Freestanding Salon
For Sale
$70,000
211 S 10th St, Temple, TX 76501
Built in 1980, the property includes a small parking area and City of Temple water, trash, and sewer service.
Property Size240 SF
Price / SF$291.67
Days on Market55
Property Features for 211 S 10th St
General Information
Standard status
Active
Size
240 SF
Building Details
Year Built
1980
Listing Agency:
Jirasek Realty
Listed By:
Jeremy Jirasek, David Jirasek · License #0594801
(254) 770-0996
Source:
Ashbyregroup
Added: Jul 13
Changed: Aug 30
Last Checked: Sep 5 at 10:10AM
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 Jirasek Realty
Investment Insights
Based on property information with market context.
This freestanding salon property contains approximately 240 square feet and was built in 1980. The site measures approximately 60 feet by 110 feet and includes a small parking area. City of Temple water, trash, and sewer services are available, along with Oncor electric service.
Located at 211 S 10th Street in East Temple, the property sits within the African-American Churches Historic Neighborhood District, southeast of Downtown Temple. It carries SF-3-PD zoning with a current non-conforming status, while the designated future land use is Downtown Transition.
Located at 211 S 10th Street in East Temple, the property sits within the African-American Churches Historic Neighborhood District, southeast of Downtown Temple. It carries SF-3-PD zoning with a current non-conforming status, while the designated future land use is Downtown Transition.
Key Highlights
- Approximately 240 Sq.Ft. freestanding salon built in 1980
- Approximately 60’ x 110’ site
- Small on‑site parking area
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
$3,251
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
4.64%
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%
$65,020
$65.0K
Cap Rate 7%
$46,443
$46.4K
Cap Rate 9%
$36,122
$36.1K
Market Conditions
NOI Build-Up for 240 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
$4.9K $20.52/SF
− Vacancy
−$281 −$1.17/SF
EGI
$4.6K $19.35/SF
− OpEx
−$1.4K −$5.81/SF
NOI
$3.3K $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%
$65,020
Cap Rate 7%
$46,443
Cap Rate 9%
$36,122
Alternative Uses
Best Use
Retail
$46.4K
$40.6K – $54.2K
NOI $3,251 @ 7.0% cap · market cap 4.64%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$2.68M
$2.34M – $3.13M
NOI $187,548 @ 7.0% cap · market cap 267.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,038
Businesses Nearby
Under-served
Demand for This Use
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?
Storefront property - Built in 1980, the property includes a small parking area and City of Temple water, trash, and sewer service.
Where is this storefront property located?
The property is located at 211 S 10th St Temple, TX.
What is the asking price?
The asking price for this property is $70,000.
What are key features of this property?
This property features: Approximately 240 Sq.Ft. freestanding salon built in 1980; Approximately 60’ x 110’ site; Small on‑site parking area
