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    901 N Polk St Desoto, TX 75115
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    Property profile & analytics

    901 N Polk St Desoto, TX 75115

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    • Super regional malls
    • 83,744 SF
    • 6.18 lot acres
    For Lease
    $1,865,000
    View Listing →
    Retail Space in DeSoto, Texas For Lease
    $1,865,000

    Retail Space in DeSoto, Texas

    Retail property located near Interstate 35 in DeSoto, Texas.

    901 N Polk St, Desoto, TX 75115
    View Listing
    Property ID
    US82-4375390
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Wooding Masonry Service / General Contractor / Construction Company
    • Desoto Nails / Nail Salon
    • Beauty Town / Hair Salon / Nail Salon
    • Moss Rex S MD / Physician
    • Conquering Faith Pentecostal Church / Church

    Property Details for 901 N Polk St

    Year built
    1985
    Construction
    TILT-UP CONCRETE
    Lot size
    6.18 lot acres
    Property size
    83,744 SF
    Zone code
    Z97
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    201040000A0030000
    APU
    201040000A0030000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Desoto
    County
    Dallas
    State
    Texas
    Longitude
    -96.8419
    Latitude
    32.6063
    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
    $121,491
    $1,077,060
    $4,197,940
    $5,275,000
    -
    $1,077,060
    $4,197,940
    $5,275,000

    Comparable in this City

    • Value Estimation
      $740,000
      27,351 SF

      917 Hampton Rd

      REGIONAL SHOPPING CENTER, MALL • 27,351 SF
      917 Hampton Rd, Desoto, TX 75115-3955
      View Details
    • Value Estimation
      $1,560,000
      35,225 SF

      1109 Interstate 35th E

      REGIONAL SHOPPING CENTER, MALL • 35,225 SF
      1109 Interstate 35th E, Desoto, TX 75115
      View Details
    • Value Estimation
      $2,330,000
      58,990 SF

      210 Pleasant Run Rd

      REGIONAL SHOPPING CENTER, MALL • 58,990 SF
      210 Pleasant Run Rd, Desoto, TX 75115-3938
      View Details
    • Value Estimation by Request
      10,000 SF

      1110 Pleasant Run Rd

      REGIONAL SHOPPING CENTER, MALL • 10,000 SF
      1110 Pleasant Run Rd, Desoto, TX 75115-4202
      View Details
    • Value Estimation
      $1,905,000
      36,870 SF

      1001 Interstate 35th E

      REGIONAL SHOPPING CENTER, MALL • 36,870 SF
      1001 Interstate 35th E, Desoto, TX 75115-4261
      View Details
    • Value Estimation
      $1,160,000
      50,072 SF

      719 Hampton Rd

      REGIONAL SHOPPING CENTER, MALL • 50,072 SF
      719 Hampton Rd, Desoto, TX 75115-4534
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      27,341 SF

      Retail Center on Hampton Road

      Multi-tenant retail center in a high-traffic area.
      917 Hampton Rd, Desoto, TX 75115
      View Details
    • $6,565,000
      38,451 SF

      Fully Occupied DeSoto Retail Center

      Multi-tenant retail center in DeSoto, Texas, 100% occupied.
      1615 N Hampton Rd, Desoto, TX 75115
      View Details
    • Contact for pricing
      602 SF

      Versatile Commercial Spaces For Rent

      Commercial spaces suitable for office, retail, restaurant, and personal service.
      1615 N Hampton Rd, Desoto, TX 75115
      View Details
    • $795,000
      0.62 Acres

      Prime Restaurant Building in DeSoto

      Freestanding restaurant on 0.62 acres with high visibility.
      1109 E Pleasant Run Rd, Desoto, TX 75115
      View Details
    • Contact for pricing

      Retail Property on Hampton Road

      Retail property in high-traffic area of DeSoto, Texas.
      233 N Hampton Rd, Desoto, TX 75115
      View Details
    • $425,000
      4,800 SF

      Retail Opportunity in DeSoto, TX

      Retail property with daycare finish-out and large backyard.
      106 Barrows Ln, Desoto, TX 75115
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,550 SF

      Desoto Retail Space For Rent

      Retail space available in Walmart shadow-anchored shopping center.
      921-929 W Belt Line Rd, Desoto, TX 75115
      View Details
    • Contact for pricing
      6,700 SF

      Retail Space in DeSoto, Texas

      Retail spaces available in DeSoto, Texas, with high visibility.
      921 W Belt Line Rd, Desoto, TX 75115
      View Details
    • Contact for pricing

      Retail Space in DeSoto, Texas

      Retail property located near Interstate 35 in DeSoto, Texas.
      901 N Polk St, Desoto, TX 75115
      View Details
    • $14 SF/Yr
      1,527 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
      9,534 SF

      Retail Opportunity in Pleasant Run

      Retail space available in a renovated, high-traffic shopping center.
      911 N Hampton Rd, Desoto, TX 75115
      View Details
    • Contact for pricing
      9,967 SF

      Retail Center in High-Traffic Area

      Neighborhood retail center with strong mix of national and local tenants.
      1240 W Belt Line Rd, Desoto, TX 75115
      View Details
    View Listing
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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.

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