Masonry Office
311 N 2nd Street, Temple, TX 76501
For Sale
$275,000
CommercialSale, Temple, TX
Property Size1,458 SF
Lot Size0.19 Acres
Price / SF$188.61
Days on Market96
Property Features for 311 N 2nd Street
General Information
Property type
Property subtype
Subdivision
Lot features
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
on demand hot water
patio
storage
kitchen
Building Details
Year built
Floors in Building
Flooring type
Building materials
Listing Agency:
Hometown Realty
Listed By:
Jack Folsom · License #0498936
(254) 760-4465
Added: Aug 6
Changed: Oct 27
Last Checked: Nov 9 at 4:06AM
MLS# 621852
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.
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Investment Insights
Based on property information with market context.
This 1,458-square-foot office property was built in 1984 with masonry construction and hardwood flooring. The interior includes multiple office areas, a kitchen, and dedicated storage, while the property also offers a patio and on-demand hot water. Central air conditioning and electric heating support year-round use.
Public water and public sewer serve the building. The property is located at 311 N 2nd Street in Temple, Texas, within ZIP Code 76501. Its existing office layout and supporting features provide a practical foundation for professional occupancy or other office-oriented commercial use.
Public water and public sewer serve the building. The property is located at 311 N 2nd Street in Temple, Texas, within ZIP Code 76501. Its existing office layout and supporting features provide a practical foundation for professional occupancy or other office-oriented commercial use.
Key Highlights
- 1,458 SF office property built in 1984
- Masonry construction with hardwood flooring
- Multiple office areas with kitchen and dedicated storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,388
Cap Rate
8.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$487,760
$487.8K
Cap Rate 7%
$348,400
$348.4K
Cap Rate 9%
$270,978
$271.0K
Market Conditions
NOI Build-Up for 1,458 SF
Gross rent
$44.8K $30.72/SF
− Vacancy
−$12.3K −$8.42/SF
EGI
$32.5K $22.30/SF
− OpEx
−$8.1K −$5.58/SF
NOI
$24.4K $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 Rate 5%
$487,760
Cap Rate 7%
$348,400
Cap Rate 9%
$270,978
Alternative Uses
Best Use
Office B
$348.4K
$304.9K – $406.5K
NOI $24,388 @ 7.0% cap · market cap 8.87%
Second Best
Healthcare Medical
$245.6K
$214.9K – $286.6K
NOI $17,193 @ 7.0% cap · market cap 6.25%
Theoretical Best
Multifamily LT 5
$16.28M
$14.24M – $18.99M
NOI $1,139,357 @ 7.0% cap · market cap 414.31%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
976
Businesses Nearby
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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
$151,000
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Bell County, TX
Properties on Market for Office Units in Bell County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Single-story commercial space includes private offices, a kitchen, storage, and an outdoor patio.
Where is this office unit located?
The property is located at 311 N 2nd Street Temple, TX.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 1,458 SF office property built in 1984; Masonry construction with hardwood flooring; Multiple office areas with kitchen and dedicated storage
