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    Re-zoned Light Industrial Land Parcels Title is generated by Realmo AI

    200 Ferris Street, Wilmer, TX 75172

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    Claim this Listing
    For Sale
    $1,500,000

    LAND - Wilmer, TX

    Lot size:
    10.22 Acres
    Added:
    May 1, 2026
    Days on Market:
    36
    Last Refresh:
    Jun 5 at 2:06 am

    Property Features for 200 Ferris Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    65050539010160000
    Lot size
    10.22 Acres

    Taxes and HOA fees

    Tax Description
    A K GRAY ABST 505 PG 390 TR 16 ACS 8.9938 VOL
    Tax Annual Amount
    11743

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1930
    Floors in Building
    1
    Number of units
    3
    Building materials
    VinylSiding

    We can help!

    Listing Contact
    Kimberly Jansonius

    Listing agent Kimberly Jansonius License #0472649

    Listing office RE/MAX Arbors Ennis, TX

    Listing date May 1, 2026

    MLS# 21257695

    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

    • 10.418‑acre property in Wilmer, TX, with four contiguous lots: 200 Ferris, 37 Belt Line, 219 S. Dallas, and 241 S. Dallas
    • All four lots have been rezoned to Light Industrial
    • Largest unimproved portions are at 200 Ferris St. and 37 Belt Line
    • Home located at 219 S. Dallas and 241 S. Dallas; Year built 1930; vinyl siding
    • Utilities available: public water and public sewer
    • Property is about 6 blocks from I‑45 and about 6 miles from the I‑20 and I‑45 exchange; electrical substation located nearby

    Overview

    A 10+ acre parcel made up of four contiguous lots is available for sale, with the largest unimproved areas located at 200 Ferris St. and 37 Belt Line. The property’s lots at 219 S. Dallas and 241 S. Dallas each include a home and three metal buildings; however, the metal buildings will not convey with the sale.

    The site is located in Wilmer, Texas, roughly six blocks from I-45 and about six miles from the I-20 and I-45 exchange. This portion of the city has been historically residential, and the area has seen growth from major warehouses and industrial businesses in and around the DalPort Trade Center. The current rezoning moves the property into Light Industrial, with residential activity shifting north of Beltline.

    This land configuration is well suited for buyers looking to develop new light industrial use, with the unimproved portions providing flexibility for layout planning. Because the metal buildings do not convey and the homes remain on two of the lots, prospective operators should plan for site work and a development strategy that aligns with the rezoned Light Industrial entitlements.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Auto Parts Store Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Wilmer
    County
    Dallas
    State
    Texas
    Longitude
    -96.685585
    Latitude
    32.586717

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    FAQs

    What type of property is this?
    Industrial land - Four contiguous lots offer Light Industrial zoning with room for new warehouse and distribution development near major interstates.
    Where is this industrial land located?
    The property is located at 200 Ferris Street Wilmer, TX.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: 10.418‑acre property in Wilmer, TX, with four contiguous lots: 200 Ferris, 37 Belt Line, 219 S. Dallas, and 241 S. Dallas; All four lots have been rezoned to Light Industrial; Largest unimproved portions are at 200 Ferris St. and 37 Belt Line
    (972) 872-3355
    We can help!
    Listing Contact
    Kimberly Jansonius
    Real Estate License ID: 0472649
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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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