Medical Office Building with
2206 E Central Texas Expressway Killeen, TX 76543
New
For Sale
$875,000
COMMERCIAL - Killeen, TX
Property Size2,162 SF
Lot Size0.46 Acres
Price / SF$404.72
Days on Market2
Property Features for 2206 E Central Texas Expressway
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Special Needs
- Interior features
- Attic
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- APN
- 131022
- Size
- 2,162 SF
- Lot size
- 0.46 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- FIRST TEXAS ADDITION, BLOCK 001, LOT 0003
- Tax Annual Amount
- 13114
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 1982
- Floors in Building
- 2
- Flooring type
- Laminate
- Building materials
- Frame, Masonry, Stone
Listing Agency:
Jim Wright Company
(254) 526-5117
Listed By:
Jim Wright · License #0181945
(254) 289-3145
Added: Jul 25
Last Checked: Jul 26 at 3:06AM
MLS# 620732
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 property is a medical office building with multiple offices, a large lobby with a reception area, and two ADA bathrooms plus two additional bathrooms on the upper level. The building also includes ample office space configured for both main-floor and upstairs use.
Located with visibility and access to I-14 and W. S. Young Drive, the property also features an approximately 40' x 40' freestanding sign fronting I-14. Off-street parking is available for visitors and staff.
With its office-focused layout and prominent freeway frontage, the building is positioned to serve healthcare-related and office tenants that benefit from dedicated on-site parking and straightforward customer access.
Located with visibility and access to I-14 and W. S. Young Drive, the property also features an approximately 40' x 40' freestanding sign fronting I-14. Off-street parking is available for visitors and staff.
With its office-focused layout and prominent freeway frontage, the building is positioned to serve healthcare-related and office tenants that benefit from dedicated on-site parking and straightforward customer access.
Key Highlights
- 40' x 40' free‑standing sign fronting I‑14
- Great visibility and access to I‑14 and W.S. Young Drive
- Year built: 1982
Financial Insights For Office B
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 | $46.7k | $21.60 |
| − Vacancy | −$8.6k | −$3.97 |
| EGI | $38.1k | $17.63 |
| − OpEx | −$9.5k | −$4.41 |
| NOI | $28.6k | $13.22 |
2,162 SF · lease $21.60/SF/yr · vacancy 18.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$408.3K
$357.3K – $476.3K
NOI $28,580 @ 7.0% cap · market cap 3.27%
Second Best
Healthcare Medical
$329.1K
$288.0K – $384.0K
NOI $23,038 @ 7.0% cap · market cap 2.63%
Theoretical Best
Office A
$519.3K
$454.4K – $605.9K
NOI $36,351 @ 7.0% cap · market cap 4.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Cedar Crest Hospital ...
Medical Clinic
Cedar Crest Counseling ...
Medical Clinic
Coldwell Banker Commercial ...
Real Estate Agency
Dr. Ramil T. ...
Physician
Puls Medical Group
Medical Group
Similar Off Market Nearby
- Banfield Pet Hospital — 2500 E Central Texas Expy Ste D, Killeen, TX 76543
- Animal Emergency Center of Killeen — 2808 illinois ave, killeen, tx 76543
- Bocalan Texas — 1102 Winkler Ave, Killeen, TX 76542
FAQs
What type of property is this?
Medical Office Space - Medical office building with multiple offices, large lobby, and two ADA bathrooms, plus an approximately 40-by-40 freestanding sign.
Where is this medical office space located?
The property is located at 2206 E Central Texas Expressway Killeen, TX.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 40' x 40' free‑standing sign fronting I‑14; Great visibility and access to I‑14 and W.S. Young Drive; Year built: 1982
