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

    3220 Gus Thomasson Rd Mesquite, TX 75150

    • Strip malls
    • 36,300 SF
    • 2.93 lot acres
    For Lease
    View listing
    Last Sale
    Dec 21, 2022
    Value Estimations
    $1,095,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0368742
    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

    • Kelsom Clinic / Medical Clinic
    • LabCorp / Medical Laboratory / Blood Testing Service
    • Dr. Catherine N. Okoronkwo, MD / Physician
    • Puzzle Piece Kids / Physician
    • Elite Hair & Nails / Nail Salon

    Property Details for 3220 Gus Thomasson Rd

    Year built
    1985
    Construction
    TILT-UP CONCRETE
    Lot size
    2.93 lot acres
    Property size
    36,300 SF
    Zone code
    Z97
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    382180000201A0000
    APU
    382180000201A0000

    Description

    This exceptional opportunity presents the acquisition of a well-established wig shop in Mesquite, Texas. Located at 3220 Gus Thomasson Rd, 75150, this Class B, single-story business boasts a strong reputation built on years of providing premium-quality wigs, hairpieces, and extensions to a loyal clientele. The business currently generates a Net Operating Income (NOI) of $70,000, resulting in a remarkable 93.33% capitalization rate. While the current lease expires on December 31, 2024, the asking price is $75,000, representing a price per square foot of $1,500. Pro forma projections indicate a NOI of $33,000 and a 44% capitalization rate, suggesting significant potential for growth and increased profitability under new ownership. All inventory, fixtures, and customer contacts are included in the sale, ensuring a seamless transition. The business benefits from a high-traffic location and a diverse customer base, with opportunities for expansion into new product lines, wholesale partnerships, and international markets. This turnkey operation is ideal for an owner-operator or investor seeking a profitable venture in the beauty industry. The business is situated in Dallas County, Texas.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,095,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,093,000
      Market price range: $713k - $2.01M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,500,000
      Current use
      WAREHOUSE, STORAGE
      $1,515,000
      Change: +1% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Mesquite
    County
    Dallas
    State
    Texas
    Longitude
    -96.6333
    Latitude
    32.8086
    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
    $81,706
    $764,560
    $2,735,440
    $3,500,000
    -
    $764,560
    $2,735,440
    $3,500,000

    Comparable in this City

    • Value Estimation
      $1,250,000
      29,893 SF

      1645 Town E Blvd

      SHOPPING CENTER, STRIP CENTER • 29,893 SF
      1645 Town E Blvd, Mesquite, TX 75150-4158
      View Details
    • Value Estimation
      $665,000
      18,341 SF

      2929 Galloway Ave

      SHOPPING CENTER, STRIP CENTER • 18,341 SF
      2929 Galloway Ave, Mesquite, TX 75150-6364
      View Details
    • Value Estimation
      $2,130,000
      61,305 SF

      2106 Galloway Ave

      SHOPPING CENTER, STRIP CENTER • 61,305 SF
      2106 Galloway Ave, Mesquite, TX 75150-5730
      View Details
    • Value Estimation by Request
      8,799 SF

      4929 Gus Thomasson Rd

      SHOPPING CENTER, STRIP CENTER • 8,799 SF
      4929 Gus Thomasson Rd, Mesquite, TX 75150-1004
      View Details
    • Value Estimation
      $595,000
      10,764 SF

      1519 Town E Blvd

      SHOPPING CENTER, STRIP CENTER • 10,764 SF
      1519 Town E Blvd, Mesquite, TX 75150-4129
      View Details
    • Value Estimation by Request
      7,573 SF

      2220 Town E Blvd

      SHOPPING CENTER, STRIP CENTER • 7,573 SF
      2220 Town E Blvd, Mesquite, TX 75150-4029
      View Details

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      Commercial building in high-traffic area suitable for retail or office.
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      Mesquite Restaurant with Drive-Thru

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    Similar Nearby for Lease

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      587 SF

      Retail Space in Mesquite, Texas

      Retail space available at Gus Thomasson Center in Mesquite.
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      Shops at Gus Thomasson: Prime Retail Space

      Mesquite Retail Center: High-traffic location, ample parking.
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      View Details
    • Contact for pricing
      1,530 SF

      Mesquite Retail Center Space Available

      Retail space available in Thomasson Square Shopping Center, Mesquite.
      4414 Gus Thomasson Rd, Mesquite, TX 75150
      View Details
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    Mesquite, TX 75150
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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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