Medical Office
For Sale
$875,000
2900 Trimmier Road, Killeen, TX 76542
Flexible professional-services property near businesses, residential communities, and a high school.
Property Size6,768 SF
Price / SF$129.28
Days on Market12
Property Features for 2900 Trimmier Road
General Information
Standard status
Active
Size
6,768 SF
Listing Agency:
The Real Estate Home Team Llc
(254) 213-2708
Listed By:
Tricia Andrew-Daley · License #0614076
(254) 423-6914
Source:
Exprealty
Added: Aug 26
Changed: Sep 5
Last Checked: Sep 5 at 3:52PM
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 The Real Estate Home Team Llc
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.
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 = 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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
