Technical
Financial
Distress signals
Property profile

1615 N Hampton Rd Desoto, TX 75115

FOR LEASE
Strip malls
Property ID
US83-4241251
33,009 SF 3.04 ac lot Built 1984
Entity Owned 20-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

Clocktower Shopping Center is a multi-tenant retail property in DeSoto, Texas, comprising two buildings with a combined total of 38,451 square feet on a 3.57-acre parcel with concrete parking. The site is positioned at the hard-corner intersection of North Hampton Road and Executive Way, near the signalized intersection with Wintergreen Road, and provides access through multiple ingress and egress points. The property is configured for retail and includes tenant spaces that have historically been operated under triple-net lease structures. The tenant mix includes service-oriented and education/religious uses such as a hair bar, barbershop, church, themed event center, STEM preschool, and related service businesses. One portion of the center operates as a single-tenant facility for Dallas Metrocare Services—Center for Children with Autism. The location offers convenient connectivity to Interstate 35 East, State Highway 67, and Interstate 20, with nearby retail uses including Dollar General, 7-Eleven, Subway, Lowe’s Home Improvements, and Sam’s Club, as well as nearby distribution centers associated with Walmart, Kohl’s, The Home Depot, and Wayfair. The property is less than six miles from Dallas Executive Airport and is situated within a dense population area exceeding 206,774 residents within five miles.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1984
Construction TILT-UP CONCRETE
Total area 33,009 SF
Lot 3.04 ac (132,466 SF)
Zoning code Z111
APN 200496800A0030000
UPID US83-4241251

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Gym & Fitness Center
  • Church
  • Church Mosque
  • Church Mosque
  • Hair Salon

Location

1615 N Hampton Rd Desoto, TX 75115
Desoto metro Census 16634 DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$765k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.09M
Blend (final) Blend
$930k

Owner & transaction history

since 2006
6 recorded transactions
2017
Price N/A
2006
Price N/A
2004
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Z111 · Desoto, TX

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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