B-5 Zoned Retail
For Sale
Contact for pricing
1113 West Veterans Memorial Boulevard, Killeen, TX 76541
Commercial retail property with an established building footprint and B-5 zoning.
Property Size43,199 SF
Price / SF$138.89
Days on Market21
Property Features for 1113 West Veterans Memorial Boulevard
General Information
Standard status
Active
Size
43,199 SF
Class
B
Property subtype
Retail
Zoning
B-5
Occupancy
90%
Lease Type
Gross
Investment Type
Owner/User
Net Operating Income
$320,000
Building Details
Year Built
1958
Year Renovated
2011
Units
4
Tenancy
Multi
Listing Agency:
JB Goodwin Commercial
Listed By:
Dan Burstain · License #616078
Source:
Crexi
Added: Aug 17
Changed: Sep 6
Last Checked: Sep 5 at 10:29PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JB Goodwin Commercial
Investment Insights
Based on property information with market context.
This retail property offers 43,199 square feet within a commercial building constructed in 1958. The asset is classified as retail space and carries B-5 zoning, providing a defined commercial framework for evaluating future occupancy or ownership plans.
Located at 1113 West Veterans Memorial Boulevard in Killeen, Texas, the property presents a substantial retail-oriented footprint in an established commercial setting. Its size, zoning, and existing building improvements provide the primary points for operational and redevelopment review.
Located at 1113 West Veterans Memorial Boulevard in Killeen, Texas, the property presents a substantial retail-oriented footprint in an established commercial setting. Its size, zoning, and existing building improvements provide the primary points for operational and redevelopment review.
Key Highlights
- 43,199‑square‑foot retail property
- B‑5 zoning
- Building constructed in 1958
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
$513,826
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
8.56%
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%
$10,276,520
$10.3M
Cap Rate 7%
$7,340,371
$7.3M
Cap Rate 9%
$5,709,178
$5.7M
Market Conditions
NOI Build-Up for 43,199 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
$777.6K $18.00/SF
− Vacancy
−$43.5K −$1.01/SF
EGI
$734.0K $16.99/SF
− OpEx
−$220.2K −$5.10/SF
NOI
$513.8K $11.89/SF
Area
Killeen, TX
Vacancy
5.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$10,276,520
Cap Rate 7%
$7,340,371
Cap Rate 9%
$5,709,178
Alternative Uses
Best Use
Retail
$7.34M
$6.42M – $8.56M
NOI $513,826 @ 7.0% cap · market cap 8.56%
Second Best
Flex RnD
$4.05M
$3.54M – $4.73M
NOI $283,545 @ 7.0% cap · market cap 4.73%
Theoretical Best
Office A
$10.38M
$9.08M – $12.11M
NOI $726,324 @ 7.0% cap · market cap 12.11%
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
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
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Commercial retail property with an established building footprint and B-5 zoning.
Where is this retail space located?
The property is located at 1113 West Veterans Memorial Boulevard Killeen, TX.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: 43,199‑square‑foot retail property; B‑5 zoning; Building constructed in 1958
