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Property profile & analytics
FOR LEASE
Medical Office Space

1320 North Galloway Ave Mesquite, TX 75149

6,800 SF 1.29 ac lot Built 2009
Entity Owned 9-yr Hold ~ Est. High Equity
Property ID
US82-3877000
Property summary
AI-generated overview

This exceptional 3,500 square foot medical office suite, located at 1320 N Galloway Ave, Mesquite, TX 75149, presents a unique investment opportunity. The single-tenant property boasts a highly visible location on Galloway Avenue, offering easy access to major thoroughfares like US-80 E and I-635. Its strategic placement across from the Mesquite Municipal Center and near Dallas Regional Hospital and Baylor Scott & White Sunnyvale ensures high foot traffic and excellent brand visibility. The suite is a second-generation medical office space, previously occupied by medical tenants, and is ready for immediate occupancy. Building and monument signage opportunities are available, enhancing the potential for marketing and brand recognition. The property is classified as an office building with a medical office subtype. The suite numbers are 103 and 104. Existing tenants in the building include Benzer Pharmacy and Mesquite Neurology Clinic, indicating a strong existing medical presence in the building. This turnkey solution offers immediate access to a well-established medical corridor, making it an ideal location for a variety of medical practices. The property's size and location make it an attractive option for expansion or relocation for established medical businesses or a perfect opportunity for a new practice seeking a high-visibility location.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2009
Construction TILT-UP CONCRETE
Total area 6,800 SF
Lot 1.29 ac (56,192 SF)
Zoning code Z377
APN 381301100C0010000
UPID US82-3877000
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
  • CareFirst Primary and Wellness Center Medical Clinic
  • Mesquite Neurology Clinic Medical Clinic
  • Dr. Lutfi S. Basatneh, MD Physician Medical Clinic
  • Pain Treatment Institute Physician
  • Peak Life Health (Bike/Boat/Book/etc) Store Cosmetic Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$505k
CAP Approach CAP
by Request
Comparable Approach Comparable
$773k
Blend (final) Blend
$640k
Owner & transaction history
Petro Plex INC · 9 yrs held
Petro Plex INC
since 2016
6 recorded transactions
2021
Price N/A
2016
Price N/A
2009
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Z377 · Mesquite, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $950,000 +50.4%
Restaurant $880,000 +39.8%
Auto repair, garage $845,000 +34.2%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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