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    Retail Suite in Elms Run Title is generated by Realmo AI

    1900 E Elms Road, Killeen, TX 76542

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    Claim this Listing
    For Lease
    $2,625/Mo $21 SF/Yr (calc)

    COMMERCIAL - Killeen, TX

    Type:Office
    Property size:
    1,500 SF
    Lot size:
    1.66 Acres
    Added:
    Oct 30, 2024
    Days on Market:
    565
    Last Refresh:
    May 17 at 6:06 pm

    Property Features for 1900 E Elms Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Zoning
    B-3
    Standard status
    Active
    APN
    3868652
    Size
    1,500 SF
    Lot size
    1.66 Acres

    Taxes and HOA fees

    Tax Description
    ELMS RUN COMMERCIAL WEST, BLOCK 001, LOT 0001, ACRES 1.66

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Electric, Central Air
    Water source
    Public

    Building Details

    Year built
    2007
    Floors in Building
    1
    Flooring type
    Concrete
    Building materials
    Brick, Stucco
    Roof type
    Flat

    We can help!

    Listing Contact
    Lauren Reider-Hallmark

    Listing agent Lauren Reider-Hallmark License #0635363

    Listing office John Reider Properties II, Ltd 455 E Central TX Expwy Suite #101, TX

    Listing date Oct 30, 2024

    MLS# 561288

    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.

    HighLights

    • High‑visibility location within the Elms Run shopping center with ample parking and easy access.
    • Versatile space suitable for retail, professional office, or medical use.
    • Finished 1,500 sqft retail suite, ready for immediate occupancy.
    • Modified Gross lease terms with landlord covering trash and water expenses.
    • Located in a commercial area with established businesses.
    • Building constructed in 2007 with brick and stucco construction.

    Overview

    This 1,500 sqft finished retail suite, formerly a computer repair store, is available now. It is located in the Elms Run multi-tenant shopping center, which offers great visibility, access, and parking. The property is ideal for retail, professional office, or medical use. Other businesses in Elms Run include The Hair Lounge Salon, Felicity Nails And Spa, Fiber One, Edward Jones, All City Real Estate, Laurel Ridge, and Regional Finance. The base rent rate is based on a 5-year lease at $1.75 per sqft, which calculates to $2,625.00 per month for this unit. The lease is modified gross. The landlord pays for the property trash dumpster and water, while the tenant pays all other utilities. The building square footage is 18,000 sqft. The property is located in the Elms Run Commercial West neighborhood with street frontage on Elms Road and Elms Run. The suite features commercial carpet flooring and one restroom. The zoning is B-3. The property has a finished shell.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dr. Joel Kutnick, ... Physician Laurel Ridge Treatment ... Medical Clinic Zsamekrien Steed- All ... Real Estate Agency Kendra Barger TX ... Real Estate Agency Kristin Butler TX ... Real Estate Agency

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

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    Location Insight

    • Map
    • Local Demand
    City
    Killeen
    County
    Bell
    State
    Texas
    Longitude
    -97.7283858
    Latitude
    31.077974

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    FAQs

    What type of property is this?
    Shopping center - 1,500 sqft retail suite in a multi-tenant shopping center.
    Where is this shopping center located?
    The property is located at 1900 E Elms Road Killeen, TX.
    What is the lease rate?
    The lease rate is $2,625 /Mo.
    What are key features of this property?
    This property features: High‑visibility location within the Elms Run shopping center with ample parking and easy access.; Versatile space suitable for retail, professional office, or medical use.; Finished 1,500 sqft retail suite, ready for immediate occupancy.
    (254) 291-0515
    We can help!
    Listing Contact
    Lauren Reider-Hallmark
    Real Estate License ID: 0635363
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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