Building Details

Building Size 22,500 SF

Year Built 1973

Listing Agency: Bates Real Estate, LLC

Listed By: Caleb Bates Show Phone

Source: Nilesrealtygroup

Added: Jul 30 Changed: Oct 6 Last Checked: Oct 21 at 4:23AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bates Real Estate, LLC

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Investment Insights

Based on property information with market context.

This 22,500-square-foot flex property at 1101 S Hampton Rd in DeSoto, Texas, combines office and operational space with eight grade-level doors. The office component includes 5 private offices, a kitchen and breakroom, and upgraded LED lighting. The building offers 13'-16' clear height and heavy power supported by 8 separate electric meters.

Abundant off-street parking complements the property’s functional layout. The combination of private offices, grade-level access, clear height, and separately metered heavy power supports a range of commercial operations within a single flex-space asset.

Key Highlights

• 22,500 square feet of flex space at 1101 S Hampton Rd, DeSoto, TX 75115
• Eight (8) grade level doors
• 13'- 16' clear height

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$141,629

Cap Rate

7.15%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,832,580 $2.8M

Cap Rate 7%

$2,023,271 $2.0M

Cap Rate 9%

$1,573,656 $1.6M

Is this asking price fair?

Market Conditions

NOI Build-Up for 22,500 SF

Gross rent

$182.7K $8.12/SF

− Vacancy

−$16.1K −$0.71/SF

EGI

$166.6K $7.41/SF

− OpEx

−$25.0K −$1.11/SF

NOI

$141.6K $6.29/SF

Area

Dallas County, TX

Vacancy

8.80%

Lease Rate

$8.12 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,832,580

Cap Rate 7%

$2,023,271

Cap Rate 9%

$1,573,656

Alternative Uses

Best Use

Office B

$4.56M

$3.99M – $5.32M (±1% cap)

NOI $318,938 @ 7.0% cap · market cap 16.11%

Second Best

Warehouse

$2.02M

$1.77M – $2.36M (±1% cap)

NOI $141,629 @ 7.0% cap · market cap 7.15%

Theoretical Best

Multifamily LT 5

$269.70M

$235.99M – $314.65M (±1% cap)

NOI $18,878,974 @ 7.0% cap · market cap 953.48%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Desoto Nursing & Rehabilitation ... Rehabilitation Center Pinnacle Rehab Medical Clinic Duramar Venus Kitchen ... Construction Company Dr. Elmer Lizama Physician Duramar Venus Kitchen ... Hardware & Home Improvement

Suggested Use

Top Pick Real Estate Agency Law Firm Auto Parts Store Grocery & Convenience Store Kitchen & Bath Showroom Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

16 ft

Clear height

8

Drive-in doors

Yes

Heavy power

Location Intelligence

Trade Area within ½ mile

150

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 75115, TX

56,164

Population

22,054

Households

2.5

Avg Household Size

41

Median Age

30%

College-Educated

91%

High-School Grad

21.0 sq mi

ZIP Area

2,674

Density / Sq Mi

$83,386

Median Household Income

$47,949

Median Earnings

$1,478

Median Rent

$282,900

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Similar Off Market Nearby

• Winners Cook — 1506 Clemson Dr, Red Oak, TX 75154
• Cajun Creole Catering — 1209 Rio Vista Dr, DeSoto, TX 75115

Frequently Asked Questions

What type of property is this?

Flex space - Flexible commercial space combines private offices, heavy power, and abundant off-street parking.

Where is this flex space located?

The property is located at 1101 S Hampton Road Desoto, TX.

What is the asking price?

The asking price for this property is $1,980,000.

What are key features of this property?

This property features: 22,500 square feet of flex space at 1101 S Hampton Rd, DeSoto, TX 75115; Eight (8) grade level doors; 13'- 16' clear height