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Property profile & analytics
OFF-MARKET
Estimated value
$1,060,000
Warehouses
1319 Belt Line Rd Wilmer, TX 75172-1549
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-1521605
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2018
Construction
STEEL FRAME
Total area
14,760 SF
Lot
15 ac (653,400 SF)
Zoning code
Z268
APN
87004600010010000
UPID
US83-1521605
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$975k
CAP Approach
CAP
$1.15M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.06M
Owner & transaction history
Cypress Point Ventures LLC · 1 yrs held
Cypress Point Ventures LLC
since 2024
7 recorded transactions
Zoning & alternative use
Z268 · Wilmer, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.7M
+577.5%
Retail stores
$1.4M
+459.0%
Medical building
$1.3M
+415.4%
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 Wilmer submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wilmer 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
$975,000
CAP Approach
CAP Return
Estimation
6%
$1,240,000
6.5%
$1,145,000
7%
$1,065,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,735,000
Change: +577% · Conversion: Easy
RETAIL STORES
$1,430,000
Change: +459% · Conversion: Moderate
MEDICAL BUILDING
$1,320,000
Change: +415% · Conversion: Difficult
OFFICE BUILDING
$1,160,000
Change: +353% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$875,000
Change: +241% · Conversion: Moderate
Blend value · Realmo final
$1.06M
Range $954k – $1.17M · ±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
$72 / 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
$69,755
Tax year 2023
Assessed value
$4,474,110
Assessed 2023
Previous assessed
$4,474,110
+0.0% YoY
Effective rate
1.56%
On assessed value
Assessed land
$750,000
Assessed improvement
$3,724,110
Land market value
$750,000
Improvement market value
$3,724,110
Total market value
$4,474,110
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2018
Construction
STEEL FRAME
Heating
PARTIAL
Cooling
PARTIAL
Buildings
6
Stories
1
Total area
14,760 SF
Lot
15 ac (653,400 SF)
Zoning code
Z268
APN
87004600010010000
UPID
US83-1521605
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z268 · Wilmer, TX
Zoning Z268 · permitted uses
Z268 · Wilmer, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wilmer. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$1.7M
RETAIL STORES
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$875,000
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2018
Construction
STEEL FRAME
Heating
PARTIAL
Cooling
Yes
Stories
1
Buildings
6
Lot
15 ac
Current owner
From public records · entity-resolved
Cypress Point Ventures LLC
Entity
Mailing address
1698 E EAGLE BLF DR, TROY, TX 76579-3337
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 19, 2024
—
Cypress Point Ventures LLC
Estes Dallas LP
Venders Lien
$7,243,856 · The American National Bank Of Texas
Sep 19, 2023
—
Venetian Properties LLC
—
Deed
related
—
Sep 8, 2020
—
Estes Dallas LP
—
Deed
related
$1,500,000 · Verabank NA
Oct 2, 2019
—
Estes Dallas LP
—
Trustees Deed
related
$750,000 · Verabank NA
Sep 24, 2019
—
Estes Dallas LP
—
Deed
related
$488,827 · Verabank NA
Aug 31, 2018
—
Benda Farm LLC
Rec Partners Ltd
Grant Deed
related
—
Jun 27, 2018
—
Estes Dallas LP
—
Deed
related
$50,000 · Union State Bank
—
—
Estes Dallas LP
—
Loan Modification
related
$488,827 · Verabank NA
—
—
Estes Dallas LP
—
Deed Of Trust
related
$1,500,000 · Verabank NA
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.
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