Corner Redevelopment Drive-Thru
For Sale
Contact for pricing
101 E 14th Ave, Belton, TX 76513
High-traffic corner site suited for drive-thru retail or automotive-oriented redevelopment.
Property Size1,528 SF
Lot Size0.33 Acres
Price / SF$327.23
Days on Market763
Property Features for 101 E 14th Ave
General Information
Standard status
Active
Size
1,528 SF
Class
A
Total Parking Spaces
10
Lot size
0.33 Acres
Property subtype
Land, Retail
Zoning
SF-1
Investment Type
Redevelopment
Site & Location
Traffic Count
28,000 vehicles/day
Road Access
Yes
Utilities to Site
Yes
Building Details
Year Built
1960
Year Renovated
1980
Listing Agency:
Pete & Larry LLC
(254) 718-8604
Listed By:
Rose Durham · License #TX 679442
Source:
Crexi
Added: Jul 11, 2024
Changed: Aug 8
Last Checked: Aug 10 at 3:09PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pete & Larry LLC
Investment Insights
Based on property information with market context.
This offering presents a corner redevelopment site currently improved by a leased home, with all utilities noted as currently in place. The property is sized at approximately 0.33 acres and is positioned for transformation into commercial use, including drive-thru formats.
The site is described as being close to Walmart, HEB, and nearby restaurants, and it benefits from reported frontage traffic of approximately 28,000 vehicles per day. Its corner configuration supports visibility and access for commercial concepts that rely on pass-by demand.
For tenants, buyers, and operators, the location and drive-thru-ready orientation make it a fit for uses such as DTO coffee, donuts, fast food, office, or an oil change/auto-related service. With utilities already noted at the existing leased home, the property can be considered as either a renovation option to commercial use or a redevelopment scenario for a drive-thru establishment.
The site is described as being close to Walmart, HEB, and nearby restaurants, and it benefits from reported frontage traffic of approximately 28,000 vehicles per day. Its corner configuration supports visibility and access for commercial concepts that rely on pass-by demand.
For tenants, buyers, and operators, the location and drive-thru-ready orientation make it a fit for uses such as DTO coffee, donuts, fast food, office, or an oil change/auto-related service. With utilities already noted at the existing leased home, the property can be considered as either a renovation option to commercial use or a redevelopment scenario for a drive-thru establishment.
Key Highlights
- High‑traffic corner redevelopment site with 28,000 VPD
- 0.33‑acre property on Main St near Walmart, HEB, and restaurants
- Currently a leased home; redevelop or renovate for commercial use
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
$27,031
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
5.41%
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%
$540,620
$540.6K
Cap Rate 7%
$386,157
$386.2K
Cap Rate 9%
$300,344
$300.3K
Market Conditions
NOI Build-Up for 1,528 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
$38.1K $24.96/SF
− Vacancy
−$2.1K −$1.37/SF
EGI
$36.0K $23.59/SF
− OpEx
−$9.0K −$5.90/SF
NOI
$27.0K $17.69/SF
Area
Bell County, TX
Vacancy
5.50%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
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%
$540,620
Cap Rate 7%
$386,157
Cap Rate 9%
$300,344
Alternative Uses
Best Use
Specialty Retail
$386.2K
$337.9K – $450.5K
NOI $27,031 @ 7.0% cap · market cap 5.41%
Second Best
Retail
$295.7K
$258.7K – $345.0K
NOI $20,697 @ 7.0% cap · market cap 4.14%
Theoretical Best
Multifamily LT 5
$17.06M
$14.93M – $19.90M
NOI $1,194,059 @ 7.0% cap · market cap 238.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
28,000 VPD
Traffic count
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
351
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
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - High-traffic corner site suited for drive-thru retail or automotive-oriented redevelopment.
Where is this drive through restaurant located?
The property is located at 101 E 14th Ave Belton, TX.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: High‑traffic corner redevelopment site with 28,000 VPD; 0.33‑acre property on Main St near Walmart, HEB, and restaurants; Currently a leased home; redevelop or renovate for commercial use
