Office Building with Pylon
For Sale
Contact for pricing
512 S 2nd St, Killeen, TX 76541
Second-generation office building with pylon signage, suited for an owner-user setup in central Killeen.
Property Size2,000 SF
Price / SF$200
Days on Market1267
Property Features for 512 S 2nd St
General Information
Standard status
Active
Size
2,000 SF
Property subtype
OFFICE
Amenities
pylon signage
Listing Agency:
RESOLUT RE - Austin
(512) 709-8166
Listed By:
Tucker Francis · License #620238
(512) 709-8166
Source:
Moodyscre
Added: Feb 13, 2023
Changed: Jul 30
Last Checked: Aug 2 at 9:06AM
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 RESOLUT RE - Austin
Investment Insights
Based on property information with market context.
This second-generation office building at 512 S 2nd St in Killeen, TX offers a practical owner-user option. The property includes pylon signage for visibility and is positioned as a centrally located office building within the Killeen area.
With 2,000 square feet of property size, the space is sized for office operations where an owner can occupy and manage day-to-day needs. The building is described as a great owner-user building, supported by the provided remarks.
For tenants and owner-users seeking an office format with dedicated signage visibility, this pylon-signage-equipped office building provides a straightforward option within central Killeen.
With 2,000 square feet of property size, the space is sized for office operations where an owner can occupy and manage day-to-day needs. The building is described as a great owner-user building, supported by the provided remarks.
For tenants and owner-users seeking an office format with dedicated signage visibility, this pylon-signage-equipped office building provides a straightforward option within central Killeen.
Key Highlights
- 2,000 SF second‑generation office building
- Pylon signage for visibility
- Great owner‑user building setup
Financial Insights For Office B
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 | $43.2k | $21.60 |
| − Vacancy | −$7.9k | −$3.97 |
| EGI | $35.3k | $17.63 |
| − OpEx | −$8.8k | −$4.41 |
| NOI | $26.4k | $13.22 |
2,000 SF · lease $21.60/SF/yr · vacancy 18.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$377.7K
$330.5K – $440.6K
NOI $26,438 @ 7.0% cap · market cap 6.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$480.4K
$420.3K – $560.5K
NOI $33,627 @ 7.0% cap · market cap 8.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,532
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Second-generation office building with pylon signage, suited for an owner-user setup in central Killeen.
Where is this office building located?
The property is located at 512 S 2nd St Killeen, TX.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 2,000 SF second‑generation office building; Pylon signage for visibility; Great owner‑user building setup
