Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Hollow Rd Killeen, TX 76542
    Back to Search
    Property profile & analytics

    Hollow Rd Killeen, TX 76542

    View on Map
    • Land
    • 81.50 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Hollow Rd

    Lot size
    81.50 lot acres
    Property type
    Land

    Description

    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.

    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
    -97.6769
    Latitude
    31.0028

    Comparable in this City

    • Value Estimation by Request
      1.46 Acres

      710 Stefek Dr

      Land • 1.46 Acres
      710 Stefek Dr, Killeen, TX 76542
      View Details
    • Value Estimation by Request
      1.45 Acres

      800 Stefek Dr

      Land • 1.45 Acres
      800 Stefek Dr, Killeen, TX 76542
      View Details
    • Value Estimation by Request
      22.51 Acres

      5011 Cunningham Rd

      Farms • 22.51 Acres
      5011 Cunningham Rd, Killeen, TX 76542
      View Details
    • Value Estimation by Request
      2.00 Acres

      8595 Trimmier Rd

      Land • 2.00 Acres
      8595 Trimmier Rd, Killeen, TX 76542
      View Details
    • Value Estimation by Request
      9.57 Acres

      3500 Elms Rd

      Restaurants • 9.57 Acres
      3500 Elms Rd, Killeen, TX 76542
      View Details
    • Value Estimation by Request
      20.00 Acres

      Cunningham Rd

      Land • 20.00 Acres
      0 Cunningham Rd, Killeen, TX 76542
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2.14 Acres

      Killeen Commercial Land - 2.14 Acres

      Prime Killeen commercial lot, high visibility.
      3221 Rosewood Dr, Killeen, TX 76542
      View Details
    • Contact for pricing

      Land Available For Sale

      Land available for sale in Killeen, Texas.
      800 Stefek Dr, Killeen, TX 76542
      View Details
    • $295,000
      12.00 Acres

      Killeen, TX Land For Sale

      12 acre land parcel available in Killeen, Texas.
      Crossfire Trl, Killeen, TX 76542
      View Details
    • $700,000
      14.50 Acres

      Killeen Land: 14.5 Acres Development Ready

      Prime Killeen land, ideal for development.
      102 Elms Rd, Killeen, TX 76542
      View Details
    • Contact for pricing
      1.70 Acres

      Killeen Retail Pad Site

      1.7-Acre QSR Land Opportunity
      801 Stefek Dr, Killeen, TX 76542
      View Details
    • Contact for pricing

      Land Available For Sale

      Land available for sale on Stefek Dr, Killeen, TX.
      720 Stefek Dr, Killeen, TX 76542
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land For Rent

      Single tenant land available for rent, 1 to 2 acres.
      3221 Rosewood Dr, Killeen, TX 76542
      View Details
    • Contact for pricing

      Killeen Retail Pad Sites Available

      Retail and pad sites available in Killeen, Texas.
      Elms Rd, Killeen, TX 76542
      View Details
    • $3,500 /Mo
      3,500 SF

      TX-195 Hard Corner Land

      Highly visible commercial land for rent on TX-195.
      12198 State Highway 195, Killeen, TX 76542
      View Details
    • Contact for pricing

      Prime Development Pad Site Available

      0.85 AC development pad site with frontage on Stan Schlueter Loop.
      3803 E Stan Schlueter Loop, Killeen, TX 76542
      View Details
    • Contact for pricing

      Upscale Retail/Restaurant/Office Space

      New retail, restaurant, and office space in South Killeen.
      6304 Trimmier Rd, Killeen, TX 76542
      View Details
    • Contact for pricing

      Killeen Retail/Office/Medical Lease Space

      Retail, professional office, or medical lease spaces available in Killeen.
      1900 E Elms Rd, Killeen, TX 76542
      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.
    Hollow Rd
    Killeen, TX 76542
    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

    Thank You for Inquiry
    Hollow Rd, Killeen, TX, 76542
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!