Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    803 Joe Wilson Rd Cedar Hill, TX 75104-6105

    • Commercial land
    • 0.25 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-5455598
    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

    • Commercial land

    Property Details for 803 Joe Wilson Rd

    Lot size
    0.25 lot acres
    Zone code
    Z268
    Property type
    Commercial land
    APN
    65039209510080000
    APU
    65039209510080000

    Description

    This exceptional 1.6-acre commercial land parcel, located at 803 N Joe Wilson Rd in Cedar Hill, Texas (zip code 75104), presents a unique investment opportunity. Situated on a hard corner at the intersection of Pleasant Run and Joe Wilson Roads, this property boasts high visibility and accessibility, making it ideal for a variety of commercial ventures. Currently zoned residential, the property is comprised of two parcels owned by separate entities. However, both owners are actively engaged and committed to facilitating the rezoning process to accommodate retail uses. This collaborative approach significantly streamlines the development timeline, minimizing potential delays. The asking price for this prime location is $640,000. The substantial lot size offers ample space for development, allowing for flexibility in design and functionality. Potential uses include, but are not limited to, a convenience store, office building, or strip center. This property's strategic location and the owners' commitment to rezoning make it an attractive proposition for investors seeking a high-return opportunity in a rapidly growing area of Dallas County. The latitude and longitude coordinates are 32.6028683, -96.9256306 respectively.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Hill
    County
    Dallas
    State
    Texas
    Longitude
    -96.9258
    Latitude
    32.6042
    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
    $146
    $6,300
    $0.00
    $6,300
    -
    $6,300
    $0.00
    $6,300

    Comparable in this City

    • Value Estimation by Request
      41.18 Acres

      690 Fm 1382

      VACANT COMMERCIAL LAND • 41.18 Acres
      690 Fm 1382, Cedar Hill, TX 75104
      View Details
    • Value Estimation by Request
      0.00 Acres

      6400 Fm 1382

      VACANT COMMERCIAL LAND • 0.00 Acres
      6400 Fm 1382, Cedar Hill, TX 75104
      View Details
    • Value Estimation by Request
      0.55 Acres

      600 Hendricks St

      VACANT COMMERCIAL LAND • 0.55 Acres
      600 Hendricks St, Cedar Hill, TX 75104-1918
      View Details
    • Value Estimation by Request
      1.06 Acres

      101 High Pointe Ln

      VACANT COMMERCIAL LAND • 1.06 Acres
      101 High Pointe Ln, Cedar Hill, TX 75104-5107
      View Details
    • Value Estimation by Request
      0.66 Acres

      1649 Hwy 67

      VACANT COMMERCIAL LAND • 0.66 Acres
      1649 Hwy 67, Cedar Hill, TX 75104-3603
      View Details
    • Value Estimation by Request
      5.38 Acres

      700 Hwy 67

      VACANT COMMERCIAL LAND • 5.38 Acres
      700 Hwy 67, Cedar Hill, TX 75104-2141
      View Details

    Similar Nearby for Sale

    • $45,000
      0.23 Acres

      Cedar Hill Industrial Land Opportunity

      Prime industrial land in Cedar Hill near Dallas, Texas.
      1133 Cedarview Dr, Cedar Hill, TX 75104
      View Details
    • Contact for pricing

      Commercial Land Near Highway 67

      Commercial land with concrete surface, fenced, near Highway 67.
      925 Willacy Cir, Cedar Hill, TX 75104
      View Details
    • Contact for pricing

      Prime Commercial Land Available

      Approximately 1.9 acres of commercial land for sale.
      201 N Joe Wilson Rd, Cedar Hill, TX 75104
      View Details
    • $217,000

      Land For Sale Near Downtown

      Approximately 2 acres of land near historic downtown.
      1111 W Belt Line Rd, Cedar Hill, TX 75104
      View Details
    • $2,290,000
      37.81 Acres

      Cedar Hill Unimproved Land Parcel

      37.807-acre land parcel available in Cedar Hill, Texas.
      1317 N Joe Wilson Rd, Cedar Hill, TX 75104
      View Details
    • $379,000
      10.10 Acres

      Unimproved Land in Growing Area

      10.1 acres of land near Lake Ridge Parkway, Cedar Hill.
      Mystic Shore Dr, Cedar Hill, TX 75104
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Raw Land & Pad Sites

      Raw land and pad site opportunities available for rent.
      294 Uptown Blvd, Cedar Hill, TX 75104
      View Details
    • Contact for pricing

      Land & Pad Site Opportunities

      Raw land and pad sites available, anchored by major retailers.
      472 Uptown Blvd, Cedar Hill, TX 75104
      View Details
    • Contact for pricing

      Commercial Land For Lease

      Commercial land suitable for retail, restaurant, medical, or office use.
      618 Uptown Blvd, Cedar Hill, TX 75104
      View Details
    • Contact for pricing

      Raw Land Pad Sites Available

      Raw land and pad site opportunities with major retail anchors.
      315 N Clark Rd, Cedar Hill, TX 75104
      View Details
    • Contact for pricing
      6,700 SF

      Prime Retail Space in Cedar Hill

      1,325 SF Retail Space Available Now
      605 Belt Line Rd, Cedar Hill, TX 75104
      View Details
    • Contact for pricing
      130,582 SF

      Lakeridge Shopping Center: Prime Retail

      Dallas County retail space, high visibility.
      67 & Belt Line, Cedar Hill, TX 75104
      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.
    803 Joe Wilson Rd
    Cedar Hill, TX 75104-6105
    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

    Google sign-in failed. Please try again or use another login method.