Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2705 Prince George Ave Desoto, TX 75115-2045

    • Medical offices
    • 4,635 SF
    • 0.67 lot acres
    OFF-MARKET
    Value Estimations
    $705,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3913603
    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

    • Texas Urology Specialists-DeSoto / Urology Clinic
    • Siddharth G. Jain, M.D., FRCS / Urologist
    • Allan Vanhorn / Urologist
    • Siddharth Gulabchand Jain / Urologist
    • Allan C. Van Horn, M.D. / Urologist

    Property Details for 2705 Prince George Ave

    Year built
    2006
    Construction
    FRAME
    Lot size
    0.67 lot acres
    Property size
    4,635 SF
    Zone code
    Z97
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    2011258000H2A1000
    APU
    2011258000H2A1000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $732,000
      Market price range: $356k - $759k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $565,000
      Current use
      COMMERCIAL (GENERAL)
      $660,000
      Change: +17% Conversion: Easy
      AUTO REPAIR, GARAGE
      $545,000
      Change: -3% Conversion: Difficult
      OFFICE BUILDING
      $540,000
      Change: -4% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Desoto
    County
    Dallas
    State
    Texas
    Longitude
    -96.8818
    Latitude
    32.6442
    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
    $23,802
    $203,660
    $825,310
    $1,028,970
    -
    $203,660
    $825,310
    $1,028,970

    Comparable in this City

    • Value Estimation
      $1,700,000
      12,700 SF

      2651 Bolton Boone Dr, Unit 1

      MEDICAL BUILDING • 12,700 SF
      2651 Bolton Boone Dr, Desoto, TX 75115-2011
      View Details
    • Value Estimation
      $1,150,000
      9,372 SF

      2821 Prince George Ave

      MEDICAL BUILDING • 9,372 SF
      2821 Prince George Ave, Desoto, TX 75115-2047
      View Details
    • Value Estimation
      $1,060,000
      7,950 SF

      1001 Robbie Mince Way

      MEDICAL BUILDING • 7,950 SF
      1001 Robbie Mince Way, Desoto, TX 75115-2012
      View Details
    • Value Estimation by Request
      6,155 SF

      911 York Dr

      MEDICAL BUILDING • 6,155 SF
      911 York Dr, Desoto, TX 75115-2063
      View Details
    • Value Estimation by Request
      2,080 SF

      600 Hampton Rd

      MEDICAL BUILDING • 2,080 SF
      600 Hampton Rd, Desoto, TX 75115-4508
      View Details
    • Value Estimation by Request
      1,377 SF

      424 Pleasant Run Rd

      MEDICAL BUILDING • 1,377 SF
      424 Pleasant Run Rd, Desoto, TX 75115-3936
      View Details

    Similar Nearby for Sale

    • $525,000
      2,432 SF

      DeSoto Commercial Property For Sale

      Versatile commercial building ideal for office, medical, or retail use.
      701 N Hampton Rd, Desoto, TX 75115
      View Details
    • $631,680
      2,688 SF

      Updated Medical Office Condo

      2,688 SF medical office near Charlton Methodist Hospital.
      2727 Bolton Boone Dr, 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
    • $4,350,000

      DeSoto Flex Space Investment Opportunity

      100% occupied flex space near I-35, ideal for investors.
      400 E Centre Park Blvd, Desoto, TX 75115
      View Details
    • New
      $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
    • $485,000
      10,800 SF

      Executive Way Office Building

      DeSoto Office Space - Renovation Opportunity
      123 Executive Way, DeSoto, TX 75115
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,359 SF

      DeSoto Office Space Available

      Office space available for rent in DeSoto, Texas.
      1510 N Hampton Rd, Desoto, TX 75115
      View Details
    • $14 SF/Yr
      1,669 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
      3,054 SF

      New Construction Office Space Available

      Shell condition office space available for rent in DeSoto, TX.
      528 E Pleasant Run Rd, Desoto, TX 75115
      View Details
    • $22 SF/Yr
      1,060 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
    • $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
    • $16 SF/Yr
      373 SF

      DeSoto Office Space For Rent

      Office space available for lease in DeSoto, Texas.
      1229 E Pleasant Run Rd, Desoto, TX 75115
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2705 Prince George Ave
    Desoto, TX 75115-2045
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.