Building Details

Building Size 2,060 SF

Year Built 1975

Buildings 3

Stories 1

Construction modular

Listing Agency: Jim Wright Company

Listed By: Molly Repasch · License #0554928 Show Phone

Source: Elliman

Added: Oct 14 Changed: Oct 15 Last Checked: Oct 15 at 2:10AM

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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 Jim Wright Company

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Investment Insights

Based on property information with market context.

This automotive property includes a modular building, two shops, and fenced parking. The modular structure may accommodate office space. The site is currently used as a wrecking yard, and the improvements date to 1975. Zoning is University District; buyers should confirm permitted uses and any applicable exceptions with the City of Killeen.

The property is near the junction of Highway 195 (Fort Hood Street) and Stagecoach Road, next to the Killeen Economic Development Corporation’s Wolf Technology Park.

Key Highlights

• Two shops and fenced parking on site
• Modular building with potential office use
• Currently operating as a wrecking yard

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$24,502

Cap Rate

9.18%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$490,040 $490.0K

Cap Rate 7%

$350,029 $350.0K

Cap Rate 9%

$272,244 $272.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,060 SF

Gross rent

$37.1K $18.00/SF

− Vacancy

−$2.1K −$1.01/SF

EGI

$35.0K $16.99/SF

− OpEx

−$10.5K −$5.10/SF

NOI

$24.5K $11.89/SF

Area

Killeen, TX

Vacancy

5.60%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$490,040

Cap Rate 7%

$350,029

Cap Rate 9%

$272,244

Alternative Uses

Best Use

Retail

$350.0K

$306.3K – $408.4K (±1% cap)

NOI $24,502 @ 7.0% cap · market cap 9.18%

Second Best

Industrial

$185.9K

$162.7K – $216.9K (±1% cap)

NOI $13,013 @ 7.0% cap · market cap 4.87%

Theoretical Best

Office A

$494.8K

$433.0K – $577.3K (±1% cap)

NOI $34,636 @ 7.0% cap · market cap 12.97%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Jones Corner Auto Repair Shop

Suggested Use

Top Pick Real Estate Agency Building Supply Auto Parts Store Big Box & Wholesale Store HVAC Service Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Fenced yard

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

57

Businesses Nearby

Well-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

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Automotive property - University District zoning and multiple on-site work areas define this automotive property.

Where is this automotive property located?

The property is located at 167 Stagecoach Rd Killeen, TX.

What is the asking price?

The asking price for this property is $267,000.

What are key features of this property?

This property features: Two shops and fenced parking on site; Modular building with potential office use; Currently operating as a wrecking yard