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Property profile & analytics
OFF-MARKET
Estimated value
$815,000
Office buildings
1615 Osprey Dr Desoto, TX 75115-2427
Individually Owned
4-yr Hold
Free & Clear
Property ID
US82-1352356
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2004
Construction
TILT-UP CONCRETE
Total area
5,136 SF
Lot
0.78 ac (33,885 SF)
Zoning code
Z111
APN
200314000203C0000
UPID
US82-1352356
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
-
Q & A Personal Care Services LLC Home Health Care Service
-
Giles Commercial HVAC Big Box & Wholesale Store Building Supply
-
The Boyce Law Firm PLLC Law Firm
-
Davis Law Group Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$863k
Blend (final)
Blend
$815k
Owner & transaction history
Charles H Boyce JR · 4 yrs held
Charles H Boyce JR
since 2021
7 recorded transactions
Zoning & alternative use
Z111 · Desoto, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$735,000
+22.0%
Restaurant
$660,000
+9.9%
Medical building
$625,000
+4.0%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$600,000
Current use
COMMERCIAL (GENERAL)
$735,000
Change: +22% · Conversion: Easy
RESTAURANT
$660,000
Change: +10% · Conversion: Moderate
MEDICAL BUILDING
$625,000
Change: +4% · Conversion: Easy
AUTO REPAIR, GARAGE
$605,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$815k
Range $734k – $897k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$159 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$22,245
Tax year 2024
Assessed value
$991,250
Assessed 2024
Previous assessed
$991,250
+0.0% YoY
Effective rate
2.24%
On assessed value
Assessed land
$64,380
Assessed improvement
$926,870
Land market value
$64,380
Improvement market value
$926,870
Total market value
$991,250
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
2004
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
5,136 SF
Lot
0.78 ac (33,885 SF)
Zoning code
Z111
APN
200314000203C0000
UPID
US82-1352356
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z111 · Desoto, TX
Zoning Z111 · permitted uses
Z111 · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$600,000
COMMERCIAL (GENERAL)
Est. value
$735,000
RESTAURANT
Est. value
$660,000
MEDICAL BUILDING
Est. value
$625,000
AUTO REPAIR, GARAGE
Est. value
$605,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2004
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.78 ac
Current owner
From public records · entity-resolved
Charles H Boyce JR
Individual
Free & Clear · 4 yrs held
Mailing address
1615 OSPREY DR, DESOTO, TX 75115-2427
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2021
—
Charles H Boyce JR
W Streets LLC
Warranty Deed
—
Dec 1, 2010
—
Boyce Ents INC
Blaze-x Sprinkler Corp
Grant Deed
$167,500 · Blaze-x Sprinkler Corp
Jul 7, 2008
—
Blaze-x Sprinkler Corp
Regions Bank
Grant Deed
$370,000 · American National Bank Texas
Mar 4, 2008
$327,277
Regions Bank
Mitchell,jeff
Trustees Deed
related
—
Jun 9, 2006
—
Med Dmarc
—
Trustees Deed
related
$230,000 · Regions Bank
Sep 29, 2004
—
Dmarc Medical
—
Trustees Deed
related
$150,000 · Southwest Securities Bank
Nov 29, 2001
—
Gm Investments INC
Mathis,frank & Kenneth W
Grant Deed
related
—
—
—
Dmarc Investments INC
—
Deed Of Trust
related
$467,500 · Regions Bank
—
—
Boyce Ents INC
—
Deed Of Trust
related
$321,000 · Dfw Community Connect LLC
—
—
Dmarc Investments INC
—
Deed Of Trust
related
$250,000 · Regions Bank
—
—
Boyce Ents INC
—
Deed Of Trust
related
$135,000 · Q & A Health Services LLC
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.
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