Corner Office Building with
For Sale
$406,000
1700 E FM 2410 Road, Harker Heights, TX 76548
CommercialSale, Harker Heights, TX
Property Size1,425 SF
Lot Size0.89 Acres
Price / SF$284.91
Days on Market146
Property Features for 1700 E FM 2410 Road
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Driveway
Subdivision
Craig Add
Lot features
Corner Lot, City Lot, Level, Half To One Acre Lot
Directions
I14 to FM 2410. Office on North side of 2410.
Standard status
Active
APN
331605
Size
1,425 SF
Lot size
0.89 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CRAIG ADDITION, BLOCK 001, LOT 0002
Tax Annual Amount
6572
Legal Description
CRAIG ADDITION, BLOCK 001, LOT 0002
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1965
Floors in Building
1
Flooring type
Carpet, Laminate
Building materials
Masonry
Roof type
Composition, Shingle
Listing Agency:
Century 21 Bill Bartlett · Century 21 Real Estate
(254) 947-5050
Listed By:
Melanie Kirchmeier · License #0403097
(254) 760-5855
Added: Apr 10
Changed: Aug 27
Last Checked: Sep 2 at 7:06PM
MLS# 609992
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 1,425-square-foot office building occupies a 0.886-acre lot and was constructed in 1965 with masonry materials. The layout includes three office spaces and a separate break room, with laminate and carpet flooring throughout. Central heating and central air conditioning support the interior, while a composition and shingle roof covers the structure.
The property sits at the corner of E FM 2410 Road and is positioned across from Harker Heights Community Park. On-site access is provided by a driveway, with public sewer serving the property. A portion of the lot is fenced, adding defined outdoor area to the office configuration.
The property sits at the corner of E FM 2410 Road and is positioned across from Harker Heights Community Park. On-site access is provided by a driveway, with public sewer serving the property. A portion of the lot is fenced, adding defined outdoor area to the office configuration.
Key Highlights
- 1,425 SF office building on 0.886 acres
- Three office spaces plus a separate break room
- Corner property across from Harker Heights Community Park
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,836
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$476,720
$476.7K
Cap Rate 7%
$340,514
$340.5K
Cap Rate 9%
$264,844
$264.8K
Market Conditions
NOI Build-Up for 1,425 SF
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.
Gross rent
$43.8K $30.72/SF
− Vacancy
−$12.0K −$8.42/SF
EGI
$31.8K $22.30/SF
− OpEx
−$7.9K −$5.58/SF
NOI
$23.8K $16.73/SF
Area
Bell County, TX
Vacancy
27.40%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$476,720
Cap Rate 7%
$340,514
Cap Rate 9%
$264,844
Alternative Uses
Best Use
Office B
$340.5K
$298.0K – $397.3K
NOI $23,836 @ 7.0% cap · market cap 5.87%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$15.91M
$13.92M – $18.56M
NOI $1,113,569 @ 7.0% cap · market cap 274.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Office units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
112
Businesses Nearby
Explore this area
Business Placement
Demographics for 76548, TX
32,714
Population
12,657
Households
2.6
Avg Household Size
34
Median Age
32%
College-Educated
93%
High-School Grad
16.1 sq mi
ZIP Area
2,032
Density / Sq Mi
$80,847
Median Household Income
$44,090
Median Earnings
$1,113
Median Rent
$268,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Masonry property offers three private offices, a separate break room, and a portion of fenced site area.
Where is this office building located?
The property is located at 1700 E FM 2410 Road Harker Heights, TX.
What is the asking price?
The asking price for this property is $406,000.
What are key features of this property?
This property features: 1,425 SF office building on 0.886 acres; Three office spaces plus a separate break room; Corner property across from Harker Heights Community Park
