Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land Available in Mesquite, Texas Title is generated by Realmo AI

    120 Phillip, Mesquite, TX 75149

    View on Map
    Claim this Listing
    For Sale
    $315,000

    Land for sale in Mesquite, across from Munchies Store.

    Type:Land
    Added:
    Dec 22, 2025
    Days on Market:
    165
    Last Refresh:
    Mar 16 at 8:23 am

    Property Features for 120 Phillip

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Belinda Epps
    Belinda Epps

    Listing agent Belinda Epps License #0363894

    Listing office Epps Realty, LLC

    Listing date Dec 22, 2025

    Source Evrealestate

    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 Epps Realty, LLC

    HighLights

    • Located on E. Davis.
    • Property is across the street from Munchies Store.
    • Located in Dallas County.
    • Easy access from 635 North.
    • Exit Military Pkwy.
    • Fencing: None.

    Overview

    Located in Mesquite, Texas, this land is accessible from 635 North via the Military Parkway exit, which turns into E. Davis. The property is situated across the street from Munchies Store in Dallas County.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Mesquite
    County
    Dallas
    State
    Texas
    Longitude
    -96.588147
    Latitude
    32.765872

    Nearby Similar for Sale

    • $900,000
      1,984 SF

      Restaurant with Drive-Thru

      Updated restaurant with drive-thru service, covered patio seating, and a sizable parking area in a revitalizing retail corridor.
      4717 Gus Thomasson Road, Mesquite, TX 75150
      View Details
    • $1,100,000

      Commercial Land with Approved Car Wash Permit

      Approved special permit for an oil change facility and car wash supports a faster path to development near I-635.
      1700 Oates Drive, Mesquite, TX 75150
      View Details
    • $730,000

      Brick Multi-Use Office/Retail Building

      Brick property with on-site parking and flexible space options for retail, office, or multi-use investors.
      4915 Gus Thomasson Road, Mesquite, TX 75150
      View Details
    • $1,580,000

      Commercial Land with Dual Road Access

      5-acre site zoned General Retail with road frontage on two streets and city water and sewer availability for flexible development.
      2700 Motley Drive, Mesquite, TX 75150
      View Details
    • $750,000

      Former Daycare Building Opportunity

      Former daycare facility offers multiple classrooms, patio, and a sizable outdoor play area with convenient access to major Hwy 80.
      2291 Tradewind Drive, Mesquite, TX 75150
      View Details
    • $295,000

      Renovated Medical Office Condo

      Updated medical condo office with reception, four exam rooms, and ADA restroom, plus convenient rear parking access.
      1050 N Belt Line Road, Mesquite, TX 75149
      View Details
    • $350,000

      Interstate-Front Corner Commercial Land

      Commercially zoned corner site with freeway visibility and utility access for retail, church, or minor automotive repair development.
      2390 Interstate 30, Mesquite, TX 75150
      View Details
    • $315,000

      Retail Development Land with City Prework

      Shovel-ready retail development with approved plans, utilities, and transit-area visibility for owner-users and investors.
      120 Phillip, Mesquite, TX 75149
      View Details
    • $299,900

      Commercial Land Zoned for Development

      Zoned commercial site in an established trade area with flexible use possibilities for owner users and investors.
      1 Hyde Park Drive, Mesquite, TX 75150
      View Details
    • $799,999

      Mixed-Use Development Land

      2.2-acre mixed-use commercial site with feasibility study options supporting apartments and retail concepts.
      4737 Gus Thomasson Road, Mesquite, TX 75150
      View Details
    • $375,000

      General Retail Zoned Commercial Land

      High-visibility lot with strong daily traffic and roadway access, offering flexibility for retail and investor development plans.
      1607 E Scyene Road, Mesquite, TX 75149
      View Details
    • $200,000

      High-Visibility Commercial Land Parcel

      Commercially zoned land at a busy I-20 service road intersection, offering strong visibility for retail and service concepts.
      3511 Mckenzie Road, Mesquite, TX 75181
      View Details

    FAQs

    What type of property is this?
    Land - Land for sale in Mesquite, across from Munchies Store.
    Where is this land located?
    The property is located at 120 Phillip Mesquite, TX.
    What is the asking price?
    The asking price for this property is $315,000.
    What are key features of this property?
    This property features: Located on E. Davis.; Property is across the street from Munchies Store.; Located in Dallas County.
    (972) 896-4958
    We can help!
    Listing Contact
    Belinda Epps
    Belinda Epps
    Real Estate License ID: 0363894
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    120 Phillip, Mesquite, TX 75149
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!