Listing Agency: The Real Estate Home Team Llc Show Phone

Listed By: Tricia Andrew-Daley · License #0614076 Show Phone

Source: Exprealty

Added: Aug 26 Changed: Oct 13 Last Checked: Oct 20 at 9:47PM

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Investment Insights

Based on property information with market context.

Located at 2900 Trimmier Road in Killeen, this 6,768-square-foot medical office building is positioned near established businesses, residential communities, and a high school. The property is suited to continued medical use or adaptation for other professional services.

Potential applications identified for the building include dental care, daycare, wellness services, spa operations, beauty services, and multi-business occupancy.

Key Highlights

• 6,768‑square‑foot medical office building
• Located at 2900 Trimmier Road, Killeen, TX 76542
• Near businesses, residential communities, and a high school

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$72,120

Cap Rate

8.24%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,442,400 $1.4M

Cap Rate 7%

$1,030,286 $1.0M

Cap Rate 9%

$801,333 $801.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,768 SF

Gross rent

$129.9K $19.20/SF

− Vacancy

−$9.7K −$1.44/SF

EGI

$120.2K $17.76/SF

− OpEx

−$48.1K −$7.10/SF

NOI

$72.1K $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%

$1,442,400

Cap Rate 7%

$1,030,286

Cap Rate 9%

$801,333

Alternative Uses

Best Use

Office B

$1.28M

$1.12M – $1.49M (±1% cap)

NOI $89,468 @ 7.0% cap · market cap 10.22%

Second Best

Healthcare Medical

$1.03M

$901.5K – $1.20M (±1% cap)

NOI $72,120 @ 7.0% cap · market cap 8.24%

Theoretical Best

Office A

$1.63M

$1.42M – $1.90M (±1% cap)

NOI $113,793 @ 7.0% cap · market cap 13.00%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Gelzer Ronald L ... Pediatrician Dr. Omega Elmore, ... Physician

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Storage Facility Electrical Service Parking Lot & Garage Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

803

Businesses Nearby

Balanced

Demand for This Use

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 Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Similar Off Market Nearby

• Ledger Austin DVM — 505 E Elms Rd, Killeen, TX 76542
• Town & Country Veterinary Medical Center — 505 E Elms Rd, Killeen, TX 76542
• Gene W. Ray, DVM — 505 E Elms Rd, Killeen, TX 76542
• Bocalan Texas — 1102 Winkler Ave, Killeen, TX 76542

Frequently Asked Questions

What type of property is this?

Medical Office Space - Flexible professional-services property near businesses, residential communities, and a high school.

Where is this medical office space located?

The property is located at 2900 Trimmier Road 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: 6,768‑square‑foot medical office building; Located at 2900 Trimmier Road, Killeen, TX 76542; Near businesses, residential communities, and a high school