For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Corner Lot in Temple Title is generated by Realmo AI

    4200 S 5th St, Temple, TX 76502

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    1.45 acre lot near medical district, ideal for development.

    Type:Retail
    Property size:
    1,458 SF
    Lot size:
    1.45 Acres
    Price / SF:
    $325/SF
    Added:
    Jul 23, 2024
    Days on Market:
    717
    Last Refresh:
    Jul 5 at 7:39 am

    Property Features for 4200 S 5th St

    General Information

    Standard status
    Active
    Size
    1,458 SF
    Lot size
    1.45 Acres
    Property subtype
    Retail

    We can help!

    Contact an agent
    Scott Motsinger
    Scott Motsinger

    Listing office Central Realty Partners

    Listing date Jul 23, 2024

    Source Crexi

    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

    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.
    • Adjacent to new Encore apartments and near new neighborhood developments.
    • Located within a few miles of the Temple Medical Education District (TMED).
    • Includes a 1458 sf home (built in 1981) that can be converted or demoed.

    Overview

    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.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $44.8k $30.72
    − Vacancy −$12.3k −$8.42
    EGI $32.5k $22.30
    − OpEx −$8.1k −$5.58
    NOI $24.4k $16.73
    1,458 SF · lease $30.72/SF/yr · vacancy 27.40% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $348.4K
    $304.9K – $406.5K (±1% cap)
    NOI $24,388 @ 7.0% cap · market cap 5.13%
    Second Best
    Retail
    $282.1K
    $246.9K – $329.2K (±1% cap)
    NOI $19,749 @ 7.0% cap · market cap 4.16%
    Theoretical Best
    Multifamily LT 5
    $16.28M
    $14.24M – $18.99M (±1% cap)
    NOI $1,139,357 @ 7.0% cap · market cap 239.86%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Building Supply Law Firm Auto Repair Shop Kitchen & Bath Showroom HVAC Service Restaurant Electrical Service Big Box & Wholesale Store Garden Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Temple
    County
    Bell
    State
    Texas
    Longitude
    -97.359741
    Latitude
    31.057108

    FAQs

    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.
    (254) 791-8700 Call to check price and availability
    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