Corner Commercial
New
For Sale
$350,000
402 W Belt Line Road, Cedar Hill, TX 75104
Commercial retail-office zoning and the city’s openness to residential mixed-use concepts broaden the range of potential plans.
Property Size1,300 SF
Days on Market3
Property Features for 402 W Belt Line Road
General Information
Standard status
Active
Size
1,300 SF
Property subtype
Retail
Site & Location
Neighborhood
Mountain Creek
Taxes and HOA fees
Annual Taxes
$3,137
Building Details
Building Size
1,300 SF
Year Built
1989
Listing Agency:
Tero Real Estate
Listed By:
Chris Cauda · License #0732537
(732) 713-1762
Source:
Nilesrealtygroup
Added: Oct 24
Changed: Oct 25
Last Checked: Oct 25 at 2:44AM
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 Tero Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial land parcel occupies the corner of W Belt Line Road and Church Street in Cedar Hill. The site previously operated as a used car lot and carries commercial retail-office zoning. The city is open to proposals that include residential mixed-use concepts.
US Hwy 67 is less than a mile away. The adjoining property at 406 W Belt Line Road may be acquired with this parcel, offering an option to assemble the two sites.
US Hwy 67 is less than a mile away. The adjoining property at 406 W Belt Line Road may be acquired with this parcel, offering an option to assemble the two sites.
Key Highlights
- Corner location at W Belt Line Road and Church Street
- Commercial retail‑office zoning; city is open to concepts including residential mixed‑use
- Less than a mile from US Hwy 67
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,578
Cap Rate
6.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$431,560
$431.6K
Cap Rate 7%
$308,257
$308.3K
Cap Rate 9%
$239,756
$239.8K
Market Conditions
NOI Build-Up for 1,300 SF
Gross rent
$32.4K $24.96/SF
− Vacancy
−$1.6K −$1.25/SF
EGI
$30.8K $23.71/SF
− OpEx
−$9.2K −$7.11/SF
NOI
$21.6K $16.60/SF
Area
Dallas County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$431,560
Cap Rate 7%
$308,257
Cap Rate 9%
$239,756
Alternative Uses
Best Use
Retail
$308.3K
$269.7K – $359.6K
NOI $21,578 @ 7.0% cap · market cap 6.17%
Second Best
Industrial
$96.3K
$84.2K – $112.3K
NOI $6,739 @ 7.0% cap · market cap 1.93%
Theoretical Best
Multifamily LT 5
$15.58M
$13.63M – $18.18M
NOI $1,090,785 @ 7.0% cap · market cap 311.65%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
997
Businesses Nearby
87k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 45%
Leisure 35%
Shops & Services 15%
Dining 3%
JCPenney
Apparel
31,826 visits/mo
0.5 miles
Cinemark Cedar Hill
Leisure
30,631 visits/mo
0.3 miles
Texaco
Shops & Services
9,408 visits/mo
0.4 miles
Plato's Closet
Apparel
7,315 visits/mo
0.5 miles
Williams Chicken
Dining
2,256 visits/mo
0.5 miles
Demographics for 75104, TX
49,749
Population
17,365
Households
2.9
Avg Household Size
37
Median Age
31%
College-Educated
91%
High-School Grad
36.9 sq mi
ZIP Area
1,348
Density / Sq Mi
$91,147
Median Household Income
$46,579
Median Earnings
$1,886
Median Rent
$274,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Commercial land - Commercial retail-office zoning and the city’s openness to residential mixed-use concepts broaden the range of potential plans.
Where is this commercial land located?
The property is located at 402 W Belt Line Road Cedar Hill, TX.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Corner location at W Belt Line Road and Church Street; Commercial retail‑office zoning; city is open to concepts including residential mixed‑use; Less than a mile from US Hwy 67
