Mixed-Use Building with Upper-Level
For Sale
$850,000
110 E Central Avenue, Belton, TX 76513
A boutique occupies the ground floor, while the unfinished second level offers space for a planned apartment.
Property Size4,800 SF
Price / SF$177.08
Days on Market138
Property Features for 110 E Central Avenue
General Information
Standard status
Active
Size
4,800 SF
Property subtype
Commercial
Additional Details
Currently Operating
Yes
Building Details
Building Size
4,800 SF
Buildings
1
Stories
2
Listing Agency:
Hometown Realty
Listed By:
Jack Folsom · License #0498936
(254) 760-4465
Source:
Alleyhomeandland
Added: Jun 17
Changed: Oct 29
Last Checked: Oct 30 at 9:57PM
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
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Investment Insights
Based on property information with market context.
At 110 E Central Avenue, this 4,800-square-foot mixed-use property has a boutique on the ground floor and an unfinished upper level. The existing upper-floor shell is identified for conversion to an apartment.
The building is in downtown Belton, directly across from the courthouse.
The building is in downtown Belton, directly across from the courthouse.
Key Highlights
- 4,800‑square‑foot mixed‑use property
- Ground floor currently occupied by a boutique
- Unfinished upper level identified for apartment conversion
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,017
Cap Rate
7.65%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A boutique occupies the ground floor, while the unfinished second level offers space for a planned apartment.
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 property; Ground floor currently occupied by a boutique; Unfinished upper level identified for apartment conversion
