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    4414 Gus Thomasson Rd Mesquite, TX 75150
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    4414 Gus Thomasson Rd, Mesquite, TX 75150

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    • Grocery and convenience stores
    • 34,482 SF
    • 5.73 lot acres
    For Lease
    $950,000
    View Listing →
    Mesquite Retail Space For Rent For Lease
    $950,000

    Mesquite Retail Space For Rent

    Retail space available in Oates Park Shopping Center.

    4414 Gus Thomasson Rd, Mesquite, TX 75150
    View Listing
    Property ID
    US82-2624247
    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.
    Value Estimations
    $950,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Locke Supply Co - #191 - HVAC Supply / Big Box & Wholesale Store
    • Locke Supply Co - #190 - Electrical Supply / Big Box & Wholesale Store
    • Locke Supply Co - #189 - Plumbing Supply / Big Box & Wholesale Store

    Property Details for 4414 Gus Thomasson Rd

    Year built
    1978
    Construction
    TILT-UP CONCRETE
    Lot size
    5.73 lot acres
    Zone code
    Z97
    Property type
    Grocery and convenience stores
    APN
    382305000A11R0000
    APU
    382305000A11R0000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 30, 2014 — Tsca-203 LP Tsca-52/203 LP Quit Claim Deed · related $50k · Royal Bk/scotland Plc

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $955,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $941,000
      Market price range: $941k - $2.86M

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

    Location Insight

    • Map
    • Local Demand
    City
    Mesquite
    County
    Dallas
    State
    Texas
    Longitude
    -96.6447
    Latitude
    32.8235
    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
    $46,689
    $998,430
    $1,001,570
    $2,000,000
    -
    $998,430
    $1,001,570
    $2,000,000

    Comparable in this City

    • Value Estimation by Request
      3,136 SF

      1428 Oates Dr

      CONVENIENCE STORE
      1428 Oates Dr, Mesquite, TX 75150-1344
      View Details
    • Value Estimation by Request
      2,791 SF

      2110 Town E Blvd

      CONVENIENCE STORE
      2110 Town E Blvd, Mesquite, TX 75150-4040
      View Details
    • Value Estimation
      $710,000
      5,859 SF

      4451 Galloway Ave

      CONVENIENCE STORE
      4451 Galloway Ave, Mesquite, TX 75150-4220
      View Details
    • Value Estimation by Request
      2,585 SF

      2318 Galloway Ave

      CONVENIENCE STORE
      2318 Galloway Ave, Mesquite, TX 75150-5734
      View Details
    • Value Estimation by Request
      3,977 SF

      4100 Gus Thomasson Rd

      CONVENIENCE STORE
      4100 Gus Thomasson Rd, Mesquite, TX 75150-2226
      View Details
    • Value Estimation by Request
      2,004 SF

      18049 Lyndon B Johnson Fwy

      CONVENIENCE STORE
      18049 Lyndon B Johnson Fwy, Mesquite, TX 75150-2801
      View Details

    Similar Nearby for Sale

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      5,942 SF

      Retail Outparcel in Mesquite, TX

      Retail property with national tenants and high visibility.
      19121 Lyndon B Johnson Fwy, Mesquite, TX 75150
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      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
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      12,000 SF

      Retail Property on Belt Line

      Retail space with high visibility and easy highway access.
      115 N Belt Line Rd, Mesquite, TX 75150
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    • $599,999
      Pending

      Renovated Office/Warehouse with Gated Yard

      Renovated office and warehouse with HVAC, ADA features, and highway frontage plus a secure gated yard for operational flexibility.
      3325 Ih 30, Mesquite, TX 75150
      View Details
    • $730,000
      0.87 Acres

      Brick Multi-Use Office/Retail Building

      Brick property with on-site parking and flexible space options for retail, office, or multi-use investors.
      4915 Gus Thomasson Rd, Mesquite, TX 75150
      View Details
    • Contact for pricing
      4,495 SF

      Flex/Retail Property Near Town Mall

      Flex/Retail property with roll-up door, near Town East Mall.
      2736 Towne Centre Dr, Mesquite, TX 75150
      View Details

    Similar Nearby for Lease

    • 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
      1,184 SF

      Retail Space Near I-30

      Retail space with drive-thru potential near I-30 and LBJ.
      3215 N Town Blvd E, 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
      2,802 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
      1,230 SF

      Office/Retail Space Available

      Office/retail space with private entrance, open area, and offices.
      3213 Interstate 30, 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
    View Listing
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    Mesquite, TX 75150
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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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    4414 Gus Thomasson Rd, Mesquite, TX, 75150
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