Commercial Property on Veterans Memorial
1505 E Veterans Memorial Blvd Harker Heights, TX 76548
For Sale
$750,000
Versatile commercial property with redevelopment potential on a large lot.
Property Size3,400 SF
Lot Size2.64 Acres
Price / SF$220.59
Days on Market95
Property Features for 1505 E Veterans Memorial Blvd
General Information
- Standard status
- Active
- Size
- 3,400 SF
- Lot size
- 2.64 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1978
Listing Agency:
John Reider Properties
(254) 289-2400
Listed By:
John Reider · License #0345039
(254) 289-2400
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 26 at 5:18AM
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 John Reider Properties
Investment Insights
Based on property information with market context.
This commercial property, formerly a club, is located on E. Veterans Memorial Blvd. and offers redevelopment or business expansion possibilities. The property is zoned B-5 and includes a 3,400 sq. ft. building on a 2.64-acre lot, providing space for additional structures, parking, or future growth. The location provides visibility and accessibility, being situated minutes from I-14. The property is suitable for a range of commercial uses, including a restaurant, retail center, entertainment venue, or multi-use development. The location has a walk score of 11, indicating car dependence, and a bike score of 26, indicating it is somewhat bikeable.
Key Highlights
- Prime commercial property with B‑5 zoning, offering diverse redevelopment or business expansion possibilities.
- Large 2.64‑acre lot allows for additional structures, ample parking, or future expansion.
- Excellent visibility on E. Veterans Memorial Blvd. ensures high traffic exposure.
Financial Insights For Retail
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 | $69.8k | $20.52 |
| − Vacancy | −$4.0k | −$1.17 |
| EGI | $65.8k | $19.35 |
| − OpEx | −$19.7k | −$5.81 |
| NOI | $46.1k | $13.55 |
3,400 SF · lease $20.52/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$657.9K
$575.7K – $767.6K
NOI $46,054 @ 7.0% cap · market cap 6.14%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$37.96M
$33.21M – $44.28M
NOI $2,656,937 @ 7.0% cap · market cap 354.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Retail space - Versatile commercial property with redevelopment potential on a large lot.
Where is this retail space located?
The property is located at 1505 E Veterans Memorial Blvd Harker Heights, TX.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Prime commercial property with B‑5 zoning, offering diverse redevelopment or business expansion possibilities.; Large 2.64‑acre lot allows for additional structures, ample parking, or future expansion.; **Excellent visibility on E. Veterans Memorial Blvd. ensures high traffic exposure.**
