Historic Mixed-Use
New
For Sale
$600,000
445 N Wall St, Belton, TX 76513
Renovated historic property with flexible residential, hospitality, office, event, dining, and retail use potential.
Property Size3,866 SF
Price / SF$155.20
Days on Market3
Property Features for 445 N Wall St
General Information
Standard status
Active
Size
3,866 SF
Property subtype
Commercial
Additional Details
Furnished
No
Building Details
Year Built
1925
Abandoned
No
Listing Agency:
RE/MAX Land & Homes
(361) 573-0444
Listed By:
Homecity Real Estate
(254) 939-3585
Source:
Homecity
Added: Sep 16
Changed: Sep 17
Last Checked: Sep 16 at 2:16PM
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 RE/MAX Land & Homes
Investment Insights
Based on property information with market context.
Venue 1925 is a renovated historic property built in 1925, offering 3,866 square feet with five bedrooms and 2.5 baths. The property currently operates as a short-term rental and venue accommodating 16 overnight guests, with self check-in, dedicated workspace, Wi-Fi, and free on-site parking. Unfinished flex areas provide additional customization options, while a detached garage, workshop, and 2,500-square-foot metal shop expand the usable footprint. Furnishings are not included, and the property is available AS-IS.
Located at 445 N Wall St in Belton, the property sits on a corner lot two blocks from Downtown Belton and within walking distance of the Courthouse Square, dining, shopping, live music, farmers' markets, and seasonal festivals. Residential, office, co-working, event venue, dining, and retail uses are identified without zoning change requirements. Improvements include three new HVAC systems and ductwork installed in 2021, a metal shop addition completed in 2021, and an approximately 4,000-square-foot driveway poured that year.
Located at 445 N Wall St in Belton, the property sits on a corner lot two blocks from Downtown Belton and within walking distance of the Courthouse Square, dining, shopping, live music, farmers' markets, and seasonal festivals. Residential, office, co-working, event venue, dining, and retail uses are identified without zoning change requirements. Improvements include three new HVAC systems and ductwork installed in 2021, a metal shop addition completed in 2021, and an approximately 4,000-square-foot driveway poured that year.
Key Highlights
- 3,866‑square‑foot renovated historic property built in 1925
- Five bedrooms, 2.5 baths, and overnight capacity for 16 guests
- 2,500‑square‑foot metal shop plus detached garage, workshop, and outbuilding
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
$39,143
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
6.52%
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%
$782,860
$782.9K
Cap Rate 7%
$559,186
$559.2K
Cap Rate 9%
$434,922
$434.9K
Market Conditions
NOI Build-Up for 3,866 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
$69.6K $18.00/SF
− Vacancy
−$7.0K −$1.80/SF
EGI
$62.6K $16.20/SF
− OpEx
−$23.5K −$6.07/SF
NOI
$39.1K $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%
$782,860
Cap Rate 7%
$559,186
Cap Rate 9%
$434,922
Alternative Uses
Best Use
Apartment 5plus
$39.55M
$34.61M – $46.14M
NOI $2,768,545 @ 7.0% cap · market cap 461.42%
Second Best
Mixed Use
$559.2K
$489.3K – $652.4K
NOI $39,143 @ 7.0% cap · market cap 6.52%
Theoretical Best
Multifamily LT 5
$43.16M
$37.76M – $50.35M
NOI $3,021,093 @ 7.0% cap · market cap 503.52%
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
924
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 Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Renovated historic property with flexible residential, hospitality, office, event, dining, and retail use potential.
Where is this mixed-use property located?
The property is located at 445 N Wall St Belton, TX.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 3,866‑square‑foot renovated historic property built in 1925; Five bedrooms, 2.5 baths, and overnight capacity for 16 guests; 2,500‑square‑foot metal shop plus detached garage, workshop, and outbuilding
