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 Market153
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
(903) 721-5783
Source:
Commercialcafe
Added: May 27
Changed: Oct 25
Last Checked: Oct 24 at 1:50PM
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
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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 / Yr
$43,345
Cap Rate
6.77%
Suggested Prices Based on Cap Rates
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
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 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.
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Current Use
Location Intelligence
Trade Area within ½ mile
193
Businesses Nearby
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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
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Market
Vacancy Rate% for Retail in South region
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
