Restaurant and Showroom Investment
For Sale
$695,000
711 S 1st Street lot 1, Temple, TX 76504
LAND - Temple, TX
Property Size3,600 SF
Lot Size0.25 Acres
Price / SF$193.06
Days on Market96
Property Features for 711 S 1st Street lot 1
General Information
Property type
Land
Property subtype
Other
Zoning description
C
Subdivision
W S Chapman Add
Lot features
City Lot, Quarter To Half Acre Lot, Acreage
Elementary school district
Temple ISD
Middle school district
Temple ISD
High school district
Temple ISD
Directions
I-35 N bound Exit 301 towards downtown Temple, hit 1st Street and go South. Going south on 1st Street, Once you see Avenue G its twenty yards on your left.
Standard status
Active
APN
11791
Size
3,600 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
W S CHAPMAN ADDITION, BLOCK 003, LOT PT 1, 2, (S 50' OF 1 & N 50' OF 2)
Tax Annual Amount
2746
Legal Description
W S CHAPMAN ADDITION, BLOCK 003, LOT PT 1, 2, (S 50' OF 1 & N 50' OF 2)
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Additional Structures
Garage(s)
Listing Agency:
Independence Commercial Real Estate, LLC.
(254) 239-9299
Listed By:
Allen Watson · License #0668998
(972) 989-7714
Added: May 12
Last Checked: Aug 15 at 2:06AM
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.
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 = 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
$63,685
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
9.16%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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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
