Two-Story Office
For Sale
Contact for pricing
2526 Blue Meadow Dr, Temple, TX 76502
Vacant professional office property with upgraded finishes, signage opportunities, and a practical multi-office layout.
Property Size4,200 SF
Lot Size0.37 Acres
Price / SF$198.81
Days on Market27
Property Features for 2526 Blue Meadow Dr
General Information
Standard status
Active
Size
4,200 SF
Lot size
0.37 Acres
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Office Units
11
Amenities
Lobby
Reception
Break Room
Large Storage Areas
Monument Signage
Building Signage
Building Details
Buildings
1
Stories
2
Building Size
4,200 SF
Listing Agency:
Wedgewood Properties
(254) 778-0196
Listed By:
Parker Helmig · License #705386
(254) 778-0196
Source:
Moodyscre
Added: Aug 6
Changed: Aug 16
Last Checked: Aug 30 at 10:34PM
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 Wedgewood Properties
Investment Insights
Based on property information with market context.
This vacant office property contains 4,200 SF across two levels, with 3,400 SF on the first floor and 800 SF upstairs. The interior includes 11 offices, large storage areas, two restrooms, a lobby, reception area, break room, and an executive office with built-in cabinets. The building is described as move-in ready and in great condition, with high-end finishes. The roof and 3 out of 4 HVAC units have been recently replaced.
The property sits on 0.37 acres within Bentwood Professional Park at 2526 Blue Meadow Drive in Temple. It is positioned near the S 31st Street corridor, with access to Loop 363 and I-35. Surrounding context includes medical facilities, residential neighborhoods, restaurants, retail, and professional services. Monument signage is available on S 31st Street, along with building signage facing the corridor.
The property sits on 0.37 acres within Bentwood Professional Park at 2526 Blue Meadow Drive in Temple. It is positioned near the S 31st Street corridor, with access to Loop 363 and I-35. Surrounding context includes medical facilities, residential neighborhoods, restaurants, retail, and professional services. Monument signage is available on S 31st Street, along with building signage facing the corridor.
Key Highlights
- 4,200 SF office building on 0.37 acres
- 3,400 SF first floor and 800 SF second floor
- 11 offices with large storage areas, lobby, reception, break room, and 2 restrooms
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
$70,254
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
8.41%
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%
$1,405,080
$1.4M
Cap Rate 7%
$1,003,629
$1.0M
Cap Rate 9%
$780,600
$780.6K
Market Conditions
NOI Build-Up for 4,200 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
$129.0K $30.72/SF
− Vacancy
−$35.4K −$8.42/SF
EGI
$93.7K $22.30/SF
− OpEx
−$23.4K −$5.58/SF
NOI
$70.3K $16.73/SF
Area
Bell County, TX
Vacancy
27.40%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
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%
$1,405,080
Cap Rate 7%
$1,003,629
Cap Rate 9%
$780,600
Alternative Uses
Best Use
Office B
$1.00M
$878.2K – $1.17M
NOI $70,254 @ 7.0% cap · market cap 8.41%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$46.89M
$41.03M – $54.70M
NOI $3,282,098 @ 7.0% cap · market cap 393.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
11
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
128
Businesses Nearby
Explore this area
Business Placement
Demographics for 76502, TX
47,297
Population
19,497
Households
2.4
Avg Household Size
37
Median Age
37%
College-Educated
91%
High-School Grad
58.3 sq mi
ZIP Area
811
Density / Sq Mi
$80,504
Median Household Income
$45,332
Median Earnings
$1,411
Median Rent
$252,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Vacant professional office property with upgraded finishes, signage opportunities, and a practical multi-office layout.
Where is this office building located?
The property is located at 2526 Blue Meadow Dr Temple, TX.
What is the asking price?
The asking price for this property is $835,000.
What are key features of this property?
This property features: 4,200 SF office building on 0.37 acres; 3,400 SF first floor and 800 SF second floor; 11 offices with large storage areas, lobby, reception, break room, and 2 restrooms
