4824 Reese Creek Rd Killeen, TX 76549
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.