Mixed-Use Building with Apartment
For Sale
$850,000
110 E Central Avenue, Belton, TX 76513
CommercialSale, Belton, TX
Property Size4,800 SF
Lot Size0.09 Acres
Price / SF$177.08
Days on Market77
Property Features for 110 E Central Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Belton Original
Lot features
City Lot, Less Than Quarter Acre
Directions
Downtown Belton on the square
Standard status
Active
APN
117830
Size
4,800 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
BELTON ORIGINAL, BLOCK 008, LOT PT 5, (W 1/2 OF 5)
Tax Annual Amount
3985
Legal Description
BELTON ORIGINAL, BLOCK 008, LOT PT 5, (W 1/2 OF 5)
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
2
Flooring type
Wood, Laminate
Building materials
Block
Listing Agency:
Hometown Realty
(254) 760-4465
Listed By:
Jack Folsom · License #0498936
(254) 760-4465
Added: Jun 17
Changed: Aug 20
Last Checked: Sep 1 at 6:06PM
MLS# 617173
Copyright © 2026 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 4,800-square-foot mixed-use building occupies a 0.0861-acre parcel in downtown Belton. The lower level is operating as a boutique, while the upper floor remains a shell suitable for completion as an apartment. Block construction, wood and laminate flooring, electric heat, and central air are in place. Public water and public sewer serve the property.
The building is positioned at 110 E Central Avenue, across from the courthouse in downtown Belton. Its two-level configuration provides an existing commercial component below and unfinished space above, allowing the property’s next owner to address both areas within one building.
The building is positioned at 110 E Central Avenue, across from the courthouse in downtown Belton. Its two-level configuration provides an existing commercial component below and unfinished space above, allowing the property’s next owner to address both areas within one building.
Key Highlights
- 4,800‑square‑foot mixed‑use building on a 0.0861‑acre parcel
- Lower level currently operates as a boutique
- Upper floor is a shell ready for apartment completion
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$65,017
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.65%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,300,340
$1.3M
Cap Rate 7%
$928,814
$928.8K
Cap Rate 9%
$722,411
$722.4K
Market Conditions
NOI Build-Up for 4,800 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$98.5K $20.52/SF
− Vacancy
−$5.6K −$1.17/SF
EGI
$92.9K $19.35/SF
− OpEx
−$27.9K −$5.81/SF
NOI
$65.0K $13.55/SF
Area
Bell County, TX
Vacancy
5.70%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,300,340
Cap Rate 7%
$928,814
Cap Rate 9%
$722,411
Alternative Uses
Best Use
Retail
$928.8K
$812.7K – $1.08M
NOI $65,017 @ 7.0% cap · market cap 7.65%
Second Best
Mixed Use
$694.3K
$607.5K – $810.0K
NOI $48,600 @ 7.0% cap · market cap 5.72%
Theoretical Best
Multifamily LT 5
$53.59M
$46.89M – $62.52M
NOI $3,750,970 @ 7.0% cap · market cap 441.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
867
Businesses Nearby
Explore this area
Business Placement
Demographics for 76513, TX
43,698
Population
16,004
Households
2.7
Avg Household Size
36
Median Age
33%
College-Educated
89%
High-School Grad
108.3 sq mi
ZIP Area
403
Density / Sq Mi
$82,366
Median Household Income
$38,428
Median Earnings
$1,216
Median Rent
$260,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level property combines a boutique storefront with unfinished upper-floor space for a residential buildout.
Where is this mixed-use property located?
The property is located at 110 E Central Avenue Belton, TX.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 4,800‑square‑foot mixed‑use building on a 0.0861‑acre parcel; Lower level currently operates as a boutique; Upper floor is a shell ready for apartment completion
