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Property profile & analytics
OFF-MARKET Estimated value $740,000
Strip malls

1805 Galloway Ave Mesquite, TX 75149-2257

26,000 SF 2.79 ac lot Built 1960
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US82-2377333
Property summary
AI-generated overview

Northridge Center offers exceptional retail space for lease in the thriving Mesquite submarket. This single-story, Class B building totaling 25,772 square feet underwent a complete renovation in 2022, including a new roof and updated storefronts. Currently, 2,600 square feet of in-line retail space is available, divisible to a minimum of 1,000 square feet and with a maximum contiguous space of 1,600 square feet. The property features ample parking with 125 spaces, providing convenient access for customers. Located near the intersection of Hillcrest and easily accessible from US Hwy 80 & I-635, this center benefits from high visibility and strong traffic flow. The center is zoned commercial and enjoys proximity to a variety of national retailers, including Walmart Supercenter, Tractor Supply, La Michoacana Meat Market, Rio Grande Latin Market, DD's Discounts, Hobby Lobby, Mardel, Youfit, and AMC Theatres, ensuring high foot traffic and a strong customer base. Built in 1965, this renovated property presents a unique opportunity for businesses seeking a well-maintained and conveniently located retail space in a vibrant commercial area. No elevators are present in this single-story building. Multiple tenancies are available.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1960
Construction TILT-UP CONCRETE
Total area 26,000 SF
Lot 2.79 ac (121,707 SF)
Zoning code Z97
APN 38136500230030000
UPID US82-2377333
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
  • Jendiz Furniture Furniture & Home Goods Home Decor Store
  • NorthRidge Center Shopping Center & Mall
  • Tornillo Ducts Cleaning Big Box & Wholesale Store
  • Richardson Electrical Services Electrical Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$630k
CAP Approach CAP
by Request
Comparable Approach Comparable
$844k
Blend (final) Blend
$740k
Owner & transaction history
Northridge Partners LLC · 6 yrs held
Northridge Partners LLC
since 2020
4 recorded transactions
2020
Price N/A
2018
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Z97 · Mesquite, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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