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

    3333 Gus Thomasson Rd Mesquite, TX 75150-4005

    • Retail space
    • 2,655 SF
    • 0.35 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3689614
    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

    • H&R Block / Tax Preparation

    Property Details for 3333 Gus Thomasson Rd

    Year built
    1972
    Construction
    TILT-UP CONCRETE
    Lot size
    0.35 lot acres
    Property size
    2,655 SF
    Zone code
    Z97
    Property type
    Retail space
    APN
    38074500010020100
    APU
    38074500010020100

    Description

    This exceptional retail property, known as East Town Plaza, presents a prime investment opportunity in the thriving city of Mesquite, Texas. Located at 3333 Gus Thomasson Rd, zip code 75150, this multi-tenant commercial building boasts a total of 13,325 square feet situated on a generous 41,905 square foot lot. Currently, there is 960 square feet of immediately available retail space, perfect for a variety of businesses seeking high visibility and convenient access. The property is situated in Dallas County and benefits from excellent exposure to a high volume of daily traffic. The existing building provides a solid foundation for a new tenant, offering the potential for immediate occupancy and rapid business growth. The location within Mesquite offers a strong customer base and ample parking for patrons. This is an exceptional opportunity to establish or expand a retail presence in a dynamic and growing market. The property's size and location make it ideal for a variety of retail uses, providing significant potential for return on investment. Serious inquiries are encouraged to explore this compelling opportunity further. Detailed property information and floor plans are available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Mesquite
    County
    Dallas
    State
    Texas
    Longitude
    -96.6347
    Latitude
    32.8103
    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
    $5,288
    $136,420
    $90,080
    $226,500
    -
    $136,420
    $90,080
    $226,500

    Comparable in this City

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      9.58 Acres

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      $2,110,000
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      1233 Town E Blvd

      RETAIL STORES (PERSONAL SERVICES) • 36,909 SF
      1233 Town E Blvd, Mesquite, TX 75150-4605
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    • Value Estimation
      $1,010,000
      16,554 SF

      1601 Town E Blvd

      RETAIL STORES (PERSONAL SERVICES) • 16,554 SF
      1601 Town E Blvd, Mesquite, TX 75150-4105
      View Details
    • Value Estimation by Request
      8,241 SF

      4539 Gus Thomasson Rd

      RETAIL STORES (PERSONAL SERVICES) • 8,241 SF
      4539 Gus Thomasson Rd, Mesquite, TX 75150-1728
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    • Value Estimation
      $800,000
      12,956 SF

      2711 Motley Dr

      RETAIL STORES (PERSONAL SERVICES) • 12,956 SF
      2711 Motley Dr, Mesquite, TX 75150-3812
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      $705,000
      14,784 SF

      2150 Towne Ctr Dr

      RETAIL STORES (PERSONAL SERVICES) • 14,784 SF
      2150 Towne Ctr Dr, Mesquite, TX 75150-5428
      View Details

    Similar Nearby for Sale

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      Mesquite Commercial Building on Gus Thomasson

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      Retail Outparcel in Mesquite, TX

      Retail property with national tenants and high visibility.
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      1.57 Acres

      Mesquite Retail Redevelopment Opportunity

      1.57-acre commercial lot, high-traffic area.
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      Mesquite Office Building - $1.195M

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    Similar Nearby for Lease

    • $10 SF/Yr
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      3301 Town Blvd

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      1,381 SF

      Retail Space with High Visibility

      Retail space with easy access and exterior renovations underway.
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      View Details
    • $1.00 SF/Yr
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      Mesquite Retail & Office Space

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      Retail Endcap Space Available

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      2,771 SF

      Retail Space in Mesquite, TX

      2,771 SF retail space available on LBJ Freeway.
      2501 Towne Crossing Blvd, Mesquite, TX 75150
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    • 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
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    Mesquite, TX 75150-4005
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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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