Ground-Floor Mini Storage
405 407 411 503 S Twin Creek Dr Killeen, TX 76543
For Sale
$1,200,000
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 Market53
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
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 26 at 4:19AM
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Self storage facilities
FAQs
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)
