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Medical Office Building with Vacant Space
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2698 N Galloway Ave, Mesquite, TX 75150

Fee simple medical office asset built in 2003, currently 87% occupied, with additional space available for owner use.

Property Size17,901 SF
Days on Market53

Property Features for 2698 N Galloway Ave

General Information

Standard status Active
Size 17,901 SF
Property subtype Office
Occupancy 87%

Additional Details

Highway Access Yes

Building Details

Year Built 2003
Listing Agency: Marcus & Millichap - Fort Lauderdale
Listed By: Brad Mills · License #732895
Source: Crexi
Added: Jun 15 Changed: Jul 10 Last Checked: Aug 4 at 3:43AM

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 Marcus & Millichap - Fort Lauderdale

Investment Insights

Based on property information with market context.

This fee simple medical office building was constructed in 2003 and totals 17,901 square feet of rentable space. The property is currently 87% occupied by medical tenants, generating net operating income, and includes a vacant space intended to support additional revenue. A portion of the available space is 2,200 square feet, which could be leased or occupied by a buyer seeking to supplement rental income alongside surrounding tenants.

The building is located at 2698 N Galloway Avenue in Mesquite, Texas, and the public remarks indicate it is situated minutes from Highway 635. The area is described as surrounded by mature neighborhoods, with Town East Mall and Towne Centre Village within a short drive.

For investors, the offering combines existing medical tenant occupancy with an opportunity to monetize the remaining vacancy through leasing. For owner-users, the 2,200 square feet of available space provides a path to occupy while remaining tenants continue to contribute to the property’s income stream. The seller has also indicated a lease option may be considered for the remaining space.

Key Highlights

  • Medical office building built in 2003 with fee simple ownership interest
  • 17,901 SF total rentable space with 87% occupancy by medical tenants
  • Vacant space available to expand revenue, with 2,200 SF offered for buyer occupancy

Property Analytics

Current Use

Jeremiah Kassahun Sisay Physician Terrell Orthopedic Clinic Physician Suresh Margassery - Dallas ... Physician Cancer Center Associates Professional Services Antonio Barksdale MD ... Pediatrician

Suggested Use

Top Pick Real Estate Agency Law Firm Catering Service Travel Agency Pet Grooming Service Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

87%
Occupancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

534
Businesses Nearby
Under-served
Demand for This Use

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

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
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Similar Off Market Nearby

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  • Banfield Pet Hospital 2860 N Galloway Ave, Mesquite, TX 75150
  • Quinn Michelle DVM 2860 N Galloway Ave, Mesquite, TX 75150

Frequently Asked Questions

What type of property is this?
Medical Office Space - Fee simple medical office asset built in 2003, currently 87% occupied, with additional space available for owner use.
Where is this medical office space located?
The property is located at 2698 N Galloway Ave Mesquite, TX.
What are key features of this property?
This property features: Medical office building built in 2003 with fee simple ownership interest; 17,901 SF total rentable space with 87% occupancy by medical tenants; Vacant space available to expand revenue, with 2,200 SF offered for buyer occupancy
More about this property
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