Flex Space with Loading
For Sale
$729,000
1701 Martin Luther King Jr Blvd, Killeen, TX 76543
Office and warehouse areas support storage, distribution, service, and training operations.
Property Size6,000 SF
Price / SF$121.50
Days on Market49
Property Features for 1701 Martin Luther King Jr Blvd
General Information
Standard status
Active
Size
6,000 SF
Property subtype
Commercial
Building Details
Building Size
6,000 SF
Year Built
1989
Stories
1
Listing Agency:
Jim Wright Company
Listed By:
Molly Repasch · License #0554928
(254) 371-9932
Source:
Elliman
Added: Sep 11
Changed: Oct 25
Last Checked: Oct 28 at 9:05AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex property combines 6,000 square feet of office and warehouse space with a 3,000-square-foot covered awning. Interior improvements include multiple private offices, several restrooms, and an oversized room configured for conferences or training. A loading dock supports receiving and shipping functions.
The property occupies over 1.5 acres at 1701 Martin Luther King Jr Blvd in Killeen, Texas. The site provides room for parking, storage, and ongoing business operations. Built in 1989, the facility accommodates distribution, storage, service, training, and other commercial uses identified for the property.
The property occupies over 1.5 acres at 1701 Martin Luther King Jr Blvd in Killeen, Texas. The site provides room for parking, storage, and ongoing business operations. Built in 1989, the facility accommodates distribution, storage, service, training, and other commercial uses identified for the property.
Key Highlights
- 6,000‑square‑foot office and warehouse facility
- Over 1.5 acres with space for parking, storage, and operations
- 3,000‑square‑foot covered awning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,146
Cap Rate
5.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$862,920
$862.9K
Cap Rate 7%
$616,371
$616.4K
Cap Rate 9%
$479,400
$479.4K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$54.0K $9.00/SF
− Vacancy
−$3.2K −$0.54/SF
EGI
$50.8K $8.46/SF
− OpEx
−$7.6K −$1.27/SF
NOI
$43.1K $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%
$862,920
Cap Rate 7%
$616,371
Cap Rate 9%
$479,400
Alternative Uses
Best Use
Warehouse
$616.4K
$539.3K – $719.1K
NOI $43,146 @ 7.0% cap · market cap 5.92%
Second Best
Flex RnD
$562.6K
$492.3K – $656.4K
NOI $39,382 @ 7.0% cap · market cap 5.40%
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,881 @ 7.0% cap · market cap 13.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
285
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76543, TX
30,545
Population
15,300
Households
2
Avg Household Size
30
Median Age
15%
College-Educated
91%
High-School Grad
35.6 sq mi
ZIP Area
858
Density / Sq Mi
$51,239
Median Household Income
$31,712
Median Earnings
$1,099
Median Rent
$140,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Bennett Catering — 521 S 54th St, Killeen, TX 76543
Frequently Asked Questions
What type of property is this?
Flex space - Office and warehouse areas support storage, distribution, service, and training operations.
Where is this flex space located?
The property is located at 1701 Martin Luther King Jr Blvd Killeen, TX.
What is the asking price?
The asking price for this property is $729,000.
What are key features of this property?
This property features: 6,000‑square‑foot office and warehouse facility; Over 1.5 acres with space for parking, storage, and operations; 3,000‑square‑foot covered awning
