Commercial Property on Indian
For Sale
$950,000
775 Indian Trl 100-400, Harker Heights, TX 76548
Commercial property with high visibility and access, fully occupied.
Property Size5,317 SF
Lot Size1.23 Acres
Days on Market173
Property Features for 775 Indian Trl 100-400
General Information
Standard status
Active
Size
5,317 SF
Lot size
1.23 Acres
Property subtype
Commercial
Building Details
Building Size
5,317 SF
Year Built
1994
Stories
1
Listing Agency:
Jim Wright Company
(254) 289-3145
Listed By:
Jim Wright · License #0181945
(254) 289-3145
Source:
Elliman
Added: Mar 10
Changed: Aug 27
Last Checked: Aug 28 at 6:03PM
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 Jim Wright Company
Investment Insights
Based on property information with market context.
This commercial property offers high visibility and convenient access off Indian Trail, situated less than two blocks from I-14. It features off-street parking in both the front and back of the building. The property is currently 100% occupied, with the tenant responsible for covering water and electricity expenses. This property is suitable for commercial real estate and storefront purposes.
Key Highlights
- Great visibility and access off Indian Trail
- Less than two blocks from I‑14
- Reduced sales price of $950,000
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
$72,020
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
7.58%
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%
$1,440,400
$1.4M
Cap Rate 7%
$1,028,857
$1.0M
Cap Rate 9%
$800,222
$800.2K
Market Conditions
NOI Build-Up for 5,317 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
$109.1K $20.52/SF
− Vacancy
−$6.2K −$1.17/SF
EGI
$102.9K $19.35/SF
− OpEx
−$30.9K −$5.81/SF
NOI
$72.0K $13.55/SF
Area
Bell County, TX
Vacancy
5.70%
Lease Rate
$20.52 /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%
$1,440,400
Cap Rate 7%
$1,028,857
Cap Rate 9%
$800,222
Alternative Uses
Best Use
Retail
$1.03M
$900.3K – $1.20M
NOI $72,020 @ 7.0% cap · market cap 7.58%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$59.36M
$51.94M – $69.25M
NOI $4,154,980 @ 7.0% cap · market cap 437.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
613
Businesses Nearby
65k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 74%
Dining 23%
Electronics 2%
Home Improvements & Furnishings 1%
H-E-B Fuel
Shops & Services
20,855 visits/mo
0.1 miles
SONIC Drive In
Dining
13,934 visits/mo
0.2 miles
Mobil
Shops & Services
8,819 visits/mo
0.1 miles
CEFCO
Shops & Services
6,826 visits/mo
0.1 miles
AutoZone
Shops & Services
4,434 visits/mo
0.1 miles
Demographics for 76548, TX
32,714
Population
12,657
Households
2.6
Avg Household Size
34
Median Age
32%
College-Educated
93%
High-School Grad
16.1 sq mi
ZIP Area
2,032
Density / Sq Mi
$80,847
Median Household Income
$44,090
Median Earnings
$1,113
Median Rent
$268,000
Median Home Value
Market
Vacancy Rate% for Retail 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?
Storefront property - Commercial property with high visibility and access, fully occupied.
Where is this storefront property located?
The property is located at 775 Indian Trl 100-400 Harker Heights, TX.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Great visibility and access off Indian Trail; Less than two blocks from I‑14; Reduced sales price of $950,000
