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    3509 3Rd St Temple, TX 76501

    For Sale
    Contact for pricing

    17,770 SF, I-35 Frontage, Value-Add Opportunity

    Property size:
    17,770 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional value-add industrial property, located at 3509 N 3rd St, Temple, TX 76501, presents a compelling investment opportunity. The 17,770-square-foot facility sits on a 3.98-acre lot, boasting 300 feet of frontage on I-35, a high-traffic artery with over 80,000 cars passing daily. Currently 100% occupied by a Fortune 500 tenant (Mastec) under a modified lease with a corporate guarantee, the property offers a stable income stream. The lease commenced July 1, 2024, and expires June 30, 2027, with a remaining term of approximately 2.6 years. The lease includes 3.5% annual base rent increases. The property features two single-story buildings, constructed in 1996 and extensively renovated in 2023. Improvements include a climate-controlled showroom/office area with new HVAC systems, eight 12x12 grade-level doors, and a robust 208/120v 400a, 3-phase/4-wire electrical service. The property is fully fenced and gated, offering ample outside storage. The zoning is LI. The property's features, prime location, and strong tenant make it an attractive investment with a 5.30% cap rate. One lease option exists at market rate. The APN is 70567. This is a rare opportunity to acquire a well-located, high-traffic industrial property with significant upside potential.

    Property Features for 3509 3Rd St

    General Information

    Property type
    Distribution properties
    Square Feet
    17,770 SF
    Class
    B
    Lot Size
    173,369 SF

    Building Details

    Year Built/Renovated
    1996/2023
    Buildings
    2
    Stories
    1

    HighLights

    • 17,770 SF industrial property on 3.98 acres in Temple, TX.
    • Fortune 500 tenant (Mastec) under a 3‑year lease commencing July 1, 2024, with 3.5% annual rent bumps.
    • 100% occupancy, offering a 5.30% cap rate.
    • Property features 300' of I‑35 frontage, eight 12x12 grade‑level doors, and a 208/120v 400a, 3‑phase electrical service.
    • Includes climate‑controlled showroom/office space and warehouse with new HVAC systems.
    • Recently renovated (2023) Class B building, built in 1996, with one story and two buildings.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Xiled Legends Esports Sports Complex

    Suggested Use

    Restaurant Realty agency Building Supply Wholesale Shop Auto Repair Shop Hotel & Motel Gym & Fitness Department Store Kitchen & Bath Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Temple
    County
    Bell
    State
    Texas
    Longitude
    -97.3320812
    Latitude
    31.1302232

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    FAQs

    What type of property is this?
    Distribution property - 17,770 SF, I-35 Frontage, Value-Add Opportunity
    Where is this distribution property located?
    The property is located at 3509 3Rd St Temple, TX.
    What are key features of this property?
    This property features: 17,770 SF industrial property on 3.98 acres in Temple, TX.; Fortune 500 tenant (Mastec) under a 3-year lease commencing July 1, 2024, with 3.5% annual rent bumps.; 100% occupancy, offering a 5.30% cap rate.
    Request Owner's contact information
    3509 3Rd St Temple, TX 76501
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    Realmo Value Estimation

    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.

    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.

    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
    3509 3Rd St Temple, TX 76501
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