Industrial Office Flex
For Sale
Contact for pricing
4004 Bell Dr, Temple, TX 76502
Industrial office mix with secured lay down yard for operations needing both workspace and outdoor storage.
Property Size4,120 SF
Lot Size2.20 Acres
Price / SF$224.51
Days on Market99
Property Features for 4004 Bell Dr
General Information
Standard status
Active
Size
4,120 SF
Lot size
2.20 Acres
Property subtype
Industrial
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Listing Agency:
Cromwell Commercial Group
Listed By:
Stefan LeRow · License #590914
(254) 313-0000
Source:
Crexi
Added: Jun 16
Changed: Sep 21
Last Checked: Sep 21 at 4:42AM
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 Cromwell Commercial Group
Investment Insights
Based on property information with market context.
This property offers an industrial office flex configuration, combining workplace improvements with an outdoor secured lay down yard. The yard provides a dedicated area for equipment, staging, or other lay down needs alongside the office component.
The site is described as having easy access on I-35 and Loop 363, supporting convenient entry and movement for personnel and deliveries. The property is located at 4004 Bell Dr in Temple, Texas.
For buyers seeking an industrial setup with office space included, this mix can support tenants and users that need both functional workspace and a controlled outdoor area for day-to-day operations. The presence of a secured lay down yard makes the asset particularly relevant for businesses that handle materials or equipment that benefit from on-site staging and storage.
The site is described as having easy access on I-35 and Loop 363, supporting convenient entry and movement for personnel and deliveries. The property is located at 4004 Bell Dr in Temple, Texas.
For buyers seeking an industrial setup with office space included, this mix can support tenants and users that need both functional workspace and a controlled outdoor area for day-to-day operations. The presence of a secured lay down yard makes the asset particularly relevant for businesses that handle materials or equipment that benefit from on-site staging and storage.
Key Highlights
- Industrial office mix with a secured lay down yard
- Secured lay down yard spans 2.20 acres
- Easy access to I‑35 and Loop 363
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
$68,915
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
7.45%
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%
$1,378,300
$1.4M
Cap Rate 7%
$984,500
$984.5K
Cap Rate 9%
$765,722
$765.7K
Market Conditions
NOI Build-Up for 4,120 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
$126.6K $30.72/SF
− Vacancy
−$34.7K −$8.42/SF
EGI
$91.9K $22.30/SF
− OpEx
−$23.0K −$5.58/SF
NOI
$68.9K $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%
$1,378,300
Cap Rate 7%
$984,500
Cap Rate 9%
$765,722
Alternative Uses
Best Use
Office B
$984.5K
$861.4K – $1.15M
NOI $68,915 @ 7.0% cap · market cap 7.45%
Second Best
Flex RnD
$720.7K
$630.6K – $840.8K
NOI $50,447 @ 7.0% cap · market cap 5.45%
Theoretical Best
Multifamily LT 5
$45.99M
$40.24M – $53.66M
NOI $3,219,582 @ 7.0% cap · market cap 348.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
445
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial office mix with secured lay down yard for operations needing both workspace and outdoor storage.
Where is this flex space located?
The property is located at 4004 Bell Dr Temple, TX.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Industrial office mix with a secured lay down yard; Secured lay down yard spans 2.20 acres; Easy access to I‑35 and Loop 363
