Medical Office Building with Freestanding
New
For Sale
$875,000
2206 E Central Texas Expy, Killeen, TX 76543
Medical office building with multiple offices, large lobby, and off-street parking, plus a 40' x 40' freestanding sign.
Days on Market3
Property Features for 2206 E Central Texas Expy
General Information
Standard status
Active
Property subtype
Commercial
Additional Details
Highway Access
Yes
Amenities
large lobby with reception area
Building Details
Building Size
6,375 SF
Year Built
1982
Listing Agency:
Jim Wright Company
(254) 289-3145
Listed By:
Jim Wright · License #0181945
(254) 289-3145
Source:
Elliman
Added: Jul 28
Changed: Jul 29
Last Checked: Jul 30 at 11:19AM
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 Jim Wright Company
Investment Insights
Based on property information with market context.
This freestanding medical office building includes multiple offices, a large lobby with reception area, and two ADA bathrooms plus two additional bathrooms on the upstairs level. The property is served by substantial off-street parking and features a 40' x 40' freestanding sign fronting I-14.
The building offers visibility and access to I-14 and W.S. Young Drive, supporting convenient arrival for patients, staff, and visitors. With its office layout and accommodating restroom count, the space is designed for day-to-day healthcare or related professional use.
The building offers visibility and access to I-14 and W.S. Young Drive, supporting convenient arrival for patients, staff, and visitors. With its office layout and accommodating restroom count, the space is designed for day-to-day healthcare or related professional use.
Key Highlights
- 1982‑built medical office building with multiple offices and a large lobby with reception area
- 40' x 40' freestanding sign fronting I‑14
- Multiple offices plus 2 ADA bathrooms and 2 additional bathrooms upstairs
Financial Insights For Healthcare Medical
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 | $122.4k | $19.20 |
| − Vacancy | −$9.2k | −$1.44 |
| EGI | $113.2k | $17.76 |
| − OpEx | −$45.3k | −$7.10 |
| NOI | $67.9k | $10.66 |
6,375 SF · lease $19.20/SF/yr · vacancy 7.50% · expense 40.00%
Alternative Uses
Best Use
Office B
$1.20M
$1.05M – $1.40M
NOI $84,272 @ 7.0% cap · market cap 9.63%
Second Best
Healthcare Medical
$970.5K
$849.2K – $1.13M
NOI $67,932 @ 7.0% cap · market cap 7.76%
Theoretical Best
Office A
$1.53M
$1.34M – $1.79M
NOI $107,186 @ 7.0% cap · market cap 12.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
550
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76543, TX
30,545
Population
15,300
Households
2
Avg Household Size
30
Median Age
15%
College-Educated
91%
High-School Grad
35.6 sq mi
ZIP Area
858
Density / Sq Mi
$51,239
Median Household Income
$31,712
Median Earnings
$1,099
Median Rent
$140,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Banfield Pet Hospital — 2500 E Central Texas Expy Ste D, Killeen, TX 76543
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- Bocalan Texas — 1102 Winkler Ave, Killeen, TX 76542
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office building with multiple offices, large lobby, and off-street parking, plus a 40' x 40' freestanding sign.
Where is this medical office space located?
The property is located at 2206 E Central Texas Expy 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: 1982‑built medical office building with multiple offices and a large lobby with reception area; 40' x 40' freestanding sign fronting I‑14; Multiple offices plus 2 ADA bathrooms and 2 additional bathrooms upstairs
