Brick Duplex with Tile
For Sale
$289,000
3015 Cantabrian Dr, Killeen, TX 76542
Fully occupied duplex with brick construction, tile flooring, and leases extending into 2027.
Property Size2,226 SF
Price / SF$129.83
Days on Market108
Property Features for 3015 Cantabrian Dr
General Information
Standard status
Active
Size
2,226 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Occupancy
100%
Property Condition
Severity
Repairs Needed
Evidence
little repairs needed
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Parking per Unit
1
Building Details
Year Built
2001
Buildings
1
Listing Agency:
Centex Sunshine Realty
(877) 275-9690
Listed By:
Suky Simms (254) 300-8228 · License #0591818
Source:
Magnoliarealtywaco
Added: May 13
Changed: Aug 28
Last Checked: Aug 28 at 4:45AM
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 Centex Sunshine Realty
Investment Insights
Based on property information with market context.
Built in 2001, this duplex contains 2,226 square feet with two residential units. Both units offer three bedrooms, two full bathrooms, and a one-car garage, with brick construction and tile flooring throughout the living areas.
The property is located at 3015 Cantabrian Dr in Killeen, Texas. Current leases are scheduled to end in March 2027 and May 2027, providing staggered lease expirations for the two units.
The property is located at 3015 Cantabrian Dr in Killeen, Texas. Current leases are scheduled to end in March 2027 and May 2027, providing staggered lease expirations for the two units.
Key Highlights
- 2,226‑square‑foot duplex built in 2001
- Each unit includes 3 bedrooms and 2 full bathrooms
- One‑car garage provided for each unit
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
$19,240
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
6.66%
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%
$384,800
$384.8K
Cap Rate 7%
$274,857
$274.9K
Cap Rate 9%
$213,778
$213.8K
Market Conditions
NOI Build-Up for 2,226 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
$29.4K $13.20/SF
− Vacancy
−$1.9K −$0.85/SF
EGI
$27.5K $12.35/SF
− OpEx
−$8.2K −$3.70/SF
NOI
$19.2K $8.64/SF
Area
Killeen, 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 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%
$384,800
Cap Rate 7%
$274,857
Cap Rate 9%
$213,778
Alternative Uses
Best Use
Multifamily LT 5
$274.9K
$240.5K – $320.7K
NOI $19,240 @ 7.0% cap · market cap 6.66%
Second Best
Apartment 5plus
$254.3K
$222.5K – $296.7K
NOI $17,800 @ 7.0% cap · market cap 6.16%
Theoretical Best
Office A
$534.7K
$467.8K – $623.8K
NOI $37,427 @ 7.0% cap · market cap 12.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
534
Businesses Nearby
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 Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied duplex with brick construction, tile flooring, and leases extending into 2027.
Where is this duplex located?
The property is located at 3015 Cantabrian Dr Killeen, TX.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: 2,226‑square‑foot duplex built in 2001; Each unit includes 3 bedrooms and 2 full bathrooms; One‑car garage provided for each unit
