Freestanding Salon Retail
For Sale
$70,000
211 S 10th Street, Temple, TX 76501
CommercialSale, Temple, TX
Property Size240 SF
Lot Size0.15 Acres
Price / SF$291.67
Days on Market111
Property Features for 211 S 10th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
SF3PD
Subdivision
Crawfords Add
Lot features
City Lot, Less Than Quarter Acre
Elementary school district
Temple ISD
Middle school district
Temple ISD
High school district
Temple ISD
Directions
From Downtown take East Avenue B to S 10th Street. Property on the East side of 10th at sign.
Standard status
Active
APN
111798 & 111803
Size
240 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CRAWFORD'S ADDITION, BLOCK 00E, LOT 0006 & CRAWFORD'S ADDITION, BLOCK 00E, LOT 0007
Legal Description
CRAWFORD'S ADDITION, BLOCK 00E, LOT 0006 & CRAWFORD'S ADDITION, BLOCK 00E, LOT 0007
Utilities
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1980
Floors in Building
1
Flooring type
Vinyl
Building materials
WoodSiding
Listing Agency:
Jirasek Realty
(254) 770-0996
Listed By:
Jeremy Jirasek · License #0594801
(254) 770-0996
Added: May 8
Changed: Aug 20
Last Checked: Aug 26 at 1:06PM
MLS# 613099
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 freestanding retail property includes a salon building measuring approximately 240 square feet. Constructed in 1980, the structure features wood siding, vinyl flooring, and window-unit cooling, with a small on-site parking area. Public water is available, with City of Temple trash and sewer service and Oncor Electric supplying the property.
The site is located in East Temple, southeast of Downtown Temple, within the African-American Churches Historic Neighborhood District. The parcel measures approximately 60 feet by 110 feet. Zoning is SF-3-PD and is currently non-conforming, while the designated future land use is Downtown Transition.
The site is located in East Temple, southeast of Downtown Temple, within the African-American Churches Historic Neighborhood District. The parcel measures approximately 60 feet by 110 feet. Zoning is SF-3-PD and is currently non-conforming, while the designated future land use is Downtown Transition.
Key Highlights
- +/-240 Sq.Ft. freestanding salon building
- 1980 construction with wood siding and vinyl flooring
- +/-60' x 110' site
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
Lease Details
Single-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,038
Businesses Nearby
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?
Retail space - Compact commercial building with public water, sewer, trash service, and Oncor Electric.
Where is this retail space located?
The property is located at 211 S 10th Street 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: +/-240 Sq.Ft. freestanding salon building; 1980 construction with wood siding and vinyl flooring; +/-60' x 110' site
