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Property profile & analytics
OFF-MARKET Estimated value $1,600,000
Grocery and convenience stores

901 Polk St Desoto, TX 75115-4013

49,382 SF 5.16 ac lot Built 1985
Entity Owned 18-yr Hold ~ Est. High Equity
Property ID
US83-3752177
Property summary
AI-generated overview

This exceptional 83,894 square foot medical office and shopping center, located at the northwest and northeast corners of N. Polk Street and E. Pleasant Run Road in Dallas County, presents a unique investment opportunity. Built in 1985 and extensively renovated in 2023, the single-story building boasts a diverse mix of existing tenants. Currently, there is 35,890 square feet of vacant space available, divisible into units as small as 30,090 square feet and with a maximum contiguous space of 35,000 square feet. The property is zoned for retail use, offering flexibility for a variety of medical practices or complementary retail businesses. Its strategic location provides convenient access to Interstate 35E, approximately one mile away, ensuring high visibility and accessibility for patients and clients. This property offers a blend of established tenancy and significant expansion potential, making it an ideal choice for healthcare providers seeking a prominent location in a thriving Dallas County market. The property's recent renovation ensures modern amenities and a high-quality environment. This is a rare opportunity to acquire a substantial space in a well-established center with excellent access and visibility.

Property profile
Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1985
Construction TILT-UP CONCRETE
Total area 49,382 SF
Lot 5.16 ac (224,552 SF)
Zoning code Z97
APN 201040000A0020100
UPID US83-3752177
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
  • 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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$970k
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.22M
Blend (final) Blend
$1.60M
Owner & transaction history
901 Polk Street Associates LLC · 18 yrs held
901 Polk Street Associates LLC
since 2007
1 recorded transaction
2007
Price N/A
Zoning & alternative use
Z97 · Desoto, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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