Contemporary
For Sale
$415,000
Pending
4000 Doraine Court, Killeen, TX 76549
Four-unit property with central air, electric systems, and multiple kitchen appliances.
Property Size4,230 SF
Days on Market177
Property Features for 4000 Doraine Court
General Information
Standard status
Pending
Size
4,230 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$8,568
Amenities
None, Curbs
Ceiling Fan(s), Central Air, Electric
Central, Electric
Dishwasher, Electric Range, Electric Water Heater, Disposal, Refrigerator, Range Hood
Ceiling Fan(s), Laminate Counters
Partial
On Street
ContemporaryModern
Building Details
Year Built
2005
Stories
2
Listing Agency:
Coldwell Banker Realty
(254) 289-5905
Listed By:
Vernon MacHardy · License #0433118
(254) 289-5905
Source:
Evrealestate
Added: Mar 6
Changed: Aug 30
Last Checked: Aug 30 at 2:42PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
Built in 2005, this 4,230-square-foot quadplex includes central air, electric systems, ceiling fans, and laminate countertops. Kitchen equipment includes dishwashers, electric ranges, electric water heaters, disposals, refrigerators, and range hoods. The property has a contemporary-modern exterior and on-street parking.
The property is located at 4000 Doraine Court in Killeen, Bell County, Texas. Access from Ft. Cavazos is provided via I-14, Hwy 195, Stan Schlueter Loop, Robinette, Nadine, Jeff Scott, and Doraine Court.
The property is located at 4000 Doraine Court in Killeen, Bell County, Texas. Access from Ft. Cavazos is provided via I-14, Hwy 195, Stan Schlueter Loop, Robinette, Nadine, Jeff Scott, and Doraine Court.
Key Highlights
- 4,230‑square‑foot quadplex built in 2005
- Contemporary‑modern exterior
- Central air and electric systems
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
$36,560
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
8.81%
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%
$731,200
$731.2K
Cap Rate 7%
$522,286
$522.3K
Cap Rate 9%
$406,222
$406.2K
Market Conditions
NOI Build-Up for 4,230 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
$55.8K $13.20/SF
− Vacancy
−$3.6K −$0.85/SF
EGI
$52.2K $12.35/SF
− OpEx
−$15.7K −$3.70/SF
NOI
$36.6K $8.64/SF
Area
Killeen, TX
Vacancy
6.46%
Lease Rate
$13.20 /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%
$731,200
Cap Rate 7%
$522,286
Cap Rate 9%
$406,222
Alternative Uses
Best Use
Multifamily LT 5
$522.3K
$457.0K – $609.3K
NOI $36,560 @ 7.0% cap · market cap 8.81%
Second Best
Apartment 5plus
$483.2K
$422.8K – $563.8K
NOI $33,825 @ 7.0% cap · market cap 8.15%
Theoretical Best
Office A
$1.02M
$889.0K – $1.19M
NOI $71,121 @ 7.0% cap · market cap 17.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
382
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 Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit property with central air, electric systems, and multiple kitchen appliances.
Where is this quadplex located?
The property is located at 4000 Doraine Court Killeen, TX.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: 4,230‑square‑foot quadplex built in 2005; Contemporary‑modern exterior; Central air and electric systems
