Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    DeSoto Flex/Industrial/Office Property For Sale Title is generated by Realmo AI

    1301 E Parkerville Rd, Desoto, TX 75115

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    20,000 SF flex, industrial, and office property in DeSoto, TX.

    Type:Office, Industrial
    Property size:
    20,000 SF
    Price / SF:
    $115/SF
    Added:
    Mar 9, 2024
    Days on Market:
    795
    Last Refresh:
    Mar 17 at 1:25 pm

    Property Features for 1301 E Parkerville Rd

    General Information

    Standard status
    Active
    Size
    20,000 SF
    Property subtype
    Office, Industrial

    We can help!

    Listing Contact
    Sarah Mitchell

    Listing agent Sarah Mitchell License #509548

    Listing office Mote & Associates

    Listing date Mar 9, 2024

    Source Crexi

    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 Mote & Associates

    HighLights

    • No property information was provided to generate selling points.

    Overview

    This commercial real estate property, offered for sale, encompasses 20,000 square feet and is suitable for flex space, industrial, office units, office properties and spaces, warehouses, and other warehouse uses. The property is located in DeSoto, TX.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Casper Heating & Air ... HVAC Service Renaissance Tax Service, ... Accounting Firm Royalty Health Services Crisis Center Integrity Financial Services Logistics Company Monique Unique Stylez Hair Salon

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • DESOTO/CEDARHILL MOBILE MECHANICS — 1311 E Parkerville Rd, DeSoto, TX 75115

    Location Insight

    • Map
    • Local Demand
    City
    Desoto
    County
    Dallas
    State
    Texas
    Longitude
    -96.8271044
    Latitude
    32.5758696

    Nearby Similar for Sale

    • $525,000

      DeSoto Commercial Property For Sale

      Versatile commercial building ideal for office, medical, or retail use.
      701 N Hampton Road, DeSoto, TX 75115
      View Details
    • $425,000

      Retail Opportunity in DeSoto, TX

      Retail property with daycare finish-out and large backyard.
      106 Barrows Lane, DeSoto, TX 75115
      View Details
    • $465,000

      DeSoto Office Building For Sale

      Standalone office building in DeSoto with high visibility.
      580 N Hampton Road, DeSoto, TX 75115
      View Details
    • $3,295,000

      DeSoto Flex Space Opportunity

      Flex space ideal for investors or owner-occupants. 100% occupied.
      400 E Centre Park Boulevard, DeSoto, TX 75115
      View Details
    • $569,000

      DeSoto QSR Redevelopment Opportunity

      Standalone QSR building in DeSoto's Hampton Road Redevelopment Corridor.
      122 S Hampton Road, DeSoto, TX 75115
      View Details
    • $569,999

      Retail Property on Hampton Road

      Retail property in high-traffic area of DeSoto, Texas.
      233 N Hampton Road, DeSoto, TX 75115
      View Details
    • $795,000

      Prime Restaurant Building in DeSoto

      Freestanding restaurant on 0.62 acres with high visibility.
      1109 E Pleasant Run Road, DeSoto, TX 75115
      View Details
    • $1,500,000

      DeSoto Office on Two Acres

      1,960 SF office on 2 acres in DeSoto, TX.
      718 N Hampton Road, DeSoto, TX 75115
      View Details
    • $1,500,000

      Desoto Office Building For Sale

      13,565 SF office building in thriving Desoto, Texas.
      1701 N Hampton Road, DeSoto, TX 75115
      View Details
    • $999,000

      DeSoto Commercial Revitalization Opportunity

      Income-producing property in area for commercial revitalization. Multiple potential uses.
      1012 E Wintergreen Road, DeSoto, TX 75115
      View Details
    • $6,565,000
      38,451 SF

      Fully Occupied DeSoto Retail Center

      Multi-tenant retail center in DeSoto, Texas, 100% occupied.
      1615 & 1619 N Hampton Rd, DeSoto, TX 75115
      View Details
    • $2,950,000
      19,386 SF

      DeSoto Office, Church, or School

      Versatile property suitable for office, church, or school use.
      2100 North Hampton Road, DeSoto, TX, 75115
      View Details

    FAQs

    What type of property is this?
    Flex space - 20,000 SF flex, industrial, and office property in DeSoto, TX.
    Where is this flex space located?
    The property is located at 1301 E Parkerville Rd Desoto, TX.
    What is the asking price?
    The asking price for this property is $2,300,000.
    What are key features of this property?
    This property features: No property information was provided to generate selling points.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Sarah Mitchell
    Real Estate License ID: 509548
    Learn More
    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.
    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
    1301 E Parkerville Rd, DeSoto, TX 75115
    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!