Historic Mixed-Use
New
For Sale
$314,900
400 S Main Street, Belton, TX 76513
CommercialSale, Belton, TX
Property Size2,440 SF
Lot Size0.26 Acres
Price / SF$129.06
Days on Market2
Property Features for 400 S Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Carport
Security features
Security
Interior features
Attic
Fireplace
1
Subdivision
Belton Original
Lot features
City Lot, Quarter To Half Acre Lot
Directions
From S IH 35, exit to Main Street. Head north on Main, and the property is on the left before crossing the bridge. From N IH35, exit to Central Avenue. Turn south on Hwy 317 (Main St), cross the creek and the property is on the corner of Avenue C.
Standard status
Active
APN
43358
Size
2,440 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BELTON ORIGINAL, BLOCK 020, LOT PT 1, (N 1/2 OF 1), (TOD DEED), ACRES .259
Legal Description
BELTON ORIGINAL, BLOCK 020, LOT PT 1, (N 1/2 OF 1), (TOD DEED), ACRES .259
Utilities
Heating system
Central, Fireplace(s), Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1878
Floors in Building
2
Flooring type
Tile, Hardwood
Building materials
HardiplankType, StoneVeneer
Roof type
Shingle, Composition
Listing Agency:
Anchor Realty
(254) 718-1618
Listed By:
Danny Bass · License #0684493
(254) 733-4190
Added: Sep 18
Last Checked: Sep 19 at 3:06AM
MLS# 625660
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.
Built in 1878, this 2,440-square-foot mixed-use property includes a 1,954-square-foot main structure and a detached 486-square-foot cottage. The primary building has hardwood and tile flooring, an attic, central heating and cooling, electric service, and a fireplace. A carport provides covered parking, while public water serves the property. The cottage has its own kitchen, bathroom, private courtyard, and separate water and electric meters, and is currently generating rental income.
The property occupies 0.259 acres at 400 S Main Street in Belton, one block from the Bell County Courthouse. It is within Belton’s Imagine Belton Main Street Zone, where identified permitted uses include live-work space, office, retail, dining, personal services, artisan food and beverage, entertainment, and overnight accommodations. Existing residential use is grandfathered. The main structure has previously supported both residential and law-office use, providing documented flexibility for future occupancy and configuration.
The property occupies 0.259 acres at 400 S Main Street in Belton, one block from the Bell County Courthouse. It is within Belton’s Imagine Belton Main Street Zone, where identified permitted uses include live-work space, office, retail, dining, personal services, artisan food and beverage, entertainment, and overnight accommodations. Existing residential use is grandfathered. The main structure has previously supported both residential and law-office use, providing documented flexibility for future occupancy and configuration.
Key Highlights
- 2,440 SF property with a 1,954 SF main structure and 486 SF detached cottage
- Built in 1878 on 0.259 acres at 400 S Main Street, Belton, TX 76513
- Detached cottage includes a kitchen, bathroom, private courtyard, and separate water and electric meters
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
$24,705
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
7.85%
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%
$494,100
$494.1K
Cap Rate 7%
$352,929
$352.9K
Cap Rate 9%
$274,500
$274.5K
Market Conditions
NOI Build-Up for 2,440 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
$43.9K $18.00/SF
− Vacancy
−$4.4K −$1.80/SF
EGI
$39.5K $16.20/SF
− OpEx
−$14.8K −$6.07/SF
NOI
$24.7K $10.13/SF
Area
Bell County, TX
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
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%
$494,100
Cap Rate 7%
$352,929
Cap Rate 9%
$274,500
Alternative Uses
Best Use
Office B
$583.1K
$510.2K – $680.2K
NOI $40,814 @ 7.0% cap · market cap 12.96%
Second Best
Mixed Use
$352.9K
$308.8K – $411.8K
NOI $24,705 @ 7.0% cap · market cap 7.85%
Theoretical Best
Multifamily LT 5
$27.24M
$23.83M – $31.78M
NOI $1,906,743 @ 7.0% cap · market cap 605.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
163
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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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible historic property with a detached rental cottage, separate utilities, and commercial-use possibilities in Belton’s Main Street Zone.
Where is this mixed-use property located?
The property is located at 400 S Main Street Belton, TX.
What is the asking price?
The asking price for this property is $314,900.
What are key features of this property?
This property features: 2,440 SF property with a 1,954 SF main structure and 486 SF detached cottage; Built in 1878 on 0.259 acres at 400 S Main Street, Belton, TX 76513; Detached cottage includes a kitchen, bathroom, private courtyard, and separate water and electric meters
