Downtown Retail
For Sale
$475,000
334 E Avenue D, Killeen, TX 76541
CommercialSale, Killeen, TX
Property Size3,450 SF
Lot Size0.08 Acres
Price / SF$137.68
Days on Market10
Property Features for 334 E Avenue D
General Information
Property type
Commercial Sale
Property subtype
Retail
Subdivision
Killeen Original
Lot features
City Lot, Less Than Quarter Acre
Directions
From I-14, take the Downtown Killeen exit and head north on N 8th Street. Turn right onto E Avenue D. Property is located at 334 E Avenue D in Downtown Killeen, near the corner of E Avenue D and N 8th Street
Standard status
Active
APN
39235
Size
3,450 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
KILLEEN ORIGINAL, BLOCK 015, LOT 0010
Tax Annual Amount
3553
Legal Description
KILLEEN ORIGINAL, BLOCK 015, LOT 0010
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1948
Floors in Building
1
Flooring type
Laminate, Tile
Building materials
Masonry
Listing Agency:
Hustle House Realty
(254) 290-1857
Listed By:
Carlos Pineda · License #0659228
(254) 630-4056
Added: Sep 4
Changed: Sep 8
Last Checked: Sep 13 at 9:06PM
MLS# 624558
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.
This 3,450-square-foot masonry commercial building dates to 1948 and is occupied by two established businesses: Koba Woo Korean Restaurant and a hair salon. The interior includes laminate and tile flooring, with central heating and central air. Public water and public sewer serve the property.
Located at 334 E Avenue D in Downtown Killeen, the property is surrounded by restaurants, retail shops, professional services, and locally owned businesses. Downtown community events, festivals, live entertainment, and celebrations take place in the surrounding area. The 0.0792-acre parcel provides a compact commercial setting for the existing storefront uses.
Located at 334 E Avenue D in Downtown Killeen, the property is surrounded by restaurants, retail shops, professional services, and locally owned businesses. Downtown community events, festivals, live entertainment, and celebrations take place in the surrounding area. The 0.0792-acre parcel provides a compact commercial setting for the existing storefront uses.
Key Highlights
- 3,450 SF masonry commercial building constructed in 1948
- Occupied by Koba Woo Korean Restaurant and a hair salon
- Located at 334 E Avenue D in Downtown Killeen
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
$41,036
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
8.64%
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%
$820,720
$820.7K
Cap Rate 7%
$586,229
$586.2K
Cap Rate 9%
$455,956
$456.0K
Market Conditions
NOI Build-Up for 3,450 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
$62.1K $18.00/SF
− Vacancy
−$3.5K −$1.01/SF
EGI
$58.6K $16.99/SF
− OpEx
−$17.6K −$5.10/SF
NOI
$41.0K $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 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%
$820,720
Cap Rate 7%
$586,229
Cap Rate 9%
$455,956
Alternative Uses
Best Use
Specialty Retail
$716.4K
$626.8K – $835.8K
NOI $50,146 @ 7.0% cap · market cap 10.56%
Second Best
Retail
$586.2K
$513.0K – $683.9K
NOI $41,036 @ 7.0% cap · market cap 8.64%
Theoretical Best
Office A
$828.7K
$725.1K – $966.8K
NOI $58,006 @ 7.0% cap · market cap 12.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Christell's Weddings & Events — 214 E Avenue B, Killeen, TX 76541
- A Flowers Touch — 710 W Rancier Ave Ste 230, Killeen, TX 76541
Frequently Asked Questions
What type of property is this?
Storefront property - Masonry commercial building with two established occupants and a versatile retail-oriented layout.
Where is this storefront property located?
The property is located at 334 E Avenue D Killeen, TX.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 3,450 SF masonry commercial building constructed in 1948; Occupied by Koba Woo Korean Restaurant and a hair salon; Located at 334 E Avenue D in Downtown Killeen
