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    1510 N Hampton Rd Desoto, TX 75115
    Property profile & analytics

    1510 N Hampton Rd, Desoto, TX 75115

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    • Office buildings
    • 44,754 SF
    • 2.38 lot acres
    For Lease
    $1,635,000
    View Listing →
    DeSoto Office Space Available For Lease
    $1,635,000
    2,359 SF

    DeSoto Office Space Available

    Office space available for rent in DeSoto, Texas.

    1510 N Hampton Rd, Desoto, TX
    View Listing
    Property ID
    US82-0321545
    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.
    Value Estimations
    $1,635,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Davis Lanes, LLC. / Freight Service / Logistics Company
    • Bert Maxwell: Allstate Insurance / Insurance Agency
    • Aleph Counseling Services / Counselor
    • Attorney General Of Texas / State Government Office
    • Beautiful Solutions For You / Consultant

    Property Details for 1510 N Hampton Rd

    Year built
    1984
    Construction
    TILT-UP CONCRETE
    Lot size
    2.38 lot acres
    Zone code
    Z97
    Property type
    Office buildings
    APN
    200314500009C0000
    APU
    200314500009C0000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 1, 2005 — Beverly Myers Family Myers Edward W & B J Trust Quit Claim Deed · related —

    Description

    This Class A, three-story office building, located at 1510 N Hampton Rd, DeSoto, TX 75115, offers 37,435 square feet of versatile space. Suitable for executive, medical, or traditional office uses, the building features 17 suites ranging from 2,359 to 6,300 contiguous square feet. Built in 1984, City Center boasts recent upgrades including a new digital tenant directory, updated video camera system, and Bluetooth access. The building is conveniently situated near Interstates 20 and 35E, providing easy access. Ample parking is available with 161 spaces, and a single hydraulic elevator services all three floors. Utilities and light housekeeping are included in the gross rent. The property is zoned GR - General Retail and offers a potential for tenant incentives. This exceptional location presents a unique opportunity for businesses seeking a well-maintained, amenity-rich office environment in DeSoto, Texas.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,025,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,243,000
      Market price range: $2.17M - $7.52M

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

    Location Insight

    • Map
    • Local Demand
    City
    Desoto
    County
    Dallas
    State
    Texas
    Longitude
    -96.8562
    Latitude
    32.6193
    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
    $50,427
    $414,170
    $1,832,830
    $2,247,000
    -
    $414,170
    $1,832,830
    $2,247,000

    Comparable in this City

    • Value Estimation
      $1,380,000
      30,187 SF

      712 Hampton Rd

      OFFICE BUILDING
      712 Hampton Rd, Desoto, TX 75115-4500
      View Details
    • Value Estimation by Request
      960 SF

      1350 Parkerville Rd

      OFFICE BUILDING
      1350 Parkerville Rd, Desoto, TX 75115-6421
      View Details
    • Value Estimation by Request
      4,972 SF

      150 Dalton Dr

      OFFICE BUILDING
      150 Dalton Dr, Desoto, TX 75115-4412
      View Details
    • Value Estimation by Request
      1,887 SF

      204 Pleasant Run Rd

      OFFICE BUILDING
      204 Pleasant Run Rd, Desoto, TX 75115-3912
      View Details
    • Value Estimation by Request
      3,125 SF

      215 Executive Way

      OFFICE BUILDING
      215 Executive Way, Desoto, TX 75115-2396
      View Details
    • Value Estimation by Request
      6,680 SF

      115 Executive Way

      OFFICE BUILDING
      115 Executive Way, Desoto, TX 75115-2308
      View Details

    Similar Nearby for Sale

    • $1,500,000
      2.00 Acres

      Office Building with Full Kitchen

      A 1955 office building with multiple rooms and a full kitchen on a generous lot for flexible use.
      718 N Hampton Rd, Desoto, TX 75115
      View Details
    • $2,950,000
      19,386 SF

      DeSoto Office, Church, or School

      Versatile property suitable for office, church, or school use.
      2100 North Hampton Rd, Desoto, TX 75115
      View Details
    • $1,500,000
      1.03 Acres

      Office Building with Multiple Suites

      13,565 sf office building offers five suites, break rooms, and conference space with an investor-friendly rent roll.
      1701 N Hampton Rd, Desoto, TX 75115
      View Details
    • $465,000
      Pending

      Standalone Office Building with Yard

      Own a flexible standalone office with private offices, a walk-in lobby, and parking for accommodating clients and staff.
      580 N Hampton Rd, Desoto, TX 75115
      View Details
    • Contact for pricing
      13,565 SF

      Desoto Office Building For Sale

      13,565 SF office building in Desoto, Texas.
      1701 N Hampton Rd, Desoto, TX 75115
      View Details
    • Contact for pricing
      5,232 SF

      DeSoto Office Building For Sale

      Office building with 5,232 square feet available for purchase.
      500 N Hampton Rd, Desoto, TX 75115
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      DeSoto Office Building For Rent

      68,000+ sq ft office building with on-site amenities.
      1801 N Hampton Rd, Desoto, TX 75115
      View Details
    • Contact for pricing
      989 SF

      Hampton Road Retail/Office Space

      One-story brick retail/office center on Hampton Road.
      712 N Hampton Rd, Desoto, TX 75115
      View Details
    • Contact for pricing

      Former Big Lots Retail Space

      Retail, office, medical, and restaurant space in Locke Supply center.
      719 N Hampton Rd, Desoto, TX 75115
      View Details
    • Contact for pricing
      2,048 SF

      DeSoto Office Space For Rent

      Office space available for lease in DeSoto, Texas.
      1229 E Pleasant Run Rd, Desoto, TX 75115
      View Details
    • Contact for pricing
      2,782 SF

      Office Space for Rent

      Office space available for lease in Dallas, Texas.
      3920 W Wheatland Rd, Dallas, TX 75115
      View Details
    View Listing
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    Desoto, TX 75115
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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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    1510 N Hampton Rd, Desoto, TX, 75115
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