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    219 Westfield Blvd Temple, TX 76502

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    For Lease
    Contact for pricing

    Modern Office Suites, Move-In Ready

    Lot size:
    4,675 SF

    Property Features for 219 Westfield Blvd

    General Information

    Property type
    Office Units
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,675 SF

    Building Details

    Year Built/Renovated
    2012/2024
    Buildings
    1

    Spaces For Lease

    at 219 Westfield Blvd, Temple, TX 76502 Contact us

    We can help!

    Listing Contact
    Parker Helmig
    Parker Helmig

    Listing Agency: Wedgewood Properties Listing Agent: Parker Helmig

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

    Learn more

    Property Insight Report

    Overview

    This exceptional office property, located at 219 Westfield in West Temple, offers two available suites totaling 4,675 square feet in a single, beautifully renovated building. Built in 2012 and completely renovated in 2024, the property boasts a turnkey condition, ready for immediate occupancy. Suite 100 encompasses a generous 3,849 square feet, including conditioned warehouse space, ideal for a variety of businesses. Suite 200 offers 826 square feet, perfectly suited for general office use or a creative studio. The minimum divisible space is 826 square feet, with a maximum contiguous space of 3,849 square feet. The property features two total suites within the building. This prime location in the rapidly growing West Temple area, situated on Westfield Boulevard just off West Adams Avenue, offers unparalleled convenience and accessibility. The Westfield Market neighborhood center, home to established businesses such as Domino's, Fuzzy's Tacos, and several other national chains, provides a vibrant and thriving commercial environment. Enjoy the added benefit of proximity to West Temple's hike and bike trails and the Crossroads Athletic Park. The property's APN is 431326, located in Bell County. This is a rare opportunity to secure modern, move-in ready office space in one of Temple/Belton's fastest-growing areas.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Woodward Creative Group Marketing & Advertising Kneading To Relax Alternative Medicine Practice bliss total skin ... Hair Salon

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Temple
    County
    Bell
    State
    Texas
    Longitude
    -97.422453161226
    Latitude
    31.12140251973

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    FAQs

    What type of property is this?
    Office units - Modern Office Suites, Move-In Ready
    Where is this office units located?
    The property is located at 219 Westfield Blvd Temple, TX.
    What are key features of this property?
    This property features: 4,675 SF office building with two suites available for lease.; Suites range from 826 SF to 3,849 SF.; Building features a 2024 renovation and is move-in ready.
    (254) 778-0196 Call to check price and availability
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    219 Westfield Blvd Temple, TX 76502
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    Temple, TX 76502
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    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
    219 Westfield Blvd Temple, TX 76502
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    Contact for Pricing
    Please call us for current price
    and status of this listing Parker Helmig
    Parker Helmig
    Real Estate License ID: 705386
    (254) 778-0196
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