Medical Office Building with Freestanding
For Sale
$875,000
2206 E Central Texas Expressway, Killeen, TX 76543
Medical office building with multiple offices, large lobby, and off-street parking, plus a 40' x 40' freestanding sign.
Property Size6,375 SF
Price / SF$137.25
Days on Market94
Property Features for 2206 E Central Texas Expressway
General Information
Standard status
Active
Size
6,375 SF
Additional Details
Highway Access
Yes
Amenities
large lobby with reception area
Listing Agency:
Jim Wright Company
(254) 526-5117
Listed By:
Jim Wright · License #0181945
(254) 289-3145
Source:
Cornerstone-properties
Added: Jul 28
Changed: Oct 25
Last Checked: Oct 28 at 8:13AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$67,932
Cap Rate
7.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,358,640
$1.4M
Cap Rate 7%
$970,457
$970.5K
Cap Rate 9%
$754,800
$754.8K
Market Conditions
NOI Build-Up for 6,375 SF
Gross rent
$122.4K $19.20/SF
− Vacancy
−$9.2K −$1.44/SF
EGI
$113.2K $17.76/SF
− OpEx
−$45.3K −$7.10/SF
NOI
$67.9K $10.66/SF
Area
Killeen, TX
Vacancy
7.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,358,640
Cap Rate 7%
$970,457
Cap Rate 9%
$754,800
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.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,129
Businesses Nearby
Balanced
Demand for This Use
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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
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Market
Vacancy Rate% for Office in South region
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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 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: 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
