B-5 Retail Building with Club
1505 E Veterans Memorial Boulevard Harker Heights, TX 76548
For Sale
$750,000
COMMERCIAL - Harker Heights, TX
Property Size3,390 SF
Lot Size2.65 Acres
Price / SF$221.24
Days on Market235
Property Features for 1505 E Veterans Memorial Boulevard
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- B-5
- Parking features
- Special Needs
- Standard status
- Active
- APN
- 131673
- Size
- 3,390 SF
- Lot size
- 2.65 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- COLLINS SUBDIVISION, BLOCK 002, LOT PT BLK, ACRES 2.647
- Tax Annual Amount
- 10846
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1978
- Floors in Building
- 1
- Flooring type
- Concrete
- Building materials
- AluminumSiding, MetalFrame, MetalSiding
- Roof type
- Flat, Metal
Listing Agency:
John Reider Properties II, Ltd
(254) 699-8300
Listed By:
John Reider · License #0345039
(254) 289-2400
Added: Dec 3, 2025
Changed: Jul 11
Last Checked: Jul 26 at 8:06AM
MLS# 599215
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.
Investment Insights
Based on property information with market context.
This B-5 zoned retail property includes a 3,390-square-foot building that was formerly operated as a club. The site spans 2.647 acres and offers room for additional structures, with parking space identified in the listing remarks.
The property is located on E. Veterans Memorial Boulevard in Harker Heights, TX, with visibility along the frontage. The listing notes it is just minutes from I-14, supporting convenient access.
For buyers and tenants evaluating redevelopment or repurposing, the existing retail building and larger lot size provide a flexible starting point within the B-5 zoning designation.
The property is located on E. Veterans Memorial Boulevard in Harker Heights, TX, with visibility along the frontage. The listing notes it is just minutes from I-14, supporting convenient access.
For buyers and tenants evaluating redevelopment or repurposing, the existing retail building and larger lot size provide a flexible starting point within the B-5 zoning designation.
Key Highlights
- 3,400 SF commercial building on a 2.64‑acre lot on E. Veterans Memorial Blvd, zoned B‑5
- Former club building with potential for redevelopment or business expansion
- Built in 1978 with metal and flat roof
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $69.6k | $20.52 |
| − Vacancy | −$4.0k | −$1.17 |
| EGI | $65.6k | $19.35 |
| − OpEx | −$19.7k | −$5.81 |
| NOI | $45.9k | $13.55 |
3,390 SF · lease $20.52/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$656.0K
$574.0K – $765.3K
NOI $45,918 @ 7.0% cap · market cap 6.12%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$37.84M
$33.11M – $44.15M
NOI $2,649,122 @ 7.0% cap · market cap 353.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Retail space - B-5 zoned retail building on a 2.647-acre lot along Veterans Memorial Blvd, formerly used as a club.
Where is this retail space located?
The property is located at 1505 E Veterans Memorial Boulevard Harker Heights, TX.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 3,400 SF commercial building on a 2.64‑acre lot on E. Veterans Memorial Blvd, zoned B‑5; Former club building with potential for redevelopment or business expansion; Built in 1978 with metal and flat roof
