Two-Unit Duplex with
For Sale
$189,000
700 Trimmier Rd, Killeen, TX 76541
Two-unit configuration with living areas, bedrooms, and on-site parking supports residential rental use.
Property Size1,625 SF
Price / SF$116.31
Days on Market9
Property Features for 700 Trimmier Rd
General Information
Standard status
Active
Size
1,625 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
2
Building Details
Year Built
1995
Listing Agency:
HOME SIMPLE OF TEXAS, INC
Listed By:
Justin Webber
(512) 608-8985
Source:
Olverabolton
Added: Sep 5
Changed: Sep 6
Last Checked: Sep 12 at 1:41PM
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 HOME SIMPLE OF TEXAS, INC
Investment Insights
Based on property information with market context.
This 1995 duplex contains two residential units within approximately 1,625 square feet of property area. Each unit includes a functional floor plan with living space and bedrooms, while ample parking serves the property. The building is offered as-is, and showings are available by appointment only; occupants are not to be disturbed.
The property is located on Trimmier Road in Killeen, with access to I-14 and Highway 195. Fort Cavazos, Texas A&M Central Texas, shopping centers, restaurants, and local employers are identified nearby. Its two-unit layout also allows for owner-occupancy potential, subject to buyer verification of applicable information, including square footage, schools, zoning, restrictions, and rental projections.
The property is located on Trimmier Road in Killeen, with access to I-14 and Highway 195. Fort Cavazos, Texas A&M Central Texas, shopping centers, restaurants, and local employers are identified nearby. Its two-unit layout also allows for owner-occupancy potential, subject to buyer verification of applicable information, including square footage, schools, zoning, restrictions, and rental projections.
Key Highlights
- Two‑unit duplex configuration
- Approximately 1,625 square feet of property area
- Built in 1995
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
$14,045
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
7.43%
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%
$280,900
$280.9K
Cap Rate 7%
$200,643
$200.6K
Cap Rate 9%
$156,056
$156.1K
Market Conditions
NOI Build-Up for 1,625 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
$21.5K $13.20/SF
− Vacancy
−$1.4K −$0.85/SF
EGI
$20.1K $12.35/SF
− OpEx
−$6.0K −$3.70/SF
NOI
$14.0K $8.64/SF
Area
Killeen, TX
Vacancy
6.46%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
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%
$280,900
Cap Rate 7%
$200,643
Cap Rate 9%
$156,056
Alternative Uses
Best Use
Multifamily LT 5
$200.6K
$175.6K – $234.1K
NOI $14,045 @ 7.0% cap · market cap 7.43%
Second Best
Apartment 5plus
$185.6K
$162.4K – $216.6K
NOI $12,994 @ 7.0% cap · market cap 6.88%
Theoretical Best
Office A
$390.3K
$341.5K – $455.4K
NOI $27,322 @ 7.0% cap · market cap 14.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
892
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit configuration with living areas, bedrooms, and on-site parking supports residential rental use.
Where is this duplex located?
The property is located at 700 Trimmier Rd Killeen, TX.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: Two‑unit duplex configuration; Approximately 1,625 square feet of property area; Built in 1995
