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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1500 Polk St Desoto, TX 75115-3413

    • Retail space
    • 8,692 SF
    • 1.05 lot acres
    OFF-MARKET
    Value Estimations
    $1,280,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-0534499
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Family Dollar / Dollar Store / Toy Store
    • Weaver Corp / General Contractor

    Property Details for 1500 Polk St

    Year built
    2017
    Construction
    TILT-UP CONCRETE
    Lot size
    1.05 lot acres
    Property size
    8,692 SF
    Zone code
    Z111
    Property type
    Retail space
    APN
    201042400A0010000
    APU
    201042400A0010000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,096,000
      Market price range: $356k - $1.12M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $805,000
      Current use
      COMMERCIAL (GENERAL)
      $1,240,000
      Change: +54% Conversion: Easy
      RESTAURANT
      $1,120,000
      Change: +39% Conversion: Easy
      MEDICAL BUILDING
      $1,060,000
      Change: +31% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,020,000
      Change: +27% Conversion: Difficult
      OFFICE BUILDING
      $1,015,000
      Change: +26% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Desoto
    County
    Dallas
    State
    Texas
    Longitude
    -96.8395
    Latitude
    32.6192
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $33,102
    $297,300
    $1,177,700
    $1,475,000
    -
    $297,300
    $1,177,700
    $1,475,000

    Comparable in this City

    • Value Estimation by Request
      250 SF

      301 Hampton Rd

      RETAIL STORES (PERSONAL SERVICES) • 250 SF
      301 Hampton Rd, Desoto, TX 75115-4915
      View Details
    • Value Estimation
      $1,055,000
      15,168 SF

      1305 Belt Line Rd

      RETAIL STORES (PERSONAL SERVICES) • 15,168 SF
      1305 Belt Line Rd, Desoto, TX 75115-3627
      View Details
    • Value Estimation by Request
      3,500 SF

      1309 Pleasant Run Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,500 SF
      1309 Pleasant Run Rd, Desoto, TX 75115-4205
      View Details
    • Value Estimation by Request
      6,240 SF

      233 Hampton Rd

      RETAIL STORES (PERSONAL SERVICES) • 6,240 SF
      233 Hampton Rd, Desoto, TX 75115-4913
      View Details
    • Value Estimation by Request
      5,828 SF

      405 Hampton Rd

      RETAIL STORES (PERSONAL SERVICES) • 5,828 SF
      405 Hampton Rd, Desoto, TX 75115-4917
      View Details
    • Value Estimation by Request
      3,588 SF

      110 Cockrell Hl Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,588 SF
      110 Cockrell Hl Rd, Desoto, TX 75115-5318
      View Details

    Similar Nearby for Sale

    • $525,000
      2,432 SF

      DeSoto Commercial Property For Sale

      Versatile commercial building ideal for office, medical, or retail use.
      701 N Hampton Rd, Desoto, TX 75115
      View Details
    • New
      $599,999
      0.40 Acres

      Retail Property on Hampton Road

      Retail property in high-traffic area with flexible layout.
      233 N Hampton Rd, Desoto, TX 75115
      View Details
    • $795,000
      0.62 Acres

      Prime Restaurant Building in DeSoto

      Freestanding restaurant on 0.62 acres with high visibility.
      1109 E Pleasant Run Rd, Desoto, TX 75115
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    • $599,999
      3.34 Acres

      DeSoto Retail Investment Opportunity

      3+ acres zoned commercial retail with investment potential.
      121 Little John Dr, Desoto, TX 75115
      View Details
    • $625,000
      0.41 Acres

      DeSoto QSR Redevelopment Opportunity

      Standalone QSR building in DeSoto's Hampton Road Redevelopment Corridor.
      122 S Hampton Rd, Desoto, TX 75115
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    • $250,000

      DeSoto Commercial Land - $250K

      Prime Commercial Lot, Excellent Location
      101 Methodist Way, DeSoto, TX 75115
      View Details

    Similar Nearby for Lease

    • $2,925 /Mo
      1,950 SF

      Hampton Road Retail/Office Space

      One-story brick retail/office center on Hampton Road.
      712 N Hampton Rd, Desoto, TX 75115
      View Details
    • $725 /Mo
      430 SF

      DeSoto Retail and Office Space

      26,000 SF marketplace with retail, restaurant, and office spaces.
      320-360 E Belt Line Rd, Desoto, TX 75115
      View Details
    • $14 SF/Yr
      1,293 SF

      Retail Space in DeSoto, TX

      Retail spaces available in a busy shopping center.
      1100 E Pleasant Run Rd, Desoto, TX 75115
      View Details
    • $2,230 /Mo
      868 SF

      Versatile Commercial Spaces For Rent

      Commercial spaces suitable for office, retail, restaurant, and personal service.
      1615 N Hampton Rd, Desoto, TX 75115
      View Details
    • Contact for pricing
      1,500 SF

      Desoto Retail Space For Rent

      Retail space available in Walmart shadow-anchored shopping center.
      921-929 W Belt Line Rd, Desoto, TX 75115
      View Details
    • $12 SF/Yr
      2,250 SF

      DeSoto Showroom and Warehouse Space

      2250 SF showroom and warehouse space available for lease.
      201 Executive Way, Desoto, TX 75115
      View Details

    Property Visit Statistics

    • Visits by month
      12.8k
    • Visitors by month
      7.5k
    • Avg Time on site
      13 min
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    1500 Polk St
    Desoto, TX 75115-3413
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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