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    803 Central Texas Expy Killeen, TX 76541

    For Sale
    Contact for pricing

    132-Key Hotel, Distressed Sale

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This six-story, 132-key hotel in Killeen, Texas presents a compelling redevelopment opportunity. Located at 803 W Central Texas Expy, 76541, this concrete and block structure boasts excellent visibility from Interstate 14 and Central Texas Expressway. Originally built in 1984, the hotel features 116 standard rooms and 16 suites, all non-smoking. Its prime location offers easy access to major employers including Fort Cavazos, Darnall Army Medical Center, and Killeen Independent School District, as well as leisure attractions like the 1st Cavalry Division Museum and Killeen Mall. The property's strategic positioning caters to both business and leisure travelers, benefiting from proximity to Killeen-Fort Cavazos Regional Airport (GRK). Franchise approvals are in place, and pre-approved plans are available for a seamless transition. This distressed sale offers significant potential for investors seeking to capitalize on the thriving Killeen hospitality market. The property's strong location and existing infrastructure provide a solid foundation for a successful hotel redevelopment project. This is a unique chance to acquire a substantial hotel property in a rapidly growing area with high demand for hospitality services.

    Property Features for 803 Central Texas Expy

    General Information

    Property type
    Hotels

    Building Details

    Stories
    6

    HighLights

    • Excellent visibility from I‑14 and Central Texas Expressway.
    • Six‑story, 132‑key hotel in Killeen, TX, built in 1984.
    • Prime location near Fort Cavazos, Darnall Army Medical Center, and Killeen‑Fort Cavazos Regional Airport (GRK).
    • Strong location benefits both business and leisure travelers, with proximity to major employers and attractions.
    • Distressed sale offering significant redevelopment potential with pre‑approved plans and franchise approvals in place.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Red Lion Hotel ... Hotel OYO Hotel Killeen ... Hotel Brotherhood Bar & Lounge Bar Taj Restaurant & Bar, ... Restaurant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Killeen
    County
    Bell
    State
    Texas
    Longitude
    -97.733191005971
    Latitude
    31.095501063076

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    FAQs

    What type of property is this?
    Hotel - 132-Key Hotel, Distressed Sale
    Where is this hotel located?
    The property is located at 803 Central Texas Expy Killeen, TX.
    What are key features of this property?
    This property features: Excellent visibility from I-14 and Central Texas Expressway.; Six-story, 132-key hotel in Killeen, TX, built in 1984.; Prime location near Fort Cavazos, Darnall Army Medical Center, and Killeen-Fort Cavazos Regional Airport (GRK).
    Request Owner's contact information
    803 Central Texas Expy Killeen, TX 76541
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    803 Central Texas Expy Killeen, TX 76541
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