Downtown Mixed-Use Retail and
For Sale
$850,000
110 E Central Ave, Belton, TX 76513
Downtown building with active ground-floor retail and an upstairs shell ready for conversion to apartments.
Property Size4,800 SF
Days on Market52
Property Features for 110 E Central Ave
General Information
Standard status
Active
Size
4,800 SF
Property subtype
Commercial
Building Details
Building Size
4,800 SF
Stories
2
Listing Agency:
Hometown Realty
(254) 760-4465
Listed By:
Jack Folsom · License #0498936
(254) 760-4465
Source:
Elliman
Added: Jun 22
Changed: Aug 8
Last Checked: Aug 12 at 6:49AM
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 Hometown Realty
Investment Insights
Based on property information with market context.
This commercial building features a storefront-style ground level that is currently operating as a boutique. The second level is offered as a shell, allowing for renovation and customization to create residential space.
The property is located in downtown Belton, positioned across from the courthouse at 110 E Central Ave. With the building set in a walk/car-dependent area, it’s suited to businesses and living arrangements that benefit from a central, street-facing setting.
For buyers, this configuration can support a live/work concept or a true mixed-use approach by combining retail activity below with newly built-out apartments above. The existing retail tenant-ready condition downstairs and the open shell layout upstairs provide a straightforward framework for an owner-operator or investor looking to manage both commercial and residential uses within one downtown asset.
The property is located in downtown Belton, positioned across from the courthouse at 110 E Central Ave. With the building set in a walk/car-dependent area, it’s suited to businesses and living arrangements that benefit from a central, street-facing setting.
For buyers, this configuration can support a live/work concept or a true mixed-use approach by combining retail activity below with newly built-out apartments above. The existing retail tenant-ready condition downstairs and the open shell layout upstairs provide a straightforward framework for an owner-operator or investor looking to manage both commercial and residential uses within one downtown asset.
Key Highlights
- Commercial building in Downtown Belton, across from the courthouse
- Ground floor currently used as a boutique retail space
- Upstairs is a shell, ready for conversion into apartments
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
Apartment 5plus
$49.11M
$42.97M – $57.29M
NOI $3,437,407 @ 7.0% cap · market cap 404.40%
Second Best
Retail
$928.8K
$812.7K – $1.08M
NOI $65,017 @ 7.0% cap · market cap 7.65%
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
553
Businesses Nearby
Balanced
Demand for This Use
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?
Storefront property - Downtown building with active ground-floor retail and an upstairs shell ready for conversion to apartments.
Where is this storefront property located?
The property is located at 110 E Central Ave 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: Commercial building in Downtown Belton, across from the courthouse; Ground floor currently used as a boutique retail space; Upstairs is a shell, ready for conversion into apartments
