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    Retail Center on Knights Way Title is generated by Realmo AI

    601 Farm to Market 2410, Harker Heights, TX 76548

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    Retail center with flexible space in high-traffic Harker Heights.

    Type:Retail
    Property size:
    13,500 SF
    Added:
    Nov 21, 2025
    Days on Market:
    183
    Last Refresh:
    Apr 5 at 10:48 pm

    Property Features for 601 Farm to Market 2410

    General Information

    Standard status
    Active
    Size
    13,500 SF
    Property subtype
    Retail

    Spaces For Lease

    at 601 Farm to Market 2410 Contact us

    We can help!

    Listing Contact
    Logan Greene
    Logan Greene

    Listing agent Logan Greene License #TX #821315

    Listing office NAI Wheelhouse

    Listing date Nov 21, 2025

    Source Naiglobal

    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 NAI Wheelhouse

    HighLights

    • Prime frontage on Knights Way, a major arterial road.
    • Located in a high‑traffic retail development with QSR restaurants, car wash, and offices.
    • Flexible retail space to accommodate many uses, including drive‑thru end cap.
    • Located in Harker Heights, a booming city bordering Killeen, TX.
    • Proximity to national tenants, driving traffic and energy.
    • Killeen's thriving economy fueled by Fort Hood.

    Overview

    This retail center is planned on a 1.92-acre site within a 9-acre retail development. It features frontage on Knights Way, a major arterial road in Harker Heights, Texas. The development is intended to include freestanding quick-service restaurants, a car wash, and offices. The multi-tenant center offers flexible retail space suitable for various uses, including a drive-thru end cap space. Situated directly on Knights Way, the main arterial road of Harker Heights, the location benefits from proximity to Killeen, Texas. The area hosts numerous national tenants along Knights Way, contributing to the area's traffic and activity. Killeen, located in central Texas, is characterized as a family-friendly city with an economy supported by Fort Hood.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Similar Places Nearby

    • Market Heights — 201 E Central Texas Expy, Harker Heights, TX 76548
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    Map

    City
    Harker Heights
    County
    Bell
    State
    Texas
    Longitude
    -97.6473
    Latitude
    31.0283

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    FAQs

    What type of property is this?
    Shopping center - Retail center with flexible space in high-traffic Harker Heights.
    Where is this shopping center located?
    The property is located at 601 Farm to Market 2410 Harker Heights, TX.
    What are key features of this property?
    This property features: Prime frontage on Knights Way, a major arterial road.; Located in a high‑traffic retail development with QSR restaurants, car wash, and offices.; Flexible retail space to accommodate many uses, including drive‑thru end cap.
    (325) 207-9178
    We can help!
    Listing Contact
    Logan Greene
    Logan Greene
    Real Estate License ID: TX #821315
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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