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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Strip malls
701 Cartwright Rd Mesquite, TX 75149-6069
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-0367029
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1999
Construction
TILT-UP CONCRETE
Total area
10,200 SF
Lot
1.9 ac (82,720 SF)
Zoning code
Z97
APN
38012960010060000
UPID
US82-0367029
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
-
Toudanines Fine Dry Cleaning (Bike/Boat/Book/etc) Store
-
Metro by T-Mobile Mobile Phone Store Electronics & Wireless Store
-
Morning Treat Donuts Bakery Discount Store
-
BURGER POP MESQUITE Restaurant
-
Pizza Hut Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$475k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$637k
Blend (final)
Blend
$555k
Owner & transaction history
Jahco Pioneer LLC · 10 yrs held
Jahco Pioneer LLC
since 2016
5 recorded transactions
Zoning & alternative use
Z97 · 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
Method
Estimation
Statistic approach
by Request
ML approach
$475,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$455,000
Current use
Blend value · Realmo final
$555k
Range $500k – $611k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$54 / SF
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
$42,367
Tax year 2023
Assessed value
$1,814,860
Assessed 2023
Previous assessed
$1,814,860
+0.0% YoY
Effective rate
2.33%
On assessed value
Assessed land
$330,880
Assessed improvement
$1,483,980
Land market value
$330,880
Improvement market value
$1,483,980
Total market value
$1,814,860
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
1999
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
10,200 SF
Lot
1.9 ac (82,720 SF)
Zoning code
Z97
APN
38012960010060000
UPID
US82-0367029
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z97 · Mesquite, TX
Zoning Z97 · permitted uses
Z97 · Mesquite, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mesquite. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$455,000
NEIGHBORHOOD: SHOPPING CENTER Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1999
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.9 ac
Current owner
From public records · entity-resolved
Jahco Pioneer LLC
Entity
Mailing address
1717 MAIN ST STE #2600, DALLAS, TX 75201-7310
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 9, 2016
—
John A Henry & Co Ltd
—
Trustees Deed
related
—
Jun 3, 2016
—
Jahco Pioneer LLC
Pioneer Plaza Tt Owner LLC
Quit Claim Deed
related
$3,400,000 · Jah Realty LP
Dec 3, 2015
—
Pioneer Plaza Tt Owner LLC
Ia Mesquite Pioneer LP
Quit Claim Deed
—
Apr 16, 2007
—
Inland American Mesquite Pione
Woodstead Realty General Ptshp
Grant Deed
related
—
Nov 1, 2002
—
Woodstead Realty LP
Randalls Food & Drugs LP
Grant Deed
$7,000,000 · Mitchell Mortgage Co
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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