701 W Central Texas Expy Killeen, TX 76541
Two-story office building with I-14 service road frontage and 22 parking spaces, suited for professional, medical, or general office use.
- Added:
- Mar 24, 2026
- Days on Market:
- 113
- Last Refresh:
- Jul 1 at 7:04 am
Property Features for 701 W Central Texas Expy
General Information
- Standard status
- Active
- Size
- 3,474 SF
- Lot size
- 0.25 Acres
Listing office Teifke Real Estate (512) 914-4806
Listing date Mar 24, 2026
Source Exprealty
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Investment Insights
Based on property information with market context.
The building benefits from direct exposure along the I-14 service road on W Central Texas Expressway in Killeen. The property is positioned on a heavily traveled corridor with traffic counts exceeding 89,000 vehicles per day, creating strong day-to-day visibility and convenient access for clients and visitors.
For owner-users, the configuration can support legal, insurance, medical, or general office operations while providing dedicated parking for staff and guests. For investors, the asset’s professional layout and prominent corridor frontage offer a practical platform for pursuing stable occupancy with a tenant mix that aligns with office and medical office demand. Access and central trade-area positioning may also support a variety of professional service tenants seeking a high-profile location.
Key Highlights
- High‑exposure two‑story office building with direct I‑14 service road frontage in Killeen
- Traffic counts exceed 89,000 vehicles per day along W Central Texas Expressway (I‑14 area)
- Approximately 3,474 SF flexible office space on a quarter‑acre (+.25 acres) lot
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 |
