901 Polk StDeSoto, TX 75115

Property Details for 901 Polk St

Year built

1985

Construction

TILT-UP CONCRETE

Lot size

5.16 AC

Property size (Sq ft)

49,382 SF

Zone code

Z97

Property type

Retail properties

Property subtype

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.

• CAP approach

  CAP return

  Valuation

  6%

  $12,380,748

  6.5%

  $11,428,383

  7%

  $10,612,070

• Comparable approach

  Method

  Valuation

  Relative Method

  $13,578,653

  Geo Method

  $37,256,880

• Alternative Use

  Use

  Valuation

  Residential

  $9,640,269

  Hospitality

  $8,830,434

  Educational

  $7,346,818

  Medical

  $7,599,486

  Retail

  $11,428,383

Location Insight

City

Desoto

County

Dallas

State

Texas

Latitude

32.6052

Longitude

-96.8417

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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