?
    The property is located at 3501 Gus Thomasson Rd Mesquite, TX.
    What are key features of this property?
    This property features: - Easy access to I-30, I-635, and Highway 80; - Excellent visibility; - Signage available
    (972) 354-8060
    Request Owner's contact information
    3501 Gus Thomasson Rd Mesquite, TX 75150
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3501 Gus Thomasson Rd
    Mesquite, TX 75150
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    3501 Gus Thomasson Rd Mesquite, TX 75150
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Scott Eiting
    (972) 354-8060
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.