Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    502 W Elms Rd Killeen, TX 76542

    Sponsored
    For Sale
    $270,000

    COMMERCIAL - Killeen, TX

    Lot size:
    1.20 Acres
    Days on Market:
    12
    Last Refresh:
    Jan 24 at 8:06 pm

    Property Features for 502 W Elms Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    470638
    Lot size
    1.20 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Cali Hoban

    All City Real Estate, Ltd. Co. (866) 277-6005

    Listing agent Cali Hoban (866) 277-6005 License #0579536

    Listing date Jan 13, 2026

    MLS# 568480

    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.

    Learn more

    Property Insight Report

    Overview

    Prime Commercial Land in Killeen

    This 1.195-acre commercial land is located in Killeen, Bell County, Texas. The property is a corner lot and is situated minutes from Fort Cavazos. The location is centrally located, offering a prime opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Kple TV Television Station Christian Assistance Network Non-Profit Organization Praise Fellowship Church Amag Motor Vehicle Dealer

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Killeen
    County
    Bell
    State
    Texas
    Longitude
    -97.7435444
    Latitude
    31.0821423

    Nearby Similar for Sale

    • New
      $7,500,000
      51,964 SF

      Killeen Duplex Investment Opportunity

      20-unit duplex package near Ft. Cavazos with low vacancy rate.
      4509 Passion Flower Loop, Killeen, TX 76549
      View Details
    • New
      $344,900
      2,534 SF

      New Duplex Near Fort Cavazos

      New construction duplex in Killeen, ideal for investors or residents.
      704 Norris Ave, Killeen, TX 76541
      View Details
    • $875,000
      6,768 SF

      Killeen Medical/Office Building For Sale

      Versatile medical/office building in high-demand area near thriving businesses.
      2900 Trimmier Rd, Killeen, TX 76542
      View Details
    • $425,000
      2,599 SF

      Modern Duplex Near Fort Cavazos

      Modern duplex with premium upgrades, ideal for investors or multi-generational living.
      6404 Rocky Rose Rd, Killeen, TX 76543
      View Details
    • $329,000
      2,642 SF

      Killeen Duplex Near Fort Hood

      Well-maintained duplex near Fort Hood with strong rental history.
      1504 Golden Eagle Ct, Killeen, TX 76549
      View Details
    • $925,000
      0.22 Acres

      Premier Office Building, Killeen, TX

      Two-story office building with high visibility and flexible layout.
      701 W Central Texas Expy, Killeen, TX 76541
      View Details
    • $375,000
      3,378 SF

      Killeen Fourplex with Income Potential

      Fourplex in Killeen with immediate income and owner-occupant potential.
      3303 Barcelona Dr, Killeen, TX 76542
      View Details
    • $3,300,000
      112.00 Acres

      Lampasas River Ranch Retreat

      112-acre ranch with lodging and recreational amenities in Killeen, TX.
      19161 Fm 2484, Killeen, TX 76542
      View Details
    • $399,900
      3,448 SF

      Killeen Duplex Near Fort Cavazos

      Spacious duplex in Killeen, close to amenities and Fort Cavazos.
      1105 Grace Point Dr, Killeen, TX 76549
      View Details
    • $329,000
      2,642 SF

      Killeen Duplex in Desirable Neighborhood

      Well-built duplex in Killeen, convenient location, new roof.
      1505 Golden Eagle Ct, Killeen, TX 76549
      View Details
    • $665,000
      3,271 SF

      Killeen Commercial Lot For Sale

      Commercial lot with high visibility, ideal for medical or office.
      300 W Central Texas Expy, Killeen, TX 76541
      View Details
    • $359,500
      2,354 SF

      Renovated Duplex with Assumable Loan

      Killeen duplex with updates, rental income, and assumable loan.
      3103 Honeysuckle Cir, Killeen, TX 76542
      View Details

    FAQs

    What type of property is this?
    Commercial land - Centrally located corner lot near Fort Cavazos.
    Where is this commercial land located?
    The property is located at 502 W Elms Rd Killeen, TX.
    What is the asking price?
    The asking price for this property is $270,000.
    What are key features of this property?
    This property features: - Prime location suitable for various opportunities.; - Corner lot property.; - Minutes from Fort Cavazos.
    (254) 681-7032
    Request Owner's contact information
    502 W Elms Rd Killeen, TX 76542
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    502 W Elms Rd
    Killeen, TX 76542
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    502 W Elms Rd Killeen, TX 76542
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Cali Hoban
    Real Estate License ID: 0579536
    (254) 681-7032
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.