1903 Crestridge Dr Mesquite, TX 75149
Property profile & analytics
1903 Crestridge Dr, Mesquite, TX 75149
- Retail space
- 2,400 SF
- 0.36 lot acres
Property ID
US82-3591245
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.
Location Intelligence
Current Use by Public Records
- Laundry City / (Bike/Boat/Book/etc) Store
Property Details for 1903 Crestridge Dr
- Year built
- 1980
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.36 lot acres
- Zone code
- Z97
- Property type
- Retail space
- APN
- 38137500300200500
- APU
- 38137500300200500
Description
This exceptional investment opportunity presents a single-tenant, 2,600 square foot coin laundry storefront in Mesquite, Texas. Located at 1903 Crestridge Dr, 75149, this stabilized property boasts a new 5-year lease (commencing June 15, 2024, and expiring May 15, 2029) with a reputable coin laundry tenant who recently completed a full remodel, including new washers, dryers, and two HVAC units. The property features a new TPO roof (installed June 2024), 15 parking spaces, and sits on a 15,681 square foot lot. The lease is a NNN structure, with the tenant responsible for all taxes, insurance, common area maintenance, and utilities. Base rent is $3,300 per month for years one and two, increasing to $3,500 per month for years three through five. The property offers a strong 6.60% cap rate based on a current Net Operating Income (NOI) of $39,600. The tenant also holds a right of first refusal on a potential purchase. This fee-simple property is zoned for retail (Retail - THN) and presents a low-risk, high-return investment opportunity with built-in rent bumps and two five-year renewal options. The property benefits from high traffic counts on Galloway Ave. The tenant has occupied the building for over 20 years, demonstrating a long-term commitment to the location. This is a turnkey investment ready for immediate cash flow.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Mesquite
- County
- Dallas
- State
- Texas
- Longitude
- -96.6078
- Latitude
- 32.7879
- 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
$3,832
$75,270
$88,900
$164,170
-
$75,270
$88,900
$164,170
