Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    508 N Wall St Belton, TX 76513

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Pending
    $377,000

    Commercial property with versatile buildings, suitable for various uses.

    Lot size:
    0.26 Acres

    Property Features for 508 N Wall St

    General Information

    Property type
    Commercial
    Standard status
    Pending
    Lot size
    0.26 Acres

    Building Details

    Year built
    1915

    We can help!

    Listing Contact
    Sonya White
    Source: Elliman

    Listing Agent: Sonya White

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Charming Commercial Property with Versatility

    This commercial property features a main single-story frame house, originally a "Sears & Roebuck Kit Home" according to previous owners, with updates while retaining its original charm. The main building includes exposed shiplap walls and ceilings, original wood floors, and original cabinetry and doors. It comprises several rooms/offices, two large community areas, a full kitchen, one full bathroom, a half bathroom, and a laundry/utility area. A detached two-car garage and carport are also present. The secondary building, approximately 285 square feet, has a separate entrance with an open room, a kitchenette, and a mini-split HVAC system. Previously used as a small spa and a florist, this versatile space is suitable for various purposes. The property is zoned commercial but can be reverted to residential use.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Belton
    County
    Bell
    State
    Texas
    Longitude
    -97.45907
    Latitude
    31.06055

    Nearby Similar for Sale

    • $699,000
      5,000 SF

      Versatile Commercial Building in Belton, TX

      5,000+ sq ft flex building near I-14 and I-35.
      1544 Jackrabbit Rd, Belton, TX 76513
      View Details
    • $980,000
      4,596 SF

      Versatile Commercial Building on 1.16 Acres

      Commercial building on 1.16 acres with expansion potential.
      625 Kennedy Ct, Belton, TX 76513
      View Details
    • New
      $250,000
      0.57 Acres

      Belton, TX Land For Sale

      Land available in Belton, Texas, Bell County.
      1507 Holland Rd, Belton, TX 76513
      View Details
    • New
      $250,000
      0.57 Acres

      Belton Commercial Property For Sale

      Commercial property available in Belton, Texas.
      1507 Holland Rd, Belton, TX 76513
      View Details
    • New
      $849,900
      2,661 SF

      Turn-Key Equine Facility in Belton

      Equine facility with trainer's barn, comfortable home, and efficient layout.
      2700 Auction Barn Rd, Belton, TX 76513
      View Details
    • $359,999
      2,114 SF

      Belton Duplex: Investment Opportunity

      Well-maintained Belton duplex with strong rental demand and convenient location.
      340 Arnold Dr, Belton, TX 76513
      View Details
    • New
      $400,000
      2,918 SF

      Belton Duplex with Fenced Yards

      Duplex in Belton, TX with investment potential.
      901 Carla Kay Dr, Belton, TX 76513
      View Details
    • $4,200,000
      1,200 SF

      Boat & RV Storage Facility

      Boat & RV storage facility with expansion potential near I-35.
      1251 Elm Grove Spur, Belton, TX 76513
      View Details
    • $535,000
      2,192 SF

      Belton Income-Producing Multi-Use Property

      3.28-acre Belton property with homes, mobile homes, and barn.
      7350 Sparta Rd, Belton, TX 76513
      View Details
    • $2,150,000
      5,723 SF

      Belton, TX Commercial Investment

      4.417 acre commercial property with highway access in Central Texas.
      1498 Old Golf Course Rd, Belton, TX 76513
      View Details
    • $980,000

      Versatile Commercial Building on 1.16 Acres

      Commercial building on 1.16 acres with expansion potential.
      625 Kennedy Ct, Belton, TX 76513
      View Details
    • $267,000

      Updated Commercial Space Near Downtown

      Commercial space near downtown Belton, suitable for retail or office.
      622 E 6 Ave, Belton, TX 76513
      View Details

    FAQs

    What type of property is this?
    Retail space - Commercial property with versatile buildings, suitable for various uses.
    Where is this retail space located?
    The property is located at 508 N Wall St Belton, TX.
    What is the asking price?
    The asking price for this property is $377,000.
    What are key features of this property?
    This property features: - Commercial zoning with option to revert to residential.; - Charming, updated 'Sears & Roebuck Kit Home' with original features like wood floors and cabinetry.; - Versatile detached secondary building (approx 285 sqft) with kitchenette and mini-split HVAC, previously used as a spa and florist.
    (254) 721-3777
    Request Owner's contact information
    508 N Wall St Belton, TX 76513
    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.
    508 N Wall St
    Belton, TX 76513
    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
    508 N Wall St Belton, TX 76513
    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

    We can help!
    Listing Contact
    Sonya White
    Real Estate License ID: 0446331
    (254) 721-3777 (254) 939-3800
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!