Restaurant and Showroom Investment
For Sale
$695,000
711 S 1ST TEMPLE TX 76504, Temple, TX 76504
Two-building investment with restaurant and showroom, both currently leased.
Property Size3,600 SF
Price / SF$193.06
Days on Market157
Property Features for 711 S 1ST TEMPLE TX 76504
General Information
Standard status
Active
Size
3,600 SF
Property subtype
Acreage
Listing Agency:
Independence Commercial Real Estate, LLC.
(254) 239-9299
Listed By:
Allen Watson · License #0668998
(972) 989-7714
Source:
Kwsanantonio
Added: May 12
Changed: Oct 3
Last Checked: Oct 14 at 7:35PM
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 Independence Commercial Real Estate, LLC.
Investment Insights
Based on property information with market context.
This is a two-building investment opportunity featuring a restaurant and an adjacent showroom. Both properties are currently leased, providing immediate income. The location offers excellent visibility and a strong traffic count. This property is suited for investors seeking stable cash flow in a high-exposure location. The bike score is 42, indicating it is somewhat bikeable, and the walk score is 42, indicating car-dependent accessibility.
Key Highlights
- Immediate income from existing leases.
- Two‑building investment opportunity.
- Restaurant and showroom property types.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,685
Cap Rate
9.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,273,700
$1.3M
Cap Rate 7%
$909,786
$909.8K
Cap Rate 9%
$707,611
$707.6K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$89.9K $24.96/SF
− Vacancy
−$4.9K −$1.37/SF
EGI
$84.9K $23.59/SF
− OpEx
−$21.2K −$5.90/SF
NOI
$63.7K $17.69/SF
Area
Bell County, TX
Vacancy
5.50%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,273,700
Cap Rate 7%
$909,786
Cap Rate 9%
$707,611
Alternative Uses
Best Use
Specialty Retail
$909.8K
$796.1K – $1.06M
NOI $63,685 @ 7.0% cap · market cap 9.16%
Second Best
Retail
$696.6K
$609.5K – $812.7K
NOI $48,763 @ 7.0% cap · market cap 7.02%
Theoretical Best
Multifamily LT 5
$40.19M
$35.17M – $46.89M
NOI $2,813,227 @ 7.0% cap · market cap 404.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
834
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 76504, TX
24,682
Population
11,068
Households
2.2
Avg Household Size
36
Median Age
20%
College-Educated
84%
High-School Grad
30.8 sq mi
ZIP Area
801
Density / Sq Mi
$50,420
Median Household Income
$35,753
Median Earnings
$1,106
Median Rent
$162,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Showroom - Two-building investment with restaurant and showroom, both currently leased.
Where is this showroom located?
The property is located at 711 S 1ST TEMPLE TX 76504 Temple, TX.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Immediate income from existing leases.; Two‑building investment opportunity.; Restaurant and showroom property types.
