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Property profile & analytics
OFF-MARKET
Commercial real estate

4824 Reese Creek Rd Killeen, TX 76549

45 ac lot
Property ID
US82-3620975
Property summary
AI-generated overview

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 profile
Verified
Property type Commercial real estate
Lot 45 ac (1,960,200 SF)
UPID US82-3620975
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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