Mixed-Use Property with
New
For Sale
$435,000
121 Little John Drive, Desoto, TX 75115
Three-bedroom home with an attached studio and General Retail zoning supports combined residential and commercial use.
Property Size2,292 SF
Days on Market4
Property Features for 121 Little John Drive
General Information
Standard status
Active
Size
2,292 SF
Property subtype
Commercial
Zoning
General Retail
Building Details
Building Size
2,292 SF
Year Built
1968
Units
1
Listing Agency:
CENTURY 21 Judge Fite Co.
(469) 955-9488
Listed By:
Jordan Borders · License #0728592
(469) 955-9488
Source:
Vickiesteam
Added: Aug 3
Changed: Aug 4
Last Checked: Aug 5 at 12:54PM
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 CENTURY 21 Judge Fite Co.
Investment Insights
Based on property information with market context.
This mixed-use property includes a three-bedroom, two-bath home with an attached studio. The additional space may function as a business front or office, creating a direct connection between the residence and a commercial-use component. The property contains over 3 acres, providing a substantial land area for the existing improvements.
General Retail zoning supports the property’s commercial positioning, while the residential layout offers three bedrooms and two full bathrooms. Built in 1968, the property is being sold as-is. Its combination of a residence, attached studio, acreage, and retail zoning creates a flexible configuration for an owner-user or buyer seeking both living and business space.
General Retail zoning supports the property’s commercial positioning, while the residential layout offers three bedrooms and two full bathrooms. Built in 1968, the property is being sold as-is. Its combination of a residence, attached studio, acreage, and retail zoning creates a flexible configuration for an owner-user or buyer seeking both living and business space.
Key Highlights
- Over 3 acres of land
- Three‑bedroom, two‑bath home
- Attached studio suitable for a business front or office
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $57.2k | $24.96 |
| − Vacancy | −$2.9k | −$1.25 |
| EGI | $54.3k | $23.71 |
| − OpEx | −$16.3k | −$7.11 |
| NOI | $38.0k | $16.60 |
2,292 SF · lease $24.96/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$543.5K
$475.6K – $634.1K
NOI $38,044 @ 7.0% cap · market cap 8.75%
Second Best
Mixed Use
$511.4K
$447.5K – $596.7K
NOI $35,800 @ 7.0% cap · market cap 8.23%
Theoretical Best
Multifamily LT 5
$27.47M
$24.04M – $32.05M
NOI $1,923,138 @ 7.0% cap · market cap 442.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
281
Businesses Nearby
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three-bedroom home with an attached studio and General Retail zoning supports combined residential and commercial use.
Where is this mixed-use property located?
The property is located at 121 Little John Drive Desoto, TX.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Over 3 acres of land; Three‑bedroom, two‑bath home; Attached studio suitable for a business front or office
