Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3247 Karla Dr Mesquite, TX 75150-1745

    • Retail space
    • 3,102 SF
    • 0.22 lot acres
    OFF-MARKET
    Value Estimations
    $300,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4823216
    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

    • 'Marichela Beauty Salon' / Beauty Salon

    Property Details for 3247 Karla Dr

    Year built
    1997
    Construction
    TILT-UP CONCRETE
    Lot size
    0.22 lot acres
    Property size
    3,102 SF
    Zone code
    Z97
    Property type
    Retail space
    APN
    380485002424A0000
    APU
    380485002424A0000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $300,000

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $385,000
      OFFICE BUILDING
      $265,000
      COMMERCIAL (GENERAL)
      $265,000
      MEDICAL BUILDING
      $220,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Mesquite
    County
    Dallas
    State
    Texas
    Longitude
    -96.6484
    Latitude
    32.8269
    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
    $5,975
    $38,320
    $217,640
    $255,960
    -
    $38,320
    $217,640
    $255,960

    Comparable in this City

    • Value Estimation
      $660,000
      17,980 SF

      3010 Interstate 30

      RETAIL STORES (PERSONAL SERVICES) • 17,980 SF
      3010 Interstate 30, Mesquite, TX 75150-2713
      View Details
    • Value Estimation
      $1,415,000
      40,780 SF

      18515 Lyndon B Johnson Fwy

      RETAIL STORES (PERSONAL SERVICES) • 40,780 SF
      18515 Lyndon B Johnson Fwy, Mesquite, TX 75150-5625
      View Details
    • Value Estimation
      $1,075,000
      20,433 SF

      18865 Lyndon B Johnson Fwy

      RETAIL STORES (PERSONAL SERVICES) • 20,433 SF
      18865 Lyndon B Johnson Fwy, Mesquite, TX 75150-6410
      View Details
    • Value Estimation
      $395,000
      4,344 SF

      125 Us Hwy 80th E

      RETAIL STORES (PERSONAL SERVICES) • 4,344 SF
      125 Us Hwy 80th E, Mesquite, TX 75150
      View Details
    • Value Estimation
      $1,785,000
      10,856 SF

      18775 Lyndon B Johnson Fwy

      RETAIL STORES (PERSONAL SERVICES) • 10,856 SF
      18775 Lyndon B Johnson Fwy, Mesquite, TX 75150-6408
      View Details
    • Value Estimation
      $305,000
      4,512 SF

      4355 Interstate 30

      RETAIL STORES (PERSONAL SERVICES) • 4,512 SF
      4355 Interstate 30, Mesquite, TX 75150-2035
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      15,800 SF

      Retail Showroom in Mesquite, Texas

      Retail showroom available for sale in Mesquite, Texas.
      3880 W Emporium Cir, Mesquite, TX 75150
      View Details
    • Contact for pricing
      4,495 SF

      Retail Property Near Town East

      Retail property with roll-up door, near Town East Mall.
      2736 Towne Centre Dr, Mesquite, TX 75150
      View Details
    • New
      $499,950
      0.66 Acres

      Mesquite Commercial Building on Gus Thomasson

      Commercial building in high-traffic area suitable for retail or office.
      4224 Gus Thomasson Rd, Mesquite, TX 75150
      View Details
    • $2,589,000
      5,942 SF

      Retail Outparcel in Mesquite, TX

      Retail property with national tenants and high visibility.
      19121 Lyndon B Johnson Fwy, Mesquite, TX 75150
      View Details
    • Contact for pricing
      1.57 Acres

      Mesquite Retail Redevelopment Opportunity

      1.57-acre commercial lot, high-traffic area.
      4545 Gus Thomasson Rd, Mesquite, TX 75150
      View Details
    • $1,195,000
      4,495 SF

      Mesquite Office Building - $1.195M

      Prime Mesquite Office/Flex Space, High Visibility
      2736 Towne Centre Dr, Mesquite, TX 75150
      View Details

    Similar Nearby for Lease

    • $1.00 SF/Yr
      2,000 SF

      Mesquite Retail & Office Space

      2,000 sq ft, Dallas County, TX
      2030 Belt Line Rd, Mesquite, TX 75150
      View Details
    • Contact for pricing
      4,250 SF

      Retail Endcap Space Available

      4,250 SF endcap space available July 1, 2024.
      18661-18671 Lyndon B Johnson Fwy, Mesquite, TX 75150
      View Details
    • Contact for pricing
      2,771 SF

      Retail Space in Mesquite, TX

      2,771 SF retail space available on LBJ Freeway.
      2501 Towne Crossing Blvd, Mesquite, TX 75150
      View Details
    • Contact for pricing
      4,111 SF

      Retail Space Near North Mesquite

      Retail space adjacent to North Mesquite High School.
      3220 Gus Thomasson Rd, Mesquite, TX 75150
      View Details
    • Contact for pricing
      8,834 SF

      Retail Space in Mesquite Area

      8,800 SF retail space with high visibility and signage.
      5200 Gus Thomasson Rd, Mesquite, TX 75150
      View Details
    • $10 SF/Yr
      58,716 SF

      3301 Town Blvd

      Restaurants • 58,716 SF
      3301 Town Blvd, Mesquite, TX 75150
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3247 Karla Dr
    Mesquite, TX 75150-1745
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.