Prime Commercial Land
305 E Belt Line Road Wilmer, TX 75172
For Sale
$289,000
High-visibility commercial property on 0.433 acres in a developed area.
Property Size1,605 SF
Lot Size0.43 Acres
Price / SF$180.06
Days on Market100
Property Features for 305 E Belt Line Road
General Information
Standard status
Active
Size
1,605 SF
Lot size
0.43 Acres
Property subtype
Commercial
Building Details
Year Built
1950
Listing Agency:
CENTURY 21 Judge Fite Co.
(945) 900-1335
Listed By:
Kyle Weir
(945) 900-1335
Source:
Signaturere
Added: Apr 22
Changed: Jul 10
Last Checked: Jul 29 at 12:16PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 Judge Fite Co.
Investment Insights
Based on property information with market context.
This commercial property is situated on a 0.433-acre lot along a high-traffic roadway, offering excellent visibility. The property was originally built as a residential home but has been rezoned for commercial use. The existing 1,605 square foot structure is suited for professional offices, boutique retail, medical or wellness services, or specialty businesses. The lot features mature trees and room for parking, signage, and potential expansion, subject to local approvals. The property is located in a highly developed corridor and is surrounded by ongoing development.
Key Highlights
- Prime commercial location in a highly developed, high‑growth area.
- Excellent visibility and high traffic exposure on a busy roadway.
- Commercially zoned 0.433‑acre lot offering versatile usage options.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.4k | $25.20 |
| − Vacancy | −$10.1k | −$6.30 |
| EGI | $30.3k | $18.90 |
| − OpEx | −$7.6k | −$4.73 |
| NOI | $22.8k | $14.17 |
1,605 SF · lease $25.20/SF/yr · vacancy 25.00% · expense 25.00%
Alternative Uses
Best Use
Retail
$380.6K
$333.0K – $444.0K
NOI $26,640 @ 7.0% cap · market cap 9.22%
Second Best
Office B
$325.0K
$284.4K – $379.2K
NOI $22,751 @ 7.0% cap · market cap 7.87%
Theoretical Best
Multifamily LT 5
$19.24M
$16.83M – $22.45M
NOI $1,346,700 @ 7.0% cap · market cap 465.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Commercial land - High-visibility commercial property on 0.433 acres in a developed area.
Where is this commercial land located?
The property is located at 305 E Belt Line Road Wilmer, TX.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: Prime commercial location in a highly developed, high‑growth area.; Excellent visibility and high traffic exposure on a busy roadway.; Commercially zoned 0.433‑acre lot offering versatile usage options.
