DeSoto Flex/Industrial/Office Property For
For Sale
Contact for pricing
1301 E Parkerville Rd, Desoto, TX 75115
20,000 SF flex, industrial, and office property in DeSoto, TX.
Property Size20,000 SF
Price / SF$115
Days on Market942
Property Features for 1301 E Parkerville Rd
General Information
Standard status
Active
Size
20,000 SF
Property subtype
Office, Industrial
Zoning
Commercial-1
Occupancy
94%
Listing Agency:
Mote & Associates
Listed By:
Sarah Mitchell · License #509548
Source:
Crexi
Added: Mar 9, 2024
Changed: Sep 8
Last Checked: Oct 5 at 6:26PM
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
Investment Insights
Based on property information with market context.
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.
Key Highlights
- No property information was provided to generate selling points.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$103,676
Cap Rate
4.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,073,520
$2.1M
Cap Rate 7%
$1,481,086
$1.5M
Cap Rate 9%
$1,151,956
$1.2M
Market Conditions
NOI Build-Up for 20,000 SF
Gross rent
$162.4K $8.12/SF
− Vacancy
−$14.3K −$0.71/SF
EGI
$148.1K $7.41/SF
− OpEx
−$44.4K −$2.22/SF
NOI
$103.7K $5.18/SF
Area
Dallas County, TX
Vacancy
8.80%
Lease Rate
$8.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,073,520
Cap Rate 7%
$1,481,086
Cap Rate 9%
$1,151,956
Alternative Uses
Best Use
Industrial
$1.48M
$1.30M – $1.73M
NOI $103,676 @ 7.0% cap · market cap 4.51%
Second Best
Flex RnD
$1.38M
$1.21M – $1.61M
NOI $96,745 @ 7.0% cap · market cap 4.21%
Theoretical Best
Multifamily LT 5
$239.73M
$209.77M – $279.69M
NOI $16,781,310 @ 7.0% cap · market cap 729.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
221
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Similar Off Market Nearby
- DESOTO/CEDARHILL MOBILE MECHANICS — 1311 E Parkerville Rd, DeSoto, TX 75115
Frequently Asked Questions
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.
