Masonry Flex Building With Bay
For Sale
$699,600
1520 S Fort Hood Street, Killeen, TX 76542
CommercialSale, Killeen, TX
Property Size5,750 SF
Lot Size0.37 Acres
Price / SF$121.67
Days on Market349
Property Features for 1520 S Fort Hood Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B-5
Subdivision
South Gate
Lot features
City Lot, Quarter To Half Acre Lot
Elementary school district
Killeen ISD
Middle school district
Killeen ISD
High school district
Killeen ISD
Directions
From I-14 go north for about a 1/4 mile and the property is on the right.
Standard status
Active
APN
49412
Size
5,750 SF
Lot size
0.37 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SOUTH GATE, BLOCK 010, LOT PT 13, (N 80' OF 13)
Tax Annual Amount
4176
Legal Description
SOUTH GATE, BLOCK 010, LOT PT 13, (N 80' OF 13)
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Amenities
bay door
paved parking
Building Details
Year built
1973
Floors in Building
1
Flooring type
Linoleum
Building materials
Masonry
Listing Agency:
Jim Wright Company
(254) 526-5117
Listed By:
Jim Wright · License #0181945
(254) 289-3145
Added: Oct 30, 2025
Changed: Sep 14
Last Checked: Oct 13 at 5:06AM
MLS# 596083
Copyright © 2026 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 5,750-square-foot flex property occupies a 0.3673-acre site and was constructed in 1973 with masonry materials. The building includes warehouse area at the rear with a bay door, along with linoleum flooring and central electric heating and cooling. Public water and public sewer serve the property, and B-5 zoning is in place.
Located at 1520 S Fort Hood Street in Killeen, the property provides access from Highway 195 and includes paved on-site parking. Its proximity to Fort Hood adds an established institutional reference point within the surrounding area.
Located at 1520 S Fort Hood Street in Killeen, the property provides access from Highway 195 and includes paved on-site parking. Its proximity to Fort Hood adds an established institutional reference point within the surrounding area.
Key Highlights
- 5,750‑square‑foot flex building on a 0.3673‑acre lot
- Rear warehouse area with bay door
- Masonry construction completed in 1973
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,348
Cap Rate
5.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$826,960
$827.0K
Cap Rate 7%
$590,686
$590.7K
Cap Rate 9%
$459,422
$459.4K
Market Conditions
NOI Build-Up for 5,750 SF
Gross rent
$51.8K $9.00/SF
− Vacancy
−$3.1K −$0.54/SF
EGI
$48.6K $8.46/SF
− OpEx
−$7.3K −$1.27/SF
NOI
$41.3K $7.19/SF
Area
Killeen, TX
Vacancy
6.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$826,960
Cap Rate 7%
$590,686
Cap Rate 9%
$459,422
Alternative Uses
Best Use
Warehouse
$590.7K
$516.9K – $689.1K
NOI $41,348 @ 7.0% cap · market cap 5.91%
Second Best
Flex RnD
$539.2K
$471.8K – $629.0K
NOI $37,741 @ 7.0% cap · market cap 5.39%
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,677 @ 7.0% cap · market cap 13.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
575
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76542, TX
53,312
Population
21,027
Households
2.5
Avg Household Size
32
Median Age
29%
College-Educated
94%
High-School Grad
63.0 sq mi
ZIP Area
846
Density / Sq Mi
$72,891
Median Household Income
$42,506
Median Earnings
$1,237
Median Rent
$228,500
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 Industrial in South region
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Similar Off Market Nearby
- SZ Delights: Funnel Cake Factory — 1624 S Fort Hood St, Killeen, TX 76542
Frequently Asked Questions
What type of property is this?
Flex space - Masonry commercial building with rear warehouse space, paved parking, and access from Highway 195.
Where is this flex space located?
The property is located at 1520 S Fort Hood Street Killeen, TX.
What is the asking price?
The asking price for this property is $699,600.
What are key features of this property?
This property features: 5,750‑square‑foot flex building on a 0.3673‑acre lot; Rear warehouse area with bay door; Masonry construction completed in 1973
