Freestanding Mixed-Use
For Sale
$3,000,000
4460 Belt Line Road, Addison, TX 75001
Shell-condition space can be configured for restaurant, entertainment, or retail use.
Property Size5,844 SF
Lot Size1.17 Acres
Price / SF$513.35
Days on Market47
Property Features for 4460 Belt Line Road
General Information
Standard status
Active
Size
5,844 SF
Lot size
1.17 Acres
Property subtype
Retail
Property Condition
Severity
Repairs Needed
Evidence
shell condition
Additional Details
Patio
Yes
Building Details
Building Size
5,844 SF
Year Built
1991
Listing Agency:
Coldwell Banker Apex, REALTORS
Listed By:
Dan Robertson · License #0347196
(214) 926-6199
Source:
Nilesrealtygroup
Added: Sep 18
Changed: Nov 2
Last Checked: Nov 3 at 11:00AM
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 Coldwell Banker Apex, REALTORS
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Investment Insights
Based on property information with market context.
Built in 1991, the freestanding mixed-use property includes a 5,844-square-foot building on 1.17 acres, along with a 650-square-foot patio. The interior is currently in shell condition, allowing customization for an upscale restaurant, entertainment venue, or retail concept. The standalone format supports a distinct commercial identity rather than a suite within a larger center.
Located on Belt Line Road in Addison, the property is positioned within a recognized restaurant and entertainment corridor. Chuy’s and Chili’s are identified as neighboring national brands, placing the site among established dining destinations. The property is offered for sale and is also available for lease.
Located on Belt Line Road in Addison, the property is positioned within a recognized restaurant and entertainment corridor. Chuy’s and Chili’s are identified as neighboring national brands, placing the site among established dining destinations. The property is offered for sale and is also available for lease.
Key Highlights
- 5,844‑square‑foot freestanding building on 1.17 acres
- 650 sf patio included with the property
- Currently in shell condition for customized buildout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$104,477
Cap Rate
3.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,089,540
$2.1M
Cap Rate 7%
$1,492,529
$1.5M
Cap Rate 9%
$1,160,856
$1.2M
Market Conditions
NOI Build-Up for 5,844 SF
Gross rent
$145.9K $24.96/SF
− Vacancy
−$6.6K −$1.12/SF
EGI
$139.3K $23.84/SF
− OpEx
−$34.8K −$5.96/SF
NOI
$104.5K $17.88/SF
Area
Dallas County, TX
Vacancy
4.50%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,089,540
Cap Rate 7%
$1,492,529
Cap Rate 9%
$1,160,856
Alternative Uses
Best Use
Specialty Retail
$1.49M
$1.31M – $1.74M
NOI $104,477 @ 7.0% cap · market cap 3.48%
Second Best
Retail
$1.39M
$1.21M – $1.62M
NOI $97,001 @ 7.0% cap · market cap 3.23%
Theoretical Best
Multifamily LT 5
$70.05M
$61.29M – $81.72M
NOI $4,903,499 @ 7.0% cap · market cap 163.45%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
3,352
Businesses Nearby
95k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 85%
Hotels & Casinos 9%
Office Supplies 6%
Olive Garden
Dining
20,955 visits/mo
0.3 miles
Fogo de Chao
Dining
12,527 visits/mo
0.2 miles
Chuy's
Dining
12,236 visits/mo
0.1 miles
Chili's Grill & Bar
Dining
10,770 visits/mo
0.1 miles
Buffalo Wild Wings
Dining
9,261 visits/mo
0.5 miles
Demographics for 75001, TX
16,528
Population
10,590
Households
1.6
Avg Household Size
34
Median Age
61%
College-Educated
97%
High-School Grad
3.8 sq mi
ZIP Area
4,349
Density / Sq Mi
$82,577
Median Household Income
$55,977
Median Earnings
$1,717
Median Rent
$455,800
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Shell-condition space can be configured for restaurant, entertainment, or retail use.
Where is this mixed-use property located?
The property is located at 4460 Belt Line Road Addison, TX.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 5,844‑square‑foot freestanding building on 1.17 acres; 650 sf patio included with the property; Currently in shell condition for customized buildout
