Add Listing
    For Sale
    • 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

    3509 N 3rd St Temple, TX 76501

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Recently renovated industrial site with outside storage, leased for 3 years.

    Type:Industrial
    Property size:
    17,770 SF
    Lot size:
    3.98 Acres
    Added:
    Apr 18, 2023
    Days on Market:
    1103
    Last Refresh:
    Mar 17 at 1:24 pm

    Property Features for 3509 N 3rd St

    General Information

    Standard status
    Active
    Size
    17,770 SF
    Lot size
    3.98 Acres
    Property subtype
    Industrial

    Building Details

    Year Built
    1996

    We can help!

    Listing Contact
    Nick Terry, SIOR, CCIM

    Listing agent Nick Terry, SIOR, CCIM License #9008666

    Listing office Rifle CRE

    Listing date Apr 18, 2023

    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 Rifle CRE

    Overview

    Renovated Industrial Site on I-35

    The property at 3509 N 3rd Street in Temple, TX, is a recently renovated industrial site available for sale. It features over 17,000 square feet of improvements on 3.98 acres, fronting I-35. The site is fully fenced, gated, and stabilized. The front building, previously a heavy equipment dealer's showroom, is almost fully climate controlled with a drop ceiling. The rear building served as a service bay and is warehouse space only. Both buildings offer outside covered storage. The buildings feature new HVAC systems. The site is currently leased to Mastec, a Fortune 500 company, for the next 3 years.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Xiled Legends Esports Gym & Fitness Center

    Suggested Use

    Restaurant Real Estate Agency Building Supply Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Gym & Fitness Center Department Store Kitchen & Bath Showroom Food Market

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

    Similar Places Nearby

    • Brown Box Ninja-3PL | FBA Prep Services | Distribution Center | Warehouse Storage | Order Fulfillment — 611 E Avenue A, Temple, TX 76501
    • Ideal Self Storage - Temple — 114 N 27th St, Temple, TX 76504
    • My Garage Self Storage — 114 N 27th St, Temple, TX 76504
    • Mini Storage — 316 S 1st St, Temple, TX 76504
    • Self Storage — 6 S Main St, Temple, TX 76501

    Location Insight

    • Map
    • Local Demand
    City
    Temple
    County
    Bell
    State
    Texas
    Longitude
    -97.331797
    Latitude
    31.130228

    Nearby Similar for Sale

    • $740,000
      7,800 SF

      Temple Office Building For Sale

      Commercial building with private offices, conference room, and I-35 frontage.
      3606 Profit Place, Temple, TX 76502
      View Details
    • $199,999
      2,236 SF

      Versatile Commercial Mixed-Use Opportunity

      2,236 SF building in Temple, TX, ideal for investors.
      315 W Avenue M, Temple, TX 76504
      View Details
    • $215,000
      1,056 SF

      Temple Commercial Property For Sale

      Income-producing commercial property with an existing coffee shop tenant.
      201 S 31st Street, Temple, TX 76504
      View Details
    • $350,000
      2,979 SF

      Temple Multifamily Property For Sale

      Multifamily property in Temple, TX with recent upgrades.
      3806 Shallowford Road, Temple, TX 76502
      View Details
    • $260,000
      3,498 SF

      Versatile Commercial Property in Temple, TX

      Commercial property with warehouse functionality and retail visibility in Temple.
      605 S Martin Luther King Boulevard, Temple, TX 76504
      View Details
    • $1,029,000
      7,289 SF

      Temple Commercial Opportunity

      Historic building with redevelopment potential in thriving downtown Temple.
      119 W French Avenue, Temple, TX 76501
      View Details
    • $380,000
      2,642 SF

      Well-Maintained Duplex in Temple, TX

      Duplex near amenities, ideal for investment or owner-occupancy.
      275 Olaf Drive, Temple, TX 76504
      View Details
    • $380,000
      2,642 SF

      Well-Maintained Duplex in Temple, TX

      Duplex near amenities, ideal for investors or owner-occupants.
      279 Olaf Drive, Temple, TX 76504
      View Details
    • $380,000
      2,642 SF

      Temple Duplex: Investment Opportunity

      Well-maintained duplex near amenities, ideal for investors or owner-occupants.
      305 Olaf Drive, Temple, TX 76504
      View Details
    • $389,900
      2,644 SF

      New Duplex Investment Opportunity

      Modern duplex near hospitals and shopping, ideal for investors.
      1106 Zora Drive, Temple, TX 76504
      View Details
    • $389,900
      2,644 SF

      New Duplex Near Business District

      Modern duplex in Temple, TX, near business district and hospitals.
      1102 Zora Drive, Temple, TX 76504
      View Details
    • $412,500
      3,300 SF

      Downtown Temple Restaurant Opportunity

      Restaurant property with grease trap and walk-in cooler in Temple.
      8 S 1st Street, Temple, TX 76501
      View Details

    FAQs

    What type of property is this?
    Warehouse - Recently renovated industrial site with outside storage, leased for 3 years.
    Where is this warehouse located?
    The property is located at 3509 N 3rd St Temple, TX.
    What are key features of this property?
    This property features: Leased to Mastec (Fortune 500 #347) for the next 3 years, providing immediate income; Industrial outside storage site with over 17,000 SF of improvements on 3.98 acres; Fronts I‑35, offering high visibility and accessibility
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Nick Terry, SIOR, CCIM
    Real Estate License ID: 9008666
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!