Automotive Property with Vehicle
For Sale
Contact for pricing
505 W Veterans Memorial Boulevard, Killeen, TX 76541
An office, detached garage, canopy, and paved parking area support a range of automotive business uses.
Property Size1,056 SF
Price / SF$8.05
Days on Market13
Property Features for 505 W Veterans Memorial Boulevard
General Information
Standard status
Active
Size
1,056 SF
Property subtype
Business
Building Details
Year Built
1983
Listing Agency:
JBGoodwin REALTORS WC
(512) 502-7705
Listed By:
Hannah Shariatmadari
(737) 314-0196
Source:
Hoydenhomes
Added: Oct 17
Changed: Oct 28
Last Checked: Oct 28 at 3:36PM
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 JBGoodwin REALTORS WC
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Investment Insights
Based on property information with market context.
Set on 2.31 acres along W Veterans Memorial Blvd (Business 190), this automotive property includes an office building with a main entrance and three private offices. Mini-split systems provide heating and cooling. A detached garage or storage building has a drive-in overhead door, and a covered canopy adds to the site’s functional improvements.
The paved lot accommodates approximately 70 vehicles. The property is in Killeen and was built in 1983. Auto sales, equipment, contractor, and service businesses are among the uses identified for the site.
The paved lot accommodates approximately 70 vehicles. The property is in Killeen and was built in 1983. Auto sales, equipment, contractor, and service businesses are among the uses identified for the site.
Key Highlights
- 2.31‑acre site on W Veterans Memorial Blvd (Business 190) in Killeen
- Paved lot with room for approximately 70 vehicles
- Office building includes 3 private offices and mini‑split heating and cooling
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,671
Suggested Prices Based on Cap Rates
Cap Rate 5%
$133,420
$133.4K
Cap Rate 7%
$95,300
$95.3K
Cap Rate 9%
$74,122
$74.1K
Market Conditions
NOI Build-Up for 1,056 SF
Gross rent
$10.1K $9.60/SF
− Vacancy
−$608 −$0.58/SF
EGI
$9.5K $9.02/SF
− OpEx
−$2.9K −$2.71/SF
NOI
$6.7K $6.32/SF
Area
Killeen, TX
Vacancy
6.00%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$133,420
Cap Rate 7%
$95,300
Cap Rate 9%
$74,122
Alternative Uses
Best Use
Retail
$179.4K
$157.0K – $209.3K
NOI $12,560 @ 7.0% cap · market cap 147.76%
Second Best
Industrial
$95.3K
$83.4K – $111.2K
NOI $6,671 @ 7.0% cap · market cap 78.48%
Theoretical Best
Office A
$253.6K
$221.9K – $295.9K
NOI $17,755 @ 7.0% cap · market cap 208.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,741
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76541, TX
19,641
Population
10,207
Households
1.9
Avg Household Size
32
Median Age
12%
College-Educated
83%
High-School Grad
4.9 sq mi
ZIP Area
4,008
Density / Sq Mi
$36,739
Median Household Income
$27,869
Median Earnings
$858
Median Rent
$97,500
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- U-Haul Neighborhood Dealer — 401 Priest Dr, Killeen, TX 76541
- U-Haul Neighborhood Dealer — 111 S 10th St, Killeen, TX 76541
- Killeen Car Rentals — 116 N 2nd St, Killeen, TX 76541
- U-Haul Neighborhood Dealer — 100 E Veterans Memorial Blvd, Killeen, TX 76541
- U-Box at U-Haul — 102 E Veterans Memorial Blvd, Killeen, TX 76541
Frequently Asked Questions
What type of property is this?
Automotive property - An office, detached garage, canopy, and paved parking area support a range of automotive business uses.
Where is this automotive property located?
The property is located at 505 W Veterans Memorial Boulevard Killeen, TX.
What are key features of this property?
This property features: 2.31‑acre site on W Veterans Memorial Blvd (Business 190) in Killeen; Paved lot with room for approximately 70 vehicles; Office building includes 3 private offices and mini‑split heating and cooling
