Repositioned Retail
For Sale
$640,000
1317 S 1st St, Temple, TX 76501
Single or multi-tenant retail center offered in cold dark shell condition.
Property Size3,200 SF
Days on Market105
Property Features for 1317 S 1st St
General Information
Standard status
Active
Size
3,200 SF
Property subtype
Other
Building Details
Building Size
3,200 SF
Listing Agency:
Coldwell Banker Commercial Apex, Realtors
Listed By:
Jordan Beard
(254) 776-0000
Source:
Commercialcafe
Added: May 27
Changed: Sep 8
Last Checked: Sep 8 at 8:43AM
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 Coldwell Banker Commercial Apex, Realtors
Investment Insights
Based on property information with market context.
This repositioned retail center offers approximately 3,200 SF of single or multi-tenant retail space and is currently presented in cold dark shell condition. The property was originally built in 1947 and repositioned in 2025, with negotiable TI allowances available to support tenant improvements.
Located near Temple’s downtown and medical districts, the center is positioned for retail or service-oriented users serving surrounding residential neighborhoods. Access to major retail corridors is described as convenient, supporting a range of neighborhood retail uses.
The space is available for sale and configured for flexibility between single and multiple tenants, subject to tenant improvement planning under the available allowance terms.
Located near Temple’s downtown and medical districts, the center is positioned for retail or service-oriented users serving surrounding residential neighborhoods. Access to major retail corridors is described as convenient, supporting a range of neighborhood retail uses.
The space is available for sale and configured for flexibility between single and multiple tenants, subject to tenant improvement planning under the available allowance terms.
Key Highlights
- 3,200 SF single or multi‑tenant retail center near Temple’s downtown and medical districts
- Originally built in 1947 and repositioned in 2025
- Offered in cold dark shell condition
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
$43,345
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
6.77%
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%
$866,900
$866.9K
Cap Rate 7%
$619,214
$619.2K
Cap Rate 9%
$481,611
$481.6K
Market Conditions
NOI Build-Up for 3,200 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
$65.7K $20.52/SF
− Vacancy
−$3.7K −$1.17/SF
EGI
$61.9K $19.35/SF
− OpEx
−$18.6K −$5.81/SF
NOI
$43.3K $13.55/SF
Area
Bell County, TX
Vacancy
5.70%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
30.00%
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%
$866,900
Cap Rate 7%
$619,214
Cap Rate 9%
$481,611
Alternative Uses
Best Use
Retail
$619.2K
$541.8K – $722.4K
NOI $43,345 @ 7.0% cap · market cap 6.77%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$35.72M
$31.26M – $41.68M
NOI $2,500,646 @ 7.0% cap · market cap 390.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
193
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Single or multi-tenant retail center offered in cold dark shell condition.
Where is this retail space located?
The property is located at 1317 S 1st St Temple, TX.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: 3,200 SF single or multi‑tenant retail center near Temple’s downtown and medical districts; Originally built in 1947 and repositioned in 2025; Offered in cold dark shell condition
