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

    3424 Sorrento Dr Mesquite, TX 75150-2510

    • Motels
    • 26,947 SF
    • 1.13 lot acres
    OFF-MARKET
    Value Estimations
    $735,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3248702
    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

    • Quality Inn & Suites North Mesquite I-30 / Hotel

    Property Details for 3424 Sorrento Dr

    Year built
    1999
    Construction
    FRAME
    Lot size
    1.13 lot acres
    Property size
    26,947 SF
    Zone code
    Z31
    Property type
    Motels
    APN
    382105000221BR000
    APU
    382105000221BR000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $760,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $710,000
      Market price range: $577k - $883k

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $760,000
      Current use
      WAREHOUSE, STORAGE
      $1,125,000
      Change: +48% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Mesquite
    County
    Dallas
    State
    Texas
    Longitude
    -96.6541
    Latitude
    32.8087
    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
    $51,358
    $245,770
    $1,954,230
    $2,200,000
    -
    $245,770
    $1,954,230
    $2,200,000

    Comparable in this City

    • Value Estimation
      $510,000
      19,083 SF

      317 Us Hwy 80th E

      MOTEL • 19,083 SF
      317 Us Hwy 80th E, Mesquite, TX 75150-5825
      View Details
    • Value Estimation
      $515,000
      18,920 SF

      3517 Interstate 30

      MOTEL • 18,920 SF
      3517 Interstate 30, Mesquite, TX 75150-2632
      View Details
    • Value Estimation
      $335,000
      11,915 SF

      4405 Us Hwy 80th E

      MOTEL • 11,915 SF
      4405 Us Hwy 80th E, Mesquite, TX 75150-2423
      View Details
    • Value Estimation
      $630,000
      18,912 SF

      3901 Gus Thomasson Rd

      MOTEL • 18,912 SF
      3901 Gus Thomasson Rd, Mesquite, TX 75150-3633
      View Details
    • Value Estimation
      $790,000
      30,764 SF

      3629 Us Hwy 80th E

      MOTEL • 30,764 SF
      3629 Us Hwy 80th E, Mesquite, TX 75150-3722
      View Details
    • Value Estimation
      $1,025,000
      45,120 SF

      3601 Us Hwy 80th E

      MOTEL • 45,120 SF
      3601 Us Hwy 80th E, Mesquite, TX 75150-3722
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5.01 Acres

      Mesquite, TX Commercial Land

      ±5.01 Acres, General Retail Zoning
      2700 Motley Dr, Mesquite, TX 75150
      View Details
    • $350,000
      1.47 Acres

      Mesquite Commercial Land on IH-30

      Unimproved commercial land with high visibility and easy access.
      2390 Interstate 30, Mesquite, TX 75150
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    • New
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      Updated Office Building in Mesquite

      Iconic commercial property with high visibility and modern updates.
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    • Contact for pricing
      4.84 Acres

      Mesquite Commercial Land - Hwy 80

      ±4.84 Acres, High Traffic, Prime Location
      4000-4204 Us Highway 80, 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
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    • Contact for pricing
      33.68 Acres

      I-30 Mesquite Commercial Land

      Prime I-30 commercial land, high traffic.
      I-30 And Galloway Dr, Mesquite, TX 75150
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      62,676 SF

      Mesquite Crossing Shopping Center

      Prime Retail Space, High Traffic Area
      635 Town Blvd, 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
    • Contact for pricing
      1,381 SF

      Retail Space with High Visibility

      Retail space with easy access and exterior renovations underway.
      3501 Gus Thomasson Rd, Mesquite, TX 75150
      View Details
    • $14 SF/Yr
      47,743 SF

      Mesquite TX Office/Warehouse Complex

      Modern Office & Warehouse Space in Mesquite, TX
      2200 Franklin Dr, Mesquite, TX 75150
      View Details
    • Contact for pricing
      20,118 SF

      Mesquite Retail Space For Lease

      30,000 SF retail space in Mesquite's retail hub.
      3733 W Emporium Cir, Mesquite, TX 75150
      View Details
    • Contact for pricing
      6,084 SF

      Mesquite Medical/Office Space Available

      Second-generation medical/office space for lease in Mesquite, Texas.
      1600 Republic Pkwy, Mesquite, TX 75150
      View Details

    Property Visit Statistics

    • Visits by month
      1.7k
    • Visitors by month
      1.4k
    • Avg Time on site
      307 min
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    3424 Sorrento Dr
    Mesquite, TX 75150-2510
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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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