Improved Acreage with Multiple
14138 Highway 195 Killeen, TX 76542
14138 Highway 195, Killeen, TX, 76542
$1,200,000
For Sale
$1,200,000
9.28 acre property with multiple buildings and improvements.
Property Size5,000 SF
Lot Size9.28 Acres
Price / SF$240
Days on Market131
Property Features for 14138 Highway 195
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Lot size
- 9.28 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 2012
Listing Agency
ERA Colonial Real Estate
(254) 702-3450
Listed by
Jack Hemingway · License #0379647
(254) 702-3450
Source
Elliman
Added: Mar 10 Checked: Jul 17 at 8:05 am
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 ERA Colonial Real Estate
Investment Insights
Based on property information with market context.
This 9.278 acre property features multiple improvements, including a 5,000 square foot building at the front with 16 offices, a break room, a conference room, a waiting area, a receptionist/accounting office, and two bathrooms. The front building also has 22 paved parking spaces. Further back on the property is a training building exceeding 4,000 square feet, which includes a breakroom/kitchen, 13 offices, a computer lab, two bathrooms, and a large room. Additionally, there is a 2,235 square foot house converted to accommodate 5 offices, meeting areas, and two bathrooms. A 1,400 square foot barn is also located on the property and has a power meter base for electricity.
Key Highlights
- 9.278 acre property with multiple buildings
- 5,000 sq ft building featuring 16 offices, conference room, break room, waiting area, receptionist area, and 2 bathrooms
- 4,000+ sq ft training building with 13 offices, computer lab, breakroom/kitchen, and 2 bathrooms
Local 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 | $108.0k | $21.60 |
| − Vacancy | −$19.9k | −$3.97 |
| EGI | $88.1k | $17.63 |
| − OpEx | −$22.0k | −$4.41 |
| NOI | $66.1k | $13.22 |
5,000 SF · lease $21.60/SF/yr · vacancy 18.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$944.2K
$826.2K – $1.10M
NOI $66,096 @ 7.0% cap · market cap 5.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,067 @ 7.0% cap · market cap 7.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - 9.28 acre property with multiple buildings and improvements.
Where is this office building located?
The property is located at 14138 Highway 195 Killeen, TX.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 9.278 acre property with multiple buildings; **5,000 sq ft building featuring 16 offices, conference room, break room, waiting area, receptionist area, and 2 bathrooms**; 4,000+ sq ft training building with 13 offices, computer lab, breakroom/kitchen, and 2 bathrooms
