Technical
Financial
Distress signals
Property profile

901 Polk St Desoto, TX 75115

OFF-MARKET
Grocery and convenience stores
Property ID
US83-3752177
49,382 SF 5.16 ac lot Built 1985
Entity Owned 19-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • General Contractor Construction Company
  • Nail Salon
  • Hair Salon Nail Salon
  • Physician
  • Church

Location

901 Polk St Desoto, TX 75115-4013
Desoto metro Census 16610 DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
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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

since 2007
1 recorded transaction
2007
Price N/A

Zoning & alternative use

Z97 · Desoto, TX

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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