Updated Live-Work
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For Sale
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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 Market7
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
(254) 780-5466
Listed By:
Blake Lufburrow · License #686366
Source:
Crexi
Added: Jul 29
Changed: Aug 3
Last Checked: Aug 3 at 4:21AM
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 For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $15.8k | $18.00 |
| − Vacancy | −$1.6k | −$1.80 |
| EGI | $14.2k | $16.20 |
| − OpEx | −$5.3k | −$6.07 |
| NOI | $8.9k | $10.13 |
876 SF · lease $18.00/SF/yr · vacancy 10.00% · expense 37.50%
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
Current Use
Location Intelligence
Trade Area within ½ mile
411
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?
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
