Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Corner Warehouse Near I-635 Title is generated by Realmo AI

    3033 Military Pkwy, Mesquite, TX 75149

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Warehouse with upgraded fire sprinklers and electric fencing, near I-635.

    Type:Industrial
    Property size:
    104,630 SF
    Price / SF:
    $129/SF
    Added:
    Sep 19, 2024
    Days on Market:
    625
    Last Refresh:
    May 12 at 10:57 pm

    Property Features for 3033 Military Pkwy

    General Information

    Standard status
    Active
    Size
    104,630 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1982

    We can help!

    Listing Contact
    Ahmed Omar

    Listing agent Ahmed Omar License #0677126

    Listing office GO Real Estate

    Listing date Sep 19, 2024

    Source Crexi

    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 GO Real Estate

    HighLights

    • Prime corner location on Military Parkway and S Town E Blvd.
    • Easy access to all major highways.
    • One mile from I‑635.
    • Recently upgraded fire sprinkler system.
    • Brand new electric fencing.
    • Ideal for an Owner User to grow their business.

    Overview

    This warehouse property is located at the corner of Military Parkway and S Town E Blvd, approximately one mile from I-635, providing access to major highways. The property is suitable for an owner-user looking to expand their business. The building features an upgraded fire sprinkler system and new electric fencing.
    Property Profile Location Intelligence

    Current Use by Public Records

    USA Wheel & Tire ... Big Box & Wholesale Store OS CPA Accounting ... Accounting Firm NAPA Auto Parts Auto Parts Store FR Technologies - Marketing ... Advertising Agency

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • RightSpace Storage — 10331 Scyene Rd, Dallas, TX 75227

    Location Insight

    • Map
    • Local Demand
    City
    Mesquite
    County
    Dallas
    State
    Texas
    Longitude
    -96.6456425
    Latitude
    32.7693997

    Nearby Similar for Sale

    • $900,000
      1,984 SF

      Restaurant with Drive-Thru

      Updated restaurant with drive-thru service, covered patio seating, and a sizable parking area in a revitalizing retail corridor.
      4717 Gus Thomasson Road, Mesquite, TX 75150
      View Details
    • $730,000

      Brick Multi-Use Office/Retail Building

      Brick property with on-site parking and flexible space options for retail, office, or multi-use investors.
      4915 Gus Thomasson Road, Mesquite, TX 75150
      View Details
    • $750,000

      Former Daycare Building Opportunity

      Former daycare facility offers multiple classrooms, patio, and a sizable outdoor play area with convenient access to major Hwy 80.
      2291 Tradewind Drive, Mesquite, TX 75150
      View Details
    • $295,000

      Renovated Medical Office Condo

      Updated medical condo office with reception, four exam rooms, and ADA restroom, plus convenient rear parking access.
      1050 N Belt Line Road, Mesquite, TX 75149
      View Details
    • $499,950

      Single-Story Commercial Building

      Single-story commercial building with covered walkways and surface parking on a high-traffic corridor.
      4224 GUS THOMASSON Road, Mesquite, TX 75150
      View Details
    • $599,999

      Renovated Office/Warehouse with Gated Yard

      Renovated office and warehouse with HVAC, ADA features, and highway frontage plus a secure gated yard for operational flexibility.
      3325 IH 30, Mesquite, TX 75150
      View Details
    • $795,000

      Automotive Storage Yard with Office

      Freight-ready storage yard with an office building and insulated storage structure, positioned for high-volume freeway visibility.
      1010 US Highway 80 E, Mesquite, TX 75149
      View Details
    • $1,780,000
      6,000 SF

      Mesquite Industrial Building with Expansion

      Industrial building in Mesquite with expansion potential and ample features.
      728 Dalworth Drive, Mesquite, TX 75149
      View Details
    • $2,137,400
      3,395 SF

      Retail Center on North Belt Line

      Two-tenant retail center in Mesquite, 100% occupied.
      2130 N Belt Line Rd, Mesquite, TX 75150
      View Details
    • Contact for pricing
      5,070 SF

      Mesquite Denny's NNN Investment

      NNN leased Denny's in Mesquite, Texas with renewal options.
      114 US-80, Mesquite, TX 75149
      View Details
    • $730,000
      4,898 SF

      Mesquite Commercial Building For Sale

      Prime commercial building in a vibrant, high-traffic Mesquite location.
      4915 Gus Thomasson Road, Mesquite, TX 75150
      View Details
    • $900,000
      1,984 SF

      Restaurant with Drive Thru

      Recently updated restaurant with drive-thru, outdoor seating, and parking.
      4717 Gus Thomasson Road, Mesquite, TX 75150
      View Details

    FAQs

    What type of property is this?
    Warehouse - Warehouse with upgraded fire sprinklers and electric fencing, near I-635.
    Where is this warehouse located?
    The property is located at 3033 Military Pkwy Mesquite, TX.
    What is the asking price?
    The asking price for this property is $13,500,000.
    What are key features of this property?
    This property features: Prime corner location on Military Parkway and S Town E Blvd.; Easy access to all major highways.; One mile from I‑635.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Ahmed Omar
    Real Estate License ID: 0677126
    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
    3033 Military Pkwy, 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!