Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Commercial Space in Belton Title is generated by Realmo AI

    213 E Central Ave, Belton, TX 76513

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Thriving downtown Belton location ideal for diverse businesses.

    Type:Retail, Office, Restaurant
    Added:
    Dec 20, 2024
    Days on Market:
    508
    Last Refresh:
    Mar 17 at 1:23 pm

    Property Features for 213 E Central Ave

    General Information

    Standard status
    Active
    Property subtype
    Retail, Office, Restaurant

    Building Details

    Year Built
    1908

    Spaces For Lease

    at 213 E Central Ave Contact us

    We can help!

    Listing Contact
    Ryan Hodge
    Ryan Hodge

    Listing agent Ryan Hodge License #0470284

    Listing office First Texas

    Listing date Dec 20, 2024

    Source Crexi

    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 First Texas

    HighLights

    • Prime commercial space in downtown Belton.
    • Located in a thriving and sought‑after location.
    • Suitable for a variety of businesses (retail, art, fitness, offices, tech, health).
    • Part of a dynamic community with downtown events and local markets.
    • Close proximity to Belton Lake and Bell County Courthouse.
    • Historic building (Year Built: 1908).

    Overview

    This commercial property is located in downtown Belton and is suitable for businesses that focus on creativity and community involvement. It is suited for boutique retail stores, art galleries, specialty fitness studios, law offices, tech startups, and health and wellness providers. Leasing space here provides access to a dynamic community, downtown events, local markets, Belton Lake, and the Bell County Courthouse. This location offers a blend of work-life balance and customer engagement. Downtown Belton is suitable for launching new ventures or expanding an existing business.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Belton
    County
    Bell
    State
    Texas
    Longitude
    -97.462427
    Latitude
    31.055827

    Nearby Similar for Lease

    • $3,400/Mo

      Belton Warehouse with Highway Visibility

      Warehouse space with loading dock and easy highway access.
      7401 S IH 35, Belton, TX 76513
      View Details
    • $10,000/Mo

      Warehouse Space with IH35 Frontage

      Warehouse space with loading docks and IH35 frontage.
      1600 E 6th Ave, Belton, TX
      View Details
    • $1.40 SF/Yr

      Belton Warehouse with Retail Space

      Warehouse with retail, office, and showroom space for lease.
      1008 Arbor Park, Belton, TX
      View Details
    • Contact for pricing

      Retail Space in Historic Belton

      Multi-tenant retail space in historic downtown Belton, Texas.
      219 South East Street, Belton, TX 76513
      View Details
    • $1.00 SF/Yr

      Belton Warehouse with Drive-Ins

      9,790 SF warehouse with convenient highway access for lease.
      2600 Digby Dr, Belton, TX
      View Details
    • Contact for pricing

      Newly Renovated Office Space Available

      Professional office building renovated in 2024, ready for occupancy.
      1002 Arbor Park Dr, Belton, TX
      View Details
    • $1.00 SF/Yr

      Warehouse Space Near I-35

      9,600 SF warehouse with dock access, near I-35.
      8110 Old Hwy, Belton, TX
      View Details
    • Contact for pricing

      Versatile Belton Property For Rent

      1,935 sq ft Belton property suitable for retail/office/warehouse.
      821 S Main St, Belton, TX 76513
      View Details
    • $1.00 SF/Yr

      Belton Flex Space For Rent

      Flex space available for lease in Belton, Texas.
      4631 W US Hwy 190, Belton, TX
      View Details
    • Contact for pricing

      Insulated Warehouse Near I-35/I-14

      Insulated warehouse with high ceilings and multiple bay doors.
      4505 FM439, Belton, TX 76513
      View Details
    • Contact for pricing

      Belton Warehouse with Highway Visibility

      3,600 SF warehouse with IH-35 visibility for lease.
      7401 S IH 35 Service Rd, Belton, TX 76513
      View Details
    • Contact for pricing

      Recently Renovated Professional Office Building

      Professional office building renovated in 2024, available for rent.
      1002 Arbor Park Dr, Belton, TX 76513
      View Details

    FAQs

    What type of property is this?
    Retail space - Thriving downtown Belton location ideal for diverse businesses.
    Where is this retail space located?
    The property is located at 213 E Central Ave Belton, TX.
    What are key features of this property?
    This property features: Prime commercial space in downtown Belton.; Located in a thriving and sought‑after location.; Suitable for a variety of businesses (retail, art, fitness, offices, tech, health).
    (254) 947-5577 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Ryan Hodge
    Ryan Hodge
    Real Estate License ID: 0470284
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    213 E Central Ave, Belton, TX 76513
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!