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

    3248 Executive Blvd Mesquite, TX 75149-2704

    • Warehouses
    • 19,951 SF
    • 2.54 lot acres
    OFF-MARKET
    Last Sale
    Jul 01, 2024
    Value Estimations
    $615,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-1658622
    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

    • SAW Custom Millwork / Cabinet Maker

    Property Details for 3248 Executive Blvd

    Year built
    1963
    Construction
    TILT-UP CONCRETE
    Lot size
    2.54 lot acres
    Property size
    19,951 SF
    Zone code
    Z109
    Property type
    Warehouses
    APN
    38191500000080000
    APU
    38191500000080000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $575,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $655,000
      Market price range: $351k - $963k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $630,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $895,000
      Change: +42% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Mesquite
    County
    Dallas
    State
    Texas
    Longitude
    -96.649
    Latitude
    32.7707
    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
    2024
    $27,881
    $276,770
    $917,560
    $1,194,330
    -
    $276,770
    $917,560
    $1,194,330

    Comparable in this City

    • Value Estimation
      $1,450,000
      34,760 SF

      626 Windbell Cir

      MINI-WAREHOUSE, STORAGE • 34,760 SF
      626 Windbell Cir, Mesquite, TX 75149-3115
      View Details
    • Value Estimation
      $1,200,000
      399,385 SF

      1371 Town E Blvd

      MINI-WAREHOUSE, STORAGE • 399,385 SF
      1371 Town E Blvd, Mesquite, TX 75149-6700
      View Details
    • Value Estimation
      $320,000
      100 SF

      1101 Main St

      MINI-WAREHOUSE, STORAGE • 100 SF
      1101 Main St, Mesquite, TX 75149-4809
      View Details
    • Value Estimation
      $1,005,000
      39,270 SF

      3201 Military Pkwy

      MINI-WAREHOUSE, STORAGE • 39,270 SF
      3201 Military Pkwy, Mesquite, TX 75149-2795
      View Details
    • Value Estimation
      $330,000
      6,840 SF

      5000 Samuell Blvd

      MINI-WAREHOUSE, STORAGE • 6,840 SF
      5000 Samuell Blvd, Mesquite, TX 75149
      View Details
    • Value Estimation
      $305,000
      9,740 SF

      934 Dalworth Dr

      MINI-WAREHOUSE, STORAGE • 9,740 SF
      934 Dalworth Dr, Mesquite, TX 75149-4148
      View Details

    Similar Nearby for Sale

    • $13,500,000
      104,630 SF

      Mesquite Industrial Warehouse

      104,630 SF Distribution Center, Owner-User Opportunity
      3033 Military Pkwy, Mesquite, TX 75149
      View Details
    • Contact for pricing
      19,951 SF

      Mesquite Warehouse with Heavy Power

      19,951 SF warehouse featuring 14' ceilings and three dock doors.
      3248 Executive Blvd, Mesquite, TX 75149
      View Details
    • $350,000
      0.24 Acres

      Mesquite Warehouse with Owner Financing

      Warehouse in Mesquite, TX, with owner financing available.
      611 W Davis St, Mesquite, TX 75149
      View Details
    • Contact for pricing
      19,951 SF

      Mesquite Warehouse with Easy Access

      Warehouse with 14' ceiling height and heavy power.
      3248 Executive Blvd, Mesquite, TX 75149
      View Details
    • $8,950,000
      48,800 SF

      Mesquite Warehouse with Heavy Power

      48,800 SF warehouse with heavy power and fenced parking.
      2947 Executive Blvd, Mesquite, TX 75149
      View Details
    • Contact for pricing
      6,940 SF

      High Visibility End Cap Space

      Ideal for food, office, or retail use on Galloway.
      1418-1426 N Galloway Ave, Mesquite, TX 75149
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      157,873 SF

      Mesquite Warehouse with Highway Frontage

      157,873 SF warehouse with trailer parking and highway frontage.
      352 & Long Crk Rd -, Mesquite, TX 75149
      View Details
    • Contact for pricing
      203,488 SF

      High-Quality Industrial Facility Available

      203,488 SF warehouse and office space for lease.
      2800 Us Highway 80, Mesquite, TX 75149
      View Details
    • Contact for pricing
      157,873 SF

      Mesquite Warehouse Space Available

      Class A warehouse space with modern amenities in Mesquite, TX.
      160 Long Creek Rd, Mesquite, TX 75149
      View Details
    • Contact for pricing
      14,535 SF

      Industrial Space with Fenced Storage

      14,535 SF industrial space with immediate highway access.
      2027 Presidential Row, Mesquite, TX 75149
      View Details
    • Contact for pricing
      12,824 SF

      Mesquite Warehouse Space Available

      Industrial warehouse space available for lease in Mesquite, Texas.
      700-720 Military Pkwy, Mesquite, TX 75149
      View Details
    • Contact for pricing
      184,076 SF

      Mesquite Warehouse with Freeport Tax

      184,076 SF warehouse in Dallas County with strong labor.
      352 & Long Crk Rd, Mesquite, TX 75149
      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.
    3248 Executive Blvd
    Mesquite, TX 75149-2704
    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.