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    420 Gilmer St Killeen, TX 76541

    For Lease
    $12 SF/Yr

    Retail space & updated apartments.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional Killeen, Texas property at 420 N Gilmer St, zip code 76541, presents a unique investment opportunity combining retail space and residential apartments. Built in 1976, the property features a 714 square foot retail space currently with one unit available for lease. The property also includes multiple apartment units, offering a diverse income stream. Apartment options include one-bedroom, one-bathroom units renting for $550 per month and two-bedroom, one-bathroom units renting for $695 per month. One of the one-bedroom, one-bathroom units is currently available. The apartments boast recently updated interiors, featuring attractive laminate flooring throughout and all-white kitchen appliances. This prime location in downtown Killeen offers unparalleled convenience, with close proximity to Fort Cavazos and a variety of amenities including restaurants, gas stations, and shopping centers. The property's strategic location and the combination of retail and residential units make it an attractive investment for those seeking a diversified portfolio. The property's latitude and longitude coordinates are 31.1241941, -97.7367813 respectively. This is a rare opportunity to acquire a well-situated property with strong rental potential in a thriving Texas market.

    Property Features for 420 Gilmer St

    General Information

    Property type
    Multifamily properties
    Lease Type
    Gross Lease

    Building Details

    Year Built
    1976

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    0 SF
    Rate per SF
    $12

    HighLights

    • Exceptional investment opportunity: Retail space and apartments in Killeen, TX (76541).
    • 714 sq ft retail space, one unit available for lease.
    • Multiple apartment units: one‑bedroom/one‑bath ($550/month), two‑bedroom/one‑bath ($695/month); one one‑bedroom unit currently vacant.
    • Recently updated apartments with laminate flooring and white appliances.
    • Prime downtown Killeen location near Fort Cavazos and amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Village West Apartments Apartment Building

    Suggested Use

    Realty agency Law Firm Dental Office Spa & Massage Restaurant Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Killeen
    County
    Bell
    State
    Texas
    Longitude
    -97.7367813
    Latitude
    31.1241941

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    FAQs

    What type of property is this?
    Multifamily property - Retail space & updated apartments.
    Where is this multifamily property located?
    The property is located at 420 Gilmer St Killeen, TX.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Exceptional investment opportunity: Retail space and apartments in Killeen, TX (76541).; 714 sq ft retail space, one unit available for lease.; Multiple apartment units: one-bedroom/one-bath ($550/month), two-bedroom/one-bath ($695/month); one one-bedroom unit currently vacant.
    Request Owner's contact information
    420 Gilmer St Killeen, TX 76541
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    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
    420 Gilmer St Killeen, TX 76541
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