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    Property profile & analytics

    121 Grand Jct Blvd Mesquite, TX 75149-3129

    • Motels
    • 35,790 SF
    • 4.12 lot acres
    OFF-MARKET
    Value Estimations
    $1,090,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3437502
    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

    • Motel 6 Mesquite, TX - Rodeo - Convention Ctr / Motel / Hotel

    Property Details for 121 Grand Jct Blvd

    Year built
    1986
    Construction
    FRAME
    Lot size
    4.12 lot acres
    Property size
    35,790 SF
    Zone code
    Z31
    Property type
    Motels
    APN
    380930000205B0000
    APU
    380930000205B0000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,095,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $983,000
      Market price range: $766k - $1.17M

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

    Location Insight

    • Map
    • Local Demand
    City
    Mesquite
    County
    Dallas
    State
    Texas
    Longitude
    -96.626
    Latitude
    32.7701
    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
    $71,084
    $449,060
    $2,595,940
    $3,045,000
    -
    $449,060
    $2,595,940
    $3,045,000

    Comparable in this City

    • Value Estimation
      $1,075,000
      34,546 SF

      118 Us Hwy 80th E

      MOTEL • 34,546 SF
      118 Us Hwy 80th E, Mesquite, TX 75149-1657
      View Details
    • Value Estimation
      $740,000
      25,080 SF

      140 Commerce Way

      MOTEL • 25,080 SF
      140 Commerce Way, Mesquite, TX 75149-3132
      View Details
    • Value Estimation
      $900,000
      56,020 SF

      500 Rodeo Ctr Blvd

      HOTEL • 56,020 SF
      500 Rodeo Ctr Blvd, Mesquite, TX 75149-3910
      View Details
    • Value Estimation
      $900,000
      33,445 SF

      923 Windbell Cir

      HOTEL • 33,445 SF
      923 Windbell Cir, Mesquite, TX 75149-3118
      View Details
    • Value Estimation
      $1,130,000
      39,985 SF

      21850 Lyndon B Johnson Fwy

      HOTEL • 39,985 SF
      21850 Lyndon B Johnson Fwy, Mesquite, TX 75149-3930
      View Details
    • Value Estimation
      $805,000
      80,000 SF

      1700 Rodeo Dr

      HOTEL • 80,000 SF
      1700 Rodeo Dr, Mesquite, TX 75149-3859
      View Details

    Similar Nearby for Sale

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      910 SF

      Mesquite Development Opportunity

      High-value land, residential zoning.
      445 Highway 352, Mesquite, TX 75149
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    • $155,000
      0.45 Acres

      Mesquite Commercial Land Opportunity

      Half-acre lot, prime Mesquite location.
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    • $535,000
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      Downtown Mesquite Main Street Property

      High-traffic auto shop, great location.
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    • $2,750,000
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      Denny's NNN Lease Investment Opportunity

      Long-term NNN lease Denny's in growing Mesquite, Texas area.
      114 E Us Highway 80, Mesquite, TX 75149
      View Details
    • Contact for pricing

      Land For Sale Mesquite, TX

      Land available for sale at 500 S Bryan Belt Line Rd.
      500 S Bryan Belt Line Rd, Mesquite, TX 75149
      View Details
    • $625,000
      3.00 Acres

      Mesquite Land Subdivision Opportunity

      Three-acre tract suitable for development or investment in Mesquite, Texas.
      1320 S Sam Houston Rd, Mesquite, TX 75149
      View Details

    Similar Nearby for Lease

    • $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
    • $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
    • Contact for pricing
      5,729 SF

      Retail Space Near Walmart

      Retail spaces available in high-traffic area near national retailers.
      2033 Military Pkwy, Mesquite, TX 75149
      View Details
    • $11 SF/Yr
      13,078 SF

      Industrial Space in Mesquite, Texas

      Industrial property available for lease in Mesquite, Texas.
      3201 Military Pkwy, Mesquite, TX 75149
      View Details
    • Contact for pricing
      157,873 SF

      Mesquite Warehouse Space Available

      Class A warehouse space with modern amenities in Mesquite, TX.
      160 Long Creek Rd, Mesquite, TX 75149
      View Details
    • Contact for pricing
      14,535 SF

      Industrial Space with Fenced Storage

      14,535 SF industrial space with immediate highway access.
      2027 Presidential Row, Mesquite, TX 75149
      View Details

    Property Visit Statistics

    • Visits by month
      4.1k
    • Visitors by month
      1.5k
    • Avg Time on site
      469 min
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    Mesquite, TX 75149-3129
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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
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