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    Property profile & analytics

    2010 Hampton Rd Desoto, TX 75115-0201

    • Office buildings
    • 23,420 SF
    • 5.33 lot acres
    OFF-MARKET
    Last Sale
    Dec 21, 2022
    Value Estimations
    $4,690,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-1407852
    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

    • Lakedra Smith Realtor / Real Estate Agency
    • Gwendolyn E. Hunt, Attorney at Law / Law Firm / Accounting Firm
    • PlainsCapital Bank ITM / Bank / Credit Union
    • Julius Sternes /REALTOR /DFW BROKER / Real Estate Agency
    • PeltonSykesTeam / Real Estate Agency

    Property Details for 2010 Hampton Rd

    Year built
    2007
    Construction
    TILT-UP CONCRETE
    Lot size
    5.33 lot acres
    Property size
    23,420 SF
    Zone code
    Z111
    Property type
    Office buildings
    APN
    200309000103A0000
    APU
    200309000103A0000

    Description

    This exceptional 23,340 square foot retail center in DeSoto, Texas, boasts a 7.00% cap rate and 100% occupancy across five tenants. Located on a 5.33-acre lot at 2010 N Hampton Rd, 75115, this single-story, 2007-built property offers significant upside potential. The property features impressive architecture, including a monument sign and eight drive-thru lanes for the Plains Capital Bank anchor tenant, along with two outdoor courtyards and excellent road visibility. Current tenants include a mix of established businesses, showcasing the strength of the location. Effective rents average $13.69 per square foot, well below market rates, with built-in annual rent escalations for all tenants. The asking price is $4,565,000 ($195.59 per square foot), significantly below replacement costs. A unique opportunity exists to develop an additional +/- 0.60-acre pad site by relocating the existing ATM. Recent tenant expansions demonstrate strong market demand. The property's proximity to major retailers and the Shops at RedBird mixed-use redevelopment further enhances its value and potential for future growth. This is a stabilized investment opportunity with substantial upside potential in a thriving Dallas-area submarket.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,900,000
      6.5%
      $5,450,000
      7%
      $5,060,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,935,000
      Market price range: $1.13M - $3.94M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $3,345,000
      RESTAURANT
      $3,015,000
      MEDICAL BUILDING
      $2,850,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Desoto
    County
    Dallas
    State
    Texas
    Longitude
    -96.8562
    Latitude
    32.6295
    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
    $95,490
    $696,960
    $3,558,040
    $4,255,000
    -
    $696,960
    $3,558,040
    $4,255,000

    Comparable in this City

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

      712 Hampton Rd

      OFFICE BUILDING • 30,187 SF
      712 Hampton Rd, Desoto, TX 75115-4500
      View Details
    • Value Estimation by Request
      960 SF

      1350 Parkerville Rd

      OFFICE BUILDING • 960 SF
      1350 Parkerville Rd, Desoto, TX 75115-6421
      View Details
    • Value Estimation by Request
      4,972 SF

      150 Dalton Dr

      OFFICE BUILDING • 4,972 SF
      150 Dalton Dr, Desoto, TX 75115-4412
      View Details
    • Value Estimation by Request
      1,887 SF

      204 Pleasant Run Rd

      OFFICE BUILDING • 1,887 SF
      204 Pleasant Run Rd, Desoto, TX 75115-3912
      View Details
    • Value Estimation by Request
      3,125 SF

      215 Executive Way

      OFFICE BUILDING • 3,125 SF
      215 Executive Way, Desoto, TX 75115-2396
      View Details
    • Value Estimation by Request
      6,680 SF

      115 Executive Way

      OFFICE BUILDING • 6,680 SF
      115 Executive Way, Desoto, TX 75115-2308
      View Details

    Similar Nearby for Sale

    • $465,000
      2,038 SF

      DeSoto Office Building For Sale

      Standalone office building in DeSoto with high visibility.
      580 N Hampton Rd, Desoto, TX 75115
      View Details
    • $1,500,000
      13,565 SF

      Desoto Office Building For Sale

      13,565 SF office building in thriving Desoto, Texas.
      1701 N Hampton Rd, Desoto, TX 75115
      View Details
    • Contact for pricing
      10,800 SF

      DeSoto Commercial Revitalization Opportunity

      Income-producing property in area earmarked for commercial revitalization.
      123 Executive Way, 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
    • $2,950,000
      19,386 SF

      DeSoto Church, Office, or School

      19,386 SF building suitable for church, office, or school.
      2100 N Hampton Rd, Desoto, TX 75115
      View Details
    • $3,650,000
      1.53 Acres

      DeSoto Flex Space Opportunity

      Flex space ideal for investors or owner-occupants with warehouse needs.
      400 E Centre Park Blvd, Desoto, TX 75115
      View Details

    Similar Nearby for Lease

    • $21 SF/Yr
      68,186 SF

      DeSoto Office Space for Lease

      Executive suites, ample parking, prime location.
      1801 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
      64,910 SF

      Hampton Square Office Space

      DeSoto, TX Office Suite Available
      719 Hampton Rd, DeSoto, TX 75115
      View Details
    • $161 SF/Yr
      7,500 SF

      Prime DeSoto Office Space

      1,500 SF Executive Office Suite Available
      215 Dalton Dr, DeSoto, TX 75115
      View Details
    • Contact for pricing
      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
    • Contact for pricing
      1,033 SF

      DeSoto Office Space Available

      Office space available for rent in DeSoto, Texas.
      1510 N Hampton Rd, Desoto, TX 75115
      View Details
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    2010 Hampton Rd
    Desoto, TX 75115-0201
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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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