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Property profile & analytics
FOR SALE
Medical Office Space
2698 N Galloway Ave Mesquite, TX 75150
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US82-2023053
For Sale
1 / 16
Contact for pricing
2698 N Galloway Ave, Mesquite, TX 75150
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Property summary
AI-generated overview
This single-story, 17,178 square foot medical office building, situated on 1.35 acres in Mesquite, Texas, presents a compelling investment opportunity. Built in 2003 and extensively renovated in 2023, the Class B property boasts a desirable location at 2698 N Galloway Ave, zip code 75150, within Dallas County. The building features two suites, currently offering 3,159 square feet of vacant space, divisible into units ranging from 711 to 2,448 contiguous square feet. Ideal for various medical practices, the property benefits from an existing tenant base and presents immediate occupancy potential. The building is currently operating at a 7% cap rate. No elevators are present. This property offers a blend of established tenancy and readily available space, making it an attractive prospect for investors and medical professionals alike. The property's recent renovation ensures modern amenities and functionality. The address is easily accessible and well-suited for patient and staff convenience. This is a rare opportunity to acquire a well-maintained medical office building in a thriving Texas market.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2003
Construction
TILT-UP CONCRETE
Total area
17,178 SF
Lot
1.36 ac (59,198 SF)
Zoning code
Z31
APN
38092550013R20000
UPID
US82-2023053
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
-
Jeremiah Kassahun Sisay Physician
-
Terrell Orthopedic Clinic Physician
-
Suresh Margassery - Dallas Renal Group Physician Medical Clinic
-
Cancer Center Associates Professional Services
-
Antonio Barksdale MD - Mesquite Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$785k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$848k
Blend (final)
Blend
$815k
Owner & transaction history
Arya Investors Group LP · 4 yrs held
Arya Investors Group LP
since 2022
1 recorded transaction
Zoning & alternative use
Z31 · Mesquite, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$785,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,205,000
Current use
RETAIL STORES
$970,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$815k
Range $734k – $897k · ±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
$47 / 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
$61,863
Tax year 2023
Assessed value
$2,650,000
Assessed 2023
Previous assessed
$2,650,000
+0.0% YoY
Effective rate
2.33%
On assessed value
Assessed land
$150,950
Assessed improvement
$2,499,050
Land market value
$150,950
Improvement market value
$2,499,050
Total market value
$2,650,000
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
For Sale
Year built
2003
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
17,178 SF
Lot
1.36 ac (59,198 SF)
Zoning code
Z31
APN
38092550013R20000
UPID
US82-2023053
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z31 · Mesquite, TXZoning Z31 · permitted uses
Z31 · Mesquite, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.2M
RETAIL STORES
Est. value
$970,000
MEDICAL BUILDING Current
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
2003
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.36 ac
Current owner
From public records · entity-resolved
Arya Investors Group LP
Entity
Mailing address
1728 HIDALGO LNLN1, FRISCO, TX 75034-9680
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2022
—
Arya Investors Group LP
North Texas Medical Plaza Managemen
Warranty Deed
$2,719,000 · Ciera 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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