Back to Search
Property profile & analytics
FOR LEASE
Super regional malls
4021 Belt Line Rd Addison, TX 75001
Individually Owned
14-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-9607816
For Lease
1 / 4
Contact for pricing
4021 Belt Line Rd, Addison, TX 75001
View Listing →
Property summary
AI-generated overview
Belt Line Square, a two-story Class B retail strip center in Addison, Texas (75001), offers 36,263 square feet of space, with 17,859 square feet currently vacant. Located at 4021 Belt Line Rd, this property boasts a 2014 renovation and provides multiple suite options ranging from a minimum of 1,700 square feet to a maximum contiguous space of 7,702 square feet. The center features a total of five suites and benefits from high visibility along Belt Line Road, surrounded by established national retailers like PetSmart, Kroger, and Office Depot. This location provides excellent access to a substantial consumer base, with a daytime population exceeding 263,000 within a five-mile radius. The property's modern aesthetic and ample parking further enhance its appeal to prospective tenants. The available space is ideal for businesses seeking a prominent location within a thriving retail district. This is a unique opportunity to establish or expand your business in a high-traffic area with strong demographics.
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1981
Construction
TILT-UP CONCRETE
Total area
28,200 SF
Lot
3.02 ac (131,551 SF)
Zoning code
Z137
APN
10006040004R20000
UPID
US82-9607816
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Dr. Kayla Barrett Dental Office
-
Legacy Arts Tattoo Tattoo & Piercing Shop
-
MINT dentistry | Addison Dental Office
-
June Street Barber Shop
-
La Vie Est Belle Laser Spa & Aesthetics Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$910k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.02M
Blend (final)
Blend
$965k
Owner & transaction history
Mlcfc 2007-9 Belt Line Road Ll · 14 yrs held
Mlcfc 2007-9 Belt Line Road Ll
since 2012
2 recorded transactions
Zoning & alternative use
Z137 · Addison, TX
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Addison submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Addison submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$910,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,220,000
Current use
OFFICE BUILDING
$1,200,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$965k
Range $869k – $1.06M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$34 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$83,503
Tax year 2023
Assessed value
$3,850,000
Assessed 2023
Previous assessed
$3,850,000
+0.0% YoY
Effective rate
2.17%
On assessed value
Assessed land
$1,973,270
Assessed improvement
$1,876,730
Land market value
$1,973,270
Improvement market value
$1,876,730
Total market value
$3,850,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
For Lease
Year built
1981
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Buildings
3
Stories
2
Total area
28,200 SF
Lot
3.02 ac (131,551 SF)
Zoning code
Z137
APN
10006040004R20000
UPID
US82-9607816
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z137 · Addison, TXZoning Z137 · permitted uses
Z137 · Addison, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1981
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
3
Lot
3.02 ac
Current owner
From public records · entity-resolved
Mlcfc 2007-9 Belt Line Road Ll
Individual
Free & Clear · 14 yrs held
Mailing address
2929 CARLISLE ST STE #170, DALLAS, TX 75204-4067
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 8, 2012
$1,750,000
Mlcfc 2007-9 Belt Line Road Ll
Charles N Curry
Trustees Deed
—
Jul 27, 2007
—
Miriam Beltline LLC
Belt Line Square Ltd
Quit Claim Deed
related
$4,360,000 · Countrywide Com'l R/e Fin
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
