Occupied Flex Space with NNN
For Sale
$3,295,000
400 E Centre Park Boulevard # 101 DeSoto, Desoto, TX 75115
Warehouse and office configuration with established occupancy and access to major regional transportation routes.
Property Size23,020 SF
Days on Market93
Property Features for 400 E Centre Park Boulevard # 101 DeSoto
General Information
Standard status
Active
Size
23,020 SF
Zoning
Planned Development
Occupancy
100%
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$24,686
Building Details
Building Size
23,020 SF
Year Built
1985
Stories
1
Tenancy
Single
Listed By:
Luagny Jomarron
(800) 683-5651
Source:
Jparhouston
Added: Jul 14
Changed: Oct 7
Last Checked: Oct 7 at 9:52AM
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 Luagny Jomarron
Investment Insights
Based on property information with market context.
This flex property combines warehouse and office space within a building constructed in 1985. The property is 100% occupied, with NNN leases currently in place. The existing tenant may vacate or sublease for a qualified owner-occupant seeking a combined warehouse and office setting.
The property is located in DeSoto near State Highway 67, Interstate 35E, and Interstate 20, providing routes for trucks and equipment. It is also positioned near multiple distribution centers serving national retailers. Planned Development zoning applies to the property.
The property is located in DeSoto near State Highway 67, Interstate 35E, and Interstate 20, providing routes for trucks and equipment. It is also positioned near multiple distribution centers serving national retailers. Planned Development zoning applies to the property.
Key Highlights
- 100% occupied building with NNN leases in place
- Flex layout combining warehouse and office space
- Tenant may vacate or sublease for a qualified owner‑occupant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$144,902
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,898,040
$2.9M
Cap Rate 7%
$2,070,029
$2.1M
Cap Rate 9%
$1,610,022
$1.6M
Market Conditions
NOI Build-Up for 23,020 SF
Gross rent
$186.9K $8.12/SF
− Vacancy
−$16.4K −$0.71/SF
EGI
$170.5K $7.41/SF
− OpEx
−$25.6K −$1.11/SF
NOI
$144.9K $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%
$2,898,040
Cap Rate 7%
$2,070,029
Cap Rate 9%
$1,610,022
Alternative Uses
Best Use
Office B
$4.66M
$4.08M – $5.44M
NOI $326,309 @ 7.0% cap · market cap 9.90%
Second Best
Warehouse
$2.07M
$1.81M – $2.42M
NOI $144,902 @ 7.0% cap · market cap 4.40%
Theoretical Best
Multifamily LT 5
$275.93M
$241.44M – $321.92M
NOI $19,315,288 @ 7.0% cap · market cap 586.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
483
Businesses Nearby
Balanced
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Smok N Bone BBQ & Catering — 122 S Hampton Rd, DeSoto, TX 75115
- Qsammies — 305 N Hampton Rd, DeSoto, TX 75115
- Jazzy's Kitchen Rental & Catering — DeSoto, TX 75115
Frequently Asked Questions
What type of property is this?
Flex space - Warehouse and office configuration with established occupancy and access to major regional transportation routes.
Where is this flex space located?
The property is located at 400 E Centre Park Boulevard # 101 DeSoto Desoto, TX.
What is the asking price?
The asking price for this property is $3,295,000.
What are key features of this property?
This property features: 100% occupied building with NNN leases in place; Flex layout combining warehouse and office space; Tenant may vacate or sublease for a qualified owner‑occupant
