Commercial Land with Existing
For Sale
$1,350,000
322 N Belt Line Rd, Grand Prairie, TX 75050
Includes an existing commercial building with redevelopment potential.
Property Size8,539 SF
Price / SF$158.10
Days on Market73
Property Features for 322 N Belt Line Rd
General Information
Standard status
Active
Size
8,539 SF
Building Details
Year Built
1966
Listing Agency:
Competitive Edge Realty LLC
Listed By:
Coral Iserhienrhien
(972) 231-4663
Source:
Yourdavisteam
Added: Aug 13
Changed: Oct 11
Last Checked: Oct 7 at 2:00PM
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 Competitive Edge Realty LLC
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Investment Insights
Based on property information with market context.
This commercial land offering comprises approximately 1.353 acres at 322 Belt Line Road in Grand Prairie, Texas. An existing 8,539-square-foot commercial building occupies the site, providing an established improvement alongside the underlying land. Built in 1966, the property is being conveyed in its current AS-IS condition.
The site is positioned along Belt Line Road with access to major thoroughfares and nearby commercial areas. Zoning, permitted uses, measurements, utilities, and development requirements are subject to verification with the City of Grand Prairie. The combination of a sizable land parcel and existing commercial improvement supports evaluation for future redevelopment or continued commercial use.
The site is positioned along Belt Line Road with access to major thoroughfares and nearby commercial areas. Zoning, permitted uses, measurements, utilities, and development requirements are subject to verification with the City of Grand Prairie. The combination of a sizable land parcel and existing commercial improvement supports evaluation for future redevelopment or continued commercial use.
Key Highlights
- Approximately 1.353 acres of commercial land
- Existing 8,539 SF commercial building
- Built in 1966
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$117,573
Cap Rate
8.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,351,460
$2.4M
Cap Rate 7%
$1,679,614
$1.7M
Cap Rate 9%
$1,306,367
$1.3M
Market Conditions
NOI Build-Up for 8,539 SF
Gross rent
$176.2K $20.64/SF
− Vacancy
−$8.3K −$0.97/SF
EGI
$168.0K $19.67/SF
− OpEx
−$50.4K −$5.90/SF
NOI
$117.6K $13.77/SF
Area
Grand Prairie, TX
Vacancy
4.70%
Lease Rate
$20.64 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,351,460
Cap Rate 7%
$1,679,614
Cap Rate 9%
$1,306,367
Alternative Uses
Best Use
Retail
$1.68M
$1.47M – $1.96M
NOI $117,573 @ 7.0% cap · market cap 8.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.40M
$2.10M – $2.80M
NOI $168,048 @ 7.0% cap · market cap 12.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
877
Businesses Nearby
150k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 56%
Dining 43%
McDonald's
Dining
39,193 visits/mo
0.3 miles
RaceTrac
Shops & Services
23,348 visits/mo
0.4 miles
Dollar Tree
Shops & Services
20,370 visits/mo
0.4 miles
Chase Bank
Shops & Services
14,901 visits/mo
0.3 miles
Family Dollar
Shops & Services
12,127 visits/mo
0.2 miles
Demographics for 75050, TX
43,531
Population
17,286
Households
2.5
Avg Household Size
33
Median Age
23%
College-Educated
79%
High-School Grad
25.8 sq mi
ZIP Area
1,687
Density / Sq Mi
$70,484
Median Household Income
$39,322
Median Earnings
$1,412
Median Rent
$224,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Commercial land - Includes an existing commercial building with redevelopment potential.
Where is this commercial land located?
The property is located at 322 N Belt Line Rd Grand Prairie, TX.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Approximately 1.353 acres of commercial land; Existing 8,539 SF commercial building; Built in 1966
