Retail Plaza in Central
202 E Veterans Memorial Boulevard Killeen, TX 76541
For Sale
$2,350,000
SINGLE_FAMILY - Killeen, TX
Property Size15,795 SF
Lot Size0.99 Acres
Price / SF$148.78
Days on Market719
Property Features for 202 E Veterans Memorial Boulevard
General Information
- Property type
- Residential
- Property subtype
- Retail
- Zoning
- B-5
- Standard status
- Active
- APN
- 132801
- Size
- 15,795 SF
- Lot size
- 0.99 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- KIM ADDITION, BLOCK 001, LOT 0001
- Tax Annual Amount
- 35704
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 1998
- Floors in Building
- 1
- Flooring type
- Laminate, Concrete, Carpet
- Building materials
- Glass, Masonry, MetalFrame
Listing Agency:
Realty Executives Of Killeen
(254) 519-2080
Listed By:
Anita Riendeau · License #0289778
(254) 681-1000
Added: Aug 8, 2024
Changed: May 14
Last Checked: Jul 27 at 4:06AM
MLS# 553271
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 fully rented retail plaza is located in the heart of Killeen, Texas. The property has a large, open parking area and a marquis. Current occupants include a pool hall, a pizza restaurant, a church, and a smoke and vape shop. The property is situated on a 0.9931-acre lot and has a building size of 15795 square feet. The zoning is B-5.
Key Highlights
- Fully Rented Retail Plaza providing immediate income.
- Prime location in the heart of Killeen.
- Diverse tenant mix includes Corner Pocket Pool Hall, Papa Johns, Church, and Cloud Smoke and Vape.
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 | $284.3k | $18.00 |
| − Vacancy | −$15.9k | −$1.01 |
| EGI | $268.4k | $16.99 |
| − OpEx | −$80.5k | −$5.10 |
| NOI | $187.9k | $11.89 |
15,795 SF · lease $18.00/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$3.28M
$2.87M – $3.83M
NOI $229,580 @ 7.0% cap · market cap 9.77%
Second Best
Retail
$2.68M
$2.35M – $3.13M
NOI $187,872 @ 7.0% cap · market cap 7.99%
Theoretical Best
Office A
$3.79M
$3.32M – $4.43M
NOI $265,568 @ 7.0% cap · market cap 11.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Cloud smoke & vape
(Bike/Boat/Book/etc) Store
Corner Pocket
Arcade & Gaming Center
Iglesia Cristiana Pentecostes ...
Church
Papa John's Pizza
Restaurant
Hunter Office
Law Firm
Similar Off Market Nearby
- Rancier Minimax Shopping Center — 1306 E Rancier Ave, Killeen, TX 76541
- Midtown Mall — 1001 E Veterans Memorial Blvd, Killeen, TX 76541
FAQs
What type of property is this?
Shopping center - Fully rented retail plaza in the heart of Killeen, Texas.
Where is this shopping center located?
The property is located at 202 E Veterans Memorial Boulevard Killeen, TX.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: Fully Rented Retail Plaza providing immediate income.; Prime location in the heart of Killeen.; Diverse tenant mix includes Corner Pocket Pool Hall, Papa Johns, Church, and Cloud Smoke and Vape.
