Versatile Warehouse in Killeen,
49 Happy Street Killeen, TX 76541
For Sale
$265,000
COMMERCIAL - Killeen, TX
Property Size3,000 SF
Lot Size0.20 Acres
Price / SF$88.33
Days on Market644
Property Features for 49 Happy Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 395958
- Size
- 3,000 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- NORMAN'S ADDITION REPLAT (LT 1-4 BLK 1, LT 1,3-4,PT 2 BLK 6), BLOCK 001, LOT PT 1, (NE PT OF 1 (54.46' X 100' X 87.96' X 60.2' X 74.27' X 156.18'), ACRES .199
- Tax Annual Amount
- 816
Utilities
- Water source
- Public
Building Details
- Year built
- 1970
- Floors in Building
- 2
- Flooring type
- Concrete
- Building materials
- MetalFrame
Listing Agency:
Native Real Estate
(254) 228-6674
Listed By:
Ann Vandergriff · License #0757821
(254) 317-7146
Added: Oct 18, 2024
Changed: Apr 15
Last Checked: Jul 23 at 4:06PM
MLS# 559788
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 3,000 sq. ft. warehouse is located off Veterans Memorial Drive on a quiet cul-de-sac in Killeen, Texas. The property is less than an hour from Georgetown and 35 minutes to Temple, offering access to Central Texas. The warehouse includes a loft area, two potential office spaces, and a bathroom that will soon be operable. It is equipped with electric service and has city water available. The property is suited for auto detailing, auto paint, and body shops, as well as warehouse storage. Its flexible layout can also accommodate various industrial or commercial needs, such as a distribution center. The lot size is 0.199 acres.
Key Highlights
- 3,000 sq ft versatile warehouse space suitable for various business operations.
- Convenient location: less than an hour from Georgetown and 35 minutes to Temple.
- Includes a loft area and two potential office spaces.
Financial Insights For Warehouse
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 | $27.0k | $9.00 |
| − Vacancy | −$1.6k | −$0.54 |
| EGI | $25.4k | $8.46 |
| − OpEx | −$3.8k | −$1.27 |
| NOI | $21.6k | $7.19 |
3,000 SF · lease $9.00/SF/yr · vacancy 6.00% · expense 15.00%
Alternative Uses
Best Use
Retail
$509.8K
$446.0K – $594.7K
NOI $35,683 @ 7.0% cap · market cap 13.47%
Second Best
Warehouse
$308.2K
$269.7K – $359.6K
NOI $21,573 @ 7.0% cap · market cap 8.14%
Theoretical Best
Office A
$720.6K
$630.5K – $840.7K
NOI $50,440 @ 7.0% cap · market cap 19.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Auto shops
Similar Off Market Nearby
- A-American Mini Storage — 401 Priest Dr, Killeen, TX 76541
- Top Mini Storage — 325 e veterans memorial blvd, killeen, tx 76541
- Self Storage — 124 N 4th St, Killeen, TX 76541
- Self-Storage at U-Haul — 102 E Veterans Memorial Blvd, Killeen, TX 76541
FAQs
What type of property is this?
Warehouse - 3,000 sq ft warehouse suitable for various business operations.
Where is this warehouse located?
The property is located at 49 Happy Street Killeen, TX.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: 3,000 sq ft versatile warehouse space suitable for various business operations.; Convenient location: less than an hour from Georgetown and 35 minutes to Temple.; Includes a loft area and two potential office spaces.
