Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1207-1303 Hooten St Killeen, TX 76543

    View on Map
    Sponsored
    For Sale
    $2,400,000

    COMMERCIAL - Killeen, TX

    Lot size:
    7.29 Acres
    Days on Market:
    62
    Last Refresh:
    Mar 22 at 5:06 am

    Property Features for 1207-1303 Hooten St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    439110
    Lot size
    7.29 Acres

    We can help!

    Listing Contact
    Corinne Jennifer Walsh

    Heights Properties

    Listing agent Corinne Walsh License #0560771

    Listing date Jan 19, 2026

    MLS# 602352

    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

    Property Insight Report

    Overview

    Multifamily Development Opportunity in Killeen

    This 7.286-acre tract in Killeen, Texas, is zoned for multifamily use, presenting an excellent opportunity for residential development. The property is suitable for constructing duplexes, townhomes, or small apartments, offering strong potential for income generation. Interested parties should verify density and specific usage with the local municipality. The location provides convenient access to schools, shopping, dining, and major thoroughfares, which is advantageous for future tenants. Utilities are available in close proximity. This property is suited for investors or builders looking to expand their rental portfolio in an area experiencing continued growth and housing demand.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Killeen
    County
    Bell
    State
    Texas
    Longitude
    -97.6832571
    Latitude
    31.1174742

    Nearby Similar for Sale

    • $500,000
      7,420 SF

      Killeen Redevelopment Opportunity

      Value-add redevelopment opportunity in Downtown Killeen's Historic Overlay District.
      403 N Gray St, Killeen, TX 76541
      View Details
    • New
      $450,000
      4,000 SF

      Killeen Church with Arched Ceilings

      Church property featuring wooden arched ceilings and stained glass windows.
      1207 Metropolitan Dr, Killeen, TX 76541
      View Details
    • $2,700,000
      3,152 SF

      Turnkey Restaurant in Killeen, TX

      Freestanding restaurant with double drive-thru, built in 2022.
      3201 W Stan Schlueter Loop, Killeen, TX 76549
      View Details
    • $349,000
      11,598 SF

      Killeen Warehouse and Land

      Two buildings on 1.1 acres suitable for various businesses.
      1104 E Veterans Memorial Blvd, Killeen, TX 76541
      View Details
    • $500,000
      0.18 Acres

      Killeen Redevelopment Opportunity

      Value-add redevelopment opportunity in Downtown Killeen's Historic Overlay District.
      403 N Gray St, Killeen, TX 76541
      View Details
    • $700,000
      9,600 SF

      Killeen Commercial Investment Opportunity

      Multi-tenant commercial building on E. Elm Rd with cash-flow potential.
      502 E Elms Rd, Killeen, TX 76542
      View Details
    • $350,000
      2,400 SF

      Killeen Warehouse with Expansion Potential

      Versatile warehouse on one acre with high traffic visibility.
      802 W S Young Dr, Killeen, TX 76543
      View Details
    • $399,000
      42,820 SF

      Killeen Commercial Property For Sale

      High-traffic location suitable for redevelopment or expansion.
      3701 Lake Rd, Killeen, TX 76543
      View Details
    • New
      $424,995
      4,230 SF

      Killeen Fourplex with Recent Renovations

      Townhouse-style fourplex in Killeen, TX, with renovated unit.
      4000 Doraine Ct, Killeen, TX 76549
      View Details
    • $393,000
      2,640 SF

      Killeen Commercial Property For Sale

      Self-serve carwash or redevelopment opportunity in Killeen, Texas.
      4502 E Rancier Ave, Killeen, TX 76543
      View Details
    • $399,000
      42,820 SF

      Killeen Commercial Property For Sale

      High-traffic location suitable for redevelopment or expansion.
      3701 Lake Rd, Killeen, TX 76543
      View Details
    • $335,000
      2,668 SF

      Retail Property in Killeen, TX

      Retail property for sale in Killeen, Texas.
      531 S 54Th St, Killeen, TX 76543
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Multifamily-zoned land near amenities, ideal for residential development.
    Where is this residential land & home lot located?
    The property is located at 1207-1303 Hooten St Killeen, TX.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: - Rare opportunity to secure multifamily-zoned land.; - Multifamily zoning allows for diverse residential development (duplexes, townhomes, apartments).; - Strong potential for income-producing residential development.
    (254) 290-9190
    Request Owner's contact information
    1207-1303 Hooten St Killeen, TX 76543
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1207-1303 Hooten St
    Killeen, TX 76543
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1207-1303 Hooten St Killeen, TX 76543
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Corinne Jennifer Walsh
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!