701 W Central Texas Expressway, Killeen, TX 76541
- Added:
- Mar 24, 2026
- Days on Market:
- 97
- Last Refresh:
- Jun 28 at 2:06 pm
Property Features for 701 W Central Texas Expressway
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- B-3
- Parking features
- Driveway
- Standard status
- Active
- APN
- 131876
- Size
- 3,474 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- SKYLINE TERRACE 2ND EXTENSION, BLOCK 015, LOT 0002
- Tax Annual Amount
- 12805
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1996
- Floors in Building
- 2
- Flooring type
- Tile, Laminate
- Building materials
- Masonry
Listing agent Matthew E. Teifke II License #0614043 (512) 914-4806
Listing office Teifke Real Estate 409 E Austin Avenue, TX (512) 870-8184
Listing date Mar 24, 2026
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.
HighLights
- High‑exposure, two‑story office building with direct frontage on the I‑14 service road in Killeen
- Traffic counts exceed 89,000 vehicles per day for strong visibility along W Central Texas Expressway
- Approx. 3,474 SF of office space on a 0.25‑acre lot, built in 1996
- Ample on‑site parking with 22 spaces plus driveway parking
- Functional layout with private offices, reception, and collaborative areas
- Central heating and central air; public water and public sewer
Overview
Located at 701 W Central Texas Expressway in Killeen, the building has direct frontage on the I-14 service road. The offering notes traffic counts exceeding 89,000 vehicles per day along the corridor, supporting day-to-day accessibility and visibility.
For an owner-user, the configuration supports legal, insurance, medical, or general office operations, with the reception and office rooming supporting a client-facing workflow. For investors, the property’s straightforward office layout and prominent frontage on a major Central Texas commercial route provide a usable platform for professional tenants seeking an established office presence. Zoning is B-3, offering broad commercial office compatibility as stated in the listing information.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $75.0k | $21.60 |
| − Vacancy | −$13.8k | −$3.97 |
| EGI | $61.2k | $17.63 |
| − OpEx | −$15.3k | −$4.41 |
| NOI | $45.9k | $13.22 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Killeen
- County
- Bell
- State
- Texas
- Longitude
- -97.7439592
- Latitude
- 31.1075559
