Warehouse with Office
For Sale
$350,000
802 W S Young Drive, Killeen, TX 76543
CommercialSale, Killeen, TX
Property Size2,400 SF
Lot Size1.03 Acres
Price / SF$145.83
Days on Market178
Property Features for 802 W S Young Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B-3
Subdivision
R & S Skinner Lp Add
Lot features
City Lot, Half To One Acre Lot
Directions
Travel North on S WS Young from I14, Go about a mile and building is on your right behind Strickland Brothers Oil Change
Standard status
Active
APN
464373
Size
2,400 SF
Lot size
1.03 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
R & S SKINNER LP ADDITION, BLOCK 001, LOT 001A, 1.030AC
Tax Annual Amount
4402
Legal Description
R & S SKINNER LP ADDITION, BLOCK 001, LOT 001A, 1.030AC
Utilities
Sewer type
Public Sewer
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
2016
Floors in Building
1
Flooring type
Concrete, Carpet
Building materials
MetalFrame, MetalSiding
Roof type
Metal
Listing Agency:
Cloud Real Estate
(254) 690-3311
Listed By:
Virginia Cloud · License #0205127
(254) 289-1280
Added: Mar 10
Changed: Aug 20
Last Checked: Sep 3 at 12:06PM
MLS# 606940
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 2,400-square-foot warehouse sits on a 1.03-acre tract and includes dedicated office space and one bathroom. The building features a metal frame, metal siding, a metal roof, concrete and carpet flooring, window-unit cooling, public water, and public sewer. Built in 2016, the property provides a practical mix of warehouse and administrative space.
Located at 802 W S Young Drive in Killeen, the property offers direct positioning near S WS Young. The site includes rear outdoor storage and a covered area that could be enclosed to add approximately 1,000 square feet, subject to the applicable requirements. B-3 zoning supports the property’s commercial setting, with the source information identifying distribution, contracting, service, and storage uses.
Located at 802 W S Young Drive in Killeen, the property offers direct positioning near S WS Young. The site includes rear outdoor storage and a covered area that could be enclosed to add approximately 1,000 square feet, subject to the applicable requirements. B-3 zoning supports the property’s commercial setting, with the source information identifying distribution, contracting, service, and storage uses.
Key Highlights
- 2,400‑square‑foot warehouse on 1.03 acres
- B‑3 zoning in Killeen, TX
- Office space and one bathroom included
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,726
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.06%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$634,520
$634.5K
Cap Rate 7%
$453,229
$453.2K
Cap Rate 9%
$352,511
$352.5K
Market Conditions
NOI Build-Up for 2,400 SF
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.
Gross rent
$51.8K $21.60/SF
− Vacancy
−$9.5K −$3.97/SF
EGI
$42.3K $17.63/SF
− OpEx
−$10.6K −$4.41/SF
NOI
$31.7K $13.22/SF
Area
Killeen, TX
Vacancy
18.40%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$634,520
Cap Rate 7%
$453,229
Cap Rate 9%
$352,511
Alternative Uses
Best Use
Office B
$453.2K
$396.6K – $528.8K
NOI $31,726 @ 7.0% cap · market cap 9.06%
Second Best
Warehouse
$246.5K
$215.7K – $287.6K
NOI $17,258 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$576.5K
$504.4K – $672.5K
NOI $40,352 @ 7.0% cap · market cap 11.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
384
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 76543, TX
30,545
Population
15,300
Households
2
Avg Household Size
30
Median Age
15%
College-Educated
91%
High-School Grad
35.6 sq mi
ZIP Area
858
Density / Sq Mi
$51,239
Median Household Income
$31,712
Median Earnings
$1,099
Median Rent
$140,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Extra Space Storage — 1001 S W S Young Dr, Killeen, TX 76543
- Killeen I.S.D Property Management Warehouse — 412 Commerce Dr, Killeen, TX 76543
- Scobey Moving & Storage — 2702 Atkinson Ave, Killeen, TX 76543
- 2 Affordable Auto Repair — 3106 Atkinson Ave, Killeen, TX 76543
Frequently Asked Questions
What type of property is this?
Warehouse - B-3 zoning, rear storage, and a covered area support distribution, contracting, service, or storage operations.
Where is this warehouse located?
The property is located at 802 W S Young Drive Killeen, TX.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 2,400‑square‑foot warehouse on 1.03 acres; B‑3 zoning in Killeen, TX; Office space and one bathroom included
