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    Mixed-Use Retail and Leased Dwelling Title is generated by Realmo AI

    1931 S Belt Line Road, Dallas, TX 75253

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    For Sale
    $500,000

    COMMERCIAL - Dallas, TX

    Lot size:
    0.57 Acres
    Added:
    Mar 26, 2026
    Days on Market:
    72
    Last Refresh:
    Jun 5 at 3:06 am

    Property Features for 1931 S Belt Line Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    00000899789190000
    Lot size
    0.57 Acres

    Taxes and HOA fees

    Tax Description
    WILDWOOD ACRES BLK 8805 PT LTS 24 & 25 ACS 0.
    Tax Annual Amount
    9749

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1955
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Combination
    Building materials
    Brick
    Roof type
    Composition

    We can help!

    Listing Contact
    Lupe Jimenez

    Listing agent Lupe Jimenez License #0758598

    Listing office Mersaes Real Estate, Inc. Garland, TX

    Listing date Mar 26, 2026

    MLS# 21194936

    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

    • Brick commercial property with central heat and central air
    • Year built 1955 with a composition roof and combination flooring
    • Rear dwelling is currently leased, providing existing rental income
    • Front building previously used as a doctor’s office and currently operating for retail antiques, firewood sales, and food service
    • Public water and public sewer connected
    • Ample on‑site parking for customer use

    Overview

    This mixed-use property combines a front building with a rear leased dwelling to support immediate income potential. The rear dwelling is currently leased, providing income from day one. The front building was formerly operated as a doctor’s office and has been adapted for flexible, revenue-generating retail activities, including retail antiques, firewood sales, and food service operations.

    Set on a manageable lot in Dallas, the property includes ample on-site parking designed to accommodate customers visiting the retail and food service uses. The overall setup supports an owner-operator approach as well as an investor seeking multiple ways to generate returns.

    With flexible space in the front building and an existing leased unit in the rear, this property may fit a range of buyers and operators, from owner-operators looking for on-site business opportunities to investors pursuing diversified income. Whether you plan to continue the current mix of retail and food service uses or reposition the front space to your concept, the combination of leased income and adaptable retail layout provides a practical foundation for an entrepreneurial vision.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Accounting Firm Big Box & Wholesale Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Collin
    State
    Texas
    Longitude
    -96.604316
    Latitude
    32.675137

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    FAQs

    What type of property is this?
    Single family property - Front retail space with flexible use and a rear leased dwelling create diversified income potential for investors.
    Where is this single family property located?
    The property is located at 1931 S Belt Line Road Dallas, TX.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: Brick commercial property with central heat and central air; Year built 1955 with a composition roof and combination flooring; Rear dwelling is currently leased, providing existing rental income
    (972) 203-9033
    We can help!
    Listing Contact
    Lupe Jimenez
    Real Estate License ID: 0758598
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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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