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Stabilized Multi-Tenant Retail Center

3000 Old Fm 440 Road Killeen, TX 76549

Claim this Listing
For Sale
$1,400,000

SINGLE_FAMILY - Killeen, TX

Type:Retail
Property size:
8,580 SF
Lot size:
0.68 Acres
Price / SF:
$163.17/SF
Added:
Jan 4, 2025
Days on Market:
556
Last Refresh:
Jul 14 at 6:06 am

Property Features for 3000 Old Fm 440 Road

General Information

Property type
Residential
Property subtype
Retail
Standard status
Active
APN
331825
Size
8,580 SF
Lot size
0.68 Acres

Taxes and HOA fees

Tax Year
2024
Tax Description
GENTLE GROVE ADDITION REPLAT (LT 1-17 BLK 1, LT 1-20 BLK 2), BLOCK 001, LOT 001A
Tax Annual Amount
19721

Utilities

Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public

Building Details

Year built
2008
Floors in Building
1
Flooring type
Tile, Concrete
Roof type
Metal, Shingle, Composition

Listing agent Saira Khan License #0776630

Listing office DHS Realty 8005 Fallmeadow Circle, Plano, TX

Listing date Jan 4, 2025

MLS# 566001

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.

3000 Old FM 440 Road presents a stabilized, multi-tenant retail center with approximately 8,800 square feet. Constructed in 2008 and described as meticulously maintained, the property totals about 0.68 acres and features multiple storefronts to support a range of retail operations. Current leases operate grossly, with the potential for future lease structure changes, including a possible move toward triple-net.

The center is located on Old FM 440 Road in a densely populated residential area, with over 141,200 residents reported within a five-mile radius. The location also sits near educational institutions, and is approximately three miles west of a retail trade area along the East Central Texas Expressway.

The surrounding retail environment includes access to a wide mix of national and regional retailers listed in the remarks, as well as Killeen Mall on the north side of the East Central Texas Expressway. For additional details or to arrange a viewing, please contact the listing agent.

Key Highlights

  • 8,800‑square‑foot, multi‑tenant retail center at 3000 Old FM 440 Plaza in Killeen, TX
  • Built in 2008 and situated on 0.68 acres on Old FM 440 Road
  • Current leases operate grossly (gross lease structure)

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $154.4k $18.00
− Vacancy −$8.6k −$1.01
EGI $145.8k $16.99
− OpEx −$43.7k −$5.10
NOI $102.1k $11.89
8,580 SF · lease $18.00/SF/yr · vacancy 5.60% · expense 30.00%

Alternative Uses

Best Use
Retail
$1.46M
$1.28M – $1.70M (±1% cap)
NOI $102,054 @ 7.0% cap · market cap 7.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.06M
$1.80M – $2.40M (±1% cap)
NOI $144,259 @ 7.0% cap · market cap 10.30%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Miquell's Gentlemen's Barbershop Barber Shop Mickey's Convenience Food ... Gas Station Buddy's Neighborhood Store Grocery & Convenience Store Einsteins Mind Childcare-Center, ... Daycare Center D & S Fitness Gym & Fitness Center

Suggested Use

Law Firm Dental Office Pharmacy Real Estate Agency Parking Lot & Garage HVAC Service Accounting Firm Kitchen & Bath Showroom Skin Care Clinic Gym & Fitness Center

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

Similar Off Market Nearby

  • KBS food mart Plaza — 3000 Old FM 440 Rd, Killeen, TX 76549

FAQs

What type of property is this?
Shopping center - Multi-tenant retail center built in 2008 with current gross leases and 8,800 square feet.
Where is this shopping center located?
The property is located at 3000 Old Fm 440 Road Killeen, TX.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 8,800‑square‑foot, multi‑tenant retail center at 3000 Old FM 440 Plaza in Killeen, TX; Built in 2008 and situated on 0.68 acres on Old FM 440 Road; Current leases operate grossly (gross lease structure)
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More about this property
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