Leased
301 Jeff Gordon Drive, Harker Heights, TX 76548
For Sale
$315,000
Both residences are occupied under separate leases extending into 2027.
Property Size2,316 SF
Price / SF$136.01
Days on Market11
Property Features for 301 Jeff Gordon Drive
General Information
Standard status
Size
Property subtype
Additional Details
Tenant in Place
Amenities
Ceiling Fan(s)
Walk-In Closet(s)
Pantry
Building Details
Building Size
Year Built
Units
Listing Agency:
All Texas Homes LLC
(254) 258-0777
Listed By:
Dagmar Rogers
Source:
Bluebonnetrealty
Added: Nov 3
Changed: Nov 7
Last Checked: Nov 11 at 9:20PM
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 All Texas Homes LLC
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Investment Insights
Based on property information with market context.
Built in 2005, this duplex in Harker Heights has two residences, each currently leased. One lease runs through March 2027, and the other continues through May 31, 2027.
The property is near shopping and Fort Hood, with East Bell County and the Belton and Temple areas a short drive away.
The property is near shopping and Fort Hood, with East Bell County and the Belton and Temple areas a short drive away.
Key Highlights
- Two residences currently leased through March 2027 and May 31, 2027
- Built in 2005
- Near shopping and Fort Hood; a short drive from East Bell County, Belton, and Temple
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,017
Cap Rate
6.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$400,340
$400.3K
Cap Rate 7%
$285,957
$286.0K
Cap Rate 9%
$222,411
$222.4K
Market Conditions
NOI Build-Up for 2,316 SF
Gross rent
$30.6K $13.20/SF
− Vacancy
−$2.0K −$0.85/SF
EGI
$28.6K $12.35/SF
− OpEx
−$8.6K −$3.70/SF
NOI
$20.0K $8.64/SF
Area
Bell County, TX
Vacancy
6.46%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$400,340
Cap Rate 7%
$285,957
Cap Rate 9%
$222,411
Alternative Uses
Best Use
Multifamily LT 5
$286.0K
$250.2K – $333.6K
NOI $20,017 @ 7.0% cap · market cap 6.35%
Second Best
Apartment 5plus
$264.6K
$231.5K – $308.7K
NOI $18,520 @ 7.0% cap · market cap 5.88%
Theoretical Best
Office A
$814.7K
$712.9K – $950.5K
NOI $57,029 @ 7.0% cap · market cap 18.10%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
952
Businesses Nearby
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Business Placement
Demographics for 76548, TX
32,714
Population
12,657
Households
2.6
Avg Household Size
34
Median Age
32%
College-Educated
93%
High-School Grad
16.1 sq mi
ZIP Area
2,032
Density / Sq Mi
$80,847
Median Household Income
$44,090
Median Earnings
$1,113
Median Rent
$268,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Harker Heights, TX
Properties on Market for Duplexes in Harker Heights
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are occupied under separate leases extending into 2027.
Where is this duplex located?
The property is located at 301 Jeff Gordon Drive Harker Heights, TX.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Two residences currently leased through March 2027 and May 31, 2027; Built in 2005; Near shopping and Fort Hood; a short drive from East Bell County, Belton, and Temple
