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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Showrooms
124 Gross Rd Mesquite, TX 75149-3140
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-3362632
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1979
Construction
STEEL FRAME
Total area
12,600 SF
Lot
0.95 ac (41,495 SF)
Zoning code
Z109
APN
38057500010090300
UPID
US82-3362632
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Grace Fellowship Church
-
Carole Lochhead Realtors Real Estate Agency
-
Heartline Ministries Church
-
Dglamorous Skincare Hair Salon Nail Salon
-
LA BELLE SALON Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$700k
Owner & transaction history
Gross Road Joint Venture · 4 yrs held
Gross Road Joint Venture
since 2022
7 recorded transactions
Zoning & alternative use
Z109 · Mesquite, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Mesquite submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mesquite submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$56 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$13,452
Tax year 2023
Assessed value
$576,250
Assessed 2023
Previous assessed
$576,250
+0.0% YoY
Effective rate
2.33%
On assessed value
Assessed land
$82,990
Assessed improvement
$493,260
Land market value
$82,990
Improvement market value
$493,260
Total market value
$576,250
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1979
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
12,600 SF
Lot
0.95 ac (41,495 SF)
Zoning code
Z109
APN
38057500010090300
UPID
US82-3362632
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z109 · Mesquite, TXZoning Z109 · permitted uses
Z109 · Mesquite, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1979
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.95 ac
Current owner
From public records · entity-resolved
Gross Road Joint Venture
Entity
Mailing address
1413 GABLES CT, PLANO, TX 75075-7643
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2022
—
Gross Road Joint Venture
—
Deed
related
$546,000 · Encore Bank NA
Jun 12, 2018
—
Gross Road Jv
—
Deed
related
$500,000 · Wells Fargo Bk
Jun 22, 2009
—
Gross Road
—
Trustees Deed
related
$414,000 · North Dallas Bank & Trust Co
Apr 13, 2009
—
Gross Road
—
Trustees Deed
related
$414,000 · North Dallas Bank & Trust Co
—
—
Gross Road
—
Deed Of Trust
related
$415,000 · North Dallas Bank & Trust Co
—
—
Gross Road Jv
—
Deed Of Trust
related
$414,000 · North Dallas Bank & Trust Co
—
—
Claudio A Silvestri
—
Deed Of Trust
related
$415,000 · North Dallas Bank & Trust Co
—
—
Gross Road
—
Deed Of Trust
related
$40,000 · North Dallas Bank & Trust Co
—
—
Gross Road Jv
—
Deed Of Trust
related
$500,000 · Wells Fargo Bk
—
—
Gross Road
—
Deed Of Trust
related
$415,000 · North Dallas Bank & Trust Co
—
—
Gross Road
—
Deed Of Trust
related
$21,400 · North Dallas Bank & Trust Co
—
—
Arthur S Yorkes
—
Deed Of Trust
related
$370,000 · North Dallas Bank & Trust Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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