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4200 S 5th St, Temple, TX 76502
1.45 acre lot near medical district, ideal for development.
Property Size1,458 SF
Lot Size1.45 Acres
Price / SF$325.79
Days on Market770
Property Features for 4200 S 5th St
General Information
Standard status
Active
Size
1,458 SF
Lot size
1.45 Acres
Property subtype
Retail
Zoning
General Retail
Listing Agency:
Central Realty Partners
(254) 791-8700
Listed By:
Scott Motsinger · License #TX 526810
Source:
Crexi
Added: Jul 23, 2024
Changed: Aug 13
Last Checked: Aug 30 at 10:43PM
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
Investment Insights
Based on property information with market context.
Located in Temple, Texas, along IH 35 between Austin and Waco, this 1.45-acre lot occupies a corner position at a busy intersection on the south side of Temple, an area experiencing growth. The property offers development potential due to its proximity to Baylor Scott & White, the VA Hospital, Temple College, Texas A&M College of Medicine, and the retail district on 31st Street. Nearby amenities include Raye-Allen Elementary School, Friar’s Creek Nature Trail, Lions Junction Family Water Park, and the South Temple Disc Golf Course. Adjacent to the Encore apartments and north of new neighborhood developments, the location is suitable for neighborhood stores or office use. A 1458 square foot home built in 1981 is present on the property, which could be converted to office space or demolished. The property is located within a few miles of the Temple Medical Education District (TMED), a redevelopment effort focused on the economic vitality of Temple. The area is experiencing rapid growth in new home construction. The site benefits from increased investment in south Temple and its proximity to major economic drivers for the community.
Key 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.
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
$24,388
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
5.13%
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%
$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
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
$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 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%
$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 5.13%
Second Best
Retail
$282.1K
$246.9K – $329.2K
NOI $19,749 @ 7.0% cap · market cap 4.16%
Theoretical Best
Multifamily LT 5
$16.28M
$14.24M – $18.99M
NOI $1,139,357 @ 7.0% cap · market cap 239.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
260
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?
Commercial land - 1.45 acre lot near medical district, ideal for development.
Where is this commercial land located?
The property is located at 4200 S 5th St Temple, TX.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 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.
