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

    951 York Dr Ste, Unit 103 Desoto, TX 75115-2052

    • Medical offices
    • 1,277 SF
    • 0.74 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4371754
    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

    • Medical offices

    Property Details for 951 York Dr Ste

    Year built
    1988
    Construction
    FRAME
    Lot size
    0.74 lot acres
    Property size
    1,277 SF
    Zone code
    Z206
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    20005550000010300
    APU
    20005550000010300

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Desoto
    County
    Dallas
    State
    Texas
    Longitude
    -96.8804
    Latitude
    32.6461
    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
    $4,375
    $76,930
    $112,200
    $189,130
    -
    $76,930
    $112,200
    $189,130

    Comparable in this City

    • Value Estimation
      $2,000,000
      15,800 SF

      1750 Hampton Rd

      MEDICAL BUILDING • 15,800 SF
      1750 Hampton Rd, Desoto, TX 75115-2306
      View Details
    • Value Estimation
      $5,740,000
      30,234 SF

      3920 Wheatland Rd

      MEDICAL BUILDING • 30,234 SF
      3920 Wheatland Rd, Desoto, TX 75115
      View Details
    • Value Estimation
      $825,000
      5,670 SF

      3900 Wheatland Rd

      MEDICAL BUILDING • 5,670 SF
      3900 Wheatland Rd, Desoto, TX 75115
      View Details
    • Value Estimation
      $1,240,000
      8,340 SF

      800 Belt Line Rd

      MEDICAL BUILDING • 8,340 SF
      800 Belt Line Rd, Desoto, TX 75115-4907
      View Details
    • Value Estimation
      $625,000
      3,872 SF

      2505 Bolton Boone Dr

      MEDICAL BUILDING • 3,872 SF
      2505 Bolton Boone Dr, Desoto, TX 75115-2096
      View Details
    • Value Estimation by Request
      1,060 SF

      2727 Bolton Boone Dr, Unit Q115

      MEDICAL BUILDING • 1,060 SF
      2727 Bolton Boone Dr, Desoto, TX 75115-2019
      View Details

    Similar Nearby for Sale

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      Updated Medical Office Condo

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    • $525,000
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      DeSoto Commercial Property For Sale

      Versatile commercial building ideal for office, medical, or retail use.
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      DeSoto Office/Warehouse - $2.3M

      20,000 SF Office/Warehouse, 94% Occupied
      1301 Parkerville Rd, DeSoto, TX 75115
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    • $475,000
      0.42 Acres

      DeSoto Office Building with Yard

      Standalone office building in DeSoto with high visibility and accessibility.
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    • New
      $1,500,000
      13,565 SF

      Desoto Office Building For Sale

      13,565 SF office building in thriving Desoto, Texas.
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    Similar Nearby for Lease

    • $161 SF/Yr
      7,500 SF

      Prime DeSoto Office Space

      1,500 SF Executive Office Suite Available
      215 Dalton Dr, DeSoto, TX 75115
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    • $2,925 /Mo
      1,950 SF

      Hampton Road Retail/Office Space

      One-story brick retail/office center on Hampton Road.
      712 N Hampton Rd, Desoto, TX 75115
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    • $21 SF/Yr
      68,186 SF

      DeSoto Office Space for Lease

      Executive suites, ample parking, prime location.
      1801 Hampton Rd, DeSoto, TX 75115
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    • $16 SF/Yr
      373 SF

      DeSoto Office Space For Rent

      Office space available for lease in DeSoto, Texas.
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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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    • Contact for pricing
      64,910 SF

      Hampton Square Office Space

      DeSoto, TX Office Suite Available
      719 Hampton Rd, DeSoto, TX 75115
      View Details
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    951 York Dr Ste, Unit 103
    Desoto, TX 75115-2052
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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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