Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Mixed-Use Development Land Title is generated by Realmo AI

    1501-Lot 2 E Belt Line Road, Wilmer, TX 75172

    View on Map
    Claim this Listing
    For Sale
    $1,052,409

    LAND - Wilmer, TX

    Lot size:
    3.02 Acres
    Added:
    Feb 17, 2026
    Days on Market:
    105
    Last Refresh:
    Jun 2 at 11:06 pm

    Property Features for 1501-Lot 2 E Belt Line Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Property condition
    Under Construction
    Standard status
    Active
    APN
    65161206510160000
    Lot size
    3.02 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# 20861557

    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 under construction with divisible lots from 3 to 23 acres for multiple project types
    • Lot 2 includes a PD hotel totaling 23,400 sq. ft. on 3.02 acres
    • Additional available space includes 141,847 sq. ft. of office warehouse space
    • Utilities available: public water and public sewer
    • Located close to I‑45 and about 15 miles from downtown Dallas for major‑highway access
    • Potential city tax incentives may be available

    Overview

    A prime mixed-use development site offering divisible lots for a range of projects. Lot 2 includes a planned development (PD) hotel totaling 23,400 square feet on 3.02 acres, with additional acreage available to support complementary uses.

    The property is located close to I-45, providing convenient access to major highways and city utilities. It is approximately 15 miles from downtown Dallas, with nearby corporate activity including Amazon, Unilever, Whirlpool, and Procter & Gamble. The broader development opportunity is supported by nearby growth in commercial space since 2020.

    For investors and developers, this land package is structured to match different project sizes, from smaller allocations to larger builds. The availability of office, office warehouse, retail, and residential-oriented development options can help operators tailor an end-use strategy to market demand while taking advantage of potential city tax incentives, where eligible. The presence of an identified PD hotel component on Lot 2 may also appeal to buyers seeking an anchored hospitality plan within a flexible, mixed-use framework.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hotels

    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

    • $289,000

      Rezoned Commercial Office-Ready Property

      Versatile rezoned property on a high-traffic corridor with a flexible layout for professional, retail, or medical users.
      305 E Belt Line Road, Wilmer, TX 75172
      View Details
    • $2,613,600

      Mixed-Use Development Land Opportunity

      Large mixed-use land parcel with room for multiple housing, retail, office, and warehouse flex development concepts.
      1501-Lot 1 E Belt Line Road, Wilmer, TX 75172
      View Details
    • $2,460,268

      Mixed-Use Development Land

      Developable tract with PD office warehouse space in multiple buildings, positioned near I-45 for logistics and commercial uses.
      1501-Lot 6 E Belt Line Road, Wilmer, TX 75172
      View Details
    • $8,328,067

      Mixed-Use Development Land

      Divisible acreage with an existing multi-family component and options for hotel and flex/warehouse uses near major highways.
      1501-Lot 4 E Belt Line Road, Wilmer, TX 75172
      View Details
    • Contact for pricing
      167,249 SF

      Wilmer Warehouse with 134 Docks

      481,520 SF warehouse with 36' clear height available.
      200 Dalport Pkwy, Wilmer, TX
      View Details

    FAQs

    What type of property is this?
    Hotel - Divisible lots near I-45 support hotel and warehouse flex concepts with multiple residential and commercial possibilities.
    Where is this hotel located?
    The property is located at 1501-Lot 2 E Belt Line Road Wilmer, TX.
    What is the asking price?
    The asking price for this property is $1,052,409.
    What are key features of this property?
    This property features: 69‑acre mixed‑use development under construction with divisible lots from 3 to 23 acres for multiple project types; Lot 2 includes a PD hotel totaling 23,400 sq. ft. on 3.02 acres; Additional available space includes 141,847 sq. ft. of office warehouse space
    (214) 692-6400
    We can help!
    Listing Contact
    Charles Horton
    Real Estate License ID: 0546099
    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

    Thank You for Inquiry
    1501-Lot 2 E Belt Line Road, Wilmer, TX 75172
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!