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    3000 Old Fm 440 Road Killeen, TX 76549

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    Claim this Listing
    For Sale
    $1,400,000

    SINGLE_FAMILY - Killeen, TX

    Type:Retail
    Property size:
    8,580 SF
    Lot size:
    0.68 Acres
    Price / SF:
    $163/SF
    Added:
    Jan 4, 2025
    Days on Market:
    475
    Last Refresh:
    Apr 24 at 9:06 am

    Property Features for 3000 Old Fm 440 Road

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Standard status
    Active
    APN
    331825
    Size
    8,580 SF
    Lot size
    0.68 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    GENTLE GROVE ADDITION REPLAT (LT 1-17 BLK 1, LT 1-20 BLK 2), BLOCK 001, LOT 001A
    Tax Annual Amount
    19721

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2008
    Floors in Building
    1
    Flooring type
    Tile, Concrete
    Roof type
    Shingle, Composition, Metal

    We can help!

    Listing Contact
    Saira Khan
    Saira Khan

    Listing agent Saira Khan License #0776630

    Listing office DHS Realty 8005 Fallmeadow Circle, Plano, TX

    Listing date Jan 4, 2025

    MLS# 566001

    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.

    Overview

    Stabilized Retail Center in Killeen

    Located in Killeen, TX, this 8,800-square-foot, multi-tenant retail center presents a promising investment opportunity. Constructed in 2008, the meticulously maintained building is situated on 0.68 acres. The property is located on Old FM 440 Road, in a densely populated residential area with over 141,200 residents within a five-mile radius, and is near numerous educational institutions. The property is approximately three miles west of a retail trade area along the East Central Texas Expressway, providing convenient access to national and regional retailers such as Walmart Supercenter, H-E-B Plus!, Kohl's, OfficeMax, Lowe's Home Improvement, Party City, and more. Killeen Mall, anchored by Dillard's, JCPenney, and Burlington, is located on the north side of the East Central Texas Expressway and houses over 100 stores. All current leases operate grossly, with the potential to transition to triple-net leases. This retail center represents an investment opportunity within a flourishing commercial setting.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Miquell's Gentlemen's Barbershop Barber Shop Mickey's Convenience Food ... Gas Station Buddy's Neighborhood Store Grocery & Convenience Store Einsteins Mind Childcare-Center, ... Daycare Center D & S Fitness Gym & Fitness Center

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • KBS food mart Plaza — 3000 Old FM 440 Rd, Killeen, TX 76549

    Location Insight

    • Map
    • Local Demand
    City
    Killeen
    County
    Bell
    State
    Texas
    Longitude
    -97.756904
    Latitude
    31.092507

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    FAQs

    What type of property is this?
    Shopping center - Multi-tenant retail center in a high-traffic Killeen location.
    Where is this shopping center located?
    The property is located at 3000 Old Fm 440 Road Killeen, TX.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: Fully stabilized, 8,800‑square‑foot, multi‑tenant retail center.; Strategic location in a densely populated residential area with over 141,200 residents within a five‑mile radius.; Proximity to a bustling retail trade area with national and regional retailers (Walmart, H‑E‑B, etc.).
    (254) 616-0415
    We can help!
    Listing Contact
    Saira Khan
    Saira Khan
    Real Estate License ID: 0776630
    Learn More
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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
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