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    Property profile & analytics

    4021 Belt Line Rd Addison, TX 75001

    • Super regional malls
    • 28,200 SF
    • 3.02 lot acres
    For Lease
    View listing
    $18 SF/Yr
    Value Estimations
    $965,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-9607816
    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

    • Dr. Kayla Barrett / Dentist
    • Legacy Arts Tattoo / Tattoo Shop
    • MINT dentistry | Addison / Dentist / Cosmetic Dentist
    • June Street / Barber Shop
    • La Vie Est Belle Laser Spa & Aesthetics / Spa

    Property Details for 4021 Belt Line Rd

    Year built
    1981
    Construction
    TILT-UP CONCRETE
    Lot size
    3.02 lot acres
    Property size
    28,200 SF
    Zone code
    Z137
    Property type
    Super regional malls
    APN
    10006040004R20000
    APU
    10006040004R20000

    Description

    Belt Line Square, a two-story Class B retail strip center in Addison, Texas (75001), offers 36,263 square feet of space, with 17,859 square feet currently vacant. Located at 4021 Belt Line Rd, this property boasts a 2014 renovation and provides multiple suite options ranging from a minimum of 1,700 square feet to a maximum contiguous space of 7,702 square feet. The center features a total of five suites and benefits from high visibility along Belt Line Road, surrounded by established national retailers like PetSmart, Kroger, and Office Depot. This location provides excellent access to a substantial consumer base, with a daytime population exceeding 263,000 within a five-mile radius. The property's modern aesthetic and ample parking further enhance its appeal to prospective tenants. The available space is ideal for businesses seeking a prominent location within a thriving retail district. This is a unique opportunity to establish or expand your business in a high-traffic area with strong demographics.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $910,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,019,000
      Market price range: $1.00M - $1.39M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,220,000
      Current use
      OFFICE BUILDING
      $1,200,000
      Change: -2% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Addison
    County
    Dallas
    State
    Texas
    Longitude
    -96.8444
    Latitude
    32.955
    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
    $83,503
    $1,973,270
    $1,876,730
    $3,850,000
    -
    $1,973,270
    $1,876,730
    $3,850,000

    Comparable in this City

    • Value Estimation
      $1,680,000
      52,218 SF

      3770 Belt Line Rd

      REGIONAL SHOPPING CENTER, MALL • 52,218 SF
      3770 Belt Line Rd, Addison, TX 75001-4301
      View Details
    • Value Estimation
      $1,875,000
      62,639 SF

      14280 Marsh Ln, Unit 120

      REGIONAL SHOPPING CENTER, MALL • 62,639 SF
      14280 Marsh Ln, Addison, TX 75001-3857
      View Details
    • Value Estimation
      $1,725,000
      40,288 SF

      3800 Belt Line Rd

      REGIONAL SHOPPING CENTER, MALL • 40,288 SF
      3800 Belt Line Rd, Addison, TX 75001-4303
      View Details
    • Value Estimation
      $1,045,000
      35,600 SF

      14150 Marsh Ln

      REGIONAL SHOPPING CENTER, MALL • 35,600 SF
      14150 Marsh Ln, Addison, TX 75001-3860
      View Details
    • Value Estimation
      $665,000
      13,428 SF

      4530 Belt Line Rd

      SHOPPING CENTER, STRIP CENTER • 13,428 SF
      4530 Belt Line Rd, Addison, TX 75001
      View Details
    • Value Estimation
      $760,000
      15,726 SF

      4201 Belt Line Rd

      SHOPPING CENTER, STRIP CENTER • 15,726 SF
      4201 Belt Line Rd, Addison, TX 75001-4510
      View Details

    Similar Nearby for Sale

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      Addison Airport Hangar & Office

      Texas Airport Property: $8.9M
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      High-Profile NNN Pad Sites

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      Addison Executive Office Condos

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      Addison Land Tracts Available

      Two land tracts available in Addison, Texas.
      16 Sugar Tree Way, Addison, TX 75001
      View Details
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      Renovated Townhome Near Addison Amenities

      Completely renovated townhome with high-end finishes and community amenities.
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      1 SF

      Addison Commercial Land for Sale

      One-acre commercial land parcel at signalized intersection in Addison, Texas.
      15109 Surveyor Blvd, Addison, TX 75001
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    Similar Nearby for Lease

    • Contact for pricing
      1,763 SF

      Retail Space in Addison, TX

      Retail space for lease in a renovated Addison plaza.
      4950 Belt Line Rd, Addison, TX 75001
      View Details
    • Contact for pricing
      1,693 SF

      Addison Retail Space For Rent

      Retail space available in Addison town center power center.
      3740-3850 Belt Line Rd, Addison, TX 75001
      View Details
    • Contact for pricing
      1,275 SF

      Addison Retail Space For Rent

      Retail space available in Addison town center power center.
      3752-3780 Belt Line Rd, Addison, TX 75001
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space in Addison, TX

      Retail space for lease in a vibrant Addison community.
      4900 Belt Line Rd, Addison, TX 75001
      View Details
    • Contact for pricing
      3,067 SF

      Addison Retail Space For Rent

      Retail space available in Addison town center.
      3800-3854 Belt Line Rd, Addison, TX 75001
      View Details
    • Contact for pricing
      2,610 SF

      Unique Retail Space in Addison

      Retail space in a uniquely designed shopping center.
      5302-5318 Belt Line Rd, Addison, TX 75001
      View Details
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    4021 Belt Line Rd
    Addison, TX 75001
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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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