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Property profile & analytics
OFF-MARKET
Strip malls
3801 Gus Thomasson Rd Mesquite, TX 75150-3695
Individually Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-4157021
Property summary
AI-generated overview
This Mesquite, Texas storefront presents a compelling investment opportunity with a stabilized 6.51% cap rate. The 2,520 square foot building, situated on an 11,000 square foot lot at 3801 Gus Thomasson Rd, zip code 75150, is currently 40% occupied by two tenants under a triple net (NNN) lease. The property boasts a strong pro-forma NOI of $38,528, reflecting a projected full occupancy at $15.00 per square foot base rent. Built in 1961, this single-story structure is zoned C - Commercial and features a newly installed Duro-Last roof and a recently renovated parking lot (2023). The asking price is $592,200, translating to $235 per square foot. This property is ideal for investors seeking a stable income stream and potential for future appreciation, or for an owner-occupant seeking both operational space and supplemental rental income. Detailed financial information is available upon request. The property is located in Dallas County.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1961
Construction
FRAME
Total area
2,520 SF
Lot
0.25 ac (11,000 SF)
Zoning code
Z31
APN
38021500000010200
UPID
US82-4157021
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
ACE Cash Express Loan Service
-
MoneyGram Bank Credit Union
-
ACE Cash Express - ATM Atm
-
Fine Line Tattoo Tattoo & Piercing Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Rodrigo Larez · 3 yrs held
Rodrigo Larez
since 2023
6 recorded transactions
Zoning & alternative use
Z31 · Mesquite, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Mesquite submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mesquite submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$6,579
Tax year 2023
Assessed value
$281,820
Assessed 2023
Previous assessed
$281,820
+0.0% YoY
Effective rate
2.33%
On assessed value
Assessed land
$132,000
Assessed improvement
$149,820
Land market value
$132,000
Improvement market value
$149,820
Total market value
$281,820
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1961
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
2,520 SF
Lot
0.25 ac (11,000 SF)
Zoning code
Z31
APN
38021500000010200
UPID
US82-4157021
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z31 · Mesquite, TXZoning Z31 · permitted uses
Z31 · Mesquite, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1961
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.25 ac
Current owner
From public records · entity-resolved
Rodrigo Larez
Individual
Free & Clear · 3 yrs held
Mailing address
2537 FULTON DR STE #101, MESQUITE, TX 75150-3650
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 1, 2023
—
Rodrigo Larez
T & C Property Solutions LLC
Warranty Deed
—
Feb 24, 2023
—
Jose Flores
Eric Jason Bowerman
Warranty Deed
—
May 18, 2022
—
Robert Kinnard
Kathy Ann Burnsh
Special Warranty Deed
—
May 4, 2022
—
Mary Lynn Graves Anderson
Kathy Ann Burns
Affidavit Of Death Of Joint Tenant
—
Mar 7, 2022
—
Eric J Bowerman
Angiani Fudge
Warranty Deed
—
Mar 10, 2010
—
Pcap Properties Co
Cassandra Eleni Properties Co
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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