Second-Floor Office
For Sale
Contact for pricing
1675 Republic Parkway #201A, Mesquite, TX 75150
The suite combines an open work area with enclosed offices and a reception area.
Property Size27,156 SF
Price / SF$0.28
Days on Market17
Property Features for 1675 Republic Parkway #201A
General Information
Standard status
Active
Size
27,156 SF
Elevators
Yes
Property subtype
Office
Zoning
PD-C
Space & Availability
Floor
2
Condition
Built-Out
Additional Details
Highway Access
Yes
Property Use
General Office
Amenities
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: Nov 3
Last Checked: Nov 4 at 8:31AM
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.
Located at 1675 Republic Parkway, Suite 201A, this 3,326.7 SF office occupies the second floor of a two-story brick-and-concrete building constructed in 2005. Its layout includes an open work area, four private offices, a reception area, windows, and blinds. The building has elevator service and shared restrooms, with parking and a monument sign on site.
The property is near Dallas Regional Medical Center and I-30. It is zoned PD-C; permitted uses should be confirmed 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 confirmed with the City of Mesquite.
Key Highlights
- 3,326.7 SF on the second floor
- Four private offices, open work area, and reception area
- Windows and blinds in the suite
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
Office B
$22.28M
$19.49M – $25.99M
NOI $1,559,405 @ 7.0% cap · market cap 20,830.95%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$72.86M
$63.75M – $85.00M
NOI $5,100,184 @ 7.0% cap · market cap 68,129.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
526
Businesses Nearby
Explore this area
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 combines an open work area with enclosed offices and a reception area.
Where is this office unit located?
The property is located at 1675 Republic Parkway #201A Mesquite, TX.
What are key features of this property?
This property features: 3,326.7 SF on the second floor; Four private offices, open work area, and reception area; Windows and blinds in the suite
