Freestanding Mixed-Use
New
For Sale
$3,000,000
4460 Beltline 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 Market2
Property Features for 4460 Beltline 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
(972) 772-9300
Source:
Nilesrealtygroup
Added: Sep 18
Last Checked: Sep 19 at 10:42AM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$104,477
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.48%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
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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
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
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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 Beltline 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
