Flex Space with Outdoor
For Sale
$350,000
802 S W S Young Drive, Killeen, TX 76543
Versatile commercial building with warehouse area, office space, a bathroom, and additional covered storage capacity.
Property Size2,400 SF
Lot Size1.00 Acre
Price / SF$145.83
Days on Market285
Property Features for 802 S W S Young Drive
General Information
Standard status
Active
Size
2,400 SF
Lot size
1.00 Acre
Property subtype
Commercial
Additional Details
Outdoor Storage
Yes
Building Details
Year Built
2016
Listing Agency:
Cloud Real Estate
(254) 289-1280
Listed By:
Virginia Cloud (254) 690-3311 · License #0205127
Source:
Magnoliarealtywaco
Added: Nov 18, 2025
Changed: Aug 29
Last Checked: Aug 25 at 7:11AM
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 Cloud Real Estate
Investment Insights
Based on property information with market context.
This 2400-square-foot flex property sits on a one-acre site and combines warehouse space with a functional office and one bathroom. The layout supports a range of commercial operations, while the rear portion adds outdoor storage capacity for equipment, materials, or inventory.
A covered area at the back could be enclosed to add approximately 1,000 square feet to the building. The property is located just off S W S Young Drive at 802 S W S Young Drive in Killeen, providing a commercially oriented setting with room for parking and exterior storage.
A covered area at the back could be enclosed to add approximately 1,000 square feet to the building. The property is located just off S W S Young Drive at 802 S W S Young Drive in Killeen, providing a commercially oriented setting with room for parking and exterior storage.
Key Highlights
- 2400‑square‑foot flex property on a one‑acre lot
- Functional office space and one bathroom
- Rear outdoor storage area included
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
$17,258
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
4.93%
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%
$345,160
$345.2K
Cap Rate 7%
$246,543
$246.5K
Cap Rate 9%
$191,756
$191.8K
Market Conditions
NOI Build-Up for 2,400 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
$21.6K $9.00/SF
− Vacancy
−$1.3K −$0.54/SF
EGI
$20.3K $8.46/SF
− OpEx
−$3.0K −$1.27/SF
NOI
$17.3K $7.19/SF
Area
Killeen, TX
Vacancy
6.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
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%
$345,160
Cap Rate 7%
$246,543
Cap Rate 9%
$191,756
Alternative Uses
Best Use
Warehouse
$246.5K
$215.7K – $287.6K
NOI $17,258 @ 7.0% cap · market cap 4.93%
Second Best
Flex RnD
$225.0K
$196.9K – $262.6K
NOI $15,753 @ 7.0% cap · market cap 4.50%
Theoretical Best
Office A
$576.5K
$504.4K – $672.5K
NOI $40,352 @ 7.0% cap · market cap 11.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
384
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76543, TX
30,545
Population
15,300
Households
2
Avg Household Size
30
Median Age
15%
College-Educated
91%
High-School Grad
35.6 sq mi
ZIP Area
858
Density / Sq Mi
$51,239
Median Household Income
$31,712
Median Earnings
$1,099
Median Rent
$140,700
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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- Just Cooking BBQ And More — 441 N 38th St #500, Killeen, TX 76543
Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial building with warehouse area, office space, a bathroom, and additional covered storage capacity.
Where is this flex space located?
The property is located at 802 S W S Young Drive Killeen, TX.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 2400‑square‑foot flex property on a one‑acre lot; Functional office space and one bathroom; Rear outdoor storage area included
