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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1240 Belt Line Rd Richardson, TX 75081-3707

    • Drive through restaurants
    • 3,019 SF
    • 0.49 lot acres
    OFF-MARKET
    Last Sale
    Mar 11, 2025
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0607453
    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.

    Current Use by Public Records

    • Coco Shrimp / Restaurant

    Property Details for 1240 Belt Line Rd

    Year built
    1978
    Construction
    FRAME
    Lot size
    0.49 lot acres
    Property size
    3,019 SF
    Zone code
    Z31
    Property type
    Drive through restaurants
    APN
    42003700000030000
    APU
    42003700000030000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Richardson
    County
    Dallas
    State
    Texas
    Longitude
    -96.7024
    Latitude
    32.945
    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
    $7,896
    $0.00
    $0.00
    $377,380
    -
    $0.00
    $0.00
    $377,380

    Comparable in this City

    • Value Estimation
      $405,000
      1,362 SF

      605 Plano Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,362 SF
      605 Plano Rd, Richardson, TX 75081-4512
      View Details
    • Value Estimation
      $475,000
      2,976 SF

      1345 Belt Line Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,976 SF
      1345 Belt Line Rd, Richardson, TX 75081-3710
      View Details
    • Value Estimation
      $390,000
      2,436 SF

      1445 Belt Line Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,436 SF
      1445 Belt Line Rd, Richardson, TX 75081-4617
      View Details
    • Value Estimation
      $415,000
      2,597 SF

      1604 Belt Line Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,597 SF
      1604 Belt Line Rd, Richardson, TX 75081-4620
      View Details
    • Value Estimation
      $505,000
      2,783 SF

      1400 Belt Line Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,783 SF
      1400 Belt Line Rd, Richardson, TX 75081-4616
      View Details
    • Value Estimation
      $420,000
      2,377 SF

      1420 Belt Line Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,377 SF
      1420 Belt Line Rd, Richardson, TX 75081-4616
      View Details

    Similar Nearby for Sale

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      Retail Property in Richardson, Texas

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      Industrial Property in Desirable Location

      Industrial property with access to workforce in thriving Richardson submarket.
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      Free Standing Office Building

      Single tenant office building near Central Expressway and Richardson IQ Hub.
      1161 Executive Dr West | Richardson, Richardson, TX 75081
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    • $2,292,450
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      Richardson Office and Warehouse Property

      Vacant office and warehouse property in the East Richardson US-75 Corridor.
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      Courtyard Dallas Richardson Hotel

      Prime Richardson Hotel Investment Opportunity
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    Similar Nearby for Lease

    • $40 SF/Yr
      2,400 SF

      Restaurant Endcap Space Available

      2,400 SF former Blaze Pizza restaurant space for lease.
      1450 E Belt Line Rd, Richardson, TX 75081
      View Details
    • $20 SF/Yr
      38,345 SF

      Prime Richardson Retail Space

      Class A Retail, Multiple Spaces Available
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      View Details
    • Contact for pricing
      1,967 SF

      Retail Space in Richardson, TX

      Retail space available in Richardson's developing Main Street District.
      200-204 E Main St, Richardson, TX 75081
      View Details
    • Contact for pricing
      7,800 SF

      Downtown Richardson Restaurant/Entertainment Opportunity

      Freestanding building with high visibility and easy access.
      103 W Main St, Richardson, TX 75081
      View Details
    • Contact for pricing
      2,285 SF

      Retail Space in Telecom Corridor

      Mixed-use property in Richardson's Telecom Corridor, near Highway 75.
      930 E Campbell Rd, Richardson, TX 75081
      View Details
    • Contact for pricing
      6,000 SF

      Retail and Restaurant Space Available

      New retail and restaurant opportunities in Richardson's Telecom Corridor.
      150 W Main St, Richardson, TX 75081
      View Details

    Property Visit Statistics

    • Visits by month
      8.9k
    • Visitors by month
      6.7k
    • Avg Time on site
      14 min
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    1240 Belt Line Rd
    Richardson, TX 75081-3707
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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
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