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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2050 Kestrel Ave Desoto, TX 75115

    • Distribution centers
    • 239,982 SF
    • 9.43 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-1971416
    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

    • US Tool Group - Dallas/Ft. Worth Operations Center / Tool Manufacturer
    • Solar Turbines - Bldg. C / Manufacturer

    Property Details for 2050 Kestrel Ave

    Year built
    1986
    Construction
    TILT-UP CONCRETE
    Lot size
    9.43 lot acres
    Property size
    239,982 SF
    Zone code
    Z111
    Property type
    Distribution centers
    APN
    20031460000010000
    APU
    20031460000010000

    Description

    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.

    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
    -96.8522
    Latitude
    32.6296
    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
    $227,848
    $821,450
    $9,331,400
    $10,152,850
    -
    $821,450
    $9,331,400
    $10,152,850

    Comparable in this City

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      2100 Jo Dr

      DISTRIBUTION WAREHOUSE • 489,310 SF
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      507,318 SF

      1001 Wintergreen Rd

      DISTRIBUTION WAREHOUSE • 507,318 SF
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    • Value Estimation
      $12,960,000
      262,640 SF

      220 Danieldale Rd

      DISTRIBUTION WAREHOUSE • 262,640 SF
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    • Value Estimation by Request
      6,900 SF

      301 Northgate Dr

      DISTRIBUTION WAREHOUSE • 6,900 SF
      301 Northgate Dr, Desoto, TX 75115-2334
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    • Value Estimation
      $6,960,000
      126,430 SF

      1200 Ctr Park Blvd

      DISTRIBUTION WAREHOUSE • 126,430 SF
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      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • Contact for pricing
      35,000 SF

      DeSoto Industrial Space Available

      Industrial space for lease with excellent highway access.
      2050 Kestrel Ave, Desoto, TX 75115
      View Details
    • $12 SF/Yr
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      DeSoto Flex Space Available

      Flex space featuring reception area, offices, storage, and break area.
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      DeSoto Showroom and Warehouse Space

      2250 SF showroom and warehouse space available for lease.
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    • Contact for pricing
      5,950 SF

      DeSoto Warehouse Space Available

      5,950 SF warehouse space for rent in DeSoto, TX.
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    • $26 SF/Yr
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      DeSoto Retail Center - Prime Location

      High-traffic retail space, Dallas County.
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    • $2,230 /Mo
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      Versatile Commercial Spaces For Rent

      Commercial spaces suitable for office, retail, restaurant, and personal service.
      1615 N Hampton Rd, Desoto, TX 75115
      View Details
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    Desoto, TX 75115
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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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