Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    102 Central Ave Temple, TX 76501

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Modern Office Space, Temple, Texas

    Lot size:
    10,831 SF

    Property Features for 102 Central Ave

    General Information

    Property type
    Coworking space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,831 SF

    Building Details

    Year Built/Renovated
    1940/2023

    Spaces For Lease

    at 102 Central Ave, Temple, TX 76501 Contact us
    Unit All Spaces

    $22 /Mo

    Size
    1,975 SF
    Contact us

    We can help!

    Listing Contact
    Joshua Barrett
    Joshua Barrett

    Listing Agency: Turner Brothers Real Estate Listing Agent: Joshua Barrett

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This newly renovated 1940s building, located at 102 E Central Ave, Temple, TX 76501, offers a variety of flexible office spaces ideal for businesses of all sizes. The Hawn West building features seven total suites, ranging from a minimum of 807 square feet to a maximum contiguous space of 1,975 square feet. Multiple tenancy options are available, catering to businesses seeking smaller executive offices, larger traditional office spaces, creative work environments, or medical office setups. The building also accommodates coworking arrangements. The property underwent a complete renovation in 2023, offering modern amenities within a historically significant structure. This prime location in Temple, Texas provides easy access to local amenities and transportation. The building is part of a larger adaptive reuse project that includes residential apartments, commercial retail spaces, restaurants, and a multi-purpose event hall, creating a vibrant live-work-play community. Inquire today for pricing and availability.
    Property Profile Location Intelligence

    Current Use by Public Records

    Central Texas Council State Government Office

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center 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
    -97.340222011184
    Latitude
    31.096392659643

    Nearby Similar for Lease

    • $1,500 /Mo
      1,956 SF

      Spacious Commercial Property Available Now

      Commercial property with ample space in a prime location.
      101 S 25Th St, Temple, TX 76504
      View Details
    • $700 /Mo
      608 SF

      Premium Office Space Available

      Office space for lease in Belton, Texas.
      5490 State Highway 317, Temple, TX 76503
      View Details
    • $500 /Mo
      180 SF

      Office Space in Belton

      Premium office space with parking and storage available for lease.
      5490 State Highway 317, Temple, TX 76503
      View Details
    • $3,900 /Mo

      Established Dental Office Space Available

      Dental office with five chairs in a serene location.
      2009 Birdcreek Ter, Temple, TX 76502
      View Details
    • $9 SF/Yr
      3,300 SF

      Downtown Temple Office/Retail Space

      3,300 SF office/retail space in downtown Temple for lease.
      12 S 4Th St, Temple, TX 76501
      View Details
    • $13 SF/Yr
      3,200 SF

      Retail Space in TMED District

      3,200 Sq. Ft. retail space for lease.
      1317 S 1St St, Temple, TX 76501
      View Details
    • $1,250 /Mo
      466 SF

      Temple Office Space Available

      Office space available for lease in Temple, Texas.
      1 E Central Ave, Temple, TX 76501
      View Details
    • $500 /Mo

      Belton Office Space For Rent

      Office space with parking in premium Belton building.
      5490 Hwy 317 Hwy 300, Temple, TX 76503
      View Details
    • $700 /Mo

      Belton Office Space For Rent

      Office space in Belton with parking and storage.
      5490 200, Temple, TX 76503
      View Details
    • $700 /Mo

      Belton Office Space For Rent

      Office space with parking in Belton premium building.
      5490 Hwy 317 Hwy 200, Temple, TX 76513
      View Details
    • $600 /Mo

      Belton Office Space For Rent

      Office space available in Belton with ample parking.
      5490 Hwy 317 Hwy, Temple, TX 76513
      View Details
    • Contact for pricing
      3,250 SF

      Retail Space Near Temple High

      Retail and restaurant space available near IH-35 and school.
      503 N General Bruce Dr, Temple, TX 76504
      View Details

    FAQs

    What type of property is this?
    Coworking space - Modern Office Space, Temple, Texas
    Where is this coworking space located?
    The property is located at 102 Central Ave Temple, TX.
    What is the lease rate?
    The lease rate is $0.00-$22 SF/Yr.
    What are key features of this property?
    This property features: Newly renovated 1940s building at 102 E Central Ave, Temple, TX.; Seven suites available, ranging from 807 to 1,975 square feet.; Flexible office spaces suitable for various business types, including coworking.
    (254) 759-8027 Call to check price and availability
    Request Owner's contact information
    102 Central Ave Temple, TX 76501
    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.
    102 Central Ave
    Temple, TX 76501
    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
    102 Central Ave Temple, TX 76501
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Joshua Barrett
    Joshua Barrett
    Real Estate License ID: 736690
    (254) 759-8027
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!