Second-Floor Office
For Sale
Contact for pricing
1675 Republic Parkway #201B, Mesquite, TX 75150
The suite includes a dedicated training and conference room alongside several private offices.
Property Size27,156 SF
Price / SF$0.33
Days on Market12
Property Features for 1675 Republic Parkway #201B
General Information
Standard status
Active
Size
27,156 SF
Elevators
Yes
Property subtype
Office
Zoning
PD-C
Additional Details
Floor
2
Property Use
Office
Amenities
training and conference room
multiple private offices
reception
conference
windows
blinds
monument sign
common restrooms
Building Details
Year Built
2005
Stories
2
Construction
brick concrete
Listing Agency:
Magnorum Realty Services, LLC
Listed By:
James McDonald
(817) 487-7728
Source:
Magnorumrealty
Added: Oct 19
Changed: Oct 28
Last Checked: Oct 28 at 3:49PM
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 Magnorum Realty Services, LLC
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Investment Insights
Based on property information with market context.
This 4,006.3-square-foot office suite occupies the second floor at 1675 Republic Parkway, Suite 201B, in Mesquite. Its layout includes several private offices, a reception area, and a training and conference room. The building has an elevator, shared restrooms, and was built in 2005.
The property is near Dallas Regional Medical Center and I-30. It is zoned PD-C; permitted uses should be verified with the City of Mesquite.
The property is near Dallas Regional Medical Center and I-30. It is zoned PD-C; permitted uses should be verified with the City of Mesquite.
Key Highlights
- 4,006.3 SF on the second floor
- Training and conference room, multiple private offices, and reception area
- Elevator building with common restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,559,405
Suggested Prices Based on Cap Rates
Cap Rate 5%
$31,188,100
$31.2M
Cap Rate 7%
$22,277,214
$22.3M
Cap Rate 9%
$17,326,722
$17.3M
Market Conditions
NOI Build-Up for 27,156 SF
Gross rent
$2.78M $102.36/SF
− Vacancy
−$700.5K −$25.79/SF
EGI
$2.08M $76.57/SF
− OpEx
−$519.8K −$19.14/SF
NOI
$1.56M $57.42/SF
Area
Mesquite, TX
Vacancy
25.20%
Lease Rate
$102.36 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$31,188,100
Cap Rate 7%
$22,277,214
Cap Rate 9%
$17,326,722
Alternative Uses
Best Use
Healthcare Medical
$24.58M
$21.51M – $28.68M
NOI $1,720,604 @ 7.0% cap · market cap 19,086.01%
Second Best
Office B
$22.28M
$19.49M – $25.99M
NOI $1,559,405 @ 7.0% cap · market cap 17,297.89%
Theoretical Best
Specialty Retail
$72.86M
$63.75M – $85.00M
NOI $5,100,184 @ 7.0% cap · market cap 56,574.42%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
526
Businesses Nearby
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Business Placement
Demographics for 75150, TX
64,654
Population
24,892
Households
2.6
Avg Household Size
34
Median Age
20%
College-Educated
80%
High-School Grad
12.6 sq mi
ZIP Area
5,131
Density / Sq Mi
$65,985
Median Household Income
$38,301
Median Earnings
$1,387
Median Rent
$221,000
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - The suite includes a dedicated training and conference room alongside several private offices.
Where is this office unit located?
The property is located at 1675 Republic Parkway #201B Mesquite, TX.
What are key features of this property?
This property features: 4,006.3 SF on the second floor; Training and conference room, multiple private offices, and reception area; Elevator building with common restrooms
