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    Property profile & analytics

    501 Belt Line Rd Cedar Hill, TX 75104-2210

    • Retail space
    • 13,833 SF
    • 1.91 lot acres
    OFF-MARKET
    Value Estimations
    $1,965,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4260060
    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

    • Walgreens / Pharmacy
    • Walgreens Pharmacy / Pharmacy
    • Melanie K. Keaten, PharmD / Pharmacy
    • Walgreens Photo / (Bike/Boat/Book/etc) Store
    • FedEx OnSite / Postal Service / Courier Service

    Property Details for 501 Belt Line Rd

    Year built
    1999
    Construction
    TILT-UP CONCRETE
    Lot size
    1.91 lot acres
    Property size
    13,833 SF
    Zone code
    Z137
    Property type
    Retail space
    APN
    160300000A0010000
    APU
    160300000A0010000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,805,000
      Market price range: $443k - $2.21M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,330,000
      Current use
      COMMERCIAL (GENERAL)
      $2,465,000
      Change: +85% Conversion: Easy
      RESTAURANT
      $1,905,000
      Change: +43% Conversion: Easy
      OFFICE BUILDING
      $1,770,000
      Change: +33% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,625,000
      Change: +22% Conversion: Difficult
      MEDICAL BUILDING
      $1,240,000
      Change: -7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Hill
    County
    Dallas
    State
    Texas
    Longitude
    -96.9329
    Latitude
    32.5905
    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
    $46,087
    $1,162,100
    $820,680
    $1,982,780
    -
    $1,162,100
    $820,680
    $1,982,780

    Comparable in this City

    • Value Estimation
      $1,835,000
      11,502 SF

      385 Belt Line Rd

      RETAIL STORES (PERSONAL SERVICES) • 11,502 SF
      385 Belt Line Rd, Cedar Hill, TX 75104-2206
      View Details
    • Value Estimation
      $1,105,000
      6,864 SF

      106 Belt Line Rd

      RETAIL STORES (PERSONAL SERVICES) • 6,864 SF
      106 Belt Line Rd, Cedar Hill, TX 75104-2202
      View Details
    • Value Estimation by Request
      1,640 SF

      101 J Elmer Weaver Fwy

      RETAIL STORES (PERSONAL SERVICES) • 1,640 SF
      101 J Elmer Weaver Fwy, Cedar Hill, TX 75104
      View Details
    • Value Estimation by Request
      4,500 SF

      607 Cedar St

      RETAIL STORES (PERSONAL SERVICES) • 4,500 SF
      607 Cedar St, Cedar Hill, TX 75104-2673
      View Details
    • Value Estimation by Request
      1,260 SF

      608 Cedar St

      RETAIL STORES (PERSONAL SERVICES) • 1,260 SF
      608 Cedar St, Cedar Hill, TX 75104-2672
      View Details
    • Value Estimation by Request
      2,640 SF

      207 Clark Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,640 SF
      207 Clark Rd, Cedar Hill, TX 75104-2773
      View Details

    Similar Nearby for Sale

    • $3,500,000
      8,930 SF

      High Profile NNN Pad Sites

      NNN pad sites anchored by Verizon and Sears.
      145 W Fm 1382, Cedar Hill, TX 75104
      View Details
    • Contact for pricing

      Vacant Childcare Facility For Sale

      Vacant 12,877 SF childcare facility on 1.49 acres.
      310 W Belt Line Rd, Cedar Hill, TX 75104
      View Details
    • Contact for pricing

      Cedar Hill Commercial Pad Site

      2.378-acre commercial pad in Cedar Hill's retail corridor.
      Sec Of Fm 1382 & Struass Rd, Cedar Hill, TX 75104
      View Details
    • $3,700,000
      28.95 Acres

      Prime Commercial Acreage in Cedar Hill

      Versatile property suitable for retail and residential development near Highway 67.
      1318 N J Elmer Weaver Fwy, Cedar Hill, TX 75104
      View Details
    • Contact for pricing
      74,534 SF

      Class A Mixed-Use Investment

      Mixed-use property with retail, medical, and office spaces.
      610 Uptown Blvd, Cedar Hill, TX 75104
      View Details
    • $600,000
      2,432 SF

      Cedar Hill Retail Opportunity

      Retail-office building in historic downtown Cedar Hill.
      708 Cedar St, Cedar Hill, TX 75104
      View Details

    Similar Nearby for Lease

    • $2,450 /Mo
      13,765 SF

      Cedar Hill Commercial Unit Available

      Versatile commercial space in high-traffic Cedar Hill location.
      214 W Belt Line Rd, Cedar Hill, TX 75104
      View Details
    • $1,500 /Mo
      31,555 SF

      Retail/Office Space in Cedar Hill

      Storefront in strip center with good traffic and street signage.
      320 S Clark Rd, Cedar Hill, TX 75104
      View Details
    • Contact for pricing
      22,844 SF

      Retail Space in Uptown Center

      Retail space available in high-traffic Uptown Center.
      613-617 Uptown Blvd, Cedar Hill, TX 75104
      View Details
    • Contact for pricing
      2,915 SF

      Retail/Restaurant Space For Lease

      Retail or restaurant space available in Cedar Hill retail corridor.
      538 E Belt Line Rd, Cedar Hill, TX 75104
      View Details
    • Contact for pricing
      1,415 SF

      Cedar Hill Retail Space Available

      Retail space available in Cedar Hill Crossing power center.
      420-432 Highway 67 N, Cedar Hill, TX 75104
      View Details
    • Contact for pricing
      14,616 SF

      Uptown Center Retail Space Available

      Dallas Retail Space: 1,883 sq ft storefront.
      613 Uptown Blvd, Cedar Hill, TX 75104
      View Details

    Property Visit Statistics

    • Visits by month
      6.9k
    • Visitors by month
      6.3k
    • Avg Time on site
      13 min
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    Cedar Hill, TX 75104-2210
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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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