Office Building with Detached
For Sale
$369,000
1915 & 1925 S Wall Street, Belton, TX 76513
CommercialSale, Belton, TX
Property Size1,581 SF
Lot Size1.98 Acres
Price / SF$233.40
Days on Market168
Property Features for 1915 & 1925 S Wall Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
C1,R,
Parking features
Garage
Subdivision
REID RANCH
Lot features
One To Three Acres, City Lot, Level, Mature Trees
High school
Belton High School
Elementary school district
Belton ISD
Middle school district
Belton ISD
High school district
Belton ISD
Directions
Right off of I-35 and Main St. in Belton. From Northbound I-35, take the Main Street exit and turn on Holland Road and then turn right onto S Wall St.
Standard status
Active
APN
521155
Size
1,581 SF
Lot size
1.98 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
REID RANCH, LOT 0002, ACRES 1.528 & REID RANCH, LOT 0001, ACRES 0.455
Tax Annual Amount
1549
Legal Description
REID RANCH, LOT 0002, ACRES 1.528 & REID RANCH, LOT 0001, ACRES 0.455
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Electric
Water source
Public
Building Details
Year built
1950
Floors in Building
1
Flooring type
Laminate, Wood, Vinyl
Building materials
Asbestos, Frame, FiberglassSiding, WoodSiding
Roof type
Composition, Shingle
Listing Agency:
The Foxx Real Estate Group-ARG
(254) 493-6969
Listed By:
Tiffani Foxx · License #0480144
(254) 421-1000
Added: Mar 10
Changed: Aug 20
Last Checked: Aug 24 at 4:06PM
MLS# 606903
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 office property includes a 1,581-square-foot, two-bedroom, one-bath building configured with office areas, a large living room or conference room, fireplace, kitchen, dining area, and French doors. A detached two-car garage provides additional storage, vehicle, or workshop space. The improvements were built in 1950 and include electric heating and cooling, public water, public sewer, laminate, wood and vinyl flooring, and a composition and shingle roof.
The 1.983-acre site at 1915 & 1925 S Wall Street backs up to IH 35 in Belton and includes mature trees. Zoning is C1,R, with stated uses including hotel, office, retail, and light industrial. Two parks are located a couple of blocks away, with playgrounds, a hike and bike trail, and a splash pad.
The 1.983-acre site at 1915 & 1925 S Wall Street backs up to IH 35 in Belton and includes mature trees. Zoning is C1,R, with stated uses including hotel, office, retail, and light industrial. Two parks are located a couple of blocks away, with playgrounds, a hike and bike trail, and a splash pad.
Key Highlights
- 1.983‑acre site at 1915 & 1925 S Wall Street in Belton
- 1,581‑square‑foot building with two bedrooms, one bath, and office configuration
- C1,R zoning with hotel, office, retail, and light industrial uses
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
$26,445
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
7.17%
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%
$528,900
$528.9K
Cap Rate 7%
$377,786
$377.8K
Cap Rate 9%
$293,833
$293.8K
Market Conditions
NOI Build-Up for 1,581 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
$48.6K $30.72/SF
− Vacancy
−$13.3K −$8.42/SF
EGI
$35.3K $22.30/SF
− OpEx
−$8.8K −$5.58/SF
NOI
$26.4K $16.73/SF
Area
Bell County, TX
Vacancy
27.40%
Lease Rate
$30.72 /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%
$528,900
Cap Rate 7%
$377,786
Cap Rate 9%
$293,833
Alternative Uses
Best Use
Office B
$377.8K
$330.6K – $440.8K
NOI $26,445 @ 7.0% cap · market cap 7.17%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$17.65M
$15.44M – $20.59M
NOI $1,235,476 @ 7.0% cap · market cap 334.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
219
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 Office 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?
Office building - C1,R-zoned property with hotel, office, retail, and light industrial use designations in Belton.
Where is this office building located?
The property is located at 1915 & 1925 S Wall Street Belton, TX.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: 1.983‑acre site at 1915 & 1925 S Wall Street in Belton; 1,581‑square‑foot building with two bedrooms, one bath, and office configuration; C1,R zoning with hotel, office, retail, and light industrial uses
