Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    11 West Central Ave Temple, TX 76501

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1.75 SF/Yr

    Prime retail space in a great downtown location.

    Property size:
    840 SF
    Lot size:
    0.07 Acres

    Property Features for 11 West Central Ave

    General Information

    Size
    840 SF
    Lot size
    0.07 Acres

    We can help!

    Listing Contact
    Gregory D. Davis
    Source: Moodyscre

    Listing Agent: Gregory D. Davis

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Downtown Retail Space Available

    This retail space is located in a desirable downtown location on the main downtown square. The property offers excellent signage opportunities. The space provides 840 square feet of area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    O'Briens Irish Pub Irish Pub

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Temple
    County
    Bell
    State
    Texas
    Longitude
    -97.3414555
    Latitude
    31.0965847

    Nearby Similar for Lease

    • $500 /Mo
      180 SF

      Office Space in Belton

      Premium office space with parking and storage available for lease.
      5490 State Highway 317, Temple, TX 76503
      View Details
    • $700 /Mo
      608 SF

      Premium Office Space Available

      Office space for lease in Belton, Texas.
      5490 State Highway 317, Temple, TX 76503
      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 St, Temple, TX 76504
      View Details
    • $1,680 /Mo
      8,276 SF

      Temple, TX Office Space

      Established office space visible from Loop 363 in Temple.
      2905 Thornton Ln, Temple, TX 76502
      View Details
    • $3,900 /Mo
      2,028 SF

      Established Dental Office for Rent

      Dental office with five chairs in a serene location.
      2009 Birdcreek Ter, Temple, TX 76502
      View Details
    • Contact for pricing
      8,953 SF

      Remodeled Office Building with Highway Access

      Subdividable office building remodeled in 2023 with ample parking.
      1111 N General Bruce Dr, Temple, TX 76504
      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 76501
      View Details
    • Contact for pricing
      11,034 SF

      Retail Space in Mixed-Use Development

      Retail and restaurant spaces available in upcoming mixed-use community.
      7018 Xrd Way, Temple, TX
      View Details
    • Contact for pricing
      9,302 SF

      Retail Space in Mixed-Use Development

      Retail and restaurant spaces available in upcoming mixed-use community.
      7017 Xrd Way, Temple, TX
      View Details
    • Contact for pricing
      6,000 SF

      Renovated Historic Building in CBD

      Fully renovated 6,000 SF historic building in Central Business District.
      12 S Main St, Temple, TX 76501
      View Details
    • Contact for pricing
      4,629 SF

      Prime Temple Office Space

      Modern, turnkey office suites available.
      10154 Windy Pointe Dr, Temple, TX 76502
      View Details
    • $16 SF/Yr
      3,496 SF

      Temple Retail & Office Suites

      Prime Temple location, flexible suites available
      2010 H K Dodgen Loop, Temple, TX 76504
      View Details

    FAQs

    What type of property is this?
    Retail space - Prime retail space in a great downtown location.
    Where is this retail space located?
    The property is located at 11 West Central Ave Temple, TX.
    What is the lease rate?
    The lease rate is $1.75 SF/Yr.
    What are key features of this property?
    This property features: - Great downtown location; - On the "Main Downtown Square"; - Excellent signage opportunity
    (817) 482-3452
    Request Owner's contact information
    11 West Central Ave Temple, TX 76501
    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.
    11 West Central Ave
    Temple, TX 76501
    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
    11 West Central Ave Temple, TX 76501
    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

    We can help!
    Listing Contact
    Gregory D. Davis
    Real Estate License ID: TX0511146
    (817) 482-3452
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.