Multi-Room Storefront
For Sale
$218,900
2008 W Avenue M, Temple, TX 76504
CommercialSale, Temple, TX
Property Size1,458 SF
Lot Size0.16 Acres
Price / SF$150.14
Days on Market697
Property Features for 2008 W Avenue M
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Temple Heights
Lot features
Less Than Quarter Acre
Directions
Head North on S 31st St. Turn Left on to Ave M from 31st. Property will be on the right hand side.
Standard status
Active
APN
2175
Size
1,458 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
TEMPLE HEIGHTS, BLOCK 024, LOT 0012
Tax Annual Amount
2272
Legal Description
TEMPLE HEIGHTS, BLOCK 024, LOT 0012
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1990
Floors in Building
1
Flooring type
Tile
Building materials
BattsInsulation, WoodSiding
Listing Agency:
Vista Real Estate Group-Compass RE Texas, LLC
(254) 231-0209
Listed By:
Bret Friemel · License #0608976
(254) 541-2410
Added: Oct 3, 2024
Changed: Aug 20
Last Checked: Aug 30 at 9:06AM
MLS# 558759
Copyright © 2026 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,458-square-foot storefront property was built in 1990 and is currently operating as a salon. The interior includes multiple spacious rooms, tile flooring, electric heating, and electric central air conditioning. Wood siding and batt insulation are part of the construction, while public water and public sewer serve the building.
The property occupies 0.1607 acres at 2008 W Avenue M in Temple, positioned between I-35 and S. 31st St. Baylor Scott & White Medical Center is located down the street, with surrounding businesses, restaurants, and retail operations nearby. On-site parking includes a large parking area along with additional spaces near the building.
The property occupies 0.1607 acres at 2008 W Avenue M in Temple, positioned between I-35 and S. 31st St. Baylor Scott & White Medical Center is located down the street, with surrounding businesses, restaurants, and retail operations nearby. On-site parking includes a large parking area along with additional spaces near the building.
Key Highlights
- 1,458‑square‑foot storefront building on 0.1607 acres
- Currently configured and operating as a salon
- Multiple spacious interior rooms with tile flooring
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
$19,749
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
9.02%
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%
$394,980
$395.0K
Cap Rate 7%
$282,129
$282.1K
Cap Rate 9%
$219,433
$219.4K
Market Conditions
NOI Build-Up for 1,458 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
$29.9K $20.52/SF
− Vacancy
−$1.7K −$1.17/SF
EGI
$28.2K $19.35/SF
− OpEx
−$8.5K −$5.81/SF
NOI
$19.7K $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%
$394,980
Cap Rate 7%
$282,129
Cap Rate 9%
$219,433
Alternative Uses
Best Use
Retail
$282.1K
$246.9K – $329.2K
NOI $19,749 @ 7.0% cap · market cap 9.02%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$16.28M
$14.24M – $18.99M
NOI $1,139,357 @ 7.0% cap · market cap 520.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
871
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76504, TX
24,682
Population
11,068
Households
2.2
Avg Household Size
36
Median Age
20%
College-Educated
84%
High-School Grad
30.8 sq mi
ZIP Area
801
Density / Sq Mi
$50,420
Median Household Income
$35,753
Median Earnings
$1,106
Median Rent
$162,600
Median Home Value
Market
Vacancy Rate% for Retail 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?
Storefront property - Multi-room interior with tile flooring, central air, and public water and sewer accommodates varied commercial configurations.
Where is this storefront property located?
The property is located at 2008 W Avenue M Temple, TX.
What is the asking price?
The asking price for this property is $218,900.
What are key features of this property?
This property features: 1,458‑square‑foot storefront building on 0.1607 acres; Currently configured and operating as a salon; Multiple spacious interior rooms with tile flooring
