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    Property profile & analytics

    701 Cartwright Rd Mesquite, TX 75149

    • Strip malls
    • 10,200 SF
    • 1.90 lot acres
    For Lease
    View listing
    Value Estimations
    $555,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0367029
    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

    • Toudanines Fine Dry Cleaning / Dry Cleaner
    • Metro by T-Mobile / Cell Phone Accessory Store / Telecommunications Service Provider
    • Morning Treat Donuts / Donut Shop
    • BURGER POP MESQUITE / Hamburger Restaurant
    • Pizza Hut / Pizza Delivery / Chicken Wings Restaurant

    Property Details for 701 Cartwright Rd

    Year built
    1999
    Construction
    TILT-UP CONCRETE
    Lot size
    1.90 lot acres
    Property size
    10,200 SF
    Zone code
    Z97
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    38012960010060000
    APU
    38012960010060000

    Description

    Pioneer Plaza, located at 701 E Cartwright Rd, Mesquite, TX 75149, presents a compelling retail investment opportunity. This 22,252 square foot shopping center sits on a 2.25-acre lot and features a multi-tenant configuration. The property benefits from a prime location just east of IH-635, capitalizing on Mesquite's significant growth as a major employment hub. The area boasts over 14 million square feet of industrial inventory, including the largest PepsiCo bottling plant in the United States, supporting a diverse population exceeding 200,000 within a five-mile radius. Strong traffic drivers include a Tom Thumb grocery store (ranked #2 in the DFW Metroplex for traffic, exceeding 1.3 million annual visits), MetroPCS, Great Clips, Pizza Hut, CVS, Walgreens, Wingstop, AutoZone, and Chase Bank. This established center offers one available space, providing an excellent chance to establish or expand your business within a thriving retail environment. The property's strategic location and strong tenant mix make it an attractive investment prospect. Currently, one retail space is available for lease.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $475,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $636,000
      Market price range: $331k - $637k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $455,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Mesquite
    County
    Dallas
    State
    Texas
    Longitude
    -96.5862
    Latitude
    32.7453
    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
    $42,367
    $330,880
    $1,483,980
    $1,814,860
    -
    $330,880
    $1,483,980
    $1,814,860

    Comparable in this City

    • Value Estimation by Request
      5,400 SF

      1515 Kearney St

      SHOPPING CENTER, STRIP CENTER • 5,400 SF
      1515 Kearney St, Mesquite, TX 75149-7545
      View Details
    • Value Estimation
      $600,000
      10,840 SF

      1704 Military Pkwy

      SHOPPING CENTER, STRIP CENTER • 10,840 SF
      1704 Military Pkwy, Mesquite, TX 75149-3673
      View Details
    • Value Estimation
      $565,000
      11,032 SF

      1433 Belt Line Rd

      SHOPPING CENTER, STRIP CENTER • 11,032 SF
      1433 Belt Line Rd, Mesquite, TX 75149-5993
      View Details
    • Value Estimation by Request
      2,554 SF

      120 Main St

      SHOPPING CENTER, STRIP CENTER • 2,554 SF
      120 Main St, Mesquite, TX 75149-4332
      View Details
    • Value Estimation by Request
      5,528 SF

      130 Main St

      SHOPPING CENTER, STRIP CENTER • 5,528 SF
      130 Main St, Mesquite, TX 75149-4332
      View Details
    • Value Estimation by Request
      8,000 SF

      1720 Neal Gay Dr

      SHOPPING CENTER, STRIP CENTER • 8,000 SF
      1720 Neal Gay Dr, Mesquite, TX 75149-3873
      View Details

    Similar Nearby for Sale

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      Fully occupied retail center with value-add opportunity near Walmart.
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      Retail Property on Belt Line

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      Mesquite Retail NNN Opportunity

      NNN leased retail property with long term tenant in place.
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      Retail Opportunity in Mesquite, Texas

      Retail property available for sale in Mesquite, Texas.
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      Denny's NNN Lease Investment Opportunity

      Long-term NNN lease Denny's in growing Mesquite, Texas area.
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      Mesquite Retail Redevelopment Opportunity

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    Similar Nearby for Lease

    • Contact for pricing

      Grocery Anchored Shopping Center Space

      Neighborhood shopping center in Mesquite, Texas, anchored by Tom Thumb.
      1120 E Cartwright Rd, Mesquite, TX 75149
      View Details
    • Contact for pricing
      79,550 SF

      Kroger-Anchored Mesquite Shopping Center

      High-traffic retail space, Dallas County.
      0 Kearney Rd, Mesquite, TX 75149
      View Details
    • Contact for pricing
      22,252 SF

      Mesquite Retail Center Investment

      Grocery-anchored shopping center, high traffic.
      701 Cartwright Rd, Mesquite, TX 75149
      View Details
    • Contact for pricing

      Kroger Anchored Shopping Center Space

      Located next to the Mesquite Municipal Building.
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      View Details
    • Contact for pricing
      2,400 SF

      Retail Space in Kroger Anchored Center

      Retail space available in a busy, Kroger-anchored shopping center.
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      View Details
    • Contact for pricing
      7,500 SF

      Retail Space Near Mesquite Rodeo

      Retail space available in mixed-use community near IH-635.
      375 Rodeo Center Blvd, Mesquite, TX 75149
      View Details
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    701 Cartwright Rd
    Mesquite, TX 75149
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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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