Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Priest Dr Killeen, TX 76541

    • Land
    • 2.44 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Priest Dr

    Lot size
    2.44 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Killeen
    County
    Bell
    State
    Texas
    Longitude
    -97.7331
    Latitude
    31.1147

    Comparable in this City

    • Value Estimation by Request
      1.22 Acres

      Priest Dr

      Land • 1.22 Acres
      0 Priest Dr, Killeen, TX 76541
      View Details
    • Value Estimation by Request
      0.91 Acres

      Lowes Blvd

      Land • 0.91 Acres
      0 Lowes Blvd, Killeen, TX 76541
      View Details
    • Value Estimation by Request
      6.10 Acres

      2106 Greenwillow Ave

      Land • 6.10 Acres
      2106 Greenwillow Ave, Killeen, TX 76541
      View Details
    • Value Estimation by Request
      1.41 Acres

      550 Central Texas Expy

      Land • 1.41 Acres
      550 Central Texas Expy, Killeen, TX 76541
      View Details
    • Value Estimation by Request
      1.06 Acres

      Lowes Blvd

      Land • 1.06 Acres
      0 Lowes Blvd, Killeen, TX 76541
      View Details
    • Value Estimation
      $330,000
      4,000 SF

      112 Sprott Ave

      INDUSTRIAL (GENERAL) • 4,000 SF
      112 Sprott Ave, Killeen, TX 76541-4751
      View Details

    Similar Nearby for Sale

    • $921,294
      1.41 Acres

      Prime Killeen Commercial Land

      1.41 Acres, B-5 Zoning, High Traffic
      550 Central Texas Expy, Killeen, TX 76541
      View Details
    • $275,996
      1.06 Acres

      Prime Killeen Commercial Land

      1.056-acre lot, B-5 zoning, excellent location.
      0 Lowes Blvd, Killeen, TX 76541
      View Details
    • $238,072
      0.91 Acres

      Killeen Commercial Land - 0.91 Acres

      Prime Killeen commercial lot, B-5 zoning.
      0 Lowes Blvd, Killeen, TX 76541
      View Details
    • $1,200,000
      6.10 Acres

      Killeen Land: 6 Acres, Mixed-Use Potential

      Prime Killeen land, residential & commercial zoning.
      2106 Greenwillow Ave, Killeen, TX 76541
      View Details
    • $980,100
      2.23 Acres

      Prime Killeen Commercial Land

      2.225 Acres, I-14 Access, $980,100
      601 Central Texas Expy, Killeen, TX 76541
      View Details
    • $691,610
      1.32 Acres

      Prime Killeen Commercial Land

      1.32 Acres, B-5 Zoning, High Visibility
      450 Central Texas Expy, Killeen, TX 76541
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr

      Killeen Retail Space & Apartments

      Retail space & updated apartments.
      420 Gilmer St, Killeen, TX 76541
      View Details
    • $15 SF/Yr
      4,738 SF

      Killeen Retail Building For Lease

      Prime Killeen Retail Space - 4,738 SF
      719 Rancier Ave, Killeen, TX 76541
      View Details
    • $1,190 /Mo
      1,000 SF

      Retail Space Available For Rent

      Retail space available for lease in Killeen, Texas.
      309 N 8Th St, Killeen, TX 76541
      View Details
    • $3,000 /Mo
      125,845 SF

      Prime Retail Space Near Fort Cavazo

      Retail space suitable for restaurant, office, or store.
      710 W Rancier Ave, Killeen, TX 76541
      View Details
    • $1,995 /Mo
      6,534 SF

      Retail Space in Killeen, TX

      Laundromat space for lease with existing washer and dryer hookups.
      424 Gilmer St, Killeen, TX 76541
      View Details
    • $0.75 SF/Yr
      5,500 SF

      Retail Space Near Fort Hood

      Retail space with excellent access and visibility in Killeen, TX.
      201-227 E Hallmark Ave, Killeen, TX 76541
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Priest Dr
    Killeen, TX 76541
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.