0 5Th St Temple, TX 76501
This exceptional 3.33-acre commercial land parcel in Temple, Texas, presents a remarkable investment opportunity. Located on 5th Street in Bell County (zip code 76501), this property is zoned for Commercial (C) and Office (O-2) uses, offering significant development potential. Priced at $761,537 ($1.83/sq ft), the land boasts a prime location in a rapidly expanding area of Temple, situated conveniently near major economic drivers. The property benefits from its proximity to Baylor Scott & White, the VA Hospital, Temple College, Texas A&M College of Medicine, and a thriving retail district on 31st Street. Furthermore, it's within a mile of the Temple Medical Education District (TMED), a community redevelopment project focused on long-term economic growth. The surrounding area is experiencing substantial growth, with the addition of three new apartment complexes (each over 250 units) and over 2,000 new homes planned within the next five years. This strategic location makes it ideal for retail establishments, neighborhood stores, or office developments, capitalizing on the increased residential population and the presence of major medical facilities and educational institutions. The property's proximity to Raye-Allen Elementary School, Friar's Creek Nature Trail, Lions Junction Family Water Park, and the South Temple Disc Golf Course adds to its appeal. This is a rare opportunity to acquire land in one of Temple's fastest-growing areas, poised for significant future appreciation. The property is easily accessible via IH 35, situated between Austin and Waco.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.