Commercial Real Estate Market in Killeen, TX
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
672 active listings and 2,913 off-market properties in Killeen, TX. Commercial property asks $134/SF to buy and $10.56/SF/Yr to lease.
Market Trends
Killeen, TX spans 250.9 square miles in Bell County, Texas. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Killeen, TX asks $157/SF to buy. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Retail
Retail space in Killeen, TX asks $143/SF to buy. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Industrial
Industrial vacancy in Killeen, TX runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily space in Killeen, TX asks $126/SF to buy. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 52.4%
- Agricultural 16.5%
- Commercial 13.8%
- Planned_development 6.9%
- Industrial 6.2%
- Civic 1.6%
Largest Zones share of zoned land by district
Single Family Residential District
Agricultural
Business District
Planned Unit Development
Manufacturing District
Killeen, TX zones 30,292 acres across 35 districts. Commercial zoning covers 13.8% of zoned land, residential 52.4% and industrial 6.2%. The largest single district is Single Family Residential District at 36.7%. For commercial buyers the practical constraint is that only 20% of land carries a commercial or industrial designation.
Agricultural (A)
All territory annexed to the city shall be initially classified as district "A" agricultural district. The planning and zoning commission shall within twelve (12) months after date of annexation recommend to the city council a plan for permanent zoning in the area. The procedure to be followed for adoption shall be the same as is provided by law for the adop…
Market overview
Demographics & Economy
Killeen, TX has 220,815 residents in 87,929 households. Density runs 880 people per square mile. Median household income here is $63,534 and median gross rent $1,215 a month.
220,815
Population
87,929
Households
2.5
Avg Household Size
29
Median Age
24%
College-Educated
93%
High-School Grad
250.9 sq mi
ZIP Area
880
Density / Sq Mi
$63,534
Median Household Income
$36,554
Median Earnings
$1,215
Median Rent
$200,195
Median Home Value
Tools
Lease vs Buy Breakeven
At $10.56/SF/Yr lease vs $134/SF buy → buying wins if held > 2.3 years.
The comparison uses county-wide sale comps against Killeen asking rents, so the implied 7.9% gross yield is computed off asking rents rather than a closed-deal cap-rate benchmark. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Chaffee Village | $134 (county avg) | — |
| McNair Village | $134 (county avg) | — |
| Harker Heights | $134 (county avg) | $17.59 |
| Clear Creek | $134 (county avg) | — |
Commercial property in Killeen, TX asks $134/SF. The 4 bordering markets run from $134/SF in Chaffee Village to $134/SF in Chaffee Village, and the city sits in line with their $134/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Killeen?
Commercial property in Killeen, TX asks an average of $134 per square foot. Office carries the highest asking price at $157/SF.
How much does it cost to lease commercial space in Killeen?
Asking lease rates in Killeen, TX average $10.56 per square foot per year.
Is it cheaper to lease or buy commercial space in Killeen?
Buying beats leasing in Killeen, TX if the property is held longer than 2.3 years, comparing $10.56/SF/Yr asking rent with $134/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
How does Killeen compare to nearby markets on price?
Killeen, TX asks $134/SF against $134/SF in Chaffee Village, $134/SF in McNair Village, $134/SF in Harker Heights and $134/SF in Clear Creek.
What zoning applies to commercial property in Killeen?
Killeen, TX zones 30,292 acres across 35 districts, of which 13.8% is commercial and 6.2% industrial. The largest single district is Single Family Residential District at 36.7% of zoned land. Residential zoning covers 52.4% and open space 0%.
Where does Realmo's Killeen market data come from?
Realmo compiles Killeen, TX figures from 521 active sale listings, 151 active lease listings, 2,913 tracked off-market properties, the current Killeen zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 521 active for-sale and 151 active for-lease listings in Killeen, TX. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Price per square foot
- The county-level $/SF blends closed sales aggregated over the trailing months of available data, not a single day's snapshot — it can differ from any one month's own median.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 30,292 zoned acres across 35 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- the lease-vs-buy comparison mixes county-wide sale comps with city asking rents, office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
