Building Details

Year Built 1980

Listing Agency: Jirasek Realty

Listed By: Jeremy Jirasek, David Jirasek · License #0594801 Show Phone

Source: Ashbyregroup

Added: Jul 13 Changed: Oct 10 Last Checked: Oct 7 at 1:57PM

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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

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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.

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 / Yr

$3,251

Cap Rate

4.64%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$65,020 $65.0K

Cap Rate 7%

$46,443 $46.4K

Cap Rate 9%

$36,122 $36.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 240 SF

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 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 (±1% cap)

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 (±1% cap)

NOI $187,548 @ 7.0% cap · market cap 267.93%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Mr G’s V.I.P. ... Barber Shop

Suggested Use

Top Pick Dental Office Real Estate Agency Pharmacy (Bike/Boat/Book/etc) Store Parking Lot & Garage Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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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