Commercial Property on Veterans
For Sale
$750,000
1505 E VETERANS MEMORIAL HARKER HEIGHTS TX 76548, Harker Heights, TX 76548
B-5 zoned commercial property with redevelopment potential on 2.64 acres.
Property Size3,390 SF
Lot Size2.64 Acres
Price / SF$221.24
Days on Market323
Property Features for 1505 E VETERANS MEMORIAL HARKER HEIGHTS TX 76548
General Information
Standard status
Active
Size
3,390 SF
Lot size
2.64 Acres
Property subtype
Commercial
Zoning
B-5
Building Details
Year Built
1978
Stories
1
Listing Agency:
John Reider Properties II, Ltd
(254) 699-8300
Listed By:
John Reider · License #0345039
(254) 289-2400
Source:
Kwsanantonio
Added: Dec 3, 2025
Changed: Oct 7
Last Checked: Oct 20 at 5:02PM
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 II, Ltd
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Investment Insights
Based on property information with market context.
This commercial property, formerly a club, is located on E. Veterans Memorial Blvd. The property is zoned B-5 and offers potential for redevelopment or business expansion. The building has 3,400 square feet of space and is situated on a 2.64-acre lot, providing space for additional structures, parking, or future growth. The property benefits from visibility along E. Veterans Memorial Blvd and is located minutes from I-14, offering accessibility and exposure to daily traffic. The property is suited for a range of commercial uses, including a restaurant, retail center, entertainment venue, or multi-use development.
Key Highlights
- Prime commercial property with B‑5 zoning, offering redevelopment or business expansion opportunities.
- Large 2.64‑acre lot allows for additional structures, generous parking, or future growth.
- Excellent visibility on E. Veterans Memorial Blvd. with strong daily traffic.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,918
Cap Rate
6.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$918,360
$918.4K
Cap Rate 7%
$655,971
$656.0K
Cap Rate 9%
$510,200
$510.2K
Market Conditions
NOI Build-Up for 3,390 SF
Gross rent
$69.6K $20.52/SF
− Vacancy
−$4.0K −$1.17/SF
EGI
$65.6K $19.35/SF
− OpEx
−$19.7K −$5.81/SF
NOI
$45.9K $13.55/SF
Area
Bell County, TX
Vacancy
5.70%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$918,360
Cap Rate 7%
$655,971
Cap Rate 9%
$510,200
Alternative Uses
Best Use
Retail
$656.0K
$574.0K – $765.3K
NOI $45,918 @ 7.0% cap · market cap 6.12%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$37.84M
$33.11M – $44.15M
NOI $2,649,122 @ 7.0% cap · market cap 353.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
26
Businesses Nearby
3k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
3,119 visits/mo
0.5 miles
Demographics for 76548, TX
32,714
Population
12,657
Households
2.6
Avg Household Size
34
Median Age
32%
College-Educated
93%
High-School Grad
16.1 sq mi
ZIP Area
2,032
Density / Sq Mi
$80,847
Median Household Income
$44,090
Median Earnings
$1,113
Median Rent
$268,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - B-5 zoned commercial property with redevelopment potential on 2.64 acres.
Where is this retail space located?
The property is located at 1505 E VETERANS MEMORIAL HARKER HEIGHTS TX 76548 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 redevelopment or business expansion opportunities.; Large 2.64‑acre lot allows for additional structures, generous parking, or future growth.; Excellent visibility on E. Veterans Memorial Blvd. with strong daily traffic.
