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Property profile & analytics
OFF-MARKET Estimated value $645,000
Medical Office Space

2540 Galloway Ave Mesquite, TX 75150-6306

16,950 SF 2.62 ac lot Built 1983
Entity Owned Free & Clear
Property ID
US82-4310008
Property summary
AI-generated overview

This exceptional investment opportunity presents a 22,559 square foot, six-building Class B medical office complex situated on a 2.62-acre lot in the Mesquite/Forney/Terrell submarket of Dallas County. The property boasts convenient access to Highway 80 and Interstate 635, offering excellent visibility and accessibility for patients and staff. Currently, the entire 22,559 square feet is available for lease, with flexible space options ranging from a minimum of 1,380 square feet to a maximum contiguous space of 9,164 square feet. Each of the six single-story buildings offers second-generation medical office suites, providing tenants with turnkey solutions for immediate occupancy. The ample parking provides a 4.7:1,000 square foot ratio, ensuring convenient parking for both patients and staff. The property is locally owned and managed, promising responsive and attentive property management. The minimum lease rate is $20.00 per square foot annually. This property is ideal for medical practices seeking a well-maintained, conveniently located, and readily available space in a thriving Dallas/Fort Worth submarket. The property's size and layout offer significant potential for expansion or consolidation, making it an attractive option for both established and emerging medical practices.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1983
Construction TILT-UP CONCRETE
Total area 16,950 SF
Lot 2.62 ac (114,214 SF)
Zoning code Z237
APN 38092550000010000
UPID US82-4310008
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
  • Alfredo Rodriguez Physician Medical Clinic
  • Thomas Sam Physician
  • Eftekhari Alireza Physician
  • Dr. Khurshid Khan, MD Physician
  • Dr. Joel D. Holliday, DO Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$605k
CAP Approach CAP
by Request
Comparable Approach Comparable
$687k
Blend (final) Blend
$645k
Owner & transaction history
GALLOWAY MEDICAL ARTS ASSOCIATION
GALLOWAY MEDICAL ARTS ASSOCIATION
Zoning & alternative use
Z237 · Mesquite, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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