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    Property profile & analytics

    2040 Hwy 67 Cedar Hill, TX 75104

    • Industrial properties
    • 7,395 SF
    • 22.58 lot acres
    OFF-MARKET
    Last Sale
    Sep 23, 2022
    Value Estimations
    $295,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2584604
    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

    • J D Abrams Inc / General Contractor

    Property Details for 2040 Hwy 67

    Year built
    1985
    Lot size
    22.58 lot acres
    Property size
    7,395 SF
    Property type
    Industrial properties
    APN
    21.1134.000.006.00.108
    APU
    21113400000600108

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $295,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Hill
    County
    Ellis
    State
    Texas
    Longitude
    -96.972
    Latitude
    32.5456
    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
    2018
    $8,158
    $1,452,761
    $46,187
    $1,498,948
    -
    $1,452,761
    $46,187
    $1,498,948

    Comparable in this City

    • Value Estimation
      $495,000
      10,464 SF

      2133 Tar Rd

      INDUSTRIAL (GENERAL) • 10,464 SF
      2133 Tar Rd, Cedar Hill, TX 75104-3760
      View Details
    • Value Estimation
      $490,000
      9,917 SF

      1570 Belt Line Rd, Unit 5-7

      INDUSTRIAL (GENERAL) • 9,917 SF
      1570 Belt Line Rd, Cedar Hill, TX 75104-1604
      View Details
    • Value Estimation
      $265,000
      3,750 SF

      501 Potter Ln

      INDUSTRIAL (GENERAL) • 3,750 SF
      501 Potter Ln, Cedar Hill, TX 75104
      View Details
    • Value Estimation
      $1,060,000
      38,560 SF

      601 Belt Line Rd

      INDUSTRIAL (GENERAL) • 38,560 SF
      601 Belt Line Rd, Cedar Hill, TX 75104-1910
      View Details
    • Value Estimation
      $370,000
      6,784 SF

      777 Westar Ln

      INDUSTRIAL (GENERAL) • 6,784 SF
      777 Westar Ln, Cedar Hill, TX 75104-6409
      View Details
    • Value Estimation
      $325,000
      3,563 SF

      1204 Belt Line Rd

      INDUSTRIAL (GENERAL) • 3,563 SF
      1204 Belt Line Rd, Cedar Hill, TX 75104-1605
      View Details

    Similar Nearby for Sale

    • $400,000

      Office-Warehouse Space Near Highway 67

      3,500 SF office-warehouse ideal for various business uses.
      609 E Pleasant Run Rd, Cedar Hill, TX 75104
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    • Contact for pricing

      Prime Land in Cedar Hill

      1.812 acres for retail or office use in Cedar Hill.
      500 W Fm 1382, Cedar Hill, TX 75104
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      Land Available in Cedar Hill

      Land for sale at 801 E Belt Line Rd, Cedar Hill.
      801 E Belt Line Rd, Cedar Hill, TX 75104
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    • $600,000

      Cedar Hill Development Site

      4.98 acre commercial land for office or retail development.
      3 S Clark Rd, Cedar Hill, TX 75104
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    • $407,223

      Corner Lot Near Retail Chains

      Located near retail chains and restaurants at Belt Line Rd.
      205 Cedar St, Cedar Hill, TX 75104
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    • Contact for pricing

      Land Off U.S. Hwy 67

      Land with highway frontage and flexible zoning possibilities.
      1051 Highway 67 S, Cedar Hill, TX 75104
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    Similar Nearby for Lease

    • Contact for pricing
      40,005 SF

      Cedar Hill Flex/Industrial Space

      Flex/industrial space available for lease in Cedar Hill, TX.
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      9,325 SF

      Cedar Hill Warehouse For Lease

      7,614 SF warehouse on 1.33 acre lot for lease.
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    • $7 SF/Yr
      6,000 SF

      Cedar Hill Warehouse Space

      6,000 SF warehouse space available for lease.
      1670 American Way, Cedar Hill, TX 75104
      View Details
    • Contact for pricing
      6,700 SF

      Prime Retail Space in Cedar Hill

      1,325 SF Retail Space Available Now
      605 Belt Line Rd, Cedar Hill, TX 75104
      View Details
    • Contact for pricing
      130,582 SF

      Lakeridge Shopping Center: Prime Retail

      Dallas County retail space, high visibility.
      67 & Belt Line, Cedar Hill, TX 75104
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    • Contact for pricing

      Raw Land & Pad Sites

      Raw land and pad site opportunities available for rent.
      294 Uptown Blvd, Cedar Hill, TX 75104
      View Details
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    2040 Hwy 67
    Cedar Hill, TX 75104
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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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