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Property profile & analytics
OFF-MARKET
Strip malls

1223 Belt Line Rd Desoto, TX 75115-5200

14,397 SF 1.62 ac lot Built 1986
Entity Owned 17-yr Hold ~ Est. High Equity
Property ID
US83-2818258
Property summary
AI-generated overview

This exceptional retail property, located at 1223 E Belt Line Unit 124 in DeSoto, Texas, offers a substantial 14,397 square feet of space on a 2.18-acre lot. Previously occupied by a retail store, this location boasts high traffic volume and excellent signage opportunities, ensuring maximum visibility for your business. The suite itself is 900 square feet (Suite 124), and the entire property presents a significant opportunity for a variety of retail ventures. The property is offered at $1,425,000. The lease terms for the 900 sqft space are attractive, with a three-year lease at escalating rates of $19, $21, and $23 per square foot annually. All utilities are included except for electricity. Water and trash services are included in the lease. While all information is believed to be accurate, potential buyers are strongly encouraged to independently verify all details. This property's prime location and substantial size make it an ideal investment for discerning entrepreneurs seeking a high-impact retail presence in a thriving DeSoto community. The expansive lot size also offers potential for future expansion or development.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1986
Construction TILT-UP CONCRETE
Total area 14,397 SF
Lot 1.62 ac (70,567 SF)
Zoning code Z97
APN 200220000B0030000
UPID US83-2818258
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Gin Star Cleaners (Bike/Boat/Book/etc) Store
  • Desoto Tobacco And Vapor (Bike/Boat/Book/etc) Store
  • Just For Her Virgin Hair (Bike/Boat/Book/etc) Store Cosmetic Store
  • Signs & D'Signs (Bike/Boat/Book/etc) Store Printing Service
  • LibertyX Bitcoin Cashier Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Nbn Commerical Group · 17 yrs held
Nbn Commerical Group
since 2008
4 recorded transactions
2008
Price N/A
2002
Price N/A
1998
Price N/A
1969
Price N/A
Zoning & alternative use
Z97 · Desoto, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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