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    Gus Thomasson Rd Mesquite, TX 75228

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    For Lease
    Contact for pricing

    Mesquite, TX retail spaces available.

    Lot size:
    18,089 SF

    Property Features for 0 Gus Thomasson Rd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    18,089 SF
    Class
    B

    Building Details

    Buildings
    1
    Stories
    1

    Spaces For Lease

    at 0 Gus Thomasson Rd, Mesquite, TX 75228 Contact us

    We can help!

    Listing Contact
    Rankin Grote
    Rankin Grote

    Listing Agency: Hopkins Commercial Listing Agent: Rankin Grote

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional single-story, Class B retail property in Mesquite, Texas, offers multiple spaces for lease within a 18,089 square foot building located in the Casa View neighborhood. The property is situated at a signalized intersection, providing excellent visibility and accessibility. Currently, there are 4,258 square feet of vacant space available, divisible into units ranging from a minimum of 1,047 square feet to a maximum contiguous space of 3,216 square feet. The building features a total of 18,089 square feet and is comprised of one building. This prime location boasts existing tenants such as Mi Rinconcito and Marco's Pizza, creating a vibrant and established commercial environment. The property is ideally suited for a variety of retail uses, including restaurants, salons, chiropractic offices, and phone stores, among other possibilities. Located in Dallas County, Texas, with an address on Gus Thomasson Rd, zip code 75228, this property presents a compelling opportunity for businesses seeking high-traffic exposure and a strong tenant mix. The property's convenient location and existing successful businesses make it an attractive investment for prospective tenants.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Mesquite
    County
    Dallas
    State
    Texas
    Longitude
    -96.676739939057
    Latitude
    32.834768429379

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    FAQs

    What type of property is this?
    Restaurant - Mesquite, TX retail spaces available.
    Where is this restaurant located?
    The property is located at Gus Thomasson Rd Mesquite, TX.
    What are key features of this property?
    This property features: 18,089 SF Class B retail building in Mesquite, TX, with 4,258 SF of divisible space available (1,047 SF minimum, 3,216 SF maximum contiguous).; Located at a signalized intersection on Gus Thomasson Rd, offering high visibility and accessibility in the Casa View neighborhood.; Strong tenant mix including Mi Rinconcito and Marco's Pizza.
    (214) 956-7881 Call to check price and availability
    Request Owner's contact information
    Gus Thomasson Rd Mesquite, TX 75228
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    Mesquite, TX 75228
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    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
    Gus Thomasson Rd Mesquite, TX 75228
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    Contact for Pricing
    Please call us for current price
    and status of this listing Rankin Grote
    Rankin Grote
    (214) 956-7881 (214) 384-4051
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