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Property profile & analytics
OFF-MARKET
Estimated value
$3,085,000
Showrooms
727 Ctr Park Blvd Desoto, TX 75115-2539
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US82-0788959
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2000
Construction
TILT-UP CONCRETE
Total area
14,950 SF
Lot
1.38 ac (59,982 SF)
Zoning code
Z111
APN
20032250010010000
UPID
US82-0788959
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
A/C Geeks Hardware & Home Improvement HVAC Service
-
ElstonAire, Inc. Hardware & Home Improvement HVAC Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.59M
Comparable Approach
Comparable
$2.58M
Blend (final)
Blend
$3.09M
Owner & transaction history
Centre Park Properties LLC · 13 yrs held
Centre Park Properties LLC
since 2013
7 recorded transactions
Zoning & alternative use
Z111 · Desoto, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Desoto submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Desoto submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,890,000
6.5%
$3,590,000
7%
$3,335,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,135,000
Current use
RESTAURANT
$1,925,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$3.09M
Range $2.78M – $3.39M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$206 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$26,840
Tax year 2023
Assessed value
$1,196,000
Assessed 2023
Previous assessed
$1,196,000
+0.0% YoY
Effective rate
2.24%
On assessed value
Assessed land
$120,000
Assessed improvement
$1,076,000
Land market value
$120,000
Improvement market value
$1,076,000
Total market value
$1,196,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
2000
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
14,950 SF
Lot
1.38 ac (59,982 SF)
Zoning code
Z111
APN
20032250010010000
UPID
US82-0788959
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z111 · Desoto, TX
Zoning Z111 · permitted uses
Z111 · Desoto, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Desoto. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.1M
RESTAURANT
Est. value
$1.9M
COMMERCIAL (GENERAL) Current
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.38 ac
Current owner
From public records · entity-resolved
Centre Park Properties LLC
Entity
Mailing address
727 E CTR PARK BLVD, DESOTO, TX 75115-2539
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2024
—
Centre Park Properties LLC
—
Deed
related
$1,000,000 · Comerica Bank
Dec 11, 2023
—
Elstonaire INC
—
Deed
related
$500,000 · Simmons Bank
Nov 3, 2023
—
Elstonaire INC
—
Deed
related
$500,000 · Simmons Bank
Jan 29, 2020
—
Centre Park Properties LLC
—
Deed
related
$665,000 · Simmons Bank
Aug 26, 2019
—
Centre Park Properties LLC
—
Deed
related
$675,000 · Frost Bank
Jan 9, 2013
—
Centre Park Properties LLC
Elstonaire INC
Special Warranty Deed
$378,284 · Texas Trust Cu
May 4, 2012
—
Elstonaire INC
Bere Lc
Venders Lien
$386,250 · Texas Trust Cu
—
—
Bere Lc
—
Deed Of Trust
related
$630,000 · Vintage Bank
—
—
Bere Lc
—
Deed Of Trust
related
—
—
—
Bere LLC
—
Deed Of Trust
related
$38,000 · Vintage Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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