Versatile Warehouse in Killeen,
For Sale
$265,000
49 Happy Street, Killeen, TX 76541
COMMERCIAL - Killeen, TX
Property Size3,000 SF
Lot Size0.20 Acres
Price / SF$88.33
Days on Market656
Property Features for 49 Happy Street
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Normans Add Rep Lt 1
Lot features
Cul De Sac
Directions
W Central Texas Expy. Take S Fort Hood St to W Avenue G Turn right onto S Fort Hood St Turn right onto W Veterans Memorial Blvd Left on Happy Street
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
Legal 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
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: Aug 4 at 10:06AM
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
937
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 76541, TX
19,641
Population
10,207
Households
1.9
Avg Household Size
32
Median Age
12%
College-Educated
83%
High-School Grad
4.9 sq mi
ZIP Area
4,008
Density / Sq Mi
$36,739
Median Household Income
$27,869
Median Earnings
$858
Median Rent
$97,500
Median Home Value
Market
Properties on Market for Warehouses in Killeen
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
Frequently Asked Questions
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.
