Warehouses
Individually Owned
13-yr Hold
~
Est. High Equity
Individually Owned 
For Lease
1 / 6
Contact for pricing
309 N Belt Line Rd, Irving, TX 75061
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Property summary
AI-generated overview
This Irving, Texas industrial property, located at 309 N Belt Line Rd, offers multiple warehouse and distribution spaces for lease. The building totals 27,334 square feet and is divided into four individual suites, with a minimum divisible space of 2,125 square feet and a maximum contiguous space of 5,250 square feet. Ceiling heights range from 16.5 feet to 20 feet, providing ample vertical storage capacity. The property features two dock-high doors for efficient loading and unloading. Situated in Dallas County, zip code 75061, this location provides excellent access to major transportation arteries, including Highway 183 (1.8 miles), Highway 161, Interstate 30 (3.6 miles), and Highway Loop 12, ensuring convenient distribution throughout the Dallas-Fort Worth Metroplex. Its proximity to DFW Airport further enhances its logistical advantages. This is an ideal location for businesses seeking flexible warehouse or distribution space in a prime location. The property is ready for immediate occupancy.
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1981
Construction
TILT-UP CONCRETE
Total area
19,125 SF
Lot
1.76 ac (76,753 SF)
Zoning code
Z49
APN
32118700510020000
UPID
US82-0753290
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Building Supply Electrical Service
-
Big Box & Wholesale Store Distribution Center
-
Production Facility
-
Business Service Center Corporate Office
-
Moving Company Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$670k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$818k
Blend (final)
Blend
$670k
Owner & transaction history
since 2013
4 recorded transactions
Zoning & alternative use
Z49 · Irving, TX
Top alternative use upside
Apartment house (5+ units)
$1.1M
+40.3%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
2 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$670k
Value range
$603k – $737k
±10% around blend
Estimated value / SF
$35 / SF
Confidence
Property data
88
Comparable evidence
60
$603k
blend $670k
$737k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
19,125 SF
Lot area
1.76 ac
Year built
1981
Stories
1
APN
32118700510020000
Assessed value
$1,131,910
Annual tax
$24,477
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$818k
Range $443k – $1.18M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$670k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Alternative use screening
Partial preview
Top alternative use
Apartment House (5+ Units)
Gross theoretical uplift
+40%
vs current-use indication
Warehouse, Storage · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.13M
Move the market yield to see immediate price impact.
Value / SF
$59
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$71k
$1.43M
$1.02M
$792k
$79k
$1.58M
$1.13M
$880k
$87k
$1.74M
$1.25M
$968k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$24,477
Tax year 2023
Assessed value
$1,131,910
Assessed 2023
Previous assessed
$1,131,910
+0.0% YoY
Effective rate
2.16%
On assessed value
Assessed land
$306,940
Assessed improvement
$824,970
Land market value
$306,940
Improvement market value
$824,970
Total market value
$1,131,910
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
For Lease
Year built
1981
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
19,125 SF
Lot
1.76 ac (76,753 SF)
Zoning code
Z49
APN
32118700510020000
UPID
US82-0753290
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z49 · Irving, TXZoning Z49 · permitted uses
Z49 · Irving, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1981
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Lot
1.76 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
Z49
Jurisdiction
Irving, TX
Recorded code
Z49
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for Z49 in Irving, TX.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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