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

    118 Leon Ln Copperas Cove, TX 76522

    Sponsored
    For Sale
    $390,000

    MULTI_FAMILY - Ranch - Copperas Cove, TX

    Type:Single Family Residence
    Property size:
    2,588 SF
    Lot size:
    0.19 Acres
    Days on Market:
    9
    Last Refresh:
    Jan 23 at 12:06 am

    Property Features for 118 Leon Ln

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Property condition
    Under Construction
    Standard status
    Active
    Rooms
    Bedroom 1, Bedroom 4, Bedroom 6, Bathroom 4, Bedroom 3, Bathroom 3, Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 5
    Bedrooms
    6
    APN
    158740
    Parking features
    Garage
    Interior features
    CeilingFans, PullDownAtticStairs, Vanity, WalkInClosets, BreakfastBar, EatInKitchen, GraniteCounters, KitchenFamilyRoomCombo, KitchenDiningCombo, Kitchenette
    Appliances
    Dishwasher, ElectricCooktop, Disposal, MultipleWaterHeaters, Microwave, Oven, SomeElectricAppliances, Cooktop
    Size
    2,588 SF
    Lot size
    0.19 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating)
    Cooling system
    Electric
    Water source
    Public

    Building Details

    Year built
    2025
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Vinyl
    Building materials
    Brick, HardiplankType, Masonry, StoneVeneer
    Roof type
    Shingle, Composition
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Jessica Lloyd

    The Real Estate Home Team LLC (251) 656-0254

    Listing agent Jessica Lloyd (254) 213-2708 License #0644878

    Listing date Jan 15, 2026

    MLS# 602009 Listing URL

    Copyright © 2026 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    New Duplex Homes in Copperas Cove

    These brand-new duplex homes offer high-end features and upgrades. Located in a newly developed subdivision in Copperas Cove, the community provides convenient access to shopping, dining, and Fort Hood. The exterior features a blend of brick and stone, full yard sod, an automatic sprinkler system, and a wood privacy fence. The property consists of 2588 square feet on a lot of approximately 0.19 acres. Interior features include ceilings, modern paint colors, fixtures and finishes, luxury vinyl plank flooring, wood faux blinds, granite countertops in kitchens and bathrooms, tile backsplashes, and stainless steel appliances including a stove, microwave, and dishwasher. Each unit includes three bedrooms, including a primary suite with a private bathroom, walk-in shower, and walk-in closet. The property offers low-maintenance living, rental potential, and long-term value. This is an opportunity for comfortable living while generating income.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Copperas Cove
    County
    Coryell
    State
    Texas
    Longitude
    -97.914044
    Latitude
    31.092655

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    FAQs

    What type of property is this?
    Duplex - Luxury duplexes in Copperas Cove, ideal for owners or investors.
    Where is this duplex located?
    The property is located at 118 Leon Ln Copperas Cove, TX.
    What is the asking price?
    The asking price for this property is $390,000.
    What are key features of this property?
    This property features: - Brand new duplex homes offering income potential.; - High-end features include granite countertops, stainless steel appliances, and luxury vinyl plank flooring.; - Low-maintenance living with full yard sod, automatic sprinkler system, and wood privacy fence.
    (251) 656-0254
    Request Owner's contact information
    118 Leon Ln Copperas Cove, TX 76522
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    Copperas Cove, TX 76522
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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
    118 Leon Ln Copperas Cove, TX 76522
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    We can help!
    Listing Contact
    Jessica Lloyd
    Real Estate License ID: 0644878
    (251) 656-0254
    Learn more
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