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Property profile & analytics
FOR SALE
Warehouses

1301 E Parkerville Rd Desoto, TX 75115

10,000 SF 1.05 ac lot Built 1985
Entity Owned 4-yr Hold Free & Clear
Property ID
US82-5499493
Property summary
AI-generated overview

This exceptional 20,000 square foot commercial property in DeSoto, Texas, presents a lucrative investment opportunity for owner-users or investors. Situated on a 1.05-acre lot, this versatile building boasts approximately 10,000 square feet of office space divided into four suites and 10,000 square feet of warehouse space split into two suites. The warehouse features impressive 14' to 19' clear ceiling heights, three 10'6" x 10'4" dock-high doors with dock plates, and additional overhead doors (two 12'w x 14'h and one 14'9"w x 14'6"h). The property includes a wash bay with a sand trap and washer/dryer connections. The building benefits from updated HVAC, water heater, and irrigation systems. Modern amenities include data Cat 5 cabling, a 16-channel DVR and cameras, Cisco routers in telecom rooms, and a fiber optic D-mark location. LED lighting enhances the exterior and warehouse spaces. Electrical service is robust, featuring 120/208v 3-phase power, five 200-amp services, and one 400-amp service, all metered separately. The fenced backyard provides ample space for parking and outside storage. The property is zoned Commercial-1 and is conveniently located approximately 0.3 miles from I-35 and roughly 20 minutes from Dallas. Permitted uses include, but are not limited to, light manufacturing, office/warehouse, HVAC sales, contractor shops, minor auto repair, tire dealerships, and various educational and daycare facilities. A complete list of permitted uses is available upon request. The asking price is $2,300,000. Currently, the building enjoys a 94% occupancy rate.

Property profile
Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1985
Construction STEEL FRAME
Total area 10,000 SF
Lot 1.05 ac (45,782 SF)
Zoning code Z109
APN 20018500010250000
UPID US82-5499493
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
  • Casper Heating & Air Conditioning HVAC Service General Contractor
  • Renaissance Tax Service, LLC Desoto,TX Accounting Firm Tax Preparation
  • Royalty Health Services Crisis Center Medical Clinic
  • Integrity Financial Services Logistics Company Freight Service
  • Monique Unique Stylez Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$490k
CAP Approach CAP
$775k
Comparable Approach Comparable
$665k
Blend (final) Blend
$645k
Owner & transaction history
1301 E Parkerville Road LLC · 4 yrs held
1301 E Parkerville Road LLC
since 2021
7 recorded transactions
2021
Price N/A
2019
Price N/A
2016
Price N/A
2013
Price N/A
2012
Price N/A
2010
Price N/A
2009
Price N/A
Zoning & alternative use
Z109 · Desoto, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $925,000 +115.4%
Neighborhood: shopping center $490,000 +14.3%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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