Updated Storefront
For Sale
$259,000
620 E 6th Ave, Belton, TX 76513
Renovated commercial space with Uptown zoning, on-site parking, and access to downtown and I35.
Property Size624 SF
Price / SF$415.06
Days on Market19
Property Features for 620 E 6th Ave
General Information
Standard status
Active
Size
624 SF
Zoning
UPTOWN
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1962
Year Renovated
2024
Listing Agency:
Nancy Best Realty
(512) 571-1259
Listed By:
Nancy E. Best · License #0683216
Source:
Ashbyregroup
Added: Aug 12
Changed: Aug 30
Last Checked: Aug 25 at 4:01AM
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 Nancy Best Realty
Investment Insights
Based on property information with market context.
This storefront property at 620 E 6th Ave in Belton was built in 1962 and comprehensively updated in 2019. Improvements included electrical, HVAC, plumbing, sheetrock, and interior and exterior paint. The roof was replaced in 2024, providing a recent exterior improvement to the building.
The property carries Uptown zoning and offers on-site parking with convenient access to downtown Belton and I35. The adjacent property is also available, creating an option for consideration of both sites together. The commercial space is positioned for retail, office, or beauty-shop use as supported by the existing zoning and configuration.
The property carries Uptown zoning and offers on-site parking with convenient access to downtown Belton and I35. The adjacent property is also available, creating an option for consideration of both sites together. The commercial space is positioned for retail, office, or beauty-shop use as supported by the existing zoning and configuration.
Key Highlights
- Comprehensive 2019 update included electrical, HVAC, plumbing, sheetrock, and interior and exterior paint
- Roof replaced in 2024
- Uptown zoning
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
$10,438
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
4.03%
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%
$208,760
$208.8K
Cap Rate 7%
$149,114
$149.1K
Cap Rate 9%
$115,978
$116.0K
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
$19.2K $30.72/SF
− Vacancy
−$5.3K −$8.42/SF
EGI
$13.9K $22.30/SF
− OpEx
−$3.5K −$5.58/SF
NOI
$10.4K $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%
$208,760
Cap Rate 7%
$149,114
Cap Rate 9%
$115,978
Alternative Uses
Best Use
Office B
$149.1K
$130.5K – $174.0K
NOI $10,438 @ 7.0% cap · market cap 4.03%
Second Best
Retail
$120.7K
$105.7K – $140.9K
NOI $8,452 @ 7.0% cap · market cap 3.26%
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
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road 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
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?
Storefront property - Renovated commercial space with Uptown zoning, on-site parking, and access to downtown and I35.
Where is this storefront property located?
The property is located at 620 E 6th Ave 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: Comprehensive 2019 update included electrical, HVAC, plumbing, sheetrock, and interior and exterior paint; Roof replaced in 2024; Uptown zoning
