Storefront Property with Underground
For Sale
$249,900
519 W Veterans Memorial Boulevard, Killeen, TX 76541
Existing mixed-use space with central air, electric service, and repositioning flexibility.
Property Size1,200 SF
Price / SF$208.25
Days on Market59
Property Features for 519 W Veterans Memorial Boulevard
General Information
Standard status
Active
Size
1,200 SF
Additional Details
Road Access
Yes
Building Details
Abandoned
No
Listing Agency:
Real Broker
(855) 450-0442
Listed By:
Oraya Fernandez · License #0718576
(254) 833-3379
Source:
Cornerstone-properties
Added: Aug 10
Changed: Oct 3
Last Checked: Oct 5 at 6:09PM
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 Real Broker
Investment Insights
Based on property information with market context.
Built in 1988, this storefront property includes an existing mixed-use games, recreation, and retail operation. Central air and electric service are in place, while the flat site is served by city road, asphalt, and concrete road surfaces. The property also retains underground storage tanks from its prior use as a gas station, creating an important consideration for buyers evaluating fuel-related operations or redevelopment.
Located at 519 Veterans Memorial Boulevard in Killeen, the property sits directly across from a large hotel and apartment community. Its surroundings include established commercial activity and proximity to Fort Hood. The site has no parking, and buyers should independently verify zoning, environmental conditions, and other property information.
Located at 519 Veterans Memorial Boulevard in Killeen, the property sits directly across from a large hotel and apartment community. Its surroundings include established commercial activity and proximity to Fort Hood. The site has no parking, and buyers should independently verify zoning, environmental conditions, and other property information.
Key Highlights
- Underground storage tanks remain from the property’s prior gas station use
- Existing mixed‑use games, recreation, and retail operation
- Central air and electric service in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,442
Cap Rate
6.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$348,840
$348.8K
Cap Rate 7%
$249,171
$249.2K
Cap Rate 9%
$193,800
$193.8K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$24.5K $20.40/SF
− Vacancy
−$1.2K −$1.02/SF
EGI
$23.3K $19.38/SF
− OpEx
−$5.8K −$4.85/SF
NOI
$17.4K $14.54/SF
Area
Killeen, TX
Vacancy
5.00%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$348,840
Cap Rate 7%
$249,171
Cap Rate 9%
$193,800
Alternative Uses
Best Use
Specialty Retail
$249.2K
$218.0K – $290.7K
NOI $17,442 @ 7.0% cap · market cap 6.98%
Second Best
Retail
$203.9K
$178.4K – $237.9K
NOI $14,273 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$288.2K
$252.2K – $336.3K
NOI $20,176 @ 7.0% cap · market cap 8.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,436
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Christell's Weddings & Events — 214 E Avenue B, Killeen, TX 76541
- A Flowers Touch — 710 W Rancier Ave Ste 230, Killeen, TX 76541
Frequently Asked Questions
What type of property is this?
Storefront property - Existing mixed-use space with central air, electric service, and repositioning flexibility.
Where is this storefront property located?
The property is located at 519 W Veterans Memorial Boulevard Killeen, TX.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Underground storage tanks remain from the property’s prior gas station use; Existing mixed‑use games, recreation, and retail operation; Central air and electric service in place
