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    Property profile & analytics

    1701 Belt Line Rd Wilmer, TX 75172-1528

    • Office buildings
    • 12,052 SF
    • 71.21 lot acres
    OFF-MARKET
    Value Estimations
    $1,660,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-0104476
    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

    • Cash For Cars - Dallas South / Auto Repair Shop / Auto Parts Store
    • Copart - Dallas South / Car Dealership
    • Performance Food Group (PFG) - Dallas / Big Box & Wholesale Store / Food Market

    Property Details for 1701 Belt Line Rd

    Year built
    2010
    Construction
    STEEL FRAME
    Lot size
    71.21 lot acres
    Property size
    12,052 SF
    Zone code
    Z268
    Property type
    Office buildings
    APN
    60015760000000100
    APU
    60015760000000100

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,600,000
      Market price range: $339k - $1.60M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,455,000
      RESTAURANT
      $1,640,000
      AUTO REPAIR, GARAGE
      $1,415,000
      RETAIL STORES
      $1,170,000
      MEDICAL BUILDING
      $1,080,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Wilmer
    County
    Dallas
    State
    Texas
    Longitude
    -96.665
    Latitude
    32.6021
    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
    $91,437
    $3,560,600
    $2,304,230
    $5,864,830
    -
    $3,560,600
    $2,304,230
    $5,864,830

    Comparable in this City

    • Value Estimation by Request
      600 SF

      101 Dallas Ave

      OFFICE (GENERAL) • 600 SF
      101 Dallas Ave, Wilmer, TX 75172-1143
      View Details
    • Value Estimation
      $2,340,000
      9,000 SF

      1000 Fulghum Rd

      OFFICE (GENERAL) • 9,000 SF
      1000 Fulghum Rd, Wilmer, TX 75172-1263
      View Details
    • Value Estimation by Request
      742 SF

      4918 Interstate Hwy 45

      OFFICE (GENERAL) • 742 SF
      4918 Interstate Hwy 45, Wilmer, TX 75172
      View Details
    • Value Estimation by Request
      10.75 Acres

      4700 I-45

      Land • 10.75 Acres
      4700 I-45, Wilmer, TX 75172
      View Details
    • Value Estimation by Request

      3 Southport Pkwy

      VACANT COMMERCIAL LAND
      3 Southport Pkwy, Wilmer, TX 75172
      View Details
    • Value Estimation by Request
      12.74 Acres

      2 Fulghum Rd

      VACANT COMMERCIAL LAND • 12.74 Acres
      2 Fulghum Rd, Wilmer, TX 75172
      View Details

    Similar Nearby for Sale

    • $310,000
      0.43 Acres

      Commercial Land in High-Growth Area

      Prime commercial property with high visibility and versatile potential.
      305 E Belt Line Rd, Wilmer, TX 75172
      View Details
    • $940,000
      6.50 Acres

      Land Near I-45, Wilmer, TX

      6.99 acres near I-45, suitable for various developments.
      900 E Belt Line Rd, Wilmer, TX 75172
      View Details
    • $4,803,796

      Prime Mixed-Use Development Opportunity

      69-acre mixed-use development site near I-45, divisible lots available.
      1501-Lot E Belt Line Rd, Wilmer, TX 75172
      View Details
    • $49,000
      0.28 Acres

      Land in Established Wilmer Area

      Land with mature trees in a quiet Wilmer location.
      406 Walker St, Wilmer, TX 75172
      View Details
    • Contact for pricing

      Hard Corner Lot For Sale

      Hard corner lot suitable for single tenant development.
      101 N Dallas Ave, Wilmer, TX 75172
      View Details
    • Contact for pricing
      10.75 Acres

      Wilmer, TX Commercial Land

      10.75 Acres, I-45, Dallas County
      4700 I-45, Wilmer, TX 75172
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      565,259 SF

      Class A Logistics Facility

      Class A logistics facility with superior highway access in Wilmer.
      800 Cottonwood Valley Rd, Wilmer, TX 75172
      View Details
    • Contact for pricing
      466,310 SF

      Wilmer Industrial Space for Lease

      466,310 SF industrial space available for lease in Wilmer, TX.
      110 Sunridge Blvd, Wilmer, TX 75172
      View Details
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    1701 Belt Line Rd
    Wilmer, TX 75172-1528
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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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