Listing Agency: Cloud Real Estate Show Phone

Listed By: Virginia Cloud · License #0205127 Show Phone

Source: Cornerstone-properties

Added: Sep 2 Changed: Oct 14 Last Checked: Oct 23 at 6:48AM

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Investment Insights

Based on property information with market context.

This 2,400-square-foot warehouse was built in 2016 and includes dedicated office space plus one bathroom. The property occupies one acre, providing room for on-site operations and outdoor storage. A covered rear area offers the potential to enclose approximately 1,000 additional square feet, subject to applicable requirements.

Located at 802 S W S Young Drive in Killeen, the property is positioned just off S W S Young Drive with visibility from a high-traffic business corridor. B-3 zoning supports its commercial setting, while the combination of warehouse, office, covered, and exterior storage areas provides a flexible physical layout.

Key Highlights

• 2,400‑square‑foot warehouse built in 2016
• One‑acre property with room for outdoor storage
• Office space and one bathroom included

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$17,258

Cap Rate

4.93%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$345,160 $345.2K

Cap Rate 7%

$246,543 $246.5K

Cap Rate 9%

$191,756 $191.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,400 SF

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 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 (±1% cap)

NOI $17,258 @ 7.0% cap · market cap 4.93%

Second Best

Flex RnD

$225.0K

$196.9K – $262.6K (±1% cap)

NOI $15,753 @ 7.0% cap · market cap 4.50%

Theoretical Best

Office A

$576.5K

$504.4K – $672.5K (±1% cap)

NOI $40,352 @ 7.0% cap · market cap 11.53%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Wills Lonestar Glass Hardware & Home Improvement

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Building Supply Pharmacy Law Firm Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

384

Businesses Nearby

Balanced

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

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Similar Off Market Nearby

• Extra Space Storage — 1001 S W S Young Dr, Killeen, TX 76543
• Killeen I.S.D Property Management Warehouse — 412 Commerce Dr, Killeen, TX 76543
• Scobey Moving & Storage — 2702 Atkinson Ave, Killeen, TX 76543
• 2 Affordable Auto Repair — 3106 Atkinson Ave, Killeen, TX 76543

Frequently Asked Questions

What type of property is this?

Warehouse - 2016-built warehouse with office space, one bathroom, and rear outdoor storage.

Where is this warehouse 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: 2,400‑square‑foot warehouse built in 2016; One‑acre property with room for outdoor storage; Office space and one bathroom included