Corner Retail Coffee Shop
For Sale
$189,900
201 S 31st Street, Temple, TX 76504
Leased coffee shop on a high-visibility corner lot with access to major Temple roadways and Interstate 35.
Property Size1,056 SF
Lot Size0.16 Acres
Price / SF$179.83
Days on Market125
Property Features for 201 S 31st Street
General Information
Standard status
Active
Size
1,056 SF
Lot size
0.16 Acres
Property subtype
CommercialSale
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
7.2%
Building Details
Tenancy
Single
Listing Agency:
Two Lakes Real Estate
(254) 415-4040
Listed By:
Blake Lufburrow · License #0686366
(254) 780-5466
Source:
Cornerstone-properties
Added: May 8
Changed: Sep 8
Last Checked: Aug 25 at 9:45AM
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 Two Lakes Real Estate
Investment Insights
Based on property information with market context.
201 S 31st St is a small-format commercial building currently leased to an operating coffee shop tenant through June 30, 2028. The property is positioned as income-producing, with scheduled lease income already in place and the option for future owner-occupancy, repositioning, or redevelopment.
The site sits on a high-visibility corner lot with convenient access to S 31st Street, W Adams Avenue, W Central Avenue, and Interstate 35, supporting connectivity to Downtown Temple, West Temple, Belton, and the broader Central Texas region. The surrounding area includes demand drivers such as Baylor Scott & White Health and Temple High School, along with established retail corridors and residential neighborhoods.
The approximately 1,056-square-foot building is located on a 0.16-acre parcel and offers long-term flexibility for a variety of future uses, including retail, office, café, or service-oriented concepts.
The site sits on a high-visibility corner lot with convenient access to S 31st Street, W Adams Avenue, W Central Avenue, and Interstate 35, supporting connectivity to Downtown Temple, West Temple, Belton, and the broader Central Texas region. The surrounding area includes demand drivers such as Baylor Scott & White Health and Temple High School, along with established retail corridors and residential neighborhoods.
The approximately 1,056-square-foot building is located on a 0.16-acre parcel and offers long-term flexibility for a variety of future uses, including retail, office, café, or service-oriented concepts.
Key Highlights
- 1,056 SF commercial building on a 0.16‑acre corner lot, built in 1927
- Leased to an operating coffee shop tenant through June 30, 2028
- Current income is $1,726 per month with scheduled lease term in place
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
$14,304
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
7.53%
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%
$286,080
$286.1K
Cap Rate 7%
$204,343
$204.3K
Cap Rate 9%
$158,933
$158.9K
Market Conditions
NOI Build-Up for 1,056 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
$21.7K $20.52/SF
− Vacancy
−$1.2K −$1.17/SF
EGI
$20.4K $19.35/SF
− OpEx
−$6.1K −$5.81/SF
NOI
$14.3K $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%
$286,080
Cap Rate 7%
$204,343
Cap Rate 9%
$158,933
Alternative Uses
Best Use
Specialty Retail
$266.9K
$233.5K – $311.4K
NOI $18,681 @ 7.0% cap · market cap 9.84%
Second Best
Retail
$204.3K
$178.8K – $238.4K
NOI $14,304 @ 7.0% cap · market cap 7.53%
Theoretical Best
Multifamily LT 5
$11.79M
$10.32M – $13.75M
NOI $825,213 @ 7.0% cap · market cap 434.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
634
Businesses Nearby
Well-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.
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Frequently Asked Questions
What type of property is this?
Coffee shop - Leased coffee shop on a high-visibility corner lot with access to major Temple roadways and Interstate 35.
Where is this coffee shop located?
The property is located at 201 S 31st Street Temple, TX.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: 1,056 SF commercial building on a 0.16‑acre corner lot, built in 1927; Leased to an operating coffee shop tenant through June 30, 2028; Current income is $1,726 per month with scheduled lease term in place
