Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    427 Dewitt St Wilmer, TX 75172-1233
    Back to Search
    Property profile & analytics

    427 Dewitt St, Wilmer, TX 75172-1233

    View on Map
    • Commercial land
    • 7,500 SF
    • 0.17 lot acres
    Off-Market
    Property ID
    US82-2728103
    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
    $950,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 427 Dewitt St

    Year built
    2000
    Construction
    STEEL FRAME
    Lot size
    0.17 lot acres
    Zone code
    Z31
    Property type
    Commercial land
    APN
    54009500070090000
    APU
    54009500070090000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 18, 2015 — Padian Properties LLC Padian John G Quit Claim Deed · related —
    Oct 2, 2009 — John G Padian Padian,teresa A Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $786,000
      Market price range: $787k - $2.10M

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

    Location Insight

    • Map
    • Local Demand
    City
    Wilmer
    County
    Dallas
    State
    Texas
    Longitude
    -96.6848
    Latitude
    32.5995
    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
    $575
    $28,800
    $0.00
    $28,800
    -
    $28,800
    $0.00
    $28,800

    Comparable in this City

    • Value Estimation by Request
      71.35 Acres

      1900 Belt Line Rd

      VACANT COMMERCIAL LAND
      1900 Belt Line Rd, Wilmer, TX 75172
      View Details
    • Value Estimation by Request
      27.09 Acres

      401 Belt Line Rd

      VACANT COMMERCIAL LAND
      401 Belt Line Rd, Wilmer, TX 75172-1114
      View Details
    • Value Estimation by Request
      22.35 Acres

      3101 Belt Line Rd

      VACANT COMMERCIAL LAND
      3101 Belt Line Rd, Wilmer, TX 75172
      View Details
    • Value Estimation by Request
      14.15 Acres

      3101 Belt Line Rd

      VACANT COMMERCIAL LAND
      3101 Belt Line Rd, Wilmer, TX 75172
      View Details
    • Value Estimation by Request
      1.36 Acres

      850 Geller Rd

      VACANT COMMERCIAL LAND
      850 Geller Rd, Wilmer, TX 75172
      View Details
    • Value Estimation by Request
      26.70 Acres

      300 Geller Rd

      VACANT COMMERCIAL LAND
      300 Geller Rd, Wilmer, TX 75172-3103
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Commercial Opportunity on Belt Line

      Commercially zoned property in high-growth area with strong visibility.
      305 E Belt Line Rd, Wilmer, TX 75172
      View Details
    • Contact for pricing

      Retail Office Land Opportunity

      Prime land for retail/office development near Downtown Dallas.
      4700 I-45, Wilmer, TX 75172
      View Details
    • Contact for pricing

      Hard Corner Lot For Sale

      Hard corner lot suitable for single tenant development.
      101 N Dallas Ave, Wilmer, TX 75172
      View Details
    • $2,603,145
      7.47 Acres

      Mixed-Use Development Land with Retail

      A development-ready site offering a planned retail component, flexible lot sizing, and access to major highway corridors.
      1501-Lot E Belt Line Rd, Wilmer, TX 75172
      View Details
    • $90,000
      0.23 Acres

      Unimproved Land Near I-45

      Strategically located land near I-45, south of Dallas.
      202 S Dallas St, Wilmer, TX 75172
      View Details
    • Contact for pricing
      1,605 SF

      Prime Commercial Land Opportunity

      High-visibility commercial property on 0.433 acres in a developed area.
      305 E Belt Line Rd, Wilmer, TX 75172
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,425,760 SF

      84.7 Acres in Wilmer, Texas

      84.7 acres available for build-to-suit in Wilmer, Texas.
      100 Lavender Rd, Wilmer, TX 75172
      View Details
    • Contact for pricing
      250,000 SF

      Industrial Space Available for Lease

      Industrial space available for lease at 1100 E Pleasant Run Rd.
      1100 E Pleasant Run Rd, Wilmer, TX 75172
      View Details
    • Contact for pricing
      80,000 SF

      Industrial Space Available for Sublease

      80,000 SF industrial space in SE Dallas/I-45 submarket.
      201 Sunridge Blvd, Wilmer, TX 75172
      View Details
    • Contact for pricing
      565,259 SF

      Class A Logistics Facility

      Class A logistics facility with superior highway access in Wilmer.
      800 Cottonwood Valley Rd, Wilmer, TX 75172
      View Details
    • Contact for pricing
      392,066 SF

      Distribution Warehouse with Freeport Benefits

      Class A warehouse with immediate highway access and modern amenities.
      2500 S Millers Ferry Rd, Dallas, TX 75172
      View Details
    • Contact for pricing
      466,310 SF

      Wilmer Industrial Space for Lease

      466,310 SF industrial space available for lease in Wilmer, TX.
      110 Sunridge Blvd, Wilmer, TX 75172
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    427 Dewitt St
    Wilmer, TX 75172-1233
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    427 Dewitt St, Wilmer, TX, 75172
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!