Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3501 Gus Thomasson Rd & Nwc Of Town Blvd Mesquite, TX 75150

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Mesquite, TX Office Space For Lease

    Lot size:
    82,941 SF

    Property Features for 3501 Gus Thomasson Rd & Nwc Of Town Blvd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    82,941 SF

    Building Details

    Year Built/Renovated
    1984/2024

    Spaces For Lease

    at 3501 Gus Thomasson Rd & Nwc Of Town Blvd, Mesquite, TX 75150 Contact us

    We can help!

    Listing Contact
    Scott Eiting

    Listing Agency: Dogwood Commercial Real Estate Listing Agent: Scott Eiting

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

    Learn more

    Overview

    Driftwood Village, a meticulously renovated (2024) executive office complex in Mesquite, Texas, presents a unique leasing opportunity. This 82,941 square foot property, situated on a generous 1.79-acre lot at 3501 Gus Thomasson Rd & NWC of Town East Blvd (75150), offers multiple tenancy options within a vibrant commercial setting. The building boasts four total suites, with available spaces ranging from a minimum of 1,300 square feet to a maximum contiguous space of 2,800 square feet. A total of 5,481 square feet is currently vacant and ready for immediate occupancy. Originally constructed in 1984, the property has undergone a complete renovation in 2024, ensuring modern amenities and a fresh, updated aesthetic. The property's location in Dallas County provides excellent access to major transportation routes and a thriving business community. Ideal for businesses seeking flexible and well-appointed office space, this property offers a blend of classic charm and contemporary functionality. The property is zoned for retail, office, and restaurant uses, providing versatility for a range of potential tenants. Inquire today to explore the possibilities of establishing your business in this prime Mesquite location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Mesquite
    County
    Dallas
    State
    Texas
    Longitude
    -96.636483
    Latitude
    32.8130802

    Nearby Similar for Lease

    • $4,890 /Mo
      14,201 SF

      Retail and Office Space Available

      Versatile retail and office spaces with customizable floor plans.
      624 S Bryan Belt Line Rd, Mesquite, TX 75149
      View Details
    • $2,000 /Mo
      4,356 SF

      Medical Office Condo For Rent

      Medical office condo with high visibility and ample parking.
      1050 N Beltline Rd Rd, Mesquite, TX 75149
      View Details
    • $3,000 /Mo
      4,356 SF

      Medical Office Condo For Rent

      Medical condo with high visibility and ample parking.
      1050 N Beltline Rd Rd, Mesquite, TX 75149
      View Details
    • $2,450 /Mo
      1,525 SF

      Mesquite Office with Live-Work Potential

      Office space with live-work potential, great access, ready for occupancy.
      5115 N Galloway Ave N, Mesquite, TX 75150
      View Details
    • New
      $400 /Mo
      38,768 SF

      Office Space in Mesquite, TX

      All bills paid office space in a convenient location.
      609 N Ebrite St, Mesquite, TX 75149
      View Details
    • $4,700 /Mo
      33,846 SF

      Mesquite Retail Space Available

      Commercial space for rent in a high-traffic Mesquite location.
      2031 N Galloway Ave, Mesquite, TX 75149
      View Details
    • $9,900 /Mo
      89,124 SF

      Mesquite Retail/Office Opportunity

      Versatile retail or office space with ample parking in Mesquite.
      2920 Motley Dr, Mesquite, TX 75150
      View Details
    • $3,125 /Mo
      37,026 SF

      New Construction Retail/Office/Medical Space

      New construction in Mesquite, TX suitable for retail, office, or medical.
      955 W Cartwright Rd, Mesquite, TX 75149
      View Details
    • $13,000 /Mo
      89,124 SF

      Versatile Commercial Space, Mesquite, TX

      Adaptable space suitable for office, retail, or institutional use.
      2920 Motley Dr, Mesquite, TX 75150
      View Details
    • Contact for pricing
      25,378 SF

      Retail Space in Mesquite, Texas

      25,378 SF retail space available in Mesquite, Texas.
      2701 N Mesquite Dr, Mesquite, TX 75150
      View Details
    • Contact for pricing
      4,250 SF

      Retail Endcap Space Available

      4,250 SF endcap space available July 1, 2024.
      18661-18671 Lyndon B Johnson Fwy, Mesquite, TX 75150
      View Details
    • Contact for pricing
      2,050 SF

      Mesquite Medical/Office Space Available

      Second-generation medical/office space for lease in Mesquite, Texas.
      1650 Republic Pkwy, Mesquite, TX 75150
      View Details

    FAQs

    What type of property is this?
    Restaurant - Mesquite, TX Office Space For Lease
    Where is this restaurant located?
    The property is located at 3501 Gus Thomasson Rd & Nwc Of Town Blvd Mesquite, TX.
    What are key features of this property?
    This property features: Exterior renovations currently in progress.; Prime location with convenient access to I-30, I-635, and Highway 80.; High visibility and excellent signage opportunities.
    (972) 354-8060 Call to check price and availability
    Request Owner's contact information
    3501 Gus Thomasson Rd & Nwc Of Town Blvd Mesquite, TX 75150
    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.
    3501 Gus Thomasson Rd & Nwc Of Town Blvd
    Mesquite, TX 75150
    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
    3501 Gus Thomasson Rd & Nwc Of Town Blvd Mesquite, TX 75150
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Scott Eiting
    (972) 354-8060 (972) 942-8605
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!