Flex Property with Drive-Through
New
For Sale
$1,150,000
4383 Fm 439, Belton, TX 76513
A dedicated office building complements a separate shop with drive-through access.
Property Size7,500 SF
Lot Size2.00 Acres
Days on Market2
Property Features for 4383 Fm 439
General Information
Standard status
Active
Size
7,500 SF
Lot size
2.00 Acres
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Office Build-Out
2,500 SF
Drive-In Doors
2
Building Details
Building Size
7,500 SF
Year Built
2020
Buildings
2
Stories
1
Construction
metal
Listing Agency:
Magnolia Realty Temple Belton
Listed By:
Charles Ellis · License #0767423
(254) 760-1884
Source:
Elliman
Added: Sep 26
Last Checked: Sep 26 at 2:41PM
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 Magnolia Realty Temple Belton
Investment Insights
Based on property information with market context.
Two metal buildings, both constructed in 2020, make up this flex property on approximately 2 acres along FM 439 in Belton. The office building contains 2,500 square feet, with a reception area, five private offices, a conference room, kitchenette, and restroom. A second building provides shop and warehouse space, with a separate shop office, restroom, and storage above the office.
The shop building measures approximately 100' x 50' and has 16-foot walls. Electronic overhead doors measuring 14 feet are positioned at opposite ends, allowing vehicles to pass through the building. The site is located on FM 439 in Belton, with access to surrounding residential and commercial areas and the greater Belton/Temple market.
The shop building measures approximately 100' x 50' and has 16-foot walls. Electronic overhead doors measuring 14 feet are positioned at opposite ends, allowing vehicles to pass through the building. The site is located on FM 439 in Belton, with access to surrounding residential and commercial areas and the greater Belton/Temple market.
Key Highlights
- Two metal buildings constructed in 2020 on approximately 2 acres
- Office building contains 2,500 square feet, five private offices, a conference room, kitchenette, and restroom
- Shop building measures approximately 100' x 50' with 16‑foot walls
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
$91,833
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
7.99%
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%
$1,836,660
$1.8M
Cap Rate 7%
$1,311,900
$1.3M
Cap Rate 9%
$1,020,367
$1.0M
Market Conditions
NOI Build-Up for 7,500 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
$150.3K $20.04/SF
− Vacancy
−$9.0K −$1.20/SF
EGI
$141.3K $18.84/SF
− OpEx
−$49.4K −$6.59/SF
NOI
$91.8K $12.24/SF
Area
Bell County, TX
Vacancy
6.00%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
35.00%
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%
$1,836,660
Cap Rate 7%
$1,311,900
Cap Rate 9%
$1,020,367
Alternative Uses
Best Use
Flex RnD
$1.31M
$1.15M – $1.53M
NOI $91,833 @ 7.0% cap · market cap 7.99%
Second Best
Mixed Use
$1.08M
$949.2K – $1.27M
NOI $75,938 @ 7.0% cap · market cap 6.60%
Theoretical Best
Multifamily LT 5
$83.73M
$73.26M – $97.68M
NOI $5,860,890 @ 7.0% cap · market cap 509.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
45
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - A dedicated office building complements a separate shop with drive-through access.
Where is this flex space located?
The property is located at 4383 Fm 439 Belton, TX.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Two metal buildings constructed in 2020 on approximately 2 acres; Office building contains 2,500 square feet, five private offices, a conference room, kitchenette, and restroom; Shop building measures approximately 100' x 50' with 16‑foot walls
