Fully Rented Retail
202 E Veterans Memorial Boulevard Killeen, TX 76541
For Sale
$2,350,000
Retail plaza in Killeen, fully rented to multiple tenants.
Property Size15,795 SF
Lot Size0.99 Acres
Price / SF$148.78
Days on Market718
Property Features for 202 E Veterans Memorial Boulevard
General Information
- Standard status
- Active
- Size
- 15,795 SF
- Lot size
- 0.99 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1998
Listing Agency:
Realty Executives Of Killeen
(254) 681-1000
Listed By:
Anita Riendeau · License #0289778
(254) 681-1000
Source:
Exitrealty
Added: Aug 9, 2024
Changed: Jul 6
Last Checked: Jul 26 at 9:21AM
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 Realty Executives Of Killeen
Investment Insights
Based on property information with market context.
This fully rented retail plaza is located in the heart of Killeen. The property has a large, open parking area and a marquis. Current tenants include a pool hall, a pizza restaurant, a church, and a smoke and vape shop. The property size is 15795 square feet.
Key Highlights
- Fully rented retail plaza offering immediate income.
- Located in the heart of Killeen, providing high visibility.
- Tenants include Papa Johns, a well‑known brand.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $284.3k | $18.00 |
| − Vacancy | −$15.9k | −$1.01 |
| EGI | $268.4k | $16.99 |
| − OpEx | −$80.5k | −$5.10 |
| NOI | $187.9k | $11.89 |
15,795 SF · lease $18.00/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.68M
$2.35M – $3.13M
NOI $187,872 @ 7.0% cap · market cap 7.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.79M
$3.32M – $4.43M
NOI $265,568 @ 7.0% cap · market cap 11.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Cloud smoke & vape
(Bike/Boat/Book/etc) Store
Corner Pocket
Arcade & Gaming Center
Iglesia Cristiana Pentecostes ...
Church
Papa John's Pizza
Restaurant
Hunter Office
Law Firm
Similar Off Market Nearby
- Rancier Minimax Shopping Center — 1306 E Rancier Ave, Killeen, TX 76541
- Midtown Mall — 1001 E Veterans Memorial Blvd, Killeen, TX 76541
FAQs
What type of property is this?
Shopping center - Retail plaza in Killeen, fully rented to multiple tenants.
Where is this shopping center located?
The property is located at 202 E Veterans Memorial Boulevard Killeen, TX.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: Fully rented retail plaza offering immediate income.; Located in the heart of Killeen, providing high visibility.; Tenants include Papa Johns, a well‑known brand.
