Rented Retail Shopping Center
For Sale
$2,350,000
202 E Veterans Memorial Boulevard, Killeen, TX 76541
SINGLE_FAMILY - Killeen, TX
Property Size15,795 SF
Lot Size0.99 Acres
Price / SF$148.78
Days on Market725
Property Features for 202 E Veterans Memorial Boulevard
General Information
Property type
Residential
Property subtype
Retail
Zoning
B-5
Subdivision
Kim Add
Lot features
One To Three Acres, Level
Directions
Take Fort Hood Street North, right on Veterans Memorial Blvd, Plaza is just past the U-Haul store.
Standard status
Active
APN
132801
Size
15,795 SF
Lot size
0.99 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
KIM ADDITION, BLOCK 001, LOT 0001
Tax Annual Amount
35704
Legal Description
KIM ADDITION, BLOCK 001, LOT 0001
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Amenities
large open parking area
marquis
Building Details
Year built
1998
Floors in Building
1
Flooring type
Laminate, Concrete, Carpet
Building materials
Glass, Masonry, MetalFrame
Listing Agency:
Realty Executives Of Killeen · Realty Executives International
(254) 519-2080
Listed By:
Anita Riendeau · License #0289778
(254) 681-1000
Added: Aug 8, 2024
Changed: Jul 31
Last Checked: Aug 2 at 6:06AM
MLS# 553271
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 fully rented shopping center plaza offers a tenant mix that includes Corner Pocket Pool Hall, Papa Johns, Church and Cloud Smoke and Vape. The center includes a large open parking area and a marquis on the property. Interior finishes include laminate, concrete, and carpet flooring, and the building is served by central electric HVAC.
The property is located at 202 E Veterans Memorial Boulevard in Killeen, TX, and sits on a 0.9931-acre lot with 15,795 square feet of space. Construction materials include glass, masonry, and metal framing. Utilities include public water and public sewer.
Built in 1998, the property is positioned as an income-producing retail asset within a B-5 zoning framework.
The property is located at 202 E Veterans Memorial Boulevard in Killeen, TX, and sits on a 0.9931-acre lot with 15,795 square feet of space. Construction materials include glass, masonry, and metal framing. Utilities include public water and public sewer.
Built in 1998, the property is positioned as an income-producing retail asset within a B-5 zoning framework.
Key Highlights
- Fully rented retail plaza with Corner Pocket Pool Hall, Papa Johns, Church, and Cloud Smoke and Vape
- 0.9931‑acre lot with 15,795 SF retail shopping center plaza
- Zoned B‑5
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,251
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 76541, TX
19,641
Population
10,207
Households
1.9
Avg Household Size
32
Median Age
12%
College-Educated
83%
High-School Grad
4.9 sq mi
ZIP Area
4,008
Density / Sq Mi
$36,739
Median Household Income
$27,869
Median Earnings
$858
Median Rent
$97,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
Frequently Asked Questions
What type of property is this?
Shopping center - B-5 zoned shopping center plaza with public water and sewer, central electric HVAC, and multiple retail 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 with Corner Pocket Pool Hall, Papa Johns, Church, and Cloud Smoke and Vape; 0.9931‑acre lot with 15,795 SF retail shopping center plaza; Zoned B‑5
