Versatile Retail Storefront
For Sale
Contact for pricing
2309 West Avenue M, Temple, TX 76504
Zoned GR and previously a hair salon, this storefront property suits a range of retail and service uses near I-35.
Property Size409 SF
Price / SF$244.50
Days on Market69
Property Features for 2309 West Avenue M
General Information
Standard status
Active
Size
409 SF
Property subtype
Retail, Mixed Use
Zoning
GENERAL RETAIL
Additional Details
Highway Access
Yes
Listing Agency:
Envision Realty Group
Listed By:
Kirk Regian, Broker · License #TX 635810
Source:
Crexi
Added: Jun 2
Changed: Aug 8
Last Checked: Jun 6 at 4:16AM
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 Envision Realty Group
Investment Insights
Based on property information with market context.
This retail storefront property is a former hair salon space, offering an adaptable interior for a variety of business concepts. It is zoned GR, providing flexibility for prospective tenants and buyers looking for a neighborhood-ready location with a retail/service configuration.
The property is located in Temple, TX and is described as being just minutes from I-35. The surrounding area includes established local businesses, with the listing noting steady traffic in the immediate vicinity, which can support day-to-day walk-in and local customer flow.
For buyers or operators, the combination of a prior salon buildout and GR zoning may reduce early planning hurdles when evaluating retail or service-oriented uses. Interested parties should review zoning and allowable uses for their specific concept. Please note the listing states that owner financing is not available.
The property is located in Temple, TX and is described as being just minutes from I-35. The surrounding area includes established local businesses, with the listing noting steady traffic in the immediate vicinity, which can support day-to-day walk-in and local customer flow.
For buyers or operators, the combination of a prior salon buildout and GR zoning may reduce early planning hurdles when evaluating retail or service-oriented uses. Interested parties should review zoning and allowable uses for their specific concept. Please note the listing states that owner financing is not available.
Key Highlights
- Storefront property previously operated as a hair salon
- Zoned GR for a variety of business uses
- Conveniently located just minutes from I‑35
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
$5,540
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
5.54%
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%
$110,800
$110.8K
Cap Rate 7%
$79,143
$79.1K
Cap Rate 9%
$61,556
$61.6K
Market Conditions
NOI Build-Up for 409 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
$8.4K $20.52/SF
− Vacancy
−$478 −$1.17/SF
EGI
$7.9K $19.35/SF
− OpEx
−$2.4K −$5.81/SF
NOI
$5.5K $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%
$110,800
Cap Rate 7%
$79,143
Cap Rate 9%
$61,556
Alternative Uses
Best Use
Retail
$79.1K
$69.3K – $92.3K
NOI $5,540 @ 7.0% cap · market cap 5.54%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$4.57M
$4.00M – $5.33M
NOI $319,614 @ 7.0% cap · market cap 319.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
848
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Retail space - Zoned GR and previously a hair salon, this storefront property suits a range of retail and service uses near I-35.
Where is this retail space located?
The property is located at 2309 West Avenue M Temple, TX.
What is the asking price?
The asking price for this property is $100,000.
What are key features of this property?
This property features: Storefront property previously operated as a hair salon; Zoned GR for a variety of business uses; Conveniently located just minutes from I‑35
