Building Details

Building Size 1,120 SF

Year Built 1975

Stories 2

Listing Agency: All City Real Estate, Ltd. Co.

Listed By: Ramon Alvarez · License #0680088 Show Phone

Source: Elliman

Added: Oct 16 Last Checked: Oct 16 at 2:06PM

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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 City Real Estate, Ltd. Co.

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Investment Insights

Based on property information with market context.

Built in 1975, this storefront property is located at 327 E Avenue D in Killeen’s historic downtown. The area recently joined the state Main Street program, which offers facade and sign grants to property and business owners. Possible tax abatements and fee waivers are also noted for the area; availability for this property is not specified.

The property has a Walk Score of 53 and a Bike Score of 41, both characterized as somewhat walkable or bikeable, respectively.

Key Highlights

• 1975 construction
• Located at 327 E Avenue D in Killeen’s historic downtown
• Historic downtown participates in the state Main Street program, with facade and sign grants for property and business owners

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$13,322

Cap Rate

3.51%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$266,440 $266.4K

Cap Rate 7%

$190,314 $190.3K

Cap Rate 9%

$148,022 $148.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,120 SF

Gross rent

$20.2K $18.00/SF

− Vacancy

−$1.1K −$1.01/SF

EGI

$19.0K $16.99/SF

− OpEx

−$5.7K −$5.10/SF

NOI

$13.3K $11.89/SF

Area

Killeen, TX

Vacancy

5.60%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$266,440

Cap Rate 7%

$190,314

Cap Rate 9%

$148,022

Alternative Uses

Best Use

Retail

$190.3K

$166.5K – $222.0K (±1% cap)

NOI $13,322 @ 7.0% cap · market cap 3.51%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$269.0K

$235.4K – $313.9K (±1% cap)

NOI $18,831 @ 7.0% cap · market cap 4.96%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Dental Office Building Supply Real Estate Agency Big Box & Wholesale Store Pharmacy Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,583

Businesses Nearby

Under-served

Demand for This Use

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

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Storefront property - The 1975 building is in an area participating in the state Main Street program.

Where is this storefront property located?

The property is located at 327 E Avenue D Killeen, TX.

What is the asking price?

The asking price for this property is $380,000.

What are key features of this property?

This property features: 1975 construction; Located at 327 E Avenue D in Killeen’s historic downtown; Historic downtown participates in the state Main Street program, with facade and sign grants for property and business owners