Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    700 Gross Rd Mesquite, TX 75149
    Back to Search
    Property profile & analytics

    700 Gross Rd, Mesquite, TX 75149

    View on Map
    • Apartment buildings
    • 238,456 SF
    • 27.00 lot acres
    Off-Market
    Property ID
    US83-3914032
    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
    $1,625,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 700 Gross Rd

    Year built
    2007
    Construction
    FRAME
    Lot size
    27.00 lot acres
    Zone code
    Z97
    Property type
    Apartment buildings
    APN
    382266100A0010000
    APU
    382266100A0010000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 22, 2007 — One Mesquite Creek One Prime Quit Claim Deed · related $16.9M · Keycorp R E Capital Marketing
    Mar 22, 2007 — Mgp 122002a Trust Gross Road Equitable Ptrs Ltd Grant Deed · related —
    Mar 19, 2007 — One Prime Gross Road Equitable Ptrs Ltd Grant Deed $1.1M · Miscellaneous Ins Co
    Aug 10, 2004 — Mgp 122002a Trust Gross Road Equitable Ptrs Ltd Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Mesquite
    County
    Dallas
    State
    Texas
    Longitude
    -96.6185
    Latitude
    32.7797
    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
    $396,856
    $2,352,240
    $14,647,760
    $17,000,000
    -
    $2,352,240
    $14,647,760
    $17,000,000

    Comparable in this City

    • Value Estimation
      $875,000
      36,456 SF

      1413 Range Dr

      APARTMENT HOUSE (5+ UNITS)
      1413 Range Dr, Mesquite, TX 75149-1691
      View Details
    • Value Estimation
      $855,000
      33,936 SF

      1409 Range Dr

      APARTMENT HOUSE (5+ UNITS)
      1409 Range Dr, Mesquite, TX 75149-1689
      View Details
    • Value Estimation
      $1,215,000
      163,276 SF

      100 Highland Vlg Dr

      APARTMENT HOUSE (5+ UNITS)
      100 Highland Vlg Dr, Mesquite, TX 75149
      View Details
    • Value Estimation
      $4,095,000
      386,240 SF

      4260 Us Hwy 80th E

      APARTMENT HOUSE (5+ UNITS)
      4260 Us Hwy 80th E, Mesquite, TX 75149-9028
      View Details
    • Value Estimation
      $1,175,000
      130,600 SF

      1602 Hickory Tree Rd

      APARTMENT HOUSE (5+ UNITS)
      1602 Hickory Tree Rd, Mesquite, TX 75149-6337
      View Details
    • Value Estimation
      $1,235,000
      158,250 SF

      200 Highland Vlg Dr

      APARTMENT HOUSE (5+ UNITS)
      200 Highland Vlg Dr, Mesquite, TX 75149-2482
      View Details

    Similar Nearby for Sale

    • $250,000
      0.32 Acres

      Mixed-Use Redevelopment Property

      MU-zoned acreage with a 1940 home and high-visibility traffic, offering value-add or redevelopment options with multiple exit strategies.
      406 S Bryan Belt Line Rd, Mesquite, TX 75149
      View Details
    • $550,000
      2.38 Acres

      Residential Development Land Corner

      Corner lot with utilities on SH-352, plus existing structures and pond, offering flexibility for residential or redevelopment plans.
      445 Highway 352, Mesquite, TX 75149
      View Details
    • $550,000
      2.39 Acres

      Corner Residential Development Site

      Fenced corner lot with utilities and existing structures, offering multiple paths for development, rehab, or redevelopment.
      445 W State Hwy 352, Mesquite, TX 75149
      View Details
    • $535,000
      5,528 SF

      Downtown Mesquite Main Street Property

      High-traffic auto shop, great location.
      517 Main St, Mesquite, TX 75149
      View Details
    • $155,000
      0.45 Acres

      Mesquite Commercial Land Opportunity

      Half-acre lot, prime Mesquite location.
      1622 Almond Dr, Mesquite, TX 75149
      View Details
    • $620,000
      910 SF

      Mesquite Development Opportunity

      High-value land, residential zoning.
      445 Highway 352, Mesquite, TX 75149
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Medical Office Space Available

      One-story medical building with strong visibility and ample parking.
      1611 N Belt Line Rd, Mesquite, TX 75149
      View Details
    • Contact for pricing

      Retail/Office Space Near Hospital

      Move-in ready space ideal for retail, medical, or professional services.
      125 E Grubb Dr, Mesquite, TX 75149
      View Details
    • Contact for pricing
      1,650 SF

      New Retail/Office/Medical Space Available

      New construction retail, office, or medical space for lease.
      955 W Cartwright Rd, Mesquite, TX 75149
      View Details
    • Contact for pricing
      150 SF

      All Bills Paid Office Space

      Office space for rent with all bills paid.
      609 N Ebrite St, Mesquite, TX 75149
      View Details
    • Contact for pricing
      186,720 SF

      Mesquite Warehouse Space Available

      186,720 square foot warehouse space for lease in Mesquite.
      4401 Samuell Blvd, Mesquite, TX 75149
      View Details
    • Contact for pricing
      20,000 SF

      New Warehouse with Office Space

      20,000 SF warehouse with new office space for lease.
      2011 S Town East Blvd, 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.
    700 Gross Rd
    Mesquite, TX 75149
    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

    Thank You for Inquiry
    700 Gross Rd, Mesquite, TX, 75149
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!