Listing Agency: Native Real Estate m***@nativesells.com Show Phone

Listed By: Ann Vandergriff · License #0757821 Show Phone

Source: Exprealty

Added: Oct 18, 2024 Changed: Oct 10 Last Checked: Oct 20 at 9:18PM

Report an Issue

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 Native Real Estate

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 3,000 sq. ft. warehouse is located off Veterans Memorial Drive on a quiet cul-de-sac. It is less than an hour from Georgetown and 35 minutes to Temple, providing access to Central Texas. The space includes a loft area, two potential office spaces, and a bathroom that will soon be operable. Equipped with electric service and city water availability, this warehouse is suited for auto detailing, auto paint, and body shops, or warehouse storage. It could also serve as a distribution center, with its flexible layout accommodating various industrial or commercial needs.

Key Highlights

• 3,000 sq. ft. versatile warehouse space suitable for various business operations.
• Convenient access to Georgetown (under an hour) and Temple (35 minutes), ideal for serving Central Texas.
• Potential uses include auto services, storage, or a distribution center.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$21,573

Cap Rate

8.14%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$431,460 $431.5K

Cap Rate 7%

$308,186 $308.2K

Cap Rate 9%

$239,700 $239.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,000 SF

Gross rent

$27.0K $9.00/SF

− Vacancy

−$1.6K −$0.54/SF

EGI

$25.4K $8.46/SF

− OpEx

−$3.8K −$1.27/SF

NOI

$21.6K $7.19/SF

Area

Killeen, TX

Vacancy

6.00%

Lease Rate

$9.00 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$431,460

Cap Rate 7%

$308,186

Cap Rate 9%

$239,700

Alternative Uses

Best Use

Retail

$509.8K

$446.0K – $594.7K (±1% cap)

NOI $35,683 @ 7.0% cap · market cap 13.47%

Second Best

Warehouse

$308.2K

$269.7K – $359.6K (±1% cap)

NOI $21,573 @ 7.0% cap · market cap 8.14%

Theoretical Best

Office A

$720.6K

$630.5K – $840.7K (±1% cap)

NOI $50,440 @ 7.0% cap · market cap 19.03%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Auto shops

Suggested Use

Top Pick Dental Office Real Estate Agency Building Supply Big Box & Wholesale Store Electrical Service Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

937

Businesses Nearby

Balanced

Demand for This Use

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

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Similar For Sale Nearby

See more

Auto Shop Property with Fenced Parking

167 Stagecoach Road, Killeen, TX 76542

$267,000

2,060 SF

View details

Warehouse with Office Space

802 W S Young Drive, Killeen, TX 76543

$350,000

2,400 SF

View details

Flex Space with Warehouse Bay

10378 Oakalla Road, Killeen, TX 76549

$398,000

2,400 SF

View details

Renovated Commercial Property with Warehouse

3412 E RANCIER KILLEEN TX 76543, Killeen, TX 76543

$460,000

3,750 SF

View details

Fenced Flex Space with Warehouse

14690 S Fort Hood Street, Killeen, TX 76542

$2,400,000

3,740 SF

View details

Masonry Flex Building With Bay Door

1520 S Fort Hood Street, Killeen, TX 76542

$699,600

5,750 SF

View details

Flex Space with Loading Dock

1701 Martin Luther King Jr Boulevard, Killeen, TX 76543

$729,000

6,000 SF

View details

Automotive Property With Office And Garage

1800 E Rancier Avenue, Killeen, TX 76541

$649,000

1,350 SF

View details

Auto Body Facility with Paint Booth

621 S 2nd Street, Killeen, TX 76541

$750,000

6,700 SF

View details

Kwik Kar Branded Auto Shop

3007 E Rancier Ave, Killeen, TX 76543

Contact for pricing

2,300 SF

View details

Ground-Floor Mini Storage Facility

405,407,411,503 S Twin Creek Drive, Killeen, TX 76543

$1,200,000

7,625 SF

View details

Flex Space with Office and Warehouse

2100 E Stan Schlueter Loop, F, Killeen, TX 76542

Contact for pricing

11,400 SF

View details

Similar Off Market Nearby

• A-American Mini Storage — 401 Priest Dr, Killeen, TX 76541
• Self-Storage at U-Haul — 102 E Veterans Memorial Blvd, Killeen, TX 76541
• Top Mini Storage — 325 e veterans memorial blvd, killeen, tx 76541
• Self Storage — 124 N 4th St, Killeen, TX 76541

Frequently Asked Questions

What type of property is this?

Warehouse - 3,000 sq ft warehouse suitable for auto services and storage.

Where is this warehouse located?

The property is located at 49 Happy St Killeen, TX.

What is the asking price?

The asking price for this property is $265,000.

What are key features of this property?

This property features: 3,000 sq. ft. versatile warehouse space suitable for various business operations.; Convenient access to Georgetown (under an hour) and Temple (35 minutes), ideal for serving Central Texas.; Potential uses include auto services, storage, or a distribution center.