Flex Space with Covered
For Sale
$750,000
13150 Moffat Road, Temple, TX 76502
Two metal buildings offer utility connections, perimeter fencing, and multiple access points for flexible commercial use.
Property Size3,962 SF
Price / SF$189.30
Days on Market9
Property Features for 13150 Moffat Road
General Information
Standard status
Active
Size
3,962 SF
Property subtype
CommercialSale
Site & Location
Fenced Yard
Yes
Utilities to Site
Yes
Amenities
high speed internet
Building Details
Buildings
2
Construction
metal
Listing Agency:
Texas Legends Realty
(254) 654-0090
Listed By:
Cher Hislop · License #0556816
(254) 654-0090
Source:
Cornerstone-properties
Added: Aug 20
Changed: Aug 28
Last Checked: Aug 28 at 7:04AM
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 Texas Legends Realty
Investment Insights
Based on property information with market context.
This Temple property includes two metal buildings totaling 3,962 square feet, with a covered pavilion between them and a covered front patio at Building 1. Building 1 has new concrete flooring, insulated membrane roofing, three garage roll-up doors, a 12-foot sliding door opening to the pavilion, multiple windows, and a front-patio entry. The buildings also include studded walls, electrical panels, some electrical wiring, exterior lighting, and water lines serving both structures and the surrounding property.
The site has a fenced perimeter, a newer concrete-and-metal fence along the right side, two drive-in gates, and tin-horn entryways. Water, electrical service, and a septic tank are located at the front of the property, where a mobile home was previously located. High-speed internet is available, and the property includes ample parking. The address is on Moffat Road in Temple and falls within Belton ISD.
The site has a fenced perimeter, a newer concrete-and-metal fence along the right side, two drive-in gates, and tin-horn entryways. Water, electrical service, and a septic tank are located at the front of the property, where a mobile home was previously located. High-speed internet is available, and the property includes ample parking. The address is on Moffat Road in Temple and falls within Belton ISD.
Key Highlights
- Two metal buildings totaling 3,962 square feet
- Covered pavilion between the buildings and covered front patio at Building 1
- Building 1 includes 3 garage roll‑up doors and a 12‑foot sliding door
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
$48,512
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
6.47%
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%
$970,240
$970.2K
Cap Rate 7%
$693,029
$693.0K
Cap Rate 9%
$539,022
$539.0K
Market Conditions
NOI Build-Up for 3,962 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
$79.4K $20.04/SF
− Vacancy
−$4.8K −$1.20/SF
EGI
$74.6K $18.84/SF
− OpEx
−$26.1K −$6.59/SF
NOI
$48.5K $12.24/SF
Area
Bell County, TX
Vacancy
6.00%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
35.00%
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%
$970,240
Cap Rate 7%
$693,029
Cap Rate 9%
$539,022
Alternative Uses
Best Use
Flex RnD
$693.0K
$606.4K – $808.5K
NOI $48,512 @ 7.0% cap · market cap 6.47%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$44.23M
$38.70M – $51.60M
NOI $3,096,113 @ 7.0% cap · market cap 412.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
17
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76502, TX
47,297
Population
19,497
Households
2.4
Avg Household Size
37
Median Age
37%
College-Educated
91%
High-School Grad
58.3 sq mi
ZIP Area
811
Density / Sq Mi
$80,504
Median Household Income
$45,332
Median Earnings
$1,411
Median Rent
$252,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Two metal buildings offer utility connections, perimeter fencing, and multiple access points for flexible commercial use.
Where is this flex space located?
The property is located at 13150 Moffat Road Temple, TX.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Two metal buildings totaling 3,962 square feet; Covered pavilion between the buildings and covered front patio at Building 1; Building 1 includes 3 garage roll‑up doors and a 12‑foot sliding door
