Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    2423 Picadilly Boulevard Mesquite, TX 75149

    View on Map
    Claim this Listing
    For Sale
    $165,000

    Unimproved Land - Mesquite, TX

    Type:Unimproved Land
    Lot size:
    0.98 Acres
    Added:
    Apr 29, 2026
    Days on Market:
    8
    Last Refresh:
    May 6 at 4:06 pm

    Property Features for 2423 Picadilly Boulevard

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    38180500001600000
    Lot size
    0.98 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Diana Sifuentes
    Diana Sifuentes

    Listing agent Diana Sifuentes License #0566631

    Listing office Berkshire Hathaway Home Services A Action REALTORS 3220 Gus Thomasson, Ste 111, Mesquite, TX

    Listing date Apr 29, 2026

    MLS# 21248389 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Expansive 1± acre lot provides ample space to build a custom home.
    • Utilities already established on site from previous home.
    • Flat, build‑ready lot simplifies construction.
    • Conveniently located near major freeways, restaurants, and shopping.
    • Walking distance to schools.
    • Mature trees offer natural beauty and tranquility.

    Overview

    Expansive Lot in Mesquite, TX

    This property features an expansive lot of approximately 0.977 acres in Mesquite, Texas, offering ample space for building a custom home. The flat, build-ready lot simplifies construction and provides numerous design possibilities. Mature trees enhance the property's natural beauty and create a tranquil atmosphere. Conveniently located near major freeways, restaurants, and shopping, the property also offers proximity to schools, all within walking distance. The lot was previously improved with a home, and utilities were already established on site.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    RainTight General Contracting Roofing Company

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Mesquite
    County
    Dallas
    State
    Texas
    Longitude
    -96.636215
    Latitude
    32.758228

    Nearby Similar for Sale

    • $730,000

      Mesquite Commercial Building on Gus Thomasson

      Commercial building in high-traffic area with investment potential.
      4915 Gus Thomasson Road, Mesquite, TX 75150
      View Details
    • $750,000

      Former Daycare Building in Mesquite

      Former daycare building with classrooms, kitchen, patio, and playground.
      2291 Tradewind Drive, Mesquite, TX 75150
      View Details
    • $499,950

      Mesquite Commercial Building on Gus Thomasson

      Commercial building in high-traffic area suitable for retail or office.
      4224 GUS THOMASSON Road, Mesquite, TX 75150
      View Details
    • $375,000

      Mesquite Commercial Land For Sale

      1.22 acre commercial lot in a high-visibility Mesquite location.
      1607 E Scyene Road, Mesquite, TX 75149
      View Details
    • $499,000

      Mesquite Land on Pioneer Road

      Over 3 acres of commercial land in a busy area.
      1230 Pioneer Road, Mesquite, TX 75149
      View Details
    • $900,000
      1,984 SF

      Mesquite Restaurant with Drive-Thru

      Recently updated restaurant with drive-thru, patio, and ample parking.
      4717 Gus Thomasson Road, Mesquite, TX 75150
      View Details
    • $1,100,000

      Corporate Hangar at Mesquite Airport

      Corporate hangar at Mesquite Metro Airport available for purchase.
      1434 Airport Boulevard, Mesquite, TX 75181
      View Details
    • $400,000

      Commercial Land in Industrial Area

      Two-acre corner lot in established industrial area, Mesquite, TX.
      100 E Kearney Street, Mesquite, TX 75149
      View Details
    • $425,000

      Land with Highway Access, Mesquite

      4.82 acres of improved land with shop near I-20.
      5950 Shannon Road, Mesquite, TX 75181
      View Details
    • $299,900

      Commercial Land in Mesquite, TX

      Commercial lot for sale or build to suit opportunity.
      1 Hyde Park Drive, Mesquite, TX 75150
      View Details
    • $799,000

      Barndominium on 11 Acres

      Barndominium on 10.984 acres near I-20 and HWY 80.
      9913 Fm 740, Mesquite, TX 75126
      View Details
    • $599,999

      Renovated Highway Frontage Flex Space

      Renovated flex space with highway frontage and gated yard.
      3325 IH 30, Mesquite, TX 75150
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Large lot ready for your dream home in Mesquite.
    Where is this residential land & home lot located?
    The property is located at 2423 Picadilly Boulevard Mesquite, TX.
    What is the asking price?
    The asking price for this property is $165,000.
    What are key features of this property?
    This property features: Expansive 1± acre lot provides ample space to build a custom home.; Utilities already established on site from previous home.; Flat, build‑ready lot simplifies construction.
    (972) 698-9700
    We can help!
    Listing Contact
    Diana Sifuentes
    Diana Sifuentes
    Real Estate License ID: 0566631
    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
    2423 Picadilly Boulevard, 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!