Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    106 Belt Line Rd Garland, TX 75040-4104
    Back to Search
    Property profile & analytics

    106 Belt Line Rd, Garland, TX 75040-4104

    View on Map
    • Assisted living facilities
    • 40,686 SF
    • 1.88 lot acres
    Off-Market
    Property ID
    US82-2296032
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $845,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Senior Care Beltline / Retirement Community / Nursing Home
    • Beltline Healthcare Center / Nursing Home

    Property Details for 106 Belt Line Rd

    Year built
    1976
    Construction
    FRAME
    Lot size
    1.88 lot acres
    Zone code
    Z99
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    26416500010230000
    APU
    26416500010230000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 12, 2017 — Beltline Senior Care Center Ll — Deed · related $7.9M · Lancaster Pollard Mtg
    Oct 31, 2014 — Beltline Senior Care Center Ll — Loan Modification · related $100M · Private Individual
    Dec 30, 2011 — Beltline Senior Care Center Ll — Deed Of Trust · related $202M · Cit Healthcare LLC
    May 8, 2009 — Beltline Senior Care Center Ll — Deed Of Trust · related $202M · Cit Healthcare LLC
    Apr 26, 2007 — Beltline Senior Care Center Ll Garland Nh Realty Ltd Deed Of Trust $202M · Cit Healthcare LLC
    — — Beltine Senior Care Center LLC — Deed Of Trust · related —
    — — Beltline Senior Care Center Ll — Deed Of Trust · related $7.9M · Lancaster Pollard Mtg
    — — Beltline Senior Care Center Ll — Deed Of Trust · related $23.8M · Cit Healthcare LLC

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $905,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $779,000
      Market price range: $780k - $1.23M

    • Alternative Use

      Use
      Estimation
      HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
      $955,000
      Current use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Garland
    County
    Dallas
    State
    Texas
    Longitude
    -96.6315
    Latitude
    32.9337
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $34,323
    $492,400
    $1,007,600
    $1,500,000
    -
    $492,400
    $1,007,600
    $1,500,000

    Comparable in this City

    • Value Estimation by Request
      23,433 SF

      1922 Castle Dr

      HOMES (RETIRED, NURSING)
      1922 Castle Dr, Garland, TX 75040-5400
      View Details
    • Value Estimation
      $900,000
      39,918 SF

      1525 Pleasant Vly Rd

      HOMES (RETIRED, NURSING)
      1525 Pleasant Vly Rd, Garland, TX 75040-4327
      View Details
    • Value Estimation
      $795,000
      41,590 SF

      3737 Garland Ave

      HOMES (RETIRED, NURSING)
      3737 Garland Ave, Garland, TX 75040-8502
      View Details
    • Value Estimation by Request
      4,936 SF

      3385 Naaman School Rd

      MEDICAL BUILDING
      3385 Naaman School Rd, Garland, TX 75040-8717
      View Details
    • Value Estimation by Request
      4,506 SF

      1280 Pleasant Vly Rd

      MEDICAL BUILDING
      1280 Pleasant Vly Rd, Garland, TX 75040
      View Details
    • Value Estimation by Request
      4,530 SF

      1309 Belt Line Rd

      MEDICAL BUILDING
      1309 Belt Line Rd, Garland, TX 75040-3671
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      39,159 SF

      The Draper: Boutique Redevelopment Opportunity

      Five-story building with redevelopment potential in evolving Garland market.
      111 S Garland Ave, Garland, TX 75040
      View Details
    • $1,105,650

      Medical/Physical Therapy Office For Sale

      Second generation medical office space available for purchase.
      3930 Naaman School Rd, Garland, TX 75040
      View Details
    • Contact for pricing
      15,414 SF

      Commercial Land Available

      Commercial land available for sale.
      1101 Main St, Garland, TX 75040
      View Details
    • Contact for pricing
      25,000 SF

      Industrial Property with Automotive Features

      25,000 SF industrial property featuring automotive equipment.
      421 E Walnut St, Garland, TX 75040
      View Details
    • Contact for pricing
      4,500 SF

      Garland Industrial Property with Cross-Dock

      Industrial property featuring a cross-dock building and auxiliary office.
      1801 Commerce St, Garland, TX 75040
      View Details
    • Contact for pricing

      Hard Corner Commercial Land Lot

      Commercial land lot at a busy intersection, suitable for development.
      2000 E Centerville Rd, Garland, TX 75040
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      75,811 SF

      Retail Space in Garland, Texas

      Retail spaces available in Garland, Texas.
      5435 N Garland Ave, Garland, TX 75040
      View Details
    • Contact for pricing
      32,383 SF

      Prime Retail Space in Garland

      High-visibility retail space at a busy Garland intersection.
      1332 Belt Line Rd, Garland, TX 75040
      View Details
    • Contact for pricing
      3,565 SF

      Retail Space on George Bush Turnpike

      Retail space available for lease on George Bush Turnpike.
      5255 N George Bush Tpke, Garland, TX 75040
      View Details
    • Contact for pricing

      Retail Space Near Firewheel Center

      Excellent access and visibility on Hwy 190, shadow-anchored by Lowe's.
      3003 N President George Bush Hwy, Garland, TX 75040
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space on Belt Line

      High-traffic retail space with prominent signage in Garland, TX.
      1238 Belt Line Rd, Garland, TX 75040
      View Details
    • Contact for pricing
      5,214 SF

      Garland Warehouse Near Downtown

      Warehouse space near Downtown Garland with grandfathered use.
      108 Austin St, Garland, TX 75040
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    106 Belt Line Rd
    Garland, TX 75040-4104
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    106 Belt Line Rd, Garland, TX, 75040
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!