Your AI Navigator in Commercial Real Estate
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

    2901 Elms Rd Killeen, TX 76549

    For Sale
    $2,990,000

    High-Yield 5.33-Acre Property, Excellent Location

    Property size:
    11,020 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional 5.33-acre mixed-use property in Killeen, Texas, presents a lucrative investment opportunity. Strategically located off W Elms Rd, it enjoys high visibility and convenient access to Fort Cavazos. The property boasts a thriving commercial complex featuring a five-suite hero plaza, all currently under lease, generating consistent rental income. A separate leased building adds to the property's revenue stream. Further enhancing its income potential is a four-pump gas station and a six-bay manual car wash equipped with two vacuum stations. Approximately 1.5 acres of vacant frontage land offers significant potential for future development or expansion, allowing for increased revenue generation or diversification of the property's offerings. The car wash is currently owner-managed, while all suites are independently leased. The sale includes only the land and existing buildings. The property's substantial size, diverse income streams, and prime location make it an attractive investment prospect with significant upside potential. The total square footage of the buildings is 11,020 square feet. The property is situated in a rapidly growing area surrounded by single-family and multifamily residential developments, ensuring a strong and stable tenant base. This is a turnkey operation ready for immediate income generation. The asking price is $2,990,000.

    Property Features for 2901 Elms Rd

    General Information

    Property type
    Mixed-use properties
    Square Feet
    11,020 SF
    Lot Size
    232,175 SF

    Building Details

    Year Built
    2008
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    New Era Barber ... Barber Shop Gustavo The Barber Barber Shop Texaco Gas Station Starmart Gas Station Seoul To Go Korean Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Killeen
    County
    Bell
    State
    Texas
    Longitude
    -97.77893
    Latitude
    31.09295

    Nearby Similar for Sale

    • $7,983,949
      51,964 SF

      Killeen Multifamily Investment Opportunity

      20-unit duplex package near Ft. Cavazos in Killeen, TX.
      4509 Passion Flower Loop, Killeen, TX 76549
      View Details
    • $365,000
      2,534 SF

      New Killeen Duplex Investment Opportunity

      New construction duplex near Fort Cavazos, ideal for investors.
      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
    • $3,200,000
      14,196 SF

      Shooting Facility on 4.2 Acres

      State-of-the-art shooting facility designed for enthusiasts and law enforcement.
      205 Mountain Creek Rd, Killeen, TX 76542
      View Details
    • $329,000
      2,642 SF

      Killeen Duplex Near Fort Hood

      Duplex near Fort Hood with good rental history.
      1504 Golden Eagle Ct, Killeen, TX 76549
      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

    FAQs

    What type of property is this?
    Mixed-use property - High-Yield 5.33-Acre Property, Excellent Location
    Where is this mixed-use property located?
    The property is located at 2901 Elms Rd Killeen, TX.
    What is the asking price?
    The asking price for this property is $2,990,000.
    (254) 213-3290
    Request Owner's contact information
    2901 Elms Rd Killeen, TX 76549
    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.
    2901 Elms Rd
    Killeen, TX 76549
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    2901 Elms Rd Killeen, TX 76549
    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
    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.