Medical Office
New
For Sale
$875,000
2900 Trimmier Road, Killeen, TX 76542
CommercialSale, Killeen, TX
Property Size6,768 SF
Lot Size0.75 Acres
Price / SF$129.28
Days on Market2
Property Features for 2900 Trimmier Road
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Driveway
Subdivision
Isdale Add Ext
Lot features
City Lot, Half To One Acre Lot
Elementary school district
Killeen ISD
Middle school district
Killeen ISD
High school district
Killeen ISD
Directions
From I-14, turn left onto Trimmier rd. The building is just past the HEB on your left.
Standard status
Active
APN
54154
Size
6,768 SF
Lot size
0.75 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
ISDALE ADDITION EXTENSION, BLOCK 001, LOT PT 1, (W PT OF 1, 198' X 171' X 193' X 170'), ACRES .749
Tax Annual Amount
12461
Legal Description
ISDALE ADDITION EXTENSION, BLOCK 001, LOT PT 1, (W PT OF 1, 198' X 171' X 193' X 170'), ACRES .749
Utilities
Sewer type
Public Sewer
Cooling system
Heat Pump
Water source
Public
Building Details
Year built
1970
Floors in Building
1
Flooring type
Carpet, Linoleum
Building materials
StoneVeneer, WoodSiding
Listing Agency:
Compass Re Texas, Llc
(214) 814-8100
Listed By:
Tricia Andrew-Daley · License #0614076
(254) 423-6914
Added: Aug 26
Last Checked: Aug 27 at 12:06AM
MLS# 623687
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 6,768-square-foot medical office property was built in 1970 and combines stone veneer and wood siding with linoleum and carpet flooring. A heat-pump cooling system, driveway parking, public water, and public sewer support the existing building configuration.
The property occupies 0.749 acres at 2900 Trimmier Road in Killeen, Texas. Its surrounding context includes businesses, residential communities, and a high school, providing a setting suited to continued medical-office use or other professional services identified for the property.
The building is presented as a medical office asset with potential for professional applications including dental, daycare, wellness, spa, beauty, and multi-business use, subject to applicable approvals and requirements.
The property occupies 0.749 acres at 2900 Trimmier Road in Killeen, Texas. Its surrounding context includes businesses, residential communities, and a high school, providing a setting suited to continued medical-office use or other professional services identified for the property.
The building is presented as a medical office asset with potential for professional applications including dental, daycare, wellness, spa, beauty, and multi-business use, subject to applicable approvals and requirements.
Key Highlights
- 6,768 square feet on 0.749 acres
- Medical office building constructed in 1970
- Stone veneer and wood siding exterior
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$72,120
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.24%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,442,400
$1.4M
Cap Rate 7%
$1,030,286
$1.0M
Cap Rate 9%
$801,333
$801.3K
Market Conditions
NOI Build-Up for 6,768 SF
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $89,468 @ 7.0% cap · market cap 10.22%
Second Best
Healthcare Medical
$1.03M
$901.5K – $1.20M
NOI $72,120 @ 7.0% cap · market cap 8.24%
Theoretical Best
Office A
$1.63M
$1.42M – $1.90M
NOI $113,793 @ 7.0% cap · market cap 13.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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Similar Off Market Nearby
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- 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 - Versatile professional property with established medical-office configuration and access to public water and sewer.
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 feet on 0.749 acres; Medical office building constructed in 1970; Stone veneer and wood siding exterior
