Office Complex with Covered
For Sale
$2,995,000
4003 W Stan Schlueter Loop, Killeen, TX 76549
CommercialSale, Killeen, TX
Property Size17,102 SF
Lot Size1.72 Acres
Price / SF$175.13
Days on Market377
Property Features for 4003 W Stan Schlueter Loop
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B-3
Parking features
Special Needs
Exterior features
PropaneTankOwned
Subdivision
King Park Add
Lot features
One To Three Acres, City Lot
Directions
From Highway 195 travel West until you get to 4003 W. Stan Schlueter Loop, on the right.
Standard status
Active
APN
363423
Size
17,102 SF
Lot size
1.72 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
KING PARK ADDITION, BLOCK 001, LOT 0001, ACRES 1.721
Tax Annual Amount
31674
Legal Description
KING PARK ADDITION, BLOCK 001, LOT 0001, ACRES 1.721
Utilities
Utilities
Propane
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
2005
Floors in Building
1
Flooring type
Tile, Carpet
Building materials
Brick, Masonry
Listing Agency:
Jim Wright Company
(254) 526-5117
Listed By:
Jim Wright · License #0181945
(254) 289-3145
Added: Aug 18, 2025
Changed: Aug 20
Last Checked: Aug 29 at 5:06PM
MLS# 568769
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 17,102-square-foot office property comprises three buildings on 1.721 acres. Two front buildings are connected by a covered area, while a separate rear structure contains 4,500 square feet. The improvements were constructed in 2005 and feature brick and masonry exteriors, tile and carpet flooring, central air conditioning, and electric heating and cooling. The property also includes an owned propane tank.
The site fronts W. Stan Schlueter Loop and includes more than 91 paved parking spaces. Public water and public sewer serve the property, and B-3 zoning is identified for the site. The multi-building configuration provides distinct office structures with a covered connection between the two front buildings.
The site fronts W. Stan Schlueter Loop and includes more than 91 paved parking spaces. Public water and public sewer serve the property, and B-3 zoning is identified for the site. The multi-building configuration provides distinct office structures with a covered connection between the two front buildings.
Key Highlights
- 17,102 square feet of office improvements on 1.721 acres
- Three‑building configuration with two front structures joined by a covered area
- Separate rear building contains 4,500 square feet
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
$226,075
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
7.55%
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%
$4,521,500
$4.5M
Cap Rate 7%
$3,229,643
$3.2M
Cap Rate 9%
$2,511,944
$2.5M
Market Conditions
NOI Build-Up for 17,102 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
$369.4K $21.60/SF
− Vacancy
−$68.0K −$3.97/SF
EGI
$301.4K $17.63/SF
− OpEx
−$75.4K −$4.41/SF
NOI
$226.1K $13.22/SF
Area
Killeen, TX
Vacancy
18.40%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$4,521,500
Cap Rate 7%
$3,229,643
Cap Rate 9%
$2,511,944
Alternative Uses
Best Use
Office B
$3.23M
$2.83M – $3.77M
NOI $226,075 @ 7.0% cap · market cap 7.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.11M
$3.59M – $4.79M
NOI $287,543 @ 7.0% cap · market cap 9.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
344
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - B-3 zoning, public utilities, and paved parking support a multi-building office layout.
Where is this office building located?
The property is located at 4003 W Stan Schlueter Loop Killeen, TX.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: 17,102 square feet of office improvements on 1.721 acres; Three‑building configuration with two front structures joined by a covered area; Separate rear building contains 4,500 square feet
