4200 S 5th St, Temple, TX 76502
1.45 acre lot near medical district, ideal for development.
- Added:
- Jul 23, 2024
- Days on Market:
- 717
- Last Refresh:
- Jul 5 at 7:39 am
Property Features for 4200 S 5th St
General Information
- Standard status
- Active
- Size
- 1,458 SF
- Lot size
- 1.45 Acres
- Property subtype
- Retail
Listing office Central Realty Partners (254) 791-8700
Listing date Jul 23, 2024
Source Crexi
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 Central Realty Partners
HighLights
- 1.45 acre lot at a busy intersection in a high‑growth area of South Temple.
- Close proximity to major economic drivers: Baylor Scott & White, VA Hospital, Temple College, Texas A&M College of Medicine, and the 31st Street retail district.
- Extraordinary development potential for neighborhood stores or office use.
- Adjacent to new Encore apartments and near new neighborhood developments.
- Located within a few miles of the Temple Medical Education District (TMED).
- Includes a 1458 sf home (built in 1981) that can be converted or demoed.
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.8k | $30.72 |
| − Vacancy | −$12.3k | −$8.42 |
| EGI | $32.5k | $22.30 |
| − OpEx | −$8.1k | −$5.58 |
| NOI | $24.4k | $16.73 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Temple
- County
- Bell
- State
- Texas
- Longitude
- -97.359741
- Latitude
- 31.057108