Flex Space with Warehouse
For Sale
$398,000
10378 Oakalla Road, Killeen, TX 76549
CommercialSale, Killeen, TX
Property Size2,400 SF
Lot Size0.89 Acres
Price / SF$165.83
Days on Market160
Property Features for 10378 Oakalla Road
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Parking features
Oversize
Subdivision
Elisha Vie Surv Abs #470
Lot features
City Lot, Half To One Acre Lot
Elementary school district
Killeen ISD
Middle school district
Killeen ISD
High school district
Killeen ISD
Directions
From I-14 in Killeen: Hwy 201 (Clear Creek Rd) south - R on Reese Creek Rd - L on Oakalla - building is on the left immediately after leaving Ft. Hood property and crossing the cattle guard. From I-14 in Copperas Cove: FM 116 South (aka Ivy Gap Rd) - L on Oakalla - building is on your right just before the cattle guard. From Leander: Hwy 183 - R on 2657 in Briggs - R on CR 221 (becomes Oakalla)
Standard status
Active
APN
125425
Size
2,400 SF
Lot size
0.89 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
A0470BC ELISHA IVIE, 1-1, ACRES .89
Tax Annual Amount
1305
Legal Description
A0470BC ELISHA IVIE, 1-1, ACRES .89
Utilities
Sewer type
Aerobic Septic, Septic Tank, Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Well, Private
Building Details
Year built
2025
Floors in Building
1
Flooring type
Carpet, Vinyl, Concrete
Building materials
Glass, MetalFrame, MetalSiding, SteelFrame, SprayFoamInsulation
Roof type
Metal
Listing Agency:
Coldwell Banker Apex, Realtors
(254) 690-4321
Listed By:
Scott Shine · License #0458497
(254) 289-9861
Added: May 12
Changed: Oct 9
Last Checked: Oct 18 at 2:06AM
MLS# 613338
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.
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Investment Insights
Based on property information with market context.
This 2,400-square-foot flex property at 10378 Oakalla Road combines 1,200 square feet of warehouse area with a separate 1,200-square-foot heated and cooled section. The warehouse includes a 14-foot overhead bay door, while multiple 4-foot exterior walk doors support pallet movement. Interior features include LED lighting, a bathroom, kitchen, concrete, vinyl, and carpet flooring, along with spray foam insulation in the flex area. The building has a metal roof and steel and metal-frame construction and was built in 2025. The property is currently under construction.
The 0.89-acre site is adjacent to Ft. Hood Military Base and offers oversized parking, vehicle maneuvering space, and semi-truck access. Located in Killeen, the property is outside city limits and has no zoning restrictions. Water is supplied by a private well, and the site includes aerobic septic and septic tank systems. Central electric heating and cooling serve the building.
The 0.89-acre site is adjacent to Ft. Hood Military Base and offers oversized parking, vehicle maneuvering space, and semi-truck access. Located in Killeen, the property is outside city limits and has no zoning restrictions. Water is supplied by a private well, and the site includes aerobic septic and septic tank systems. Central electric heating and cooling serve the building.
Key Highlights
- 2,400 square feet total, divided between 1,200‑square‑foot warehouse and 1,200‑square‑foot flex areas
- 14‑foot overhead bay door plus multiple 4‑foot exterior walk doors
- 0.89‑acre site with oversized parking and semi‑truck access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,726
Cap Rate
7.97%
Suggested Prices Based on Cap Rates
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
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 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 7.97%
Second Best
Warehouse
$246.5K
$215.7K – $287.6K
NOI $17,258 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$576.5K
$504.4K – $672.5K
NOI $40,352 @ 7.0% cap · market cap 10.14%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76549, TX
56,199
Population
21,794
Households
2.6
Avg Household Size
29
Median Age
23%
College-Educated
95%
High-School Grad
94.1 sq mi
ZIP Area
597
Density / Sq Mi
$62,536
Median Household Income
$36,340
Median Earnings
$1,363
Median Rent
$202,100
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - New commercial space combines conditioned office capacity with a dedicated warehouse area and convenient access near Ft. Hood Military Base.
Where is this flex space located?
The property is located at 10378 Oakalla Road Killeen, TX.
What is the asking price?
The asking price for this property is $398,000.
What are key features of this property?
This property features: 2,400 square feet total, divided between 1,200‑square‑foot warehouse and 1,200‑square‑foot flex areas; 14‑foot overhead bay door plus multiple 4‑foot exterior walk doors; 0.89‑acre site with oversized parking and semi‑truck access
