0 Hollow Rd Killeen, TX 76542
This exceptional 81.5-acre commercial land tract presents a prime development opportunity in Killeen, Texas. Located on Hollow Road, this irregularly shaped parcel borders federally owned land managed by the Bureau of Land Management, offering unique access to Stillhouse Hollow Lake. The property's zoning allows for the creation of 122 single-family lots, each approximately 0.5 acres in size. Water service is readily available, with West Bell County Water Service Company holding the necessary rights, and existing water lines potentially accessible in a neighboring development. The City of Killeen also has water lines approximately two miles away. This location benefits from high traffic volume, with 81,169 vehicles per day on nearby Highway 190, and a strong demographic profile, boasting a population of 45,644 and a household income of $94,319 within a five-mile radius. This makes it an ideal location for a new single-family residential development. The property's unique features and strategic location make it a compelling investment opportunity for developers seeking to capitalize on the robust Killeen market. The zip code is 76542.
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.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.