Office Units with Meeting
For Sale
Contact for pricing
804 N Gray Street 804, Killeen, TX 76541
Two available suites offer private offices, a break room, and ADA restroom access.
Property Size9,496 SF
Price / SF$0.27
Days on Market85
Property Features for 804 N Gray Street 804
General Information
Standard status
Active
Size
9,496 SF
Property subtype
CommercialLease
Listing Agency:
Linnemann Realty
(254) 628-9272
Listed By:
Michael E. Linnemann · License #0428608
(254) 535-6186
Source:
Cornerstone-properties
Added: Jul 25
Changed: Oct 15
Last Checked: Oct 16 at 8:45AM
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 Linnemann Realty
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Investment Insights
Based on property information with market context.
This office property at 804 N Gray Street includes two available suites within a 9,496-square-foot building. The office layout includes approximately 4–5 private offices, a break room, an ADA bathroom, an entry hall, and a large central room suited to meetings, training sessions, or events.
The property is located in Killeen, Texas, between Rancier and the Historic District. Its configuration provides a combination of enclosed office areas and flexible shared space for professional operations, group gatherings, and administrative functions.
The property is located in Killeen, Texas, between Rancier and the Historic District. Its configuration provides a combination of enclosed office areas and flexible shared space for professional operations, group gatherings, and administrative functions.
Key Highlights
- Two office suites available
- 9,496‑square‑foot office property
- Approximately 4–5 private offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$125,530
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,510,600
$2.5M
Cap Rate 7%
$1,793,286
$1.8M
Cap Rate 9%
$1,394,778
$1.4M
Market Conditions
NOI Build-Up for 9,496 SF
Gross rent
$205.1K $21.60/SF
− Vacancy
−$37.7K −$3.97/SF
EGI
$167.4K $17.63/SF
− OpEx
−$41.8K −$4.41/SF
NOI
$125.5K $13.22/SF
Area
Killeen, TX
Vacancy
18.40%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,510,600
Cap Rate 7%
$1,793,286
Cap Rate 9%
$1,394,778
Alternative Uses
Best Use
Office B
$1.79M
$1.57M – $2.09M
NOI $125,530 @ 7.0% cap · market cap 4,873.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.28M
$2.00M – $2.66M
NOI $159,660 @ 7.0% cap · market cap 6,197.98%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,466
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - Two available suites offer private offices, a break room, and ADA restroom access.
Where is this office units located?
The property is located at 804 N Gray Street 804 Killeen, TX.
What are key features of this property?
This property features: Two office suites available; 9,496‑square‑foot office property; Approximately 4–5 private offices
