Three-Suite Mixed-Use
For Sale
$370,000
307 N 8th Street, Killeen, TX 76541
CommercialSale, Killeen, TX
Property Size3,180 SF
Lot Size0.08 Acres
Price / SF$116.35
Days on Market135
Property Features for 307 N 8th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B-5
Subdivision
Killeen Original
Lot features
City Lot, Half To One Acre Lot
Directions
From the intersection of Bus 190/Veterans Memorial Blvd and 8th St, head north on 8th St. The property will be on your left between Ave D and Ave C.
Standard status
Active
APN
55894
Size
3,180 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
KILLEEN ORIGINAL, BLOCK 011, LOT PT 9, 10, (N 60' OF 10 & N 60' OF E 23' OF 9)
Tax Annual Amount
2138
Legal Description
KILLEEN ORIGINAL, BLOCK 011, LOT PT 9, 10, (N 60' OF 10 & N 60' OF E 23' OF 9)
Utilities
Sewer type
Public Sewer
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1955
Floors in Building
1
Flooring type
Carpet, Vinyl
Building materials
Block, Concrete
Listing Agency:
Jim Wright Company
(254) 526-5117
Listed By:
Molly Repasch · License #0554928
(254) 371-9932
Added: Jun 18
Changed: Oct 19
Last Checked: Oct 30 at 2:06AM
MLS# 617333
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.
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Investment Insights
Based on property information with market context.
This 3,180-square-foot mixed-use property contains three suites within a block-and-concrete building constructed in 1955. Suite 307 is operating as a small restaurant, while Suites 309 and 311 are available. Each available suite provides an open layout with one storage area and one restroom, supporting retail, office, or service-oriented uses. Interior finishes include vinyl and carpet flooring, with window-unit cooling throughout the property.
Situated in Killeen’s Historic Downtown District at 307 N 8th Street, the property carries B-5 zoning and benefits from public water and public sewer service. The district has undergone paving, sidewalk, and traffic-flow improvements, with ongoing business growth and redevelopment. The building also features a newer roof and a 0.0799-acre lot.
Situated in Killeen’s Historic Downtown District at 307 N 8th Street, the property carries B-5 zoning and benefits from public water and public sewer service. The district has undergone paving, sidewalk, and traffic-flow improvements, with ongoing business growth and redevelopment. The building also features a newer roof and a 0.0799-acre lot.
Key Highlights
- 3,180‑square‑foot mixed‑use building with three suites
- Suite 307 currently operates as a small restaurant
- Suites 309 and 311 are available for retail, office, or service uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,051
Cap Rate
8.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$601,020
$601.0K
Cap Rate 7%
$429,300
$429.3K
Cap Rate 9%
$333,900
$333.9K
Market Conditions
NOI Build-Up for 3,180 SF
Gross rent
$53.4K $16.80/SF
− Vacancy
−$5.3K −$1.68/SF
EGI
$48.1K $15.12/SF
− OpEx
−$18.0K −$5.67/SF
NOI
$30.1K $9.45/SF
Area
Killeen, TX
Vacancy
10.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$601,020
Cap Rate 7%
$429,300
Cap Rate 9%
$333,900
Alternative Uses
Best Use
Specialty Retail
$660.3K
$577.8K – $770.4K
NOI $46,221 @ 7.0% cap · market cap 12.49%
Second Best
Retail
$540.3K
$472.8K – $630.4K
NOI $37,824 @ 7.0% cap · market cap 10.22%
Theoretical Best
Office A
$763.8K
$668.3K – $891.1K
NOI $53,467 @ 7.0% cap · market cap 14.45%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,583
Businesses Nearby
Explore this area
Business Placement
Demographics for 76541, TX
19,641
Population
10,207
Households
1.9
Avg Household Size
32
Median Age
12%
College-Educated
83%
High-School Grad
4.9 sq mi
ZIP Area
4,008
Density / Sq Mi
$36,739
Median Household Income
$27,869
Median Earnings
$858
Median Rent
$97,500
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Block-and-concrete building with an operating restaurant and two flexible suites for retail, office, or service uses.
Where is this mixed-use property located?
The property is located at 307 N 8th Street Killeen, TX.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: 3,180‑square‑foot mixed‑use building with three suites; Suite 307 currently operates as a small restaurant; Suites 309 and 311 are available for retail, office, or service uses
