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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    18775 Lyndon B Johnson Fwy Mesquite, TX 75150-6408

    • Retail space
    • 10,856 SF
    • 1.24 lot acres
    OFF-MARKET
    Last Sale
    Sep 23, 2020
    $1,197,240
    Value Estimations
    $1,440,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-4092287
    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

    • Duran Inc / Big Box & Wholesale Store / Building Supply

    Property Details for 18775 Lyndon B Johnson Fwy

    Year built
    2001
    Construction
    TILT-UP CONCRETE
    Lot size
    1.24 lot acres
    Property size
    10,856 SF
    Zone code
    Z237
    Property type
    Retail space
    APN
    381241000B0020000
    APU
    381241000B0020000

    Description

    This exceptional 10,800-square-foot retail property, located at 18775 Lyndon B Johnson Fwy in Mesquite, Texas, presents a unique investment opportunity. Currently offering 5,400 square feet of vacant space, this multi-tenant building features two suites, each with a minimum divisible space of 5,400 square feet and a maximum contiguous space of 5,400 square feet. The property is ideally situated in Dallas County, zip code 75150, boasting high visibility and accessibility. Its prime location offers significant advantages for businesses seeking a strong presence in a thriving commercial area. The property includes ample parking with 54 spaces available for tenants and customers. The building's versatile design allows for a variety of uses, including retail and restaurant establishments, with the potential for medical uses as well. Benefit from the high traffic generated by neighboring businesses such as McDonald's and a Home Depot outparcel. This property is perfect for a single tenant seeking a large space or for two tenants looking for approximately 5,400 square feet each. Don't miss this chance to secure a prominent location in a bustling Mesquite commercial corridor.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,785,000
      ML approach
      $1,585,000

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $1,350,000
      RESTAURANT
      $1,225,000
      OFFICE BUILDING
      $935,000
      COMMERCIAL (GENERAL)
      $920,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Mesquite
    County
    Dallas
    State
    Texas
    Longitude
    -96.6276
    Latitude
    32.8008
    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
    $34,435
    $812,760
    $662,320
    $1,475,080
    -
    $812,760
    $662,320
    $1,475,080

    Comparable in this City

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      $950,000
      13,091 SF

      1413 Oates Dr

      RETAIL STORES (PERSONAL SERVICES) • 13,091 SF
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      View Details
    • Value Estimation
      $710,000
      10,800 SF

      18835 Lyndon B Johnson Fwy

      RETAIL STORES (PERSONAL SERVICES) • 10,800 SF
      18835 Lyndon B Johnson Fwy, Mesquite, TX 75150-6458
      View Details
    • Value Estimation by Request
      7,452 SF

      2424 Galloway Ave

      RETAIL STORES (PERSONAL SERVICES) • 7,452 SF
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    • Value Estimation
      $545,000
      9,620 SF

      2131 Town E Blvd

      RETAIL STORES (PERSONAL SERVICES) • 9,620 SF
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    • Value Estimation by Request
      2,210 SF

      1920 Town E Blvd

      RETAIL STORES (PERSONAL SERVICES) • 2,210 SF
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    • Value Estimation by Request
      6,860 SF

      4407 Gus Thomasson Rd

      RETAIL STORES (PERSONAL SERVICES) • 6,860 SF
      4407 Gus Thomasson Rd, Mesquite, TX 75150-7018
      View Details

    Similar Nearby for Sale

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      Retail showroom available for sale in Mesquite, Texas.
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      Retail Property Near Town East

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      0.66 Acres

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      Commercial building in high-traffic area suitable for retail or office.
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    • $2,589,000
      5,942 SF

      Retail Outparcel in Mesquite, TX

      Retail property with national tenants and high visibility.
      19121 Lyndon B Johnson Fwy, Mesquite, TX 75150
      View Details
    • Contact for pricing
      1.57 Acres

      Mesquite Retail Redevelopment Opportunity

      1.57-acre commercial lot, high-traffic area.
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      1,984 SF

      Mesquite Restaurant with Drive-Thru

      Recently updated restaurant with drive-thru, patio, and ample parking.
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    Similar Nearby for Lease

    • $10 SF/Yr
      58,716 SF

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      Retail Space with High Visibility

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      View Details
    • $1.00 SF/Yr
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      Mesquite Retail & Office Space

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      2,771 SF

      Retail Space in Mesquite, TX

      2,771 SF retail space available on LBJ Freeway.
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      4,250 SF

      Retail Endcap Space Available

      4,250 SF endcap space available July 1, 2024.
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    • Contact for pricing
      4,111 SF

      Retail Space Near North Mesquite

      Retail space adjacent to North Mesquite High School.
      3220 Gus Thomasson Rd, Mesquite, TX 75150
      View Details
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    Mesquite, TX 75150-6408
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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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