Downtown Temple Freestanding Office
For Sale
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303 W Calhoun Ave, Temple, TX 76501
Single-tenant office building in Temple's CBD, fully renovated in 2020.
Property Size13,080 SF
Lot Size1.27 Acres
Price / SF$173.94
Days on Market1959
Property Features for 303 W Calhoun Ave
General Information
Standard status
Active
Size
13,080 SF
Class
B
Lot size
1.27 Acres
Property subtype
Office
Zoning
CA
Occupancy
100%
Lease Type
Modified Gross
Investment Type
Stabilized
Net Operating Income
$137,082
Building Details
Year Built
1990
Year Renovated
2020
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Jirasek Realty
Listed By:
Jeremy Jirasek, ALC · License #TX 0594801-SA
Source:
Crexi
Added: Apr 23, 2021
Changed: Aug 23
Last Checked: Aug 29 at 7:15AM
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 Jirasek Realty
Investment Insights
Based on property information with market context.
This freestanding office building, located in Downtown Temple's CBD, offers approximately 13,080 square feet of space. The property underwent complete interior and exterior renovations in September 2020. Situated at West Calhoun Avenue, North 7th Street, and North 5th Street, the building is near Temple Fire & Rescue Central Station, KCEN-TV Station, ExtraCo Bank, Santa Fe Plaza, Temple EDC, Temple ISD Administration, and Temple City Hall. The property is within the Central Texas/Killeen-Temple-Ft. Hood region. The building is currently under a 10-year lease to MRB Group, with 7 years remaining. The lease features modified gross terms, a fixed rate for the first 5 years, and annual escalations in years 6-10. The property is considered a stabilized investment with a Class B designation and single tenancy. Built in 1990 and remodeled in Q3 2020, the building sits on an approximately 1.2672-acre lot (240' x 230') and is zoned CA-Central Area.
Key Highlights
- 100% Occupancy with a Stabilized Investment: Leased to MRB Group with 7 years remaining on a 10‑year lease.
- Attractive 6% Cap Rate: Offers a strong return on investment.
- Recent Renovations: Complete interior and exterior renovations were finished in Q3 2020.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,044
Businesses Nearby
Explore this area
Business Placement
Demographics for 76501, TX
16,987
Population
7,298
Households
2.3
Avg Household Size
39
Median Age
20%
College-Educated
86%
High-School Grad
118.2 sq mi
ZIP Area
144
Density / Sq Mi
$50,764
Median Household Income
$35,856
Median Earnings
$879
Median Rent
$151,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Single-tenant office building in Temple's CBD, fully renovated in 2020.
Where is this office building located?
The property is located at 303 W Calhoun Ave Temple, TX.
What is the asking price?
The asking price for this property is $2,275,100.
What are key features of this property?
This property features: 100% Occupancy with a Stabilized Investment: Leased to MRB Group with 7 years remaining on a 10‑year lease.; Attractive 6% Cap Rate: Offers a strong return on investment.; Recent Renovations: Complete interior and exterior renovations were finished in Q3 2020.
