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    2625 Belt Line Rd Garland, TX 75044-7003
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    Property profile & analytics

    2625 Belt Line Rd, Garland, TX 75044-7003

    View on Map
    • Assisted living facilities
    • 53,268 SF
    • 6.29 lot acres
    Off-Market
    Property ID
    US82-9845944
    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
    $1,115,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Legend Oaks Healthcare and Rehabilitation - Garland / Rehabilitation Center

    Property Details for 2625 Belt Line Rd

    Year built
    2015
    Construction
    FRAME
    Lot size
    6.29 lot acres
    Zone code
    Z263
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    262776000102R0000
    APU
    262776000102R0000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 10, 2018 — Nhi Investors LLC Bozeman Dev LLC Grant Deed · related —
    Mar 17, 2017 — Bozeman Dev LLC — Deed · related $737k · Iberiabank
    — — Bozeman Dev LLC — Deed Of Trust · related $737k · Iberiabank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $835,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,397,000
      Market price range: $1.02M - $1.61M

    • Alternative Use

      Use
      Estimation
      HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
      $1,250,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Garland
    County
    Dallas
    State
    Texas
    Longitude
    -96.6671
    Latitude
    32.9458
    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
    $178,479
    $1,295,280
    $6,504,720
    $7,800,000
    -
    $1,295,280
    $6,504,720
    $7,800,000

    Comparable in this City

    • Value Estimation
      $775,000
      21,083 SF

      2301 Campbell Rd

      HOMES (RETIRED, NURSING)
      2301 Campbell Rd, Garland, TX 75044-2846
      View Details
    • Value Estimation by Request
      4,084 SF

      3475 Collins Blvd

      MEDICAL BUILDING
      3475 Collins Blvd, Garland, TX 75044-3621
      View Details
    • Value Estimation by Request
      2,471 SF

      1215 Thomasville

      MEDICAL BUILDING
      1215 Thomasville, Garland, TX 75044-3478
      View Details
    • Value Estimation
      $10,965,000
      96,253 SF

      7217 Telecom Pkwy

      MEDICAL BUILDING
      7217 Telecom Pkwy, Garland, TX 75044-2202
      View Details
    • Value Estimation by Request
      3,798 SF

      2426 Belt Line Rd

      MEDICAL BUILDING
      2426 Belt Line Rd, Garland, TX 75044-7108
      View Details
    • Value Estimation by Request
      3,083 SF

      1224 Thomasville

      MEDICAL BUILDING
      1224 Thomasville, Garland, TX 75044-3477
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      74,562 SF

      Former Assisted Living Center

      Large capacity assisted living facility on 7.14 acres.
      3450 Wagon Wheel Rd, Garland, TX 75044
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale in Garland, Texas.
      Neq Pgbt & Campbell Rd, Garland, TX 75044
      View Details
    • Contact for pricing

      Prime Commercial Land in Garland

      1.342-acre parcel in high-traffic area with redevelopment potential.
      2640 N Shiloh Rd, Garland, TX 75044
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    • Contact for pricing

      Land with Creek Near Firewheel

      Land with creek near Firewheel Town Center in Garland, TX.
      1226 E Campbell Rd, Garland, TX 75044
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    • Contact for pricing

      Land Near Campbell & Murphy

      Commercial land near Garland and Sachse, close to landmarks.
      1201 E Campbell Rd, Garland, TX 75044
      View Details
    • $1,000,000
      0.99 Acres

      High-Visibility Commercial Development Land

      Zoned Community Retail, this vacant lot supports office, retail, or drive-thru concepts with utilities available.
      2660 Belt Line Rd, Garland, TX 75044
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,317 SF

      Medical Office Building with Surgery Anchor

      Leasing opportunity anchored by a multi-specialty surgery center with strong highway access and ample on-site parking.
      7150 N President George Bush Hwy, Garland, TX 75044
      View Details
    • Contact for pricing
      1,579 SF

      Medical Office Building For Lease

      Three-story medical office building with diverse tenant mix.
      7217 Telecom Pkwy, Garland, TX 75044
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space in High-Traffic Area

      Retail space available in a densely populated, high-traffic location.
      5006-5156 N Jupiter Rd, Garland, TX 75044
      View Details
    • Contact for pricing
      3,500 SF

      Retail Space with Monument Sign

      Retail space available with excellent visibility and access.
      3112-3212 N Jupiter Rd, Garland, TX 75044
      View Details
    • Contact for pricing
      4,277 SF

      Retail Space in Garland, Texas

      Retail space for lease in Oakridge Centre, Garland, Texas.
      3251-3337 Belt Line Rd, Garland, TX 75044
      View Details
    • Contact for pricing
      74,757 SF

      Retail Space in High-Traffic Area

      Retail suites available in a high-visibility, accessible location.
      3112 N Jupiter Rd, Garland, TX 75044
      View Details
    Request Owner's contact information
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    2625 Belt Line Rd
    Garland, TX 75044-7003
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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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    2625 Belt Line Rd, Garland, TX, 75044
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