Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Office Lot in Waterford Park Title is generated by Realmo AI

    5242 S 31st St, Temple, TX

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Build-ready office lot near Baylor Scott & White.

    Type:LAND
    Lot size:
    0.79 Acres
    Added:
    Oct 26, 2021
    Days on Market:
    1657
    Last Refresh:
    Apr 5 at 8:41 pm

    Property Features for 5242 S 31st St

    General Information

    Standard status
    Active
    Lot size
    0.79 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Parker Helmig
    Parker Helmig

    Listing agent Parker Helmig License #705386

    Listing office Wedgewood Properties

    Listing date Oct 26, 2021

    Source Moodyscre

    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

    HighLights

    • Build‑ready office lot.
    • Includes a parking lot.
    • All offsite and public improvements are completed.
    • Located in Waterford Professional Park.
    • Close proximity to Baylor Scott & White.
    • Convenient access to S 31st St and TX‑363 Loop.

    Overview

    This build-ready office lot is situated in Waterford Professional Park, offering a location right off S 31st St, just south of the TX-363 Loop. The property benefits from close proximity to Baylor Scott & White. The lot includes a parking area, along with all offsite and public improvements already in place. The property is subject to POA dues of $2500 annually.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Temple
    County
    Bell
    State
    Texas
    Longitude
    -97.3792
    Latitude
    31.0513

    Nearby Similar for Sale

    • $740,000
      7,800 SF

      Temple Office Building For Sale

      Commercial building with private offices, conference room, and I-35 frontage.
      3606 Profit Place, Temple, TX 76502
      View Details
    • $199,999
      2,236 SF

      Versatile Commercial Mixed-Use Opportunity

      2,236 SF building in Temple, TX, ideal for investors.
      315 W Avenue M, Temple, TX 76504
      View Details
    • $599,900
      2,790 SF

      Highway Frontage Shop with Acreage

      Versatile commercial property with shop, acreage, and residential dwelling.
      310 Hruskaville Road, Temple, TX 76501
      View Details
    • $70,000
      240 SF

      Freestanding Salon in East Temple

      Freestanding salon in East Temple, part of historic district.
      211 S 10th Street, Temple, TX 76501
      View Details
    • $349,999
      2,616 SF

      Spacious Duplex in Temple, TX

      Duplex with granite countertops, stained concrete floors, and dedicated workspaces.
      5010 205 Loop, Temple, TX 76502
      View Details
    • $215,000
      1,056 SF

      Temple Commercial Property For Sale

      Income-producing commercial property with an existing coffee shop tenant.
      201 S 31st Street, Temple, TX 76504
      View Details
    • $350,000
      2,979 SF

      Temple Multifamily Property For Sale

      Multifamily property in Temple, TX with recent upgrades.
      3806 Shallowford Road, Temple, TX 76502
      View Details
    • $1,029,000
      7,289 SF

      Temple Commercial Opportunity

      Historic building with redevelopment potential in thriving downtown Temple.
      119 W French Avenue, Temple, TX 76501
      View Details
    • $380,000
      2,642 SF

      Well-Maintained Duplex in Temple, TX

      Duplex near amenities, ideal for investment or owner-occupancy.
      275 Olaf Drive, Temple, TX 76504
      View Details
    • $380,000
      2,642 SF

      Well-Maintained Duplex in Temple, TX

      Duplex near amenities, ideal for investors or owner-occupants.
      279 Olaf Drive, Temple, TX 76504
      View Details
    • $380,000
      2,642 SF

      Temple Duplex: Investment Opportunity

      Well-maintained duplex near amenities, ideal for investors or owner-occupants.
      305 Olaf Drive, Temple, TX 76504
      View Details
    • $389,900
      2,644 SF

      New Duplex Investment Opportunity

      Modern duplex near hospitals and shopping, ideal for investors.
      1106 Zora Drive, Temple, TX 76504
      View Details

    FAQs

    What type of property is this?
    Land - Build-ready office lot near Baylor Scott & White.
    Where is this land located?
    The property is located at 5242 S 31st St Temple, TX.
    What is the asking price?
    The asking price for this property is $162,200.
    What are key features of this property?
    This property features: Build‑ready office lot.; Includes a parking lot.; All offsite and public improvements are completed.
    (254) 778-0196 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Parker Helmig
    Parker Helmig
    Real Estate License ID: 705386
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5242 S 31st St, Temple, TX
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!