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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    901 Polk St Desoto, TX 75115-4013

    • Grocery and convenience stores
    • 49,382 SF
    • 5.16 lot acres
    OFF-MARKET
    Value Estimations
    $970,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3752177
    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

    • Wooding Masonry Service / Masonry Contractor / Concrete Contractor
    • Desoto Nails / Nail Salon
    • Beauty Town / Beauty Salon
    • Moss Rex S MD / Doctor
    • Conquering Faith Pentecostal Church / Church

    Property Details for 901 Polk St

    Year built
    1985
    Construction
    TILT-UP CONCRETE
    Lot size
    5.16 lot acres
    Property size
    49,382 SF
    Zone code
    Z97
    Property type
    Grocery and convenience stores
    APN
    201040000A0020100
    APU
    201040000A0020100

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $970,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Desoto
    County
    Dallas
    State
    Texas
    Longitude
    -96.8417
    Latitude
    32.6052
    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
    $0.00
    $898,150
    $2,095,380
    $2,993,530
    -
    $898,150
    $2,095,380
    $2,993,530

    Comparable in this City

    • Value Estimation
      $445,000
      3,010 SF

      730 Belt Line Rd

      CONVENIENCE STORE • 3,010 SF
      730 Belt Line Rd, Desoto, TX 75115-4956
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    • Value Estimation
      $310,000
      2,640 SF

      757 Belt Line Rd

      CONVENIENCE STORE • 2,640 SF
      757 Belt Line Rd, Desoto, TX 75115-5105
      View Details
    • Value Estimation
      $350,000
      3,060 SF

      809 Interstate 35th E

      CONVENIENCE STORE • 3,060 SF
      809 Interstate 35th E, Desoto, TX 75115-6439
      View Details
    • Value Estimation
      $335,000
      3,101 SF

      1501 Interstate 35th E

      CONVENIENCE STORE • 3,101 SF
      1501 Interstate 35th E, Desoto, TX 75115-2600
      View Details
    • Value Estimation
      $1,095,000
      66,650 SF

      1001 Interstate 35th E

      GROCERY, SUPERMARKET • 66,650 SF
      1001 Interstate 35th E, Desoto, TX 75115-4261
      View Details
    • Value Estimation
      $620,000
      5,718 SF

      1235 Belt Line Rd

      CONVENIENCE STORE • 5,718 SF
      1235 Belt Line Rd, Desoto, TX 75115-5285
      View Details

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      Prime Restaurant Building in DeSoto

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    Similar Nearby for Lease

    • $12 SF/Yr
      2,250 SF

      DeSoto Showroom and Warehouse Space

      2250 SF showroom and warehouse space available for lease.
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    • $725 /Mo
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      DeSoto Retail and Office Space

      26,000 SF marketplace with retail, restaurant, and office spaces.
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      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
      1,050 SF

      Retail Space with Hampton Road Visibility

      Retail space with easy access to major interstates.
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    • Contact for pricing
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      Retail Opportunity in Pleasant Run

      Retail space available in a renovated, high-traffic shopping center.
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      View Details
    • $18 SF/Yr
      2,474 SF

      Retail Space in DeSoto, TX

      Retail space available for lease in DeSoto, Texas.
      2010 N Hampton Rd, Desoto, TX 75115
      View Details
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    901 Polk St
    Desoto, TX 75115-4013
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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.

    More about this property
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