Commercial Land with Existing
For Sale
$249,900
519 W Veterans Memorial Boulevard, Killeen, TX 76541
CommercialSale, Killeen, TX
Property Size1,200 SF
Lot Size0.25 Acres
Price / SF$208.25
Days on Market98
Property Features for 519 W Veterans Memorial Boulevard
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
C
Subdivision
Rodeway Sub
Lot features
City Lot, Quarter To Half Acre Lot
Elementary school district
Killeen ISD
Middle school district
Killeen ISD
High school district
Killeen ISD
Directions
Take I-14/US-190 W to W Central Texas Expy in Killeen. Take exit 283 from I-14/US-190 W, take S Fort Hood St to W Veterans Memorial Blvd., make a right, location will be on the left, in front of hotel/apartment.
Standard status
Active
APN
152041
Size
1,200 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
RODEWAY SUBDIVISION, BLOCK 001, LOT PT 1, (SW PT OF 1, 87.48' X 118.0' X 92.0' X 120.0')
Tax Annual Amount
1852
Legal Description
RODEWAY SUBDIVISION, BLOCK 001, LOT PT 1, (SW PT OF 1, 87.48' X 118.0' X 92.0' X 120.0')
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1988
Floors in Building
1
Flooring type
Combination
Building materials
Block, Concrete, Stucco
Roof type
Flat
Listing Agency:
Real Broker
(855) 450-0442
Listed By:
Oraya Fernandez · License #0718576
(254) 833-3379
Added: Jul 3
Changed: Sep 15
Last Checked: Oct 8 at 1:06AM
MLS# 618658
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 0.2452-acre commercial land parcel is vacant and includes a 1,200-square-foot former gas station structure. The improvements were built in 1988 with block, concrete, and stucco construction, a flat roof, combination flooring, central electric heating, and central air conditioning. Underground tanks remain in place.
Located at 519 W Veterans Memorial Boulevard in Killeen, the property has frontage along a named boulevard and sits in a commercial corridor near a hotel and apartment community. Public water and public sewer serve the property. Zoning is identified as C; buyers should verify zoning and environmental conditions.
Located at 519 W Veterans Memorial Boulevard in Killeen, the property has frontage along a named boulevard and sits in a commercial corridor near a hotel and apartment community. Public water and public sewer serve the property. Zoning is identified as C; buyers should verify zoning and environmental conditions.
Key Highlights
- 0.2452‑acre commercial land parcel
- 1,200 square feet of existing property improvements
- Former gas station with underground tanks still in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,442
Cap Rate
6.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$348,840
$348.8K
Cap Rate 7%
$249,171
$249.2K
Cap Rate 9%
$193,800
$193.8K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$24.5K $20.40/SF
− Vacancy
−$1.2K −$1.02/SF
EGI
$23.3K $19.38/SF
− OpEx
−$5.8K −$4.85/SF
NOI
$17.4K $14.54/SF
Area
Killeen, TX
Vacancy
5.00%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$348,840
Cap Rate 7%
$249,171
Cap Rate 9%
$193,800
Alternative Uses
Best Use
Specialty Retail
$249.2K
$218.0K – $290.7K
NOI $17,442 @ 7.0% cap · market cap 6.98%
Second Best
Retail
$203.9K
$178.4K – $237.9K
NOI $14,273 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$288.2K
$252.2K – $336.3K
NOI $20,176 @ 7.0% cap · market cap 8.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,436
Businesses Nearby
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Commercial land - Vacant commercial site with public water and sewer access.
Where is this commercial land located?
The property is located at 519 W Veterans Memorial Boulevard Killeen, TX.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 0.2452‑acre commercial land parcel; 1,200 square feet of existing property improvements; Former gas station with underground tanks still in place
