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$157,566

605 S Martin Luther King Blvd, Temple, TX, 76504

$204,836 ARVInfo
Off MarketInfo
CommercialInfo
Baths3,498 Sq Ft
OfficeOffice
price_per_sqft$114.07 / sqft
Year BuiltBuilt in 1968

Highlights

Interior

Garage AvailableGarage Available
FlooringCarpet, Combination, Concrete, Vinyl

Exterior

Lot Size29,969 sqft

Building Information

Year Built1968
Stories1
Garage Spaces1

Land Information

APN524608
SubdivisionHocks Addition Amending Plat No 1 (L1-2
Land UseCommercial Improvement
Legal DescriptionHOCKS ADDITION AMENDING PLAT NO 1 (L1-2 B16), BLOCK 001, LOT 0001, ACRES .688
Census Tract020702
Assessed Land Value$62,636
Assessed Improvement Value$104,294
Assessment Year2025

About this property

Unlock the potential of this prime commercial property in the heart of Temple, Texas! Situated just minutes from downtown and major thoroughfares, 605 Martin Luther King Jr. Dr offers a rare combination of warehouse functionality, retail exposure, and investment income—perfect for investors, developers, or business owners looking to expand. Total Building Area: 3,928 sq ft Warehouse Space: 2,950 sq ft Retail Space: 978 sq ft Lot Size: Includes a large, buildable lot ideal for future commercial expansion Parking: Gated and secure on-site parking area Zoning: Commercial Investment Highlights: *Currently leased at $3,000/month on a Triple Net (NNN) lease *Stable income with tenant covering taxes, insurance, and maintenance *High visibility location with easy access to I-35 and downtown Temple *Flexible layout suitable for industrial, distribution, retail, or mixed-use operations This property is a turnkey investment with development upside—expand on the existing lot or continue with a hands-off, income-producing asset in a growing market. Don’t miss out on this versatile and profitable commercial opportunity. Contact your commercial real estate agent today for more information or to schedule a private tour.

Investor Tools

Property Icon
$157,566
Estimated Property Value
$0Estimated Mortgage Balance
$157,566Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$204,836
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,394 /month
Positive
Cash Flow Estimate:
$798 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$322/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,070
$157,566
2025
$62,636
$104,294
$166,930
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,070
$157,566

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$157,566
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Temple

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605 S Martin Luther King Blvd | Property Details | No Agent List