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    2727 Exchange Pl Temple, TX 76504

    Sponsored
    For Lease
    $21 SF/Yr ($14,862 /Mo)

    Modern suites, prime Temple location.

    Lot size:
    8,493 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    410
    This newly remodeled, single-story building at 2727 Exchange Pl, Temple, TX 76504 offers 8,493 square feet of versatile retail and office space. Five suites are available, ranging from 917 to 3,033 square feet, suitable for traditional, creative, or medical office uses. The property boasts 41 parking spaces and is zoned GR-CUP, ensuring ample parking and flexibility for various business types. Completely renovated in 2024, the shell spaces are move-in ready, with build-out of Suites 120 and 140 anticipated to commence in November 2024. The building enjoys a highly visible location, providing excellent exposure for businesses. Its convenient access to Loop 363 and IH-35, coupled with its proximity to Baylor Scott and White Hospital's Main Campus and McLane's Children's Hospital, makes it an ideal location for businesses seeking high visibility and convenient access to major transportation routes and medical facilities. The property's APN is 1366. This is a fantastic opportunity to establish or expand your business in a thriving Temple location.

    Property Features for 2727 Exchange Pl

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,493 SF
    Total Rate
    14862.75

    Building Details

    Year Renovated
    2024
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 120
    Size
    917 SF
    Rate per SF
    $21
    Space
    Suite 140
    Size
    917 SF
    Rate per SF
    $21
    Space
    Suite 110
    Size
    1,813 SF
    Rate per SF
    $21
    Space
    Suite 130
    Size
    3,033 SF
    Rate per SF
    $21
    Space
    Suite 150
    Size
    1,813 SF
    Rate per SF
    $25

    We can help!

    Listing Contact
    Gregory Davis
    Gregory Davis

    Learn more

    HighLights

    • 8,493 SF of newly remodeled retail/office space in Temple, TX.
    • Five suites available, ranging from 917 to 3,033 SF, ideal for various uses.
    • 41 parking spaces and GR‑CUP zoning.
    • Two move‑in ready suites and three shell suites; build‑out of two suites begins November 2024.
    • High visibility location with convenient access to Loop 363, IH‑35, and major medical facilities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Map

    City
    Temple
    County
    Bell
    State
    Texas
    Longitude
    -97.376115929588
    Latitude
    31.075594216714

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    FAQs

    What type of property is this?
    Medical office - Modern suites, prime Temple location.
    Where is this medical office located?
    The property is located at 2727 Exchange Pl Temple, TX.
    What is the lease rate?
    The lease rate is $21-$25 SF/Yr.
    What are key features of this property?
    This property features: 8,493 SF of newly remodeled retail/office space in Temple, TX.; Five suites available, ranging from 917 to 3,033 SF, ideal for various uses.; 41 parking spaces and GR-CUP zoning.
    Request Owner's contact information
    2727 Exchange Pl Temple, TX 76504
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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
    2727 Exchange Pl Temple, TX 76504
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    We can help!
    Listing Contact
    Gregory Davis
    Gregory Davis
    Real Estate License ID: TX0511146
    Learn more
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