Office Building with Adjoining
For Sale
$440,000
3802 Watercrest Road, Killeen, TX 76549
COMMERCIAL - Killeen, TX
Property Size2,360 SF
Lot Size1.51 Acres
Price / SF$186.44
Days on Market348
Property Features for 3802 Watercrest Road
General Information
Property type
Commercial Sale
Property subtype
Other
Accessibility
Accessible Approach with Ramp
Subdivision
Halliburton Add Ph Two
Lot features
One To Three Acres, City Lot
Elementary school district
Killeen ISD
Middle school district
Killeen ISD
High school district
Killeen ISD
Directions
Hwy 14 to + Willow Springs Exit turn right on Watercrest Rd, follow up and property site on the left.
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
Legal Description
HALLIBURTON ADDITION PHASE TWO, BLOCK 001, LOT 001B
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1960
Floors in Building
1
Flooring type
Tile, Laminate, Carpet
Building materials
Brick, Masonry, Stucco
Roof type
Metal
Listing Agency:
Lone Star Realty & Property Ma
(254) 699-7003
Listed By:
Karen Doerbaum · License #0386068
(254) 290-0718
Added: Aug 19, 2025
Changed: Jul 30
Last Checked: Aug 1 at 8:06AM
MLS# 590092
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 property includes a well-maintained office building featuring a metal roof and newer floors installed in most of the space. The interior layout provides six rooms plus a reception area, along with a full kitchen and three bathrooms, supporting flexible office configurations.
The office building is located at 3802 Watercrest Road in Killeen, Texas, in a high-traffic commercial area just minutes from Fort Hood and a major hospital. The offering also includes an adjoining 0.94-acre lot, providing additional land for expansion or development. The building is described as having established tenants, offering income potential alongside the additional land for future growth.
The office building is located at 3802 Watercrest Road in Killeen, Texas, in a high-traffic commercial area just minutes from Fort Hood and a major hospital. The offering also includes an adjoining 0.94-acre lot, providing additional land for expansion or development. The building is described as having established tenants, offering income potential alongside the additional land for future growth.
Key Highlights
- Commercial office building with 6 rooms plus reception area, full kitchen, and 3 bathrooms
- Metal roof; brick, masonry, and stucco construction; central heating and central air cooling
- Recent newer floors installed in most of the building; established tenants for income potential
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 |
2,360 SF · lease $21.60/SF/yr · vacancy 18.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$445.7K
$390.0K – $520.0K
NOI $31,197 @ 7.0% cap · market cap 7.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$566.9K
$496.0K – $661.3K
NOI $39,680 @ 7.0% cap · market cap 9.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Office units
Location Intelligence
Trade Area within ½ mile
145
Businesses Nearby
Explore this area
Business Placement
Demographics for 76549, TX
56,199
Population
21,794
Households
2.6
Avg Household Size
29
Median Age
23%
College-Educated
95%
High-School Grad
94.1 sq mi
ZIP Area
597
Density / Sq Mi
$62,536
Median Household Income
$36,340
Median Earnings
$1,363
Median Rent
$202,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office building with metal roof, 6 rooms plus reception, full kitchen, three bathrooms, adjoining lot.
Where is this office building located?
The property is located at 3802 Watercrest Road Killeen, TX.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Commercial office building with 6 rooms plus reception area, full kitchen, and 3 bathrooms; Metal roof; brick, masonry, and stucco construction; central heating and central air cooling; Recent newer floors installed in most of the building; established tenants for income potential
