Updated Commercial Space Near
For Sale
$259,000
622 E 6th Ave, Belton, TX 76513
Commercial space near downtown Belton, suitable for retail or office.
Property Size624 SF
Lot Size0.16 Acres
Days on Market173
Property Features for 622 E 6th Ave
General Information
Standard status
Active
Size
624 SF
Lot size
0.16 Acres
Property subtype
Commercial
Building Details
Building Size
624 SF
Year Built
1962
Stories
1
Listing Agency:
Nancy Best Realty
(512) 571-1259
Listed By:
Nancy E. Best · License #0683216
(512) 571-1259
Source:
Elliman
Added: Mar 10
Changed: Aug 27
Last Checked: Aug 29 at 8:44AM
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 commercial property, located on 6th Street near downtown Belton, presents an opportunity for small business ownership. The property underwent a complete update in 2019, including electrical, HVAC, plumbing, sheetrock, and paint work, both inside and out. A new roof was installed in 2024. The space is suitable for various uses, including a beauty shop, retail establishment, or office. The property benefits from high visibility, ample parking, and convenient access to downtown and I-35. The property is currently leased with the option to continue the lease. Adjacent property is also available.
Key Highlights
- Prime location on 6th Street near Downtown Belton with high visibility
- Complete update in 2019 including electrical, HVAC, plumbing, sheetrock, and paint (inside and out)
- New roof installed 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
Property Profile
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
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?
Retail space - Commercial space near downtown Belton, suitable for retail or office.
Where is this retail space located?
The property is located at 622 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: Prime location on 6th Street near Downtown Belton with high visibility; Complete update in 2019 including electrical, HVAC, plumbing, sheetrock, and paint (inside and out); New roof installed in 2024
