Freestanding Mixed-Use
For Sale
$3,000,000
4460 Belt Line Road, Addison, TX 75001
CommercialSale, Addison, TX
Property Size5,844 SF
Lot Size1.17 Acres
Price / SF$513.35
Days on Market8
Property Features for 4460 Belt Line Road
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
Retail
Parking features
Open
Subdivision
4500 Belt Line Road Add
Lot features
Interior Lot, Level
Directions
GPS works - 4460 Belt Line Rd, Addison, TX - West of DNT - between Inwood and Midway on the south side of Belt Line Rd
Standard status
Active
APN
100026600001R0000
Lot size
1.17 Acres
Taxes and HOA fees
Tax Description
4500 BELT LINE ADDN AMND LT 1R ACS 1.1689
Legal Description
4500 BELT LINE ADDN AMND LT 1R ACS 1.1689
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
patio
Building Details
Year built
1991
Floors in Building
1
Number of units
1
Flooring type
Concrete
Building materials
Brick, Frame, Stucco
Roof type
Flat
Listing Agency:
Coldwell Banker Apex, REALTORS · Coldwell Banker Real Estate
(972) 772-9300
Listed By:
Dan Robertson · License #0347196
(469) 450-7355
Added: Sep 16
Changed: Sep 21
Last Checked: Sep 23 at 7:06AM
MLS# 21388652
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Freestanding mixed-use property on a 1.169-acre site at 4460 Belt Line Road in Addison, Texas. The building is in shell condition and includes a 650 SF patio, concrete flooring, brick, frame, and stucco construction, a flat roof, electric heating, and central air. Public water and public sewer serve the property, with open parking on site.
The property sits along Belt Line Road in Addison’s restaurant and entertainment corridor, between Chuy’s and Chili’s. Its current shell condition allows for customization for restaurant, entertainment, or retail use, as supported by the existing property classification and site description. The building was constructed in 1991.
The property sits along Belt Line Road in Addison’s restaurant and entertainment corridor, between Chuy’s and Chili’s. Its current shell condition allows for customization for restaurant, entertainment, or retail use, as supported by the existing property classification and site description. The building was constructed in 1991.
Key Highlights
- 1.169‑acre site on Belt Line Road in Addison
- 650 SF patio
- Shell‑condition building suited for customization
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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Open Analytics
Current Use
Lease Details
Yes
Paved road access
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Shell-condition building with patio space, public utilities, and open parking on Belt Line Road.
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: 1.169‑acre site on Belt Line Road in Addison; 650 SF patio; Shell‑condition building suited for customization
