Add Listing
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    1106 Galloway Ave Mesquite, TX 75149-2436

    • Medical Office Space
    • 12,596 SF
    • 1.31 lot acres
    OFF-MARKET
    Last Sale
    Jun 30, 2023
    Value Estimations
    $735,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2310313
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Mesquite Medical & Surgical / Physician
    • Orthopedic Center of Mesquite: Simon Robin MD / Physician
    • Dr. Jessie D. Doyal, MD / Pediatrician / Physician
    • J Port / Physician
    • Kayfan Farshid D MD / Physician

    Property Details for 1106 Galloway Ave

    Year built
    2002
    Construction
    TILT-UP CONCRETE
    Lot size
    1.31 lot acres
    Property size
    12,596 SF
    Zone code
    Z97
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    380413000A0020000
    APU
    380413000A0020000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $520,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $954,000
      Market price range: $524k - $1.43M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,170,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mesquite
    County
    Dallas
    State
    Texas
    Longitude
    -96.5993
    Latitude
    32.779
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $48,556
    $284,910
    $1,795,090
    $2,080,000
    -
    $284,910
    $1,795,090
    $2,080,000

    Comparable in this City

    • Value Estimation by Request
      4,033 SF

      1611 Belt Line Rd, Unit 2A

      MEDICAL BUILDING • 4,033 SF
      1611 Belt Line Rd, Mesquite, TX 75149-1793
      View Details
    • Value Estimation by Request
      1,472 SF

      1050 Belt Line Rd Ste, Unit 103

      MEDICAL BUILDING • 1,472 SF
      1050 Belt Line Rd Ste, Mesquite, TX 75149-1771
      View Details
    • Value Estimation by Request
      3,408 SF

      1621 Belt Line Rd, Unit 3B

      MEDICAL BUILDING • 3,408 SF
      1621 Belt Line Rd, Mesquite, TX 75149-1794
      View Details
    • Value Estimation by Request
      2,720 SF

      1621 Belt Line Rd, Unit 3A

      MEDICAL BUILDING • 2,720 SF
      1621 Belt Line Rd, Mesquite, TX 75149-1794
      View Details
    • Value Estimation
      $870,000
      18,145 SF

      910 Galloway Ave

      MEDICAL BUILDING • 18,145 SF
      910 Galloway Ave, Mesquite, TX 75149-2409
      View Details
    • Value Estimation by Request
      3,700 SF

      200 Kearney St

      MEDICAL BUILDING • 3,700 SF
      200 Kearney St, Mesquite, TX 75149-3471
      View Details

    Similar Nearby for Sale

    • $499,000
      3.19 Acres

      Mesquite Land on Pioneer Road

      Over 3 acres of commercial land in a busy area.
      1230 Pioneer Rd, Mesquite, TX 75149
      View Details
    • $549,900
      2,952 SF

      Downtown Mesquite Office Space For Sale

      Prime Office-Retail, High Traffic Area
      202 Davis St, Mesquite, TX 75149
      View Details
    • $250,000
      0.32 Acres

      Mesquite Mixed-Use Redevelopment Opportunity

      High-visibility Mesquite property with redevelopment potential and flexible zoning.
      406 S Bryan Belt Line Rd, Mesquite, TX 75149
      View Details
    • $400,000
      2.00 Acres

      Commercial Land in Industrial Area

      Two-acre corner lot in established industrial area, Mesquite, TX.
      100 E Kearney St, Mesquite, TX 75149
      View Details
    • $4,569,872
      15,062 SF

      Mesquite Retail NNN Opportunity

      NNN leased retail property with long term tenant in place.
      1520 Pioneer Rd, Mesquite, TX 75149
      View Details
    • $315,000
      0.37 Acres

      Retail Land Opportunity in Mesquite

      Ready-to-build retail land with pre-approved plans in high-traffic area.
      120 Phillip St, Mesquite, TX 75149
      View Details

    Similar Nearby for Lease

    • $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
    • $20 SF/Yr
      3,500 SF

      Mesquite Medical Office Suite

      Prime Medical Office Space in Texas
      1320 Galloway Ave, Mesquite, TX 75149
      View Details
    • New
      $3,000 /Mo
      4,356 SF

      Updated Medical Condo in Mesquite

      Newly updated medical condo with high visibility and ample parking.
      1050 N Beltline Rd Rd, Mesquite, TX 75149
      View Details
    • Contact for pricing
      3,500 SF

      Medical Office Space Available

      Second-generation medical office space with signage available for lease.
      1320-1324 N Galloway Ave, 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
    • $3,390 /Mo
      Pending

      Mesquite Flex Space with Office

      Versatile flex space with office in Mesquite's Central Business District.
      209 N Ebrite St, Mesquite, TX 75149
      View Details
    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.
    1106 Galloway Ave
    Mesquite, TX 75149-2436
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!