Property profile

2050 Kestrel Ave Desoto, TX 75115

FOR LEASE
Distribution centers
Property ID
US82-1971416
239,982 SF 9.43 ac lot Built 1986
Entity Owned 11-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 235,600-square-foot industrial warehouse, located at 2050 Kestrel Ave, DeSoto, TX 75115, in Dallas County, presents a significant investment opportunity. Built in 1985 and extensively renovated in 2021, this single-story building boasts a 30-foot ceiling height, providing ample vertical space for various industrial uses. The property features a substantial 9.42-acre lot and includes 42 loading docks, 3 drive-in bays, and 113 total parking spaces, ensuring efficient operations and ample room for both employees and inventory. Currently configured for multiple tenants, this warehouse offers significant flexibility. A portion of the space is currently available for sublease, comprising 2,072 square feet of office space. Note that certain utilities, building services, and property fees may not be included in the listed lease rate. This prime location in DeSoto, Texas offers easy access to major transportation routes, making it an ideal choice for businesses seeking a strategic distribution hub or large-scale warehousing solution. The property's recent renovations ensure modern functionality and efficiency, making it a highly attractive option for a variety of industrial tenants. The substantial size and comprehensive amenities make this warehouse a rare find in the Dallas County market.

Property profile

Verified
Property type Distribution centers
Use group DISTRIBUTION WAREHOUSE
Year built 1986
Construction TILT-UP CONCRETE
Total area 239,982 SF
Lot 9.43 ac (410,727 SF)
Zoning code Z111
APN 20031460000010000
UPID US82-1971416

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
  • Production Facility Factory
  • Industrial Manufacturer Production Facility

Location

2050 Kestrel Ave 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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.35M

Owner & transaction history

since 2015
6 recorded transactions
2018
Price N/A
2016
Price N/A
2015
Price N/A
2007
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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