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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Warehouses
1621 Osprey Dr Desoto, TX 75115-2427
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US83-2897915
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1995
Construction
TILT-UP CONCRETE
Total area
16,020 SF
Lot
2.16 ac (94,177 SF)
Zoning code
Z111
APN
20031400020040000
UPID
US83-2897915
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
-
Brittle-Brittle Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$430k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$601k
Blend (final)
Blend
$515k
Owner & transaction history
Rorry Group LLC · 2 yrs held
Rorry Group LLC
since 2023
7 recorded transactions
Zoning & alternative use
Z111 · Desoto, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$790,000
+14.3%
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
$430,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$690,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$790,000
Change: +14% · Conversion: Moderate
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$32 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$19,079
Tax year 2023
Assessed value
$850,170
Assessed 2023
Previous assessed
$850,170
+0.0% YoY
Effective rate
2.24%
On assessed value
Assessed land
$178,930
Assessed improvement
$671,240
Land market value
$178,930
Improvement market value
$671,240
Total market value
$850,170
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1995
Construction
TILT-UP CONCRETE
Heating
YES
Stories
1
Units
1
Total area
16,020 SF
Lot
2.16 ac (94,177 SF)
Zoning code
Z111
APN
20031400020040000
UPID
US83-2897915
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
WAREHOUSE, STORAGE Current
Est. value
$690,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$790,000
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
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
1995
Construction
TILT-UP CONCRETE
Heating
YES
Stories
1
Units
1
Lot
2.16 ac
Current owner
From public records · entity-resolved
Rorry Group LLC
Entity
Mailing address
5605 FM 423RD STE #500, FRISCO, TX 75036-8976
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 11, 2023
—
Rorry Group LLC
1621 Osprey Holdings INC
Special Warranty Deed
—
Aug 7, 2019
—
Brittle-brittle INC
—
Deed
related
$1,102,986 · First St Bk
Mar 12, 2019
—
Brittle-brittle INC
—
Deed
related
$939,986 · First St Bk
Jun 2, 2014
—
Brittle Brittle INC
U S Small Business Administration
Special Warranty Deed
$952,000 · Viewpoint Bank NA
Mar 11, 2014
—
Administrator Us Small Busn Ad.
Barnett,michael C
Trustees Deed
related
—
Nov 7, 2013
—
Us Small Busn Admn
Barnett Michael C
Trustees Deed
related
—
Jan 3, 2008
—
Franco Brothers LLC
Smith,don D
Grant Deed
$348,000 · Comerica Bk
Nov 11, 2002
—
Don D Smith
1995 Osprey LLC
Grant Deed
related
—
—
—
Franco Brothers LLC
—
Deed Of Trust
related
$348,000 · Bank Of The West
—
—
Brittle-brittle INC
—
Deed Of Trust
related
$939,986 · First St Bk
—
—
Brittle-brittle INC
—
Loan Modification
related
$1,102,986 · First St Bk
—
—
Franco Brothers LLC
—
Deed Of Trust
related
$348,000 · Bank Of The West
—
—
Don D Smith
—
Deed Of Trust
related
$300,000 · American National Bank Texas
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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