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    The Largest CRE Database in the US with Over 1 Million Listings

    575 Northpoint Dr Temple, TX 76501

    Sponsored
    For Lease
    $10 SF/Yr

    Temple, TX Flex/Warehouse Space Available

    Lot size:
    12,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    410
    This exceptional industrial property, located at 575 Northpoint Dr, Temple, TX 76501, offers a variety of flexible spaces ideal for R&D, warehouse, or distribution needs. The property boasts five buildings totaling nine suites, with 18,750 square feet currently vacant. Units range from a minimum of 2,000 square feet to a maximum contiguous space of 20,000 square feet, providing options for businesses of various sizes. Built in 2023, this Class B property features 20-24 foot ceiling heights, single-phase power, and modern amenities. Exterior features include 20-24 foot metal side walls with stucco and engineered stone veneers, 16-foot tall grade-level doors, and rear-facing 10x10 dock-high loading doors with truck wells. Each building sits on a 1.5 to 6-acre lot with secure fenced yards and paved private road access. The property benefits from ample concrete parking lots, sidewalks, and truck aprons, along with skylights providing excellent natural lighting. Utilities include Oncor single-phase electric, on-site septic, Little Elm Valley Water Supply, and City of Temple trash service. The property is situated in Bell County, conveniently located in the southeast quadrant of IH-35 and Bottoms East Road, between Temple and Waco. The estimated annual expense is $1.44 per square foot. This property is zoned "None" and is outside city limits. The site is currently home to several notable tenants, including Copart, Sysco, H&E Equipment Services, and Ring Power Utilities.

    Property Features for 575 Northpoint Dr

    General Information

    Property type
    Life science properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    12,500 SF
    Class
    B

    Building Details

    Year Built
    2023
    Buildings
    5

    Unit(s) available at that property

    Space
    Available Space 10
    Size
    12,500 SF
    Rate per SF
    $11

    We can help!

    Listing Contact
    David Jirasek, ALC, CCIM
    David Jirasek, ALC, CCIM

    Learn more

    Property Profile Location Intelligence

    Current Use by Public Records

    Life science properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Daycare Center Auto Repair Shop Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Temple
    County
    Bell
    State
    Texas
    Longitude
    -97.318029946066
    Latitude
    31.16870893569

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    FAQs

    What type of property is this?
    Life science property - Temple, TX Flex/Warehouse Space Available
    Where is this life science property located?
    The property is located at 575 Northpoint Dr Temple, TX.
    What is the lease rate?
    The lease rate is $11 SF/Yr.
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    575 Northpoint Dr Temple, TX 76501
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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
    575 Northpoint Dr Temple, TX 76501
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    We can help!
    Listing Contact
    David Jirasek, ALC, CCIM
    David Jirasek, ALC, CCIM
    Real Estate License ID: TX 9010446
    Learn more
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