Masonry Office
For Sale
$275,000
311 N 2nd Street, Temple, TX 76501
CommercialSale, Temple, TX
Property Size1,458 SF
Lot Size0.19 Acres
Price / SF$188.61
Days on Market28
Property Features for 311 N 2nd Street
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Moores Add
Lot features
City Lot, Less Than Quarter Acre
Directions
Go North on main Street, Right on Right on East Downs, Right on 2nd
Standard status
Active
APN
112565
Size
1,458 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
MOORE'S ADDITION, BLOCK 032, LOT PT 1, (S 1/2 OF 1)
Tax Annual Amount
3329
Legal Description
MOORE'S ADDITION, BLOCK 032, LOT PT 1, (S 1/2 OF 1)
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Amenities
on demand hot water
patio
storage
kitchen
Building Details
Year built
1984
Floors in Building
1
Flooring type
Hardwood
Building materials
Masonry
Listing Agency:
Hometown Realty
(254) 760-4465
Listed By:
Jack Folsom · License #0498936
(254) 760-4465
Added: Aug 6
Changed: Aug 20
Last Checked: Sep 2 at 1:06AM
MLS# 621852
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 1,458-square-foot office property was built in 1984 with masonry construction and hardwood flooring. The interior includes multiple office areas, a kitchen, and dedicated storage, while the property also offers a patio and on-demand hot water. Central air conditioning and electric heating support year-round use.
Public water and public sewer serve the building. The property is located at 311 N 2nd Street in Temple, Texas, within ZIP Code 76501. Its existing office layout and supporting features provide a practical foundation for professional occupancy or other office-oriented commercial use.
Public water and public sewer serve the building. The property is located at 311 N 2nd Street in Temple, Texas, within ZIP Code 76501. Its existing office layout and supporting features provide a practical foundation for professional occupancy or other office-oriented commercial use.
Key Highlights
- 1,458 SF office property built in 1984
- Masonry construction with hardwood flooring
- Multiple office areas with kitchen and dedicated storage
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
$24,388
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
8.87%
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%
$487,760
$487.8K
Cap Rate 7%
$348,400
$348.4K
Cap Rate 9%
$270,978
$271.0K
Market Conditions
NOI Build-Up for 1,458 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
$44.8K $30.72/SF
− Vacancy
−$12.3K −$8.42/SF
EGI
$32.5K $22.30/SF
− OpEx
−$8.1K −$5.58/SF
NOI
$24.4K $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%
$487,760
Cap Rate 7%
$348,400
Cap Rate 9%
$270,978
Alternative Uses
Best Use
Office B
$348.4K
$304.9K – $406.5K
NOI $24,388 @ 7.0% cap · market cap 8.87%
Second Best
Healthcare Medical
$245.6K
$214.9K – $286.6K
NOI $17,193 @ 7.0% cap · market cap 6.25%
Theoretical Best
Multifamily LT 5
$16.28M
$14.24M – $18.99M
NOI $1,139,357 @ 7.0% cap · market cap 414.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
976
Businesses Nearby
Explore this area
Business Placement
Demographics for 76501, TX
16,987
Population
7,298
Households
2.3
Avg Household Size
39
Median Age
20%
College-Educated
86%
High-School Grad
118.2 sq mi
ZIP Area
144
Density / Sq Mi
$50,764
Median Household Income
$35,856
Median Earnings
$879
Median Rent
$151,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Single-story commercial space includes private offices, a kitchen, storage, and an outdoor patio.
Where is this office units located?
The property is located at 311 N 2nd Street Temple, TX.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 1,458 SF office property built in 1984; Masonry construction with hardwood flooring; Multiple office areas with kitchen and dedicated storage
