Updated Storefront Retail
For Sale
Under Contract
$259,000
620 E 6th Avenue, Belton, TX 76513
CommercialSale, Belton, TX
Property Size624 SF
Lot Size0.16 Acres
Price / SF$415.06
Days on Market269
Property Features for 620 E 6th Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Garage
Subdivision
Belton Original
Lot features
City Lot, Less Than Quarter Acre
Directions
Exit 93/6th avenue from I-35; travel west and property will be on the right
Standard status
Active Under Contract
APN
122912
Size
624 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BELTON ORIGINAL, BLOCK 069, LOT PT BLK, (49.82' X 136.54' X 50.01' X 136.42'), ACRES .156
Tax Annual Amount
1292
Legal Description
BELTON ORIGINAL, BLOCK 069, LOT PT BLK, (49.82' X 136.54' X 50.01' X 136.42'), ACRES .156
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1962
Floors in Building
1
Flooring type
Concrete
Building materials
HardiplankType
Listing Agency:
Nancy Best Realty
(512) 571-1259
Listed By:
Nancy E. Best · License #0683216
(512) 930-2000
Added: Dec 23, 2025
Changed: Sep 10
Last Checked: Sep 18 at 4:06AM
MLS# 600528
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 624-square-foot storefront property sits on a 0.156-acre parcel at 620 E 6th Avenue in Belton. The building dates to 1962 and received a comprehensive update in 2019, including electrical, HVAC, plumbing, sheetrock, and interior and exterior paint. The roof dates to 2024. Existing features include concrete flooring, central heating and cooling, a garage, public water, and public sewer.
The property carries Uptown zoning and is positioned near downtown Belton with access to I-35. Its location on E 6th Avenue and existing commercial improvements provide a practical setting for retail, office, or personal-service use. An adjacent property is also available.
The property carries Uptown zoning and is positioned near downtown Belton with access to I-35. Its location on E 6th Avenue and existing commercial improvements provide a practical setting for retail, office, or personal-service use. An adjacent property is also available.
Key Highlights
- 624 square feet on 0.156 acres
- 2019 updates included electrical, HVAC, plumbing, sheetrock, and interior and exterior paint
- Roof completed in 2024
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
$8,452
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
3.26%
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%
$169,040
$169.0K
Cap Rate 7%
$120,743
$120.7K
Cap Rate 9%
$93,911
$93.9K
Market Conditions
NOI Build-Up for 624 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
$12.8K $20.52/SF
− Vacancy
−$730 −$1.17/SF
EGI
$12.1K $19.35/SF
− OpEx
−$3.6K −$5.81/SF
NOI
$8.5K $13.55/SF
Area
Bell County, TX
Vacancy
5.70%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
30.00%
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%
$169,040
Cap Rate 7%
$120,743
Cap Rate 9%
$93,911
Alternative Uses
Best Use
Retail
$120.7K
$105.7K – $140.9K
NOI $8,452 @ 7.0% cap · market cap 3.26%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$6.97M
$6.10M – $8.13M
NOI $487,626 @ 7.0% cap · market cap 188.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
163
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
View Realmo Analytics
Market
Vacancy Rate% for Retail 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?
Storefront property - Uptown zoning and central HVAC support a compact commercial property near downtown Belton.
Where is this storefront property located?
The property is located at 620 E 6th Avenue Belton, TX.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: 624 square feet on 0.156 acres; 2019 updates included electrical, HVAC, plumbing, sheetrock, and interior and exterior paint; Roof completed in 2024
