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    Property profile & analytics

    204 Pleasant Run Rd Desoto, TX 75115-3912

    • Office buildings
    • 1,887 SF
    • 0.41 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3718340
    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

    • Water Heater Desoto / HVAC Service / General Contractor
    • Louisiana Famous Fried Chicken / Restaurant
    • Jarvis Hill - State Farm Insurance Agent / Insurance Agency
    • Blue Ribbon Cleaners / (Bike/Boat/Book/etc) Store
    • Today's Health & Nutrition / (Bike/Boat/Book/etc) Store / Pharmacy

    Property Details for 204 Pleasant Run Rd

    Year built
    1997
    Construction
    FRAME
    Lot size
    0.41 lot acres
    Property size
    1,887 SF
    Zone code
    Z97
    Property type
    Office buildings
    APN
    20049800030120000
    APU
    20049800030120000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Desoto
    County
    Dallas
    State
    Texas
    Longitude
    -96.8592
    Latitude
    32.6038
    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
    $7,025
    $53,020
    $251,980
    $305,000
    -
    $53,020
    $251,980
    $305,000

    Comparable in this City

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

      712 Hampton Rd

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      712 Hampton Rd, Desoto, TX 75115-4500
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      960 SF

      1350 Parkerville Rd

      OFFICE BUILDING • 960 SF
      1350 Parkerville Rd, Desoto, TX 75115-6421
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      4,972 SF

      150 Dalton Dr

      OFFICE BUILDING • 4,972 SF
      150 Dalton Dr, Desoto, TX 75115-4412
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    • Value Estimation by Request
      3,125 SF

      215 Executive Way

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

      115 Executive Way

      OFFICE BUILDING • 6,680 SF
      115 Executive Way, Desoto, TX 75115-2308
      View Details
    • Value Estimation by Request
      4,992 SF

      1504 Falcon Dr

      OFFICE BUILDING • 4,992 SF
      1504 Falcon Dr, Desoto, TX 75115-2414
      View Details

    Similar Nearby for Sale

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      DeSoto Office Building For Sale

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    • $1,500,000
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      Desoto Office Building For Sale

      13,565 SF office building in thriving Desoto, Texas.
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      5,232 SF

      DeSoto Office Building For Sale

      Office building with 5,232 square feet available for purchase.
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      10,800 SF

      DeSoto Commercial Revitalization Opportunity

      Income-producing property in area earmarked for commercial revitalization.
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    • $2,950,000
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      DeSoto Church, Office, or School

      19,386 SF building suitable for church, office, or school.
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    • $3,650,000
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      DeSoto Flex Space Opportunity

      Flex space ideal for investors or owner-occupants with warehouse needs.
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    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
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      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
    • 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
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    • Contact for pricing
      3,603 SF

      Office Space with Private Offices

      Office space featuring reception area, private offices, and storage.
      1636 N Hampton Rd, Desoto, TX 75115
      View Details
    • Contact for pricing
      422 SF

      Office Space with Corner Location

      Office unit featuring reception area, window offices, and corner location.
      1801 N Hampton Rd, Desoto, TX 75115
      View Details
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    204 Pleasant Run Rd
    Desoto, TX 75115-3912
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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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