Killeen Shooting Facility on 4.13
For Sale
$3,200,000
205 Mountain Creek Rd, Killeen, TX 76542
State-of-the-art shooting facility designed for enthusiasts and law enforcement.
Property Size14,196 SF
Lot Size4.13 Acres
Price / SF$225.42
Days on Market240
Property Features for 205 Mountain Creek Rd
General Information
Standard status
Active
Property type
Other industrial properties, Industrial properties
Size
14,196 SF
Lot size
4.13 Acres
Building Details
Year Built
2016
Listing Agency:
(512) 963-3926
Listed By:
Jeffrey
(512) 963-3926
Added: Jan 2
Changed: Mar 16
Investment Insights
Based on property information with market context.
Located at 205 Mountain Creek Road in Killeen, Texas, this property features a 14,196 square-foot facility on 4.13 acres. Originally designed as a reinforced indoor shooting range, the property is adaptable for commercial or industrial use. The structure includes eight 25-meter lanes constructed with military-grade concrete, designed to withstand high-force shooting without chipping. It also features two 20x40 classrooms equipped with full audio-visual systems, suitable for training or events. Additional features include a secure lobby with a vault and office space, along with three on-site residential units. Built with specialized impact-resistant concrete and AR steel partitions, the property is designed for heavy-load operations and tactical training. This state-of-the-art shooting facility is suitable for firearm enthusiasts, military, law enforcement, or related commercial uses.
Key Highlights
- 25‑meter lanes built with military‑grade concrete designed to withstand high‑force shooting without chipping.
- Two classrooms (20×40) equipped with full audio‑visual systems — good for training or events.
- State‑of‑the‑art shooting facility suitable for firearm enthusiasts, military, law enforcement, or related commercial uses.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$89,673
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,793,460
$1.8M
Cap Rate 7%
$1,281,043
$1.3M
Cap Rate 9%
$996,367
$996.4K
Market Conditions
NOI Build-Up for 14,196 SF
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.
Gross rent
$136.3K $9.60/SF
− Vacancy
−$8.2K −$0.58/SF
EGI
$128.1K $9.02/SF
− OpEx
−$38.4K −$2.71/SF
NOI
$89.7K $6.32/SF
Area
Killeen, TX
Vacancy
6.00%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,793,460
Cap Rate 7%
$1,281,043
Cap Rate 9%
$996,367
Alternative Uses
Best Use
Industrial
$1.28M
$1.12M – $1.49M
NOI $89,673 @ 7.0% cap · market cap 2.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.41M
$2.98M – $3.98M
NOI $238,684 @ 7.0% cap · market cap 7.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - State-of-the-art shooting facility designed for enthusiasts and law enforcement.
Where is this industrial property located?
The property is located at 205 Mountain Creek Rd Killeen, TX.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: 25‑meter lanes built with military‑grade concrete designed to withstand high‑force shooting without chipping.; Two classrooms (20×40) equipped with full audio‑visual systems — good for training or events.; State‑of‑the‑art shooting facility suitable for firearm enthusiasts, military, law enforcement, or related commercial uses.
