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Property profile & analytics
OFF-MARKET
Estimated value
$865,000
Medical Office Space
18640 Lyndon B Johnson Fwy Mesquite, TX 75150-6034
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US82-3631012
Property summary
AI-generated overview
This Class A, 13,462 square foot medical office building, located at 18640 Lyndon B Johnson Fwy in Mesquite, Texas 75150, offers multiple turnkey dental suites. Built in 2003 and extensively renovated in 2020, the two-story building provides a modern and functional space for healthcare professionals. Currently, 4,536 square feet of vacant space is available, divisible into units ranging from 2,017 to 2,519 contiguous square feet. The property features ample parking and is strategically located on Highway 635, offering high visibility and easy access for patients and staff. Its contemporary design and flexible floor plans allow for customization to meet the specific needs of various medical practices. This prime location in a thriving Mesquite community provides exceptional convenience and accessibility. The building's modern amenities and convenient location make it an ideal opportunity for dental practices seeking a high-quality, turnkey space.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2004
Construction
TILT-UP CONCRETE
Total area
13,462 SF
Lot
0.72 ac (31,285 SF)
Zoning code
Z237
APN
382143000A0050000
UPID
US82-3631012
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
-
Tidwell Jaimie Dental Office
-
Charles M Sauter & Associates Dental Office
-
Jenny Hanson Therapy Medical Clinic
-
Retina Specialists Ophthalmologist
-
Steven Reinecke, MD Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$725k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.01M
Blend (final)
Blend
$865k
Owner & transaction history
Town East Mob LP · 6 yrs held
Town East Mob LP
since 2020
7 recorded transactions
Zoning & alternative use
Z237 · Mesquite, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.2M
+22.6%
Commercial (general)
$1.1M
+20.8%
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
Method
Estimation
Statistic approach
by Request
ML approach
$725,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$945,000
Current use
OFFICE BUILDING
$1,160,000
Change: +23% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,145,000
Change: +21% · Conversion: Easy
RETAIL STORES
$760,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$865k
Range $779k – $952k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$64 / 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
$73,535
Tax year 2023
Assessed value
$3,150,000
Assessed 2023
Previous assessed
$3,150,000
+0.0% YoY
Effective rate
2.33%
On assessed value
Assessed land
$203,350
Assessed improvement
$2,946,650
Land market value
$203,350
Improvement market value
$2,946,650
Total market value
$3,150,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2004
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
13,462 SF
Lot
0.72 ac (31,285 SF)
Zoning code
Z237
APN
382143000A0050000
UPID
US82-3631012
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z237 · Mesquite, TX
Zoning Z237 · permitted uses
Z237 · Mesquite, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mesquite. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$945,000
OFFICE BUILDING
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.1M
RETAIL STORES
Est. value
$760,000
MEDICAL BUILDING Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2004
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
0.72 ac
Current owner
From public records · entity-resolved
Town East Mob LP
Entity
Mailing address
4849 N GREENVILLE AVE #1480, DALLAS, TX 75206-4130
Ownership since
2020
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
Dec 17, 2025
—
Town East Mob LP
—
Deed
related
$23,300,000 · Capital One NA
Jan 31, 2020
—
Town East Mob LP
Netri LLC
Grant Deed
$2,769,875 · American Nat'l Bk/tx
Mar 24, 2017
—
Netri LLC
—
Trustees Deed
related
$338,300 · Jp Morgan Chase Bk
Jan 18, 2017
—
Netri LLC
635/town East Plaza LP
Warranty Deed
$1,955,000 · Jp Morgan Chase Bk
Jul 12, 2007
—
Town East Plaza 635
—
Trustees Deed
related
$73,369 · Legacytexas Bank
Jul 9, 2004
—
Town East Plaza 635
Adhamy Hooshang Trust
Grant Deed
$1,453,638 · Legacy Bank Of Texas
—
—
Town East Mall LLC
—
Deed Of Trust
related
$160,270,000 · Ubs Real Estate Securities INC
—
—
Town East Plaza 635
—
Deed Of Trust
related
$197,220 · Legacytexas Bank
—
—
635 Town East Plaza LP
—
Loan Modification
related
$1,704,500 · Bank Of The Ozarks
—
—
635/town East Plaza LP
—
Deed Of Trust
related
$40,000 · Bank Of The Ozarks
—
—
Town East Plaza 635
—
Deed Of Trust
related
$51,602 · Tax Ease Funding LP
—
—
635/town East Plaza LP
—
Deed Of Trust
related
$1,704,500 · Bank Of Ozark
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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