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    Mixed-Use Development Land Opportunity Title is generated by Realmo AI

    1501-Lot 1 E Belt Line Road, Wilmer, TX 75172

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    Claim this Listing
    For Sale
    $2,613,600

    LAND - Wilmer, TX

    Property size:
    141,847 SF
    Lot size:
    10.00 Acres
    Price / SF:
    $18/SF
    Added:
    Feb 17, 2026
    Days on Market:
    106
    Last Refresh:
    Jun 3 at 10:06 pm

    Property Features for 1501-Lot 1 E Belt Line Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Property condition
    Under Construction
    Standard status
    Active
    APN
    65161206510160000
    Lot size
    10.00 Acres

    Taxes and HOA fees

    Tax Description
    C A WARFIELD ABST 1612 PG 065 TR 16 ACS 69.38
    Tax Annual Amount
    69322

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Charles Horton

    Listing agent Charles Horton License #0546099

    Listing office The Michael Group Real Estate Dallas, TX

    Listing date Feb 17, 2026

    MLS# 20861552

    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.

    HighLights

    • 69‑acre mixed‑use development site under construction with public water and public sewer services
    • Divisible lots available from 3 to 23 acres, supporting projects including hotel, townhomes, single‑family, multi‑family, warehouse flex, retail, and office
    • Lot 1: 10 acres with 14 two‑story townhome buildings priced at $6.00 per sq. ft., totaling $2,613,600
    • Available hotel pad includes a 23,400 sq. ft. hotel site
    • Available office warehouse space totals 141,847 sq. ft.
    • Located close to I‑45, about 15 miles from downtown Dallas; potential city tax incentives noted

    Overview

    A prime mixed-use development land opportunity in Wilmer, TX, offering divisible lots and flexible project planning. Lot 1 is identified as 10 acres and includes 14 two-story townhome buildings, presenting a ready framework for residential-focused development. The broader offering contemplates lots from 3 to 23 acres, supporting a range of uses such as hotel, townhomes, single-family homes, multi-family housing, warehouse flex space, retail, and office space.

    The site is described as being located close to I-45, with access to major highways and city utilities. Public remarks also note proximity to downtown Dallas and highlight nearby corporate presence, including Amazon, Unilever, Whirlpool, and Procter & Gamble, which may support sustained demand for mixed-use development. Eligible city tax incentives are also referenced, offering potential upside for qualified projects.

    For investors, developers, and operators, the land’s divisibility and mix of contemplated uses provide options to match tenant demand and build-to-suit strategies. Whether you are underwriting a residential component with the existing townhome configuration on Lot 1, or assembling a larger plan that combines warehousing, flex space, retail, and office, this offering is positioned for growth-oriented development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    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

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    FAQs

    What type of property is this?
    Mixed-use property - Large mixed-use land parcel with room for multiple housing, retail, office, and warehouse flex development concepts.
    Where is this mixed-use property located?
    The property is located at 1501-Lot 1 E Belt Line Road Wilmer, TX.
    What is the asking price?
    The asking price for this property is $2,613,600.
    What are key features of this property?
    This property features: 69‑acre mixed‑use development site under construction with public water and public sewer services; Divisible lots available from 3 to 23 acres, supporting projects including hotel, townhomes, single‑family, multi‑family, warehouse flex, retail, and office; Lot 1: 10 acres with 14 two‑story townhome buildings priced at $6.00 per sq. ft., totaling $2,613,600
    (214) 692-6400
    We can help!
    Listing Contact
    Charles Horton
    Real Estate License ID: 0546099
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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.

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    1501-Lot 1 E Belt Line Road, Wilmer, TX 75172
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