Flex Space with Fenced Storage
For Sale
$899,000
1010 Us Highway 80 E, Mesquite, TX 75149
Includes an office building and an 8-foot chain-link fenced yard with an insulated 15-by-30 storage building.
Property Size1,255 SF
Lot Size1.10 Acres
Price / SF$716.33
Days on Market388
Property Features for 1010 Us Highway 80 E
General Information
Standard status
Active
Size
1,255 SF
Lot size
1.10 Acres
Site & Location
Traffic Count
100,000 vehicles/day
Highway Access
Yes
Fenced Yard
Yes
Taxes and HOA fees
Annual Taxes
$5,964
Listing Agency:
EXP REALTY
Listed By:
Robert Owen · License #0703563
(972) 814-4788
Source:
Exprealty
Added: Aug 26, 2025
Changed: Sep 5
Last Checked: Sep 16 at 11:59PM
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 EXP REALTY
Investment Insights
Based on property information with market context.
This for-sale flex space includes a 1,255 SF office building and an 8-foot chain-link security fenced yard designed for storage and on-site operations. The office space features a reception area, a small office for a receptionist, a nice-sized office, and two entrances, providing practical flow for staff and visitors. Outside, there is ample yard area (approximately 1.1 acres) suitable for storage and parking for employees or customers, along with a 15-by-30-foot insulated storage building.
The property is located at 1010 US Highway 80 E in Mesquite, Texas, with the benefit of high traffic exposure cited at over 100,000 vehicles per day and excellent freeway access.
The property is located at 1010 US Highway 80 E in Mesquite, Texas, with the benefit of high traffic exposure cited at over 100,000 vehicles per day and excellent freeway access.
Key Highlights
- 1950‑built 1,255 SF office building with reception area and multiple offices
- 8‑foot chain‑link security‑fenced yard with approximately 1.1 acres for storage and employee/customer parking
- Two entrances to the office building
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
$77,529
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
8.62%
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%
$1,550,580
$1.6M
Cap Rate 7%
$1,107,557
$1.1M
Cap Rate 9%
$861,433
$861.4K
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
$135.5K $108.00/SF
− Vacancy
−$16.3K −$12.96/SF
EGI
$119.3K $95.04/SF
− OpEx
−$41.7K −$33.26/SF
NOI
$77.5K $61.78/SF
Area
Mesquite, TX
Vacancy
12.00%
Lease Rate
$108.00 /SF/Yr
Expense Ratio
35.00%
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%
$1,550,580
Cap Rate 7%
$1,107,557
Cap Rate 9%
$861,433
Alternative Uses
Best Use
Warehouse
$1.51M
$1.32M – $1.77M
NOI $105,999 @ 7.0% cap · market cap 11.79%
Second Best
Industrial
$1.25M
$1.09M – $1.45M
NOI $87,293 @ 7.0% cap · market cap 9.71%
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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
100,000 VPD
Traffic count
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
773
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Includes an office building and an 8-foot chain-link fenced yard with an insulated 15-by-30 storage building.
Where is this flex space 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: 1950‑built 1,255 SF office building with reception area and multiple offices; 8‑foot chain‑link security‑fenced yard with approximately 1.1 acres for storage and employee/customer parking; Two entrances to the office building
