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    Mesquite Retail Space For Lease Title is generated by Realmo AI

    3733 W Emporium Cir, Mesquite, TX

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    30,000 SF retail space in Mesquite's retail hub.

    Type:RETAIL
    Property size:
    20,118 SF
    Lot size:
    4.88 Acres
    Added:
    Sep 13, 2024
    Days on Market:
    626
    Last Refresh:
    May 20 at 9:18 pm

    Property Features for 3733 W Emporium Cir

    General Information

    Standard status
    Active
    Size
    20,118 SF
    Lot size
    4.88 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 3733 W Emporium Cir Contact us

    We can help!

    Listing Contact
    Nick Virani
    Nick Virani

    Listing agent Nick Virani License #481728

    Listing office CenterPoint Commercial Properties

    Listing date Sep 13, 2024

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of CenterPoint Commercial Properties

    HighLights

    • Prime location in Mesquite's bustling retail corridor near Town East Mall with high visibility and foot traffic.
    • Easy access to I‑635 and I‑30, providing convenient transportation and a 20‑minute drive to downtown Dallas.
    • Large 30,000 SF single‑story commercial space suitable for various business needs.
    • Ample parking with 282 spaces and a high parking ratio of 6.57/1,000 SF.
    • LEED Silver certification, indicating sustainable and efficient building design.
    • 100% HVAC coverage and an overhead dock door for enhanced operational functionality.

    Overview

    Located in the retail corridor of Mesquite, this single-story property offers commercial space with access to I-635 and I-30, approximately 20 minutes from downtown Dallas. Originally built as a retail big-box in 1996 and transformed into a career college in 2010, the building is LEED Silver-certified and features 100% HVAC. The property includes an overhead dock door and parking with 282 spaces. Situated near Town East Mall, the location benefits from high visibility and foot traffic in Mesquite’s main retail hub. The property has a parking ratio of 6.57/1,000 SF.
    Property Profile Location Intelligence

    Current Use by Public Records

    Premium Health Medical Clinic Premier High School ... High School

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Mesquite
    County
    Dallas
    State
    Texas
    Longitude
    -96.6261
    Latitude
    32.8158

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    FAQs

    What type of property is this?
    Retail space - 30,000 SF retail space in Mesquite's retail hub.
    Where is this retail space located?
    The property is located at 3733 W Emporium Cir Mesquite, TX.
    What are key features of this property?
    This property features: Prime location in Mesquite's bustling retail corridor near Town East Mall with high visibility and foot traffic.; Easy access to I‑635 and I‑30, providing convenient transportation and a 20‑minute drive to downtown Dallas.; Large **30,000 SF single‑story commercial space** suitable for various business needs.
    (214) 762-9863 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Nick Virani
    Nick Virani
    Real Estate License ID: 481728
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    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
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