Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space on 31st Street Title is generated by Realmo AI

    114 North 31st Street, Temple, TX 76504

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

    Retail space with high visibility in redeveloping area.

    Type:Retail
    Property size:
    3,931 SF
    Added:
    Mar 25, 2026
    Days on Market:
    60
    Last Refresh:
    Mar 18 at 8:53 am

    Property Features for 114 North 31st Street

    General Information

    Standard status
    Active
    Size
    3,931 SF
    Property subtype
    Retail

    We can help!

    Listing Contact
    Andrew Lehner

    Listing agent Andrew Lehner

    Listing office

    Listing date Mar 25, 2026

    Source Cbre

    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 Andrew Lehner

    HighLights

    • Exceptional visibility and accessibility along the 31st Street corridor.
    • Boasts ±265’ of frontage along N 31st St.
    • Located in an area undergoing substantial redevelopment with mixed‑use zoning.
    • Signalized intersection at Airport Road and N 31st St.
    • Easily accessible to I‑35.
    • Less than a 15 minute drive to both the Baylor Scott & White Medical Center and the V.A. Hospital.

    Overview

    This retail space is situated along the 31st Street corridor, offering visibility and accessibility. The area is undergoing redevelopment, with mixed-use zoning that encourages retail, dining, and pedestrian-friendly spaces. Planned enhancements include a new library branch and expanded walking trails. The property has frontage of approximately 265 feet along N 31st St and benefits from a signalized intersection at Airport Road and N 31st St. It is easily accessible to I-35 and is less than a 10 minute walk to Temple High School and less than a 15 minute drive to both the Baylor Scott & White Medical Center and the V.A. Hospital. The property is zoned General Retail (GR) and has a size of 3931 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Chick-fil-A Take-out & Catering

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Temple
    County
    Bell
    State
    Texas
    Longitude
    -97.3572016
    Latitude
    31.1030753

    Nearby Similar for Lease

    • $1,500/Mo
      1,458 SF

      Temple, TX Commercial Space

      Office, daycare, or retail space available for rent.
      311 N 2nd Street, Temple, TX 76501
      View Details
    • $1,500/Mo
      1,956 SF

      Spacious Commercial Property Available Now

      Commercial property with ample space in a prime location.
      101 S 25th Street, Temple, TX 76504
      View Details
    • Contact for pricing
      3,000 SF

      retail-properties

      2945 Martin Luther King Jr Dr, Unit 1, Temple, TX 76504
      View Details
    • $1,500/Mo

      Versatile Space Available For Rent

      Office, daycare, and retail spaces available for rent.
      311 N 2nd St, Temple, TX 76501
      View Details
    • $1,250/Mo
      466 SF

      Temple Office Space Available

      Office space available for lease in Temple, Texas.
      1 E Central Ave, Temple, TX
      View Details
    • $1.80 SF/Yr
      3,073 SF

      Office Space in Mixed-Use Development

      Office suites for lease in Temple, TX, available March 2026.
      5709 S 31st St, Temple, TX
      View Details
    • $9 SF/Yr
      3,300 SF

      Downtown Temple Office/Retail Space

      3,300 SF office/retail space in downtown Temple for lease.
      12 S 4th St, Temple, TX
      View Details
    • $1.85 SF/Yr
      1,400 SF

      Move-In Ready Office Suite

      Professional office park suite available for immediate occupancy.
      855 Canyon Creek Dr, Temple, TX
      View Details
    • Contact for pricing
      3,710 SF

      Retail Space in Growing Corridor

      3,710 SF standalone building in shell condition for lease.
      5902 W ADAMS AVENUE, Temple, TX 76502
      View Details
    • $1.35 SF/Yr
      1,667 SF

      West Temple Retail/Office Space

      Highly visible retail or office space in West Temple, Texas.
      354 Green Hollow Dr, Temple, TX
      View Details
    • $0.72 SF/Yr
      2,580 SF

      Downtown Temple Two-Story Office Building

      Two-story office building in downtown Temple available for rent.
      15 W Central Ave, Temple, TX
      View Details
    • $1.75 SF/Yr
      1,888 SF

      Retail Space Near Temple, Texas

      New construction retail space in West Temple, near Wal-Mart.
      7011 Tanglehead Dr, Temple, TX
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space with high visibility in redeveloping area.
    Where is this retail space located?
    The property is located at 114 North 31st Street Temple, TX.
    What are key features of this property?
    This property features: Exceptional visibility and accessibility along the 31st Street corridor.; Boasts ±265’ of frontage along N 31st St.; Located in an area undergoing substantial redevelopment with mixed‑use zoning.
    (214) 252-1174
    We can help!
    Listing Contact
    Andrew Lehner
    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
    114 North 31st Street, Temple, TX, 76504
    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!