3802 Watercrest Road, Killeen, TX 76549
- Added:
- Aug 19, 2025
- Days on Market:
- 324
- Last Refresh:
- Jul 8 at 10:06 am
Property Features for 3802 Watercrest Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- APN
- 440808
- Size
- 2,360 SF
- Lot size
- 1.51 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- HALLIBURTON ADDITION PHASE TWO, BLOCK 001, LOT 001B
- Tax Annual Amount
- 2090
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 1960
- Floors in Building
- 1
- Flooring type
- Tile, Carpet, Laminate
- Building materials
- Brick, Masonry, Stucco
- Roof type
- Metal
Listing agent Karen Doerbaum License #0386068 (254) 290-0718
Listing office Lone Star Realty & Property Ma 1020 W Jasper Drive, TX (254) 699-7003
Listing date Aug 19, 2025
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.
HighLights
- Office building built in 1960 with brick, masonry, and stucco construction
- Metal roof; central heating and central air conditioning
- 6 office rooms plus a reception area, with a full kitchen and 3 bathrooms
- Public water and public sewer connections
- Adjoining 0.94‑acre lot included for expansion or custom build‑to‑suit development
- Accessible approach with ramp
Overview
The office building is located at 3802 Watercrest Road in Killeen, Texas, in a high-traffic area just minutes from Fort Hood and a major hospital, according to the public remarks. An adjoining 0.94-acre lot is included, offering additional options for future expansion or a build-to-suit concept.
The offering can fit both owner-occupants and investors. Public remarks state the office building has established tenants, and the combination of interior improvements and the included adjoining lot may support ongoing rental revenue while allowing room for growth. Tenants and buyers seeking an office environment with multiple rooms, reception space, and on-site amenities should find the configuration practical for a range of professional office needs.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.0k | $21.60 |
| − Vacancy | −$9.4k | −$3.97 |
| EGI | $41.6k | $17.63 |
| − OpEx | −$10.4k | −$4.41 |
| NOI | $31.2k | $13.22 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Killeen
- County
- Bell
- State
- Texas
- Longitude
- -97.7811803
- Latitude
- 31.1108613
