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    2321 Belt Line Rd Grand Prairie, TX 75051-4181
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    Property profile & analytics

    2321 Belt Line Rd, Grand Prairie, TX 75051-4181

    View on Map
    • Office buildings
    • 19,150 SF
    • 2.12 lot acres
    Off-Market
    Property ID
    US82-0618292
    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
    $725,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • MR Multiservices / Accounting Firm
    • HOUSE OF PRAYER EVANGEL CHURCH / Church
    • Consultoria Professional De Dallas / Accounting Firm / Tax Preparation
    • Splash Bliss / General Contractor
    • SW Senior Solutions of Dallas / Community Center

    Property Details for 2321 Belt Line Rd

    Year built
    1985
    Construction
    TILT-UP CONCRETE
    Lot size
    2.12 lot acres
    Zone code
    Z97
    Property type
    Office buildings
    APN
    28171580000010000
    APU
    28171580000010000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 14, 2023 — Herrero LLC Jaime Rodriguez Correction Deed · related —
    Apr 14, 2017 — Jaime Rodriguez Alamshaw Investments LLC Warranty Deed $1M · Transpecos Banks Ssb
    Jun 17, 2015 — Alamshaw Investments LLC Westmoreland Gei Ltd Venders Lien $860k · Citizens 1st Bank
    May 9, 2011 $720,000 Westmoreland Gei Ltd Veach,nicholas R Trustees Deed —
    Mar 4, 2009 — Boyce Ents INC Westmoreland Gei Ltd Grant Deed $720k · Westmoreland Gei Ltd
    Jun 21, 2007 — Westmoreland Gei Ltd Falstaff Productions LLC Grant Deed $95k · Compass Bank
    Sep 26, 2001 — Falstaff Productions LLC Bartlett Properties #9 Grant Deed $703k · Texas Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $600,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $850,000
      Market price range: $851k - $2.41M

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Prairie
    County
    Dallas
    State
    Texas
    Longitude
    -96.9933
    Latitude
    32.7119
    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
    $30,364
    $346,690
    $973,310
    $1,320,000
    -
    $346,690
    $973,310
    $1,320,000

    Comparable in this City

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      70,332 SF

      1450 Pioneer Pkwy

      OFFICE BUILDING
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    • Value Estimation
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      177,760 SF

      2304 Oak Ln

      OFFICE BUILDING
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    • Value Estimation by Request
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      2506 Marshall Dr

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    • Value Estimation by Request
      2,350 SF

      1030 Carrier Pkwy, Unit 100

      OFFICE BUILDING
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      111 Dallas St

      OFFICE BUILDING
      111 Dallas St, Grand Prairie, TX 75051-1735
      View Details
    • Value Estimation by Request
      3,750 SF

      217 Belt Line Rd

      OFFICE BUILDING
      217 Belt Line Rd, Grand Prairie, TX 75051-1902
      View Details

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      Remodeled Restaurant Bar Night Club

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      Unimproved Land For New Home

      Unimproved land suitable for building a new home.
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    Similar Nearby for Lease

    • Contact for pricing

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      Office spaces for rent in Grand Prairie, Texas.
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      Office building featuring suites and build-to-suit options.
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    • New
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      1,002 SF

      Office Space for Lease

      Small office space available in Grand Prairie for day-to-day business operations.
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      View Details
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    Grand Prairie, TX 75051-4181
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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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