Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1900 E Elms Rd Killeen, TX 76542

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2,475 /Mo

    Unfinished 1,500 sqft space ideal for retail or office.

    Lot size:
    1.66 Acres

    Property Features for 1900 E Elms Rd

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    1.66 Acres

    Building Details

    Year built
    2007

    We can help!

    Listing Contact
    Barry Hinshaw
    Barry Hinshaw
    Source: Elliman

    Listing Agency: John Reider Properties, LC Listing Agent: Barry Hinshaw

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Retail/Office Shell Space Available

    This 1,500 sqft unfinished shell space is located in a multi-tenant shopping center, offering visibility, access, and parking. The space is suitable for retail, professional office, or medical use. Currently an unfinished shell, it can be built to a vanilla shell or built to suit for a qualified tenant. A neighboring 1,138 sqft vacant unfinished shell is also available. Other businesses in the Elms Run center include a hair salon, nail salon, fiber optic provider, financial advisor, real estate agency, and finance companies.
    Location Intelligence

    Current Use by Public Records

    Dr. Joel Kutnick, ... Physician Laurel Ridge Treatment ... Medical Clinic Zsamekrien Steed- All ... Real Estate Agency Kendra Barger TX ... Real Estate Agency Kristin Butler TX ... Real Estate Agency

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Killeen
    County
    Bell
    State
    Texas
    Longitude
    -97.7283858
    Latitude
    31.077974

    Nearby Similar for Lease

    • New
      $1.00 SF/Yr
      5,616 SF

      Killeen Commercial Space For Lease

      5,616 SF flexible commercial space suitable for retail, office, medical.
      302 Priest Dr, Killeen, TX 76541
      View Details
    • New
      $3,630 /Mo
      19,440 SF

      Retail Space on Stan Schlueter

      2,200 SF retail suite available immediately in Killeen, TX.
      4008 E Stan Schlueter Loop, Killeen, TX 76542
      View Details
    • New
      $995 /Mo

      Downtown Killeen Office Space Available

      Move-in ready office space in historic downtown Killeen.
      312 Avenue B E, Killeen, TX 76541
      View Details
    • New
      $800 /Mo

      Downtown Killeen Office Space Available

      Updated office suite in historic downtown Killeen, ready for move-in.
      312 Avenue B E, Killeen, TX 76541
      View Details
    • New
      $5,674 /Mo

      Commercial Suite in Historic Killeen

      Prime commercial suite for lease in historic Downtown Killeen.
      300 N 8Th St, Killeen, TX 76541
      View Details
    • $3,500 /Mo
      5,750 SF

      Spacious Retail and Storage Building

      5,750 sq ft building with retail and storage space.
      1520 S Fort Hood St, Killeen, TX 76542
      View Details
    • $6,211 /Mo
      20,049 SF

      Killeen Commercial Space Available

      Combined suites with multiple entrances and ample parking for rent.
      2710 Clear Creek Rd, Killeen, TX 76549
      View Details
    • $4,500 /Mo
      4,200 SF

      Killeen Commercial Space For Rent

      Flex/industrial/office/warehouse space with storage and parking in Killeen, TX.
      1503 W Stan Schlueter Loop, Killeen, TX 76549
      View Details
    • $6,962 /Mo
      3,570 SF

      Killeen Medical/Office Space Available

      3,570 SF medical/office space near Advent Hospital and Texas A&M.
      2300 S Clear Creek Rd, Killeen, TX 76549
      View Details
    • $1,250 /Mo
      1,500 SF

      Retail Space in Killeen, TX

      Retail space suitable for a hair salon in Killeen.
      1005 N 10Th St, Killeen, TX 76541
      View Details
    • $23 SF/Yr
      4,000 SF

      Newly Renovated Killeen Office Suites

      Completely renovated office suites available for lease in Killeen.
      3405 300, Killeen, TX 76543
      View Details
    • New
      $225 SF/Yr

      Move-in Ready Professional Suites

      Private suites ideal for service-based businesses with flexible lease options.
      2904 E Stan Schlueter Loop, Killeen, TX 76542
      View Details

    FAQs

    What type of property is this?
    Retail space - Unfinished 1,500 sqft space ideal for retail or office.
    Where is this retail space located?
    The property is located at 1900 E Elms Rd Killeen, TX.
    What is the lease rate?
    The lease rate is $2,475 /Mo.
    What are key features of this property?
    This property features: - Great visibility, access, and parking make this an ideal location.; - Ideal for Retail, Professional Office, or Medical use.; - Can be built to vanilla shell or build to suit to your specifications.
    (254) 466-4996
    Request Owner's contact information
    1900 E Elms Rd Killeen, TX 76542
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1900 E Elms Rd
    Killeen, TX 76542
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1900 E Elms Rd Killeen, TX 76542
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Barry Hinshaw
    Barry Hinshaw
    Real Estate License ID: 0524896
    (254) 466-4996 (254) 699-8300
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!