Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1501 E Belt Line Road Wilmer, TX 75172

    View on Map
    For Sale
    $21,770,325

    Unimproved Land - Wilmer, TX

    Type:Unimproved Land
    Lot size:
    69.38 Acres
    Added:
    Sep 29, 2025
    Days on Market:
    185
    Last Refresh:
    Apr 1 at 9:06 pm

    Property Features for 1501 E Belt Line Road

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    65161206510160000
    Lot size
    69.38 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Charles Horton

    Listing agent Charles Horton License #0546099

    Listing office The Michael Group Real Estate 1845 Precinct Line Rd., Dallas, TX

    Listing date Sep 29, 2025

    MLS# 20746531 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Mixed-Use Development Land

    This 69.384-acre mixed-use development site is located near I-45. Divisible lots ranging from 3 to 23 acres are available. The location is suitable for hotel, townhomes, single-family homes, multi-family housing, warehouse flex space, retail, and office space projects. Situated 15 miles from downtown Dallas, the site provides access to major highways and city utilities. Nearby corporations include Amazon, Unilever, Whirlpool, and Procter & Gamble. The development includes Lot 1 for townhomes with 14 two-story buildings on 10 acres; Lot 2 for a 23,400 sq. ft. hotel on 3.02 acres; Lot 3 for retail with 77,982 sq. ft. on 7.47 acres; Lot 4 for multi-family housing with 32 three-story buildings, each containing 27 units, on 23.64 acres; Lot 5 for 28 single-family homes on 0.5-acre lots on 18.38 acres; and Lot 6 for office warehouse space with 141,847 sq. ft. in 3 buildings on 7.06 acres. The development is eligible for potential city tax incentives. Since 2020, Wilmer has experienced rapid growth with 12 million sq. ft. of commercial space developed within 5 miles.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Building Supply Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Kitchen & Bath Showroom Food Market HVAC Service Grocery & Convenience Store Travel Agency Plumbing Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wilmer
    County
    Dallas
    State
    Texas
    Longitude
    -96.659312
    Latitude
    32.601156

    Nearby Similar for Sale

    • $310,000

      Commercial Land in High-Growth Area

      Prime commercial property with high visibility and versatile potential.
      305 E Belt Line Road, Wilmer, TX 75172
      View Details
    • $940,000

      Land Near I-45, Wilmer, TX

      6.99 acres near I-45, suitable for various developments.
      900 E Belt Line Road, Wilmer, TX 75172
      View Details
    • $70,000

      Wilmer, TX Unimproved Land

      1.20 acre property centrally located in Wilmer, Texas.
      1 Hart Street, Wilmer, TX 75172
      View Details
    • $37,000

      Land in Established Wilmer Area

      Unimproved land with mature trees in a quiet area.
      406 Walker Street, Wilmer, TX 75172
      View Details
    • $2,460,268

      Prime Mixed-Use Development Land

      69-acre mixed-use development land near I-45 in Wilmer, TX.
      1501-lot 6 E Belt Line Road, Wilmer, TX 75172
      View Details
    • $2,603,145

      Prime Mixed-Use Development Land

      69-acre mixed-use development land near I-45 in Wilmer, TX.
      1501-lot 3 E Belt Line Road, Wilmer, TX 75172
      View Details
    • $1,052,409

      Prime Mixed-Use Development Land

      69-acre mixed-use development site near I-45, divisible into smaller lots.
      1501-lot 2 E Belt Line Road, Wilmer, TX 75172
      View Details
    • $2,613,600

      Prime Mixed-Use Development Land

      69-acre mixed-use development land near I-45, Wilmer, TX.
      1501-lot 1 E Belt Line Road, Wilmer, TX 75172
      View Details
    • $8,328,067

      Prime Mixed-Use Development Land

      69-acre mixed-use development land near I-45 in Wilmer, TX.
      1501-lot 4 E Belt Line Road, Wilmer, TX 75172
      View Details
    • $4,803,796

      Prime Mixed-Use Development Land

      69-acre mixed-use development land near I-45 in Wilmer, TX.
      1501-lot 5 E Belt Line Road, Wilmer, TX 75172
      View Details
    • $1.00
      141,847 SF

      Prime Mixed-Use Development Land

      69-acre mixed-use development opportunity near I-45, 15 miles from Dallas.
      1501 E Belt Line Road, Wilmer, TX 75172
      View Details
    • $4,803,796
      141,847 SF

      Prime Mixed-Use Development Opportunity

      69-acre mixed-use development site near I-45, divisible lots available.
      1501-Lot 5 E Belt Line Road, Wilmer, TX 75172
      View Details

    FAQs

    What type of property is this?
    Commercial land - 69-acre mixed-use development site near I-45, 15 miles from Dallas.
    Where is this commercial land located?
    The property is located at 1501 E Belt Line Road Wilmer, TX.
    What is the asking price?
    The asking price for this property is $21,770,325.
    What are key features of this property?
    This property features: Prime 69‑acre mixed‑use development site with divisible lots (3‑23 acres) suitable for diverse projects.; Strategic location near I‑45, only 15 miles from downtown Dallas, with easy access to major highways and city utilities.; Proximity to major corporations like Amazon, Unilever, Whirlpool, and Procter & Gamble.
    (214) 692-6400
    We can help!
    Listing Contact
    Charles Horton
    Real Estate License ID: 0546099
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!