Updated Live-Work
For Sale
Contact for pricing
111 N 11th St, Temple, TX 76501
Commercial and Residential zoning supports a flexible combination of work and living uses.
Property Size876 SF
Price / SF$150.68
Days on Market52
Property Features for 111 N 11th St
General Information
Standard status
Active
Size
876 SF
Property subtype
Retail
Zoning
Commercial and Residential
Building Details
Year Built
1950
Stories
1
Listing Agency:
Two Lakes Real Estate
Listed By:
Blake Lufburrow · License #686366
(254) 780-5466
Source:
Crexi
Added: Jul 29
Changed: Sep 10
Last Checked: Sep 16 at 3:21PM
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 Two Lakes Real Estate
Investment Insights
Based on property information with market context.
This 876-square-foot live-work property combines a compact footprint with flexible Commercial and Residential zoning. Built in 1950, the property includes a kitchen and has undergone several recent cosmetic improvements. Interior floors were refinished in 2026, while the kitchen received cosmetic updates and the exterior was freshly painted.
New front landscaping adds to the property’s finished presentation at 111 N 11th St in Temple. The configuration is suited to a range of small-scale commercial or residential applications, including office, studio, or live-work use, subject to applicable requirements. Its updated interior and exterior provide a refreshed setting for an owner-user or occupant seeking a property with both business and residential flexibility.
New front landscaping adds to the property’s finished presentation at 111 N 11th St in Temple. The configuration is suited to a range of small-scale commercial or residential applications, including office, studio, or live-work use, subject to applicable requirements. Its updated interior and exterior provide a refreshed setting for an owner-user or occupant seeking a property with both business and residential flexibility.
Key Highlights
- 876‑square‑foot live‑work property
- Commercial and Residential zoning
- Floors refinished in 2026
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
$8,870
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
6.72%
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%
$177,400
$177.4K
Cap Rate 7%
$126,714
$126.7K
Cap Rate 9%
$98,556
$98.6K
Market Conditions
NOI Build-Up for 876 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
$15.8K $18.00/SF
− Vacancy
−$1.6K −$1.80/SF
EGI
$14.2K $16.20/SF
− OpEx
−$5.3K −$6.07/SF
NOI
$8.9K $10.13/SF
Area
Bell County, TX
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
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%
$177,400
Cap Rate 7%
$126,714
Cap Rate 9%
$98,556
Alternative Uses
Best Use
Office B
$209.3K
$183.2K – $244.2K
NOI $14,653 @ 7.0% cap · market cap 11.10%
Second Best
Mixed Use
$126.7K
$110.9K – $147.8K
NOI $8,870 @ 7.0% cap · market cap 6.72%
Theoretical Best
Multifamily LT 5
$9.78M
$8.56M – $11.41M
NOI $684,552 @ 7.0% cap · market cap 518.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,231
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Live-work space - Commercial and Residential zoning supports a flexible combination of work and living uses.
Where is this live-work space located?
The property is located at 111 N 11th St Temple, TX.
What is the asking price?
The asking price for this property is $132,000.
What are key features of this property?
This property features: 876‑square‑foot live‑work property; Commercial and Residential zoning; Floors refinished in 2026
