Charales Plaza, a brand-new, single-story retail center, offers exceptional leasing opportunities in the thriving Sunnyvale, Texas market. Located at the southeast corner of Town E. Boulevard and N. Belt Line Road (3501 N. Belt Line Rd, Sunnyvale, TX 75182), this 39,500 square foot center boasts a modern design and high visibility. Currently, there is 18,100 square feet of vacant space available, offering a variety of suite sizes to accommodate diverse business needs. Available spaces include: Suite 116 (1,600 SF), Suite 115 (1,600 SF), Suite 114 (1,600 SF), Suite 109 (2,700 SF), Suite 108 (1,650 SF), Suite 106 (1,650 SF), Suite 104 (1,650 SF), Suite 103 (1,650 SF), and Suite 102 (2,200 SF). All spaces are shell spaces, ready for tenant build-out. The property was completed in 2022, ensuring modern amenities and efficient layouts. This high-traffic location provides excellent exposure for businesses seeking a prominent presence in a rapidly growing area. The asking rent is $27 per square foot, gross. This represents a unique chance to establish a business in a prime retail location with significant potential for growth and success. Contact us today to learn more about this exciting opportunity.
Property Features for 3501 Belt Line Rd
General Information
Property type
Retail properties
Lease Type
Gross Lease
RSF (Rentable sq. ft)
39,500 SF
Total Rate
95458.33
Building Details
Year Built
2022
Stories
1
Unit(s) available at that property
Space
Suite 108
Size
1,650 SF
Rate per SF
$29
Space
Suite 109
Size
2,700 SF
Rate per SF
$29
Space
Suite 114
Size
1,600 SF
Rate per SF
$29
Space
Suite 115
Size
1,600 SF
Rate per SF
$29
Space
Suite 116
Size
1,600 SF
Rate per SF
$29
Space
Suite 103
Size
1,650 SF
Rate per SF
$29
Space
Suite 104
Size
1,650 SF
Rate per SF
$29
Space
Suite 106
Size
1,650 SF
Rate per SF
$29
Space
Suite 102
Size
2,200 SF
Rate per SF
$35
We can help!
Listing Contact
Oliver Willman
Learn more
HighLights
New 39,500 SF retail center in Sunnyvale, TX, at the southeast corner of Town E. Blvd. and N. Belt Line Rd.
High visibility and excellent access from Belt Line Rd., a major north‑south thoroughfare between I‑30 and Hwy. 80.
Densely populated area with over 250,000 residents within a 5‑mile radius.
Tenant improvement (TI) packages available.
Strong tenant mix including Hotworx, Bahama Bucks, and Nation's Giant Hamburgers.
Located directly across from a proposed Tom Thumb grocery store.
Retail property - Prime Retail Space, Sunnyvale, TX
Where is this retail property located?
The property is located at 3501 Belt Line Rd Sunnyvale, TX.
What is the lease rate?
The lease rate is $29-$35 SF/Yr.
What are key features of this property?
This property features: New 39,500 SF retail center in Sunnyvale, TX, at the southeast corner of Town E. Blvd. and N. Belt Line Rd.; High visibility and excellent access from Belt Line Rd., a major north-south thoroughfare between I-30 and Hwy. 80.; Densely populated area with over 250,000 residents within a 5-mile radius.
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3501 Belt Line Rd Sunnyvale, TX 75182
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Realmo Value Estimations
Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods.
Disclaimer
These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.
AI approach
Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.
Realmo CapRate Calculation
Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.
How We Calculate Cap Rate
Cap Rate Formula: Cap Rate (%) = (Net Operating Income / Property Value) × 100
Net Operating Income (NOI) Formula: NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)
Components
Net Operating Income (NOI) represents the annual income a property generates after operating expenses:
Area: Building square footage from property records
Lease Rate: Annual $/sqft based on market data for the property type and geographic location
Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
Operating Expense Ratio: Operating costs as a percentage of income, varies by property type
Property Value is derived from:
Recent sale price (if available)
Statistical models using comparable sales
AI-powered valuation estimates
Example Calculation
For a 100,000 sqft Office Building:
Lease Rate: $25.00/sqft/year (market data for Office in this area)
Vacancy Rate: 8% (market data for Office in this area)
Operating Expense Ratio: 35% (typical for Office properties)
Property Value: $15,000,000
Step 1: Calculate NOI
NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35) NOI = 100,000 × $25.00 × 0.92 × 0.65 NOI = $1,495,000/year
Step 2: Calculate Cap Rate
Cap Rate = ($1,495,000 / $15,000,000) × 100 Cap Rate = 9.97%
Property Type Considerations
Net Operating Income calculations vary by property type due to different operating expense ratios:
Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
Retail: Moderate expenses (25-35%) for common area maintenance
Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
Multifamily: Moderate expenses (35-45%) including property management
Self-Storage: Lower expenses (25-35%) due to minimal maintenance
Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.
Disclaimer
These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.
Cap Rate calculations depend on market data that may change over time
Actual operating expenses, lease rates, and vacancy rates may differ from market averages
Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
Property value estimates are approximations and not official appraisals
Cap rates vary widely by market, property condition, and investment risk profile
Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.
Cap approach
Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.
Comparable approach
Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.
Relative
Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.
Geo
Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels
across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.
Stat Estimate
This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.
Ranges - area data calculated by industry standard IQR Outlier Removal Method
Range-from: 75% of all similar sales ($/sqft) are above this value
Range-to: 75% of all similar sales ($/sqft) are below this value
AI Estimate
This method estimates value based on AI market estimation of comparable properties around by location and property type.
Ranges - area data calculated by industry standard IQR Outlier Removal Method
Range-from: 75% of all estimations ($/sqft) are above this value
Range-to: 75% of all estimations ($/sqft) are below this value
Alternative use
Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.
More about this property
3501 Belt Line Rd Sunnyvale, TX 75182
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3501 Belt Line Rd, Sunnyvale, TX
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Oliver Willman
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3501 Belt Line Rd, Sunnyvale, TX
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3501 Belt Line Rd, Sunnyvale, TX
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3501 Belt Line Rd, Sunnyvale, TX
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Listing Contact
Oliver Willman
Real Estate License ID: TX 788014
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