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    2700 Hwy 67 Desoto, TX 75115
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    Property profile & analytics

    2700 Hwy 67, Desoto, TX 75115

    View on Map
    • Hospitals
    • 36,393 SF
    • 3.50 lot acres
    Off-Market
    Property ID
    US82-5437592
    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.
    Value Estimations
    $4,940,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hospitals

    Property Details for 2700 Hwy 67

    Year built
    2008
    Construction
    TILT-UP CONCRETE
    Lot size
    3.50 lot acres
    Zone code
    Z31
    Property type
    Hospitals
    APN
    200891100002A0000
    APU
    200891100002A0000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 13, 2025 — Vibra Re Dallas LLC — Deed · related $8M · First National Bank Of Pennsylvania
    Jun 3, 2022 — Vibra Re Dallas LLC — Deed · related $58.2M · Sector Financial INC
    Aug 12, 2020 — Vibra Re Dallas LLC — Deed · related $46.5M · Sector Financial INC
    Jun 13, 2018 — Vibra Re Dallas LLC Mpt Of Desoto LP Grant Deed $18.3M · Mpt Of Pa-vibra Lender LLC
    Jul 19, 2011 — Mpt Of Desoto LP Desoto Gulf States LLC Quit Claim Deed —
    Nov 29, 2006 — Desoto Gulf States LLC Quorum Wheatland Medical Park Grant Deed · related —
    — — Vibra Re Dallas LLC — Loan Modification · related $46.5M · Sector Financial INC

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $5,693,000
      Market price range: $2.80M - $5.96M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $4,430,000
      Current use
      COMMERCIAL (GENERAL)
      $5,195,000
      Change: +17% Conversion: Easy
      RESTAURANT
      $4,680,000
      Change: +6% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $4,280,000
      Change: -3% Conversion: Difficult
      OFFICE BUILDING
      $4,260,000
      Change: -4% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Desoto
    County
    Dallas
    State
    Texas
    Longitude
    -96.8835
    Latitude
    32.645
    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
    $185,051
    $914,760
    $7,085,240
    $8,000,000
    -
    $914,760
    $7,085,240
    $8,000,000

    Comparable in this City

    • Value Estimation
      $3,650,000
      80,232 SF

      800 Kirnwood Dr

      HOSPITAL - PRIVATE
      800 Kirnwood Dr, Desoto, TX 75115-2000
      View Details
    • Value Estimation
      $1,900,000
      14,406 SF

      2000 Old Hickory Trl

      HOSPITAL - PRIVATE
      2000 Old Hickory Trl, Desoto, TX 75115-2242
      View Details
    • Value Estimation
      $710,000
      12,396 SF

      2100 Old Hickory Trl

      HOSPITAL - PRIVATE
      2100 Old Hickory Trl, Desoto, TX 75115
      View Details
    • Value Estimation
      $2,000,000
      15,800 SF

      1750 Hampton Rd

      MEDICAL BUILDING
      1750 Hampton Rd, Desoto, TX 75115-2306
      View Details
    • Value Estimation
      $5,740,000
      30,234 SF

      3920 Wheatland Rd

      MEDICAL BUILDING
      3920 Wheatland Rd, Desoto, TX 75115
      View Details
    • Value Estimation
      $825,000
      5,670 SF

      3900 Wheatland Rd

      MEDICAL BUILDING
      3900 Wheatland Rd, Desoto, TX 75115
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      23,020 SF

      Desoto Flex Space Investment Opportunity

      Flex space near I-35, ideal for investors or owner-occupants.
      400 E Centre Park Blvd, Desoto, TX 75115
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    • Contact for pricing
      1,960 SF

      Commercial Building on Large Lot

      1,960 SF commercial building on 2 acre lot.
      718 N Hampton Rd, Desoto, TX 75115
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    • $250,000
      22,781 SF

      DeSoto Commercial Land Opportunity

      Commercial lot ideal for medical, professional, or mixed-use development.
      1700 North Westmoreland Rd, Desoto, TX 75115
      View Details
    • Contact for pricing
      168 SF

      Executive Office Suites For Lease

      Executive office suites available for lease in Desoto, Texas.
      1301 E Parkerville Rd, Dallas, TX 75115
      View Details
    • Contact for pricing

      Commercial Land Near I-20, I-35E

      Commercial land with excellent access to major highways.
      1531 N Hampton Rd, Desoto, TX 75115
      View Details
    • Contact for pricing

      DeSoto Development Opportunity

      Commercial land for rent in a high-traffic area.
      800 E Pleasant Run Rd, Desoto, TX 75115
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      DeSoto Office Building For Rent

      68,000+ sq ft office building with on-site amenities.
      1801 N Hampton Rd, Desoto, TX 75115
      View Details
    • Contact for pricing
      2,782 SF

      Office Space for Rent

      Office space available for lease in Dallas, Texas.
      3920 W Wheatland Rd, Dallas, 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
      900 SF

      Retail Space in DeSoto, TX

      Retail spaces available in a busy shopping center.
      1100 E Pleasant Run Rd, Desoto, TX 75115
      View Details
    • Contact for pricing

      Second-Generation Hair Salon Available

      Hair salon space for rent near Interstate 35E.
      900 N Polk St, Desoto, TX 75115
      View Details
    • Contact for pricing
      1,750 SF

      DeSoto Flex Space Available

      Flex space featuring reception area, offices, storage, and break area.
      1516 Osprey Dr, 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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