Office Units With I-14
For Sale
$1,950,000
4520 E Central Texas I-14 Expressway, Killeen, TX 76542
CommercialSale, Killeen, TX
Property Size13,500 SF
Lot Size1.68 Acres
Price / SF$144.44
Days on Market196
Property Features for 4520 E Central Texas I-14 Expressway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B-3
Parking features
Special Needs
Security features
Security
Exterior features
Lighting
Accessibility
Accessible Approach with Ramp
Lot features
One To Three Acres, City Lot
Elementary school district
Killeen ISD
Middle school district
Killeen ISD
High school district
Killeen ISD
Directions
From the intersection of Stan Schluter Loop and I-14 turn east on the I-14 Access Road and the property is immediately on the right.
Standard status
Active
APN
117884
Size
13,500 SF
Lot size
1.68 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Part of Lot 2, Tract 2, Block 1, De Ann Subdivision, Killeen, Bell County, TX 76542
Tax Annual Amount
28859
Legal Description
Part of Lot 2, Tract 2, Block 1, De Ann Subdivision, Killeen, Bell County, TX 76542
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Electric
Building Details
Year built
1996
Floors in Building
1
Flooring type
Tile, Carpet
Building materials
BattsInsulation, Brick, Masonry
Listing Agency:
Jim Wright Company
(254) 526-5117
Listed By:
Jim Wright · License #0181945
(254) 289-3145
Added: Feb 14
Changed: Aug 20
Last Checked: Aug 29 at 9:06PM
MLS# 604600
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 office property contains 13,500 square feet across a 1.68-acre site, with two small vacancies within the building. The improvements date to 1996 and feature brick and masonry construction, tile and carpet flooring, central heating, central air, electric cooling, and exterior lighting.
Access to I-14 supports convenient regional connectivity. The property is served by public sewer and includes an accessible approach with ramp, along with special-needs parking features. B-3 zoning is also identified for the site.
Access to I-14 supports convenient regional connectivity. The property is served by public sewer and includes an accessible approach with ramp, along with special-needs parking features. B-3 zoning is also identified for the site.
Key Highlights
- 13,500 s.f. office property on 1.68 acres
- Two small vacancies within the building
- Direct access to I‑14
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
$178,459
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
9.15%
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%
$3,569,180
$3.6M
Cap Rate 7%
$2,549,414
$2.5M
Cap Rate 9%
$1,982,878
$2.0M
Market Conditions
NOI Build-Up for 13,500 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
$291.6K $21.60/SF
− Vacancy
−$53.7K −$3.97/SF
EGI
$237.9K $17.63/SF
− OpEx
−$59.5K −$4.41/SF
NOI
$178.5K $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%
$3,569,180
Cap Rate 7%
$2,549,414
Cap Rate 9%
$1,982,878
Alternative Uses
Best Use
Office B
$2.55M
$2.23M – $2.97M
NOI $178,459 @ 7.0% cap · market cap 9.15%
Second Best
Healthcare Medical
$2.06M
$1.80M – $2.40M
NOI $143,856 @ 7.0% cap · market cap 7.38%
Theoretical Best
Office A
$3.24M
$2.84M – $3.78M
NOI $226,981 @ 7.0% cap · market cap 11.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
382
Businesses Nearby
Explore this area
Business Placement
Demographics for 76542, TX
53,312
Population
21,027
Households
2.5
Avg Household Size
32
Median Age
29%
College-Educated
94%
High-School Grad
63.0 sq mi
ZIP Area
846
Density / Sq Mi
$72,891
Median Household Income
$42,506
Median Earnings
$1,237
Median Rent
$228,500
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 units - B-3-zoned office property with central HVAC, public sewer, and accessible ramp entry.
Where is this office units located?
The property is located at 4520 E Central Texas I-14 Expressway Killeen, TX.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 13,500 s.f. office property on 1.68 acres; Two small vacancies within the building; Direct access to I‑14
