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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Strip malls
2301 Oates Dr Mesquite, TX 75150-1196
Entity Owned
21-yr Hold
Free & Clear
Property ID
US82-3438091
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1985
Construction
TILT-UP CONCRETE
Total area
10,122 SF
Lot
0.92 ac (40,000 SF)
Zoning code
Z97
APN
38051500010010000
UPID
US82-3438091
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
-
Puff Paradise (Bike/Boat/Book/etc) Store
-
Mi Casa Mexican Foods Restaurant
-
Bitcoin ATM Mesquite - Coinhub Atm Currency Exchange Service
-
All City Agency Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$515k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$536k
Blend (final)
Blend
$525k
Owner & transaction history
Skl Investments Co Ltd · 21 yrs held
Skl Investments Co Ltd
since 2004
2 recorded transactions
Zoning & alternative use
Z97 · Mesquite, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$870,000
+108.6%
Commercial (general)
$860,000
+105.6%
Medical building
$710,000
+70.1%
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
$515,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$420,000
Current use
OFFICE BUILDING
$870,000
Change: +109% · Conversion: Moderate
COMMERCIAL (GENERAL)
$860,000
Change: +106% · Conversion: Easy
MEDICAL BUILDING
$710,000
Change: +70% · Conversion: Difficult
RETAIL STORES
$570,000
Change: +37% · Conversion: Easy
WAREHOUSE, STORAGE
$425,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±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
$52 / 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
$40,036
Tax year 2023
Assessed value
$1,715,000
Assessed 2023
Previous assessed
$1,715,000
+0.0% YoY
Effective rate
2.33%
On assessed value
Assessed land
$320,000
Assessed improvement
$1,395,000
Land market value
$320,000
Improvement market value
$1,395,000
Total market value
$1,715,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1985
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
10,122 SF
Lot
0.92 ac (40,000 SF)
Zoning code
Z97
APN
38051500010010000
UPID
US82-3438091
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z97 · Mesquite, TX
Zoning Z97 · permitted uses
Z97 · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$420,000
OFFICE BUILDING
Est. value
$870,000
COMMERCIAL (GENERAL)
Est. value
$860,000
MEDICAL BUILDING
Est. value
$710,000
RETAIL STORES
Est. value
$570,000
WAREHOUSE, STORAGE
Est. value
$425,000
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
1985
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.92 ac
Current owner
From public records · entity-resolved
Skl Investments Co Ltd
Entity
Free & Clear · 21 yrs held
Mailing address
3820 BRYN MAWR DR, DALLAS, TX 75225-7122
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 4, 2004
—
Skl Investments Co Ltd
Leung Yau Co INC
Warranty Deed
related
—
Jul 2, 2001
—
Leung Yau Co INC
Texas Red Oak Properties INC
Grant Deed
$748,000 · First International Bank
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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