Restaurant and Showroom Investment
711 S 1st Street lot 1, Temple, TX 76504
For Sale
$695,000
Land, Temple, TX
Property Size3,600 SF
Lot Size0.25 Acres
Price / SF$193.06
Days on Market186
Property Features for 711 S 1st Street lot 1
General Information
Property type
Property subtype
Zoning description
Subdivision
Lot features
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Water source
Building Details
Additional Structures
Listing Agency:
Independence Commercial Real Estate, LLC.
(254) 239-9299
Listed By:
Allen Watson · License TX #0668998
(972) 989-7714
Added: May 12
Changed: Sep 16
Last Checked: Nov 13 at 11:06PM
MLS# 613464
Copyright © 2026 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This investment opportunity features two buildings: a restaurant and an adjacent showroom. The properties are currently leased, providing immediate income. The location offers excellent visibility and a strong traffic count. The property is situated on a lot of 0.2525 acres. The buildings total 3,600 square feet. Located in Temple, Texas, this property is suitable for investors seeking stable cash flow in a high-exposure location.
Key Highlights
- Immediate income from existing leases
- Two‑building investment opportunity (restaurant and showroom)
- Excellent visibility
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
Office A
$1.27M
$1.11M – $1.48M
NOI $88,646 @ 7.0% cap · market cap 12.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
775
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
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Cap Rate, Value Estimation, Potential NOI and more
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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 immediate income in high-traffic location.
Where is this showroom located?
The property is located at 711 S 1st Street lot 1 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); Excellent visibility
