Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    249 Robert Griffin III Dr Copperas Cove, TX

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Retail space in HEB-anchored development with highway access.

    Type:RETAIL
    Property size:
    7,500 SF
    Lot size:
    6.19 Acres
    Added:
    Apr 4, 2022
    Days on Market:
    1482
    Last Refresh:
    Apr 5 at 11:25 pm

    Property Features for 249 Robert Griffin III Dr

    General Information

    Standard status
    Active
    Size
    7,500 SF
    Lot size
    6.19 Acres
    Property subtype
    RETAIL

    Properties For Sale

    at 249 Robert Griffin III Dr Contact us

    We can help!

    Listing Contact
    Dan Frey

    Listing agent Dan Frey

    Listing office Endeavor Real Estate Group

    Listing date Apr 4, 2022

    Source Moodyscre

    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 Endeavor Real Estate Group

    Overview

    Retail Space Near Highway 190

    This 7,500-square-foot retail space is located at the intersection of the SH 190 South bypass and SH 190 North bypass. The property is part of an HEB-anchored master-planned development and is adjacent to a Super Walmart. It features three points of ingress and egress from Highway 190.
    Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Copperas Cove
    County
    Coryell
    State
    Texas
    Longitude
    -97.9031
    Latitude
    31.1241

    Nearby Similar for Sale

    • $575,000
      6,540 SF

      Commercial Investment Property in Copperas Cove

      Partially rented commercial complex on the main thoroughfare.
      2210 E Business 190, Copperas Cove, TX 76522
      View Details
    • $420,000
      2,584 SF

      Copperas Cove Multi-Family Property

      Multi-family property for sale in Copperas Cove, Texas.
      1016 Cline Drive, Copperas Cove, TX 76522
      View Details
    • $148,900
      4,992 SF

      Historic Mixed-Use Building in Copperas Cove

      Two-story, 4,900+ sq ft building with adaptive-reuse potential.
      217 S Main Street, Copperas Cove, TX 76522
      View Details
    • $399,000
      2,400 SF

      Copperas Cove Fourplex Investment Opportunity

      Four-unit multifamily property near Fort Cavazos, ideal for investors.
      905-911 S 17th Street, Copperas Cove, TX 76522
      View Details
    • $399,999
      2,500 SF

      Copperas Cove Retail/Automotive Property

      Retail or automotive property in Copperas Cove, Texas for sale.
      983 Cline Drive, Copperas Cove, TX 76522
      View Details
    • $399,999
      2,500 SF

      Contemporary Duplex in Copperas Cove

      Stylish duplex near schools and Ft Hood, ideal for families.
      977 Cline Drive, Copperas Cove, TX 76522
      View Details
    • $530,000
      4,032 SF

      Copperas Cove Multifamily Investment Opportunity

      Well-maintained 6-plex with updated flooring and covered parking.
      905 N Main Street, Copperas Cove, TX 76522
      View Details
    • $235,000
      1,838 SF

      Well-Maintained Duplex with Income Potential

      Duplex with recent updates, immediate income, and flexible occupancy.
      1226 Walt Morgan Circle, Copperas Cove, TX 76522
      View Details
    • $259,000
      2,520 SF

      Copperas Cove Fourplex Investment

      Well-maintained fourplex near Fort Hood, great investment opportunity.
      512 Sunset Lane, Copperas Cove, TX 76522
      View Details
    • $399,999
      2,588 SF

      Luxury Duplex in Copperas Cove

      New duplex with modern features, ideal for homeowners or investors.
      504 Adley Avenue, Copperas Cove, TX 76522
      View Details
    • $289,900
      2,244 SF

      Copperas Cove Duplex Investment Opportunity

      Income-producing duplex with flexible lease terms in Copperas Cove.
      308 Primrose Drive, Copperas Cove, TX 76522
      View Details
    • $3,810,000
      21,556 SF

      Operational Church with School Building

      Pristine church and school buildings with ample parking.
      502 W Business 190 Highway, Copperas Cove, TX 76522
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space in HEB-anchored development with highway access.
    Where is this retail space located?
    The property is located at 249 Robert Griffin III Dr Copperas Cove, TX.
    What are key features of this property?
    This property features: HEB‑anchored master planned development; 3 ingress/egress points for Hwy 190; At the intersections of SH 190 South bypass & SH 190 North bypass
    (512) 682-5500 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Dan Frey
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!