Ground-Floor Mini Storage
For Sale
$1,200,000
405 407 411 503 S Twin Creek Dr, Killeen, TX 76543
85-unit mini-storage with an on-site office, recently renovated, and land remaining for additional unit development.
Property Size7,625 SF
Lot Size2.14 Acres
Price / SF$157.38
Days on Market59
Property Features for 405 407 411 503 S Twin Creek Dr
General Information
Standard status
Active
Size
7,625 SF
Lot size
2.14 Acres
Property subtype
Commercial
Building Details
Year Built
1986
Year Renovated
2024
Listing Agency:
Coldwell Banker Realty
(254) 289-5905
Listed By:
Vernon MacHardy · License #0433118
(254) 289-5905
Source:
Elliman
Added: Jun 4
Changed: Jul 10
Last Checked: Jul 31 at 7:16AM
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.
This property is an 85-unit mini-storage facility with approximately 7,625 square feet of storage space and an on-site office home of approximately 2,143 square feet. The office was originally constructed in 1964 and requires updating to function as a fully operational commercial office. Renovation work to bring the mini-storage into a marketable, rentable condition was recently completed in 2024, and a modern electronic entry gate has been installed.
The package includes six separate parcels combined into one offering: 405, 407, 411, and 503 S Twin Creek Dr, totaling approximately 2.141 acres. The mini storage is not currently open. The area is described as car-dependent, which typically aligns well with self-storage tenant travel needs.
For investors or operators seeking a self-storage platform, the site offers a mix of storage units and an on-site office configuration that may support either onsite management or a separate commercial rental office space, subject to the office updates needed. The property also includes additional land on specified parcels (19947 and 19948) that could support further storage development. All offering details should be verified with the seller and local requirements prior to planning operations or improvements.
The package includes six separate parcels combined into one offering: 405, 407, 411, and 503 S Twin Creek Dr, totaling approximately 2.141 acres. The mini storage is not currently open. The area is described as car-dependent, which typically aligns well with self-storage tenant travel needs.
For investors or operators seeking a self-storage platform, the site offers a mix of storage units and an on-site office configuration that may support either onsite management or a separate commercial rental office space, subject to the office updates needed. The property also includes additional land on specified parcels (19947 and 19948) that could support further storage development. All offering details should be verified with the seller and local requirements prior to planning operations or improvements.
Key Highlights
- 85‑unit mini‑storage facility with approximately 7,625 SF, plus an on‑site office home of 2,143 SF
- Recently completed renovation in 2024; electronic entry gate installed
- 6 parcels combined into one package totaling 2.141 acres (405, 407, 411, 503 Twin Creek Drive; Property IDs listed)
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 | $164.7k | $21.60 |
| − Vacancy | −$30.3k | −$3.97 |
| EGI | $134.4k | $17.63 |
| − OpEx | −$33.6k | −$4.41 |
| NOI | $100.8k | $13.22 |
7,625 SF · lease $21.60/SF/yr · vacancy 18.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.44M
$1.26M – $1.68M
NOI $100,796 @ 7.0% cap · market cap 8.40%
Second Best
Self Storage
$841.8K
$736.6K – $982.1K
NOI $58,926 @ 7.0% cap · market cap 4.91%
Theoretical Best
Office A
$1.83M
$1.60M – $2.14M
NOI $128,202 @ 7.0% cap · market cap 10.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
196
Businesses Nearby
Explore this area
Business Placement
Demographics for 76543, TX
30,545
Population
15,300
Households
2
Avg Household Size
30
Median Age
15%
College-Educated
91%
High-School Grad
35.6 sq mi
ZIP Area
858
Density / Sq Mi
$51,239
Median Household Income
$31,712
Median Earnings
$1,099
Median Rent
$140,700
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?
Self storage facility - 85-unit mini-storage with an on-site office, recently renovated, and land remaining for additional unit development.
Where is this self storage facility located?
The property is located at 405 407 411 503 S Twin Creek Dr Killeen, TX.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 85‑unit mini‑storage facility with approximately 7,625 SF, plus an on‑site office home of 2,143 SF; Recently completed renovation in 2024; electronic entry gate installed; 6 parcels combined into one package totaling 2.141 acres (405, 407, 411, 503 Twin Creek Drive; Property IDs listed)
