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Property profile & analytics
OFF-MARKET
Estimated value
$2,280,000
Office buildings
1229 Pleasant Run Rd Desoto, TX 75115-4209
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US83-3325810
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Construction
TILT-UP CONCRETE
Total area
39,210 SF
Lot
2.54 ac (110,599 SF)
Zoning code
Z236
APN
200816500001A0000
UPID
US83-3325810
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
-
Solar Smart TX Production Facility
-
Bethel Garden Psychiatry Physician
-
Blissed Being Counselor
-
Tarango's Massage & Bodywork Alternative Medicine Practice Spa & Massage Center
-
Universal Truckload Services Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.28M
Owner & transaction history
Rsmb Desoto Corporation · 6 yrs held
Rsmb Desoto Corporation
since 2019
4 recorded transactions
Zoning & alternative use
Z236 · Desoto, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Desoto submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Desoto submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$58 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$80,666
Tax year 2023
Assessed value
$3,502,440
Assessed 2023
Previous assessed
$3,502,440
+0.0% YoY
Effective rate
2.30%
On assessed value
Assessed land
$331,800
Assessed improvement
$3,170,640
Land market value
$331,800
Improvement market value
$3,170,640
Total market value
$3,502,440
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1985
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Buildings
3
Stories
3
Total area
39,210 SF
Lot
2.54 ac (110,599 SF)
Zoning code
Z236
APN
200816500001A0000
UPID
US83-3325810
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z236 · Desoto, TX
Zoning Z236 · permitted uses
Z236 · Desoto, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Desoto. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1985
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
3
Buildings
3
Lot
2.54 ac
Current owner
From public records · entity-resolved
Rsmb Desoto Corporation
Entity
Mailing address
1229 E PLEASANT RUN RD, DESOTO, TX 75115-4209
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2019
—
Rsmb Desoto Corporation
Mbnj Investment Corporation
Warranty Deed
$2,500,000 · United Texas Bank
Oct 19, 2016
—
Mbnj Investment Corp
Pecan Crossing LLC
Special Warranty Deed
$2,400,000 · Wells Fargo Bank NA
Jan 18, 2007
—
Darcorp Desoto PC LLC
German,charles A & Adelina
Warranty Deed
$1,840,000 · Gateway National Bank
—
—
Pecan Crossing LLC
—
Deed Of Trust
related
$2,723,400 · Prosperity Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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