Commercial real estate in Temple, Texas, offers a unique investment opportunity for those looking to capitalize on the city's strategic location and growing economy. With its proximity to major metropolitan areas like Dallas-Fort Worth, San Antonio, and Houston, Temple has become a hub for goods distribution, making commercial properties an attractive option. Commercial real estate in Temple can represent a range of investments, from retail spaces to office buildings, and even industrial properties. The city's strong medical community, led by Baylor Scott & White Medical Center, has created a high demand for commercial properties, particularly in the Medical District. Additionally, Temple's location along Interstate 35 and its access to rail and highways make it an ideal spot for businesses that require easy transportation. The city's amenities, including the Cultural Activities Center and the Temple College Fine Arts Division, also contribute to its appeal as a great place to live and work.
Temple's commercial real estate market offers a diverse range of options, with 35 listings currently available. The average price per square foot is $313 USD, and the average size of these properties is 9,410 square feet, with the largest property spanning 25,175 square feet. The average cap rate for commercial properties in Temple is 6.89%. In addition to commercial properties, Temple also offers industrial properties, such as warehouses and manufacturing facilities, which can be found along the rail lines and highways. Apartment buildings are another option, with many complexes located near the Medical District and Downtown area. Office properties, including those in the Medical District, are also available, as are hotels, which cater to the city's many visitors. Overall, Temple's commercial real estate market offers a unique blend of opportunities, making it an attractive option for investors and businesses alike.
What financing options are available for purchasing commercial real estate?
When it comes to financing options for purchasing commercial real estate in Temple, Texas, there are several alternatives to consider, including:
- SBA Loans, which offer flexible terms and lower down payments, ideal for small businesses and startups;
- Conventional Loans, providing competitive interest rates and terms for established businesses;
- Private Money Loans, offering short-term, high-interest financing for fix-and-flip projects or other unique situations.
It's essential to explore these options and consult with a financial advisor to determine the best fit for your commercial real estate investment in Temple, where you can find 35 available listings, with an average price per square foot of $313 USD and an average size of 9,410 square feet.
How do cap rates factor into commercial real estate purchases?
When considering commercial real estate purchases in Temple, Texas, investors should carefully evaluate the cap rate, which is a crucial metric that helps determine the potential return on investment. With an average cap rate of 6.89%, Temple's commercial properties offer a competitive yield, making it essential to understand how this rate is calculated and its implications on investment decisions - for a detailed explanation, refer to our article on what is a cap rate.
What is considered a commercial property?
In Temple, Texas, a commercial property is typically defined as a building or land used for business or commercial purposes, such as office spaces, retail stores, restaurants, warehouses, and industrial facilities. These properties are often zoned for commercial use and can range in size from small storefronts to large industrial complexes, with an average size of 9,410 square feet and an average price per square foot of $313 USD.
