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    Fully Occupied DeSoto Retail Center Title is generated by Realmo AI

    1615 & 1619 N Hampton Rd, Desoto, TX 75115

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    For Sale
    $6,565,000

    Multi-tenant retail center in DeSoto, Texas, 100% occupied.

    Type:Shopping Strip
    Property size:
    38,451 SF
    Lot size:
    3.57 Acres
    Price / SF:
    $170/SF
    Added:
    Apr 3, 2026
    Days on Market:
    67
    Last Refresh:
    Apr 3 at 5:28 am

    Property Features for 1615 & 1619 N Hampton Rd

    General Information

    Standard status
    Active
    Size
    38,451 SF
    Lot size
    3.57 Acres
    Property subtype
    Shopping Strip

    Building Details

    Year Built
    1984

    We can help!

    Listing Contact
    Chris Gainey
    Chris Gainey

    Listing agent Chris Gainey License #TX: 612970

    Listing office Fort Worth Office

    Listing date Apr 3, 2026

    Source Marcusmillichap

    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 Fort Worth Office

    HighLights

    • 100% Occupancy with Below‑Market Rents: Immediate cash flow with significant potential.
    • Strategic Location: Hard corner at a signalized intersection with high traffic counts (27,563 VPD).
    • Internet‑Resistant Tenant Mix: Diverse tenant base of service‑oriented businesses.
    • Triple‑Net (NNN) Leases: Reducing landlord responsibilities.
    • Proximity to Major Transportation: Easy access to I‑35E, SH‑67, I‑20, and Dallas Executive Airport.
    • Dense Population: Located within a 5‑mile radius of over 206,774 residents.

    Overview

    Clocktower Shopping Center is a multi-tenant retail center in DeSoto, Texas, featuring two buildings totaling 38,451 square feet on a 3.57-acre parcel with concrete parking. The shopping center is currently 100 percent occupied, with average rents below market, offering future upside potential. All current leases are on triple-net terms. The tenant mix includes internet-resistant, service-oriented businesses, such as Extraordinaire Hair Bar, Supreme Blendz Barbershop, Body of Christ Church, Themed Event Center, Engineers of Tomorrow Stem Preschool, Taxes R US DFW, Two Sisters Sweet Creations, Beatbodyz, and Uptown Collection. The single-tenant building is leased to Dallas Metrocare Services - Center for Children with Autism. The property is located at the hard corner intersection of North Hampton Road and Executive Way, near the signalized intersection with Wintergreen Road. Traffic counts on Hampton Road are approximately 27,563 vehicles per day, and the shopping center is easily accessible from multiple ingress and egress points. Clocktower Shopping Center has close access to Interstate 35 East, State Highway 67, and Interstate 20. Retailers in the surrounding area include Dollar General, 7-Eleven, Subway, Lowe's Home Improvements, and Sam's Club. Distribution centers for Walmart, Kohl's, The Home Depot, and Wayfair are also nearby. The property is less than six miles from the Dallas Executive Airport and serves a dense population of more than 206,774 residents within five miles.
    Location Intelligence

    Current Use by Public Records

    Beatbodyz, LLC. Gym & Fitness Center Sabbath life church Church Sowers Ministry Church The Sowers Ministry Church Church Vowganix, LLC Hair Salon

    Suggested Use

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

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

    Similar Places Nearby

    • Northgate Plaza Shopping Center — 2021 N Hampton Rd, DeSoto, TX 75115

    Location Insight

    • Map
    • Local Demand
    City
    Desoto
    County
    Dallas
    State
    Texas
    Longitude
    -96.8579749
    Latitude
    32.6217133

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    • Contact for pricing
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    FAQs

    What type of property is this?
    Shopping center - Multi-tenant retail center in DeSoto, Texas, 100% occupied.
    Where is this shopping center located?
    The property is located at 1615 & 1619 N Hampton Rd Desoto, TX.
    What is the asking price?
    The asking price for this property is $6,565,000.
    What are key features of this property?
    This property features: 100% Occupancy with Below‑Market Rents: Immediate cash flow with significant potential.; Strategic Location: Hard corner at a signalized intersection with high traffic counts (27,563 VPD).; Internet‑Resistant Tenant Mix: Diverse tenant base of service‑oriented businesses.
    (817) 932-6122
    We can help!
    Listing Contact
    Chris Gainey
    Chris Gainey
    Real Estate License ID: TX: 612970
    Learn More
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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.

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    1615 & 1619 N Hampton Rd, DeSoto, TX 75115
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