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    4824 Reese Creek Rd Killeen, TX 76549

    For Sale
    $3,640,000

    45 Acres, High-Growth Area, $3.64M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 45-acre commercial land parcel presents a unique investment opportunity in Killeen, Texas. Located directly across from Killeen Regional Airport and adjacent to Fort Cavazos Army Base, this property boasts unparalleled visibility and access. Zoned Agricultural, it's ideally suited for a variety of commercial or light industrial uses, including planned unit developments. The site offers 650+ feet of frontage on State Highway 201, experiencing a high average daily traffic count of 14,509 vehicles (TxDOT 2022 data). Convenient access is provided via Reese Creek Road, with a planned road extension to further enhance connectivity to SH-201. Utilities including city water, sewer, and Oncor Electric are readily available. The gently rolling terrain features some trees and an existing pond, situated in a minimal flood hazard area. This prime location is within easy reach of major roadways, including SH-195 providing access to Austin (45 minutes away), and is surrounded by new residential developments, making it an attractive location for businesses seeking to capitalize on the area's robust growth. The property's proximity to Texas A&M University-Central Texas, Advent Health Central Texas, and Central Texas College further enhances its appeal. Additional acreage may be available. The asking price is $3,640,000, translating to $82,000 per acre.

    Property Features for 4824 Reese Creek Rd

    General Information

    Property type
    Land
    Lot Size
    1,960,200 SF

    HighLights

    • $3,640,000 asking price for 45 acres of commercial land.
    • Agricultural zoning.
    • Located across from Killeen Regional Airport, offering high visibility in a high‑growth area.
    • Situated along Clear Creek Corridor with access to State Highway 201.
    • 650+ feet of State Highway 201 frontage.
    • Utilities (water, sewer, electric) available adjacent to the site.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Auto Repair Shop Hair Salon Clothing Store Skin Care Clinic Food Market HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Killeen
    County
    Bell
    State
    Texas
    Longitude
    -97.8145728
    Latitude
    31.0602098

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    FAQs

    What type of property is this?
    Land - 45 Acres, High-Growth Area, $3.64M
    Where is this land located?
    The property is located at 4824 Reese Creek Rd Killeen, TX.
    What is the asking price?
    The asking price for this property is $3,640,000.
    What are key features of this property?
    This property features: $3,640,000 asking price for 45 acres of commercial land.; Agricultural zoning.; Located across from Killeen Regional Airport, offering high visibility in a high-growth area.
    Request Owner's contact information
    4824 Reese Creek Rd Killeen, TX 76549
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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
    4824 Reese Creek Rd Killeen, TX 76549
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