Versatile Warehouse on Happy
49 Happy St Killeen, TX 76541
For Sale
$265,000
3,000 sq ft warehouse suitable for various business operations.
Property Size3,000 SF
Lot Size0.20 Acres
Price / SF$88.33
Days on Market136
Property Features for 49 Happy St
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Lot size
- 0.20 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1970
Listing Agency:
Native Real Estate
(254) 317-7146
Listed By:
Ann Vandergriff · License #0757821
(254) 317-7146
Source:
Elliman
Added: Mar 10
Changed: Jul 10
Last Checked: Jul 23 at 5:33AM
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
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. The property is less than an hour from Georgetown and 35 minutes to Temple, providing convenient access for businesses serving 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. The property offers potential for a range of business operations.
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).
- Suitable for auto services, storage, or a distribution center.
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.0k | $9.00 |
| − Vacancy | −$1.6k | −$0.54 |
| EGI | $25.4k | $8.46 |
| − OpEx | −$3.8k | −$1.27 |
| NOI | $21.6k | $7.19 |
3,000 SF · lease $9.00/SF/yr · vacancy 6.00% · expense 15.00%
Alternative Uses
Best Use
Retail
$509.8K
$446.0K – $594.7K
NOI $35,683 @ 7.0% cap · market cap 13.47%
Second Best
Warehouse
$308.2K
$269.7K – $359.6K
NOI $21,573 @ 7.0% cap · market cap 8.14%
Theoretical Best
Office A
$720.6K
$630.5K – $840.7K
NOI $50,440 @ 7.0% cap · market cap 19.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Auto shops
Similar Off Market Nearby
- A-American Mini Storage — 401 Priest Dr, Killeen, TX 76541
- Top Mini Storage — 325 e veterans memorial blvd, killeen, tx 76541
- Self Storage — 124 N 4th St, Killeen, TX 76541
- Self-Storage at U-Haul — 102 E Veterans Memorial Blvd, Killeen, TX 76541
FAQs
What type of property is this?
Warehouse - 3,000 sq ft warehouse suitable for various business operations.
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).; Suitable for auto services, storage, or a distribution center.
