2501 Polk St Killeen, TX 76543
This exceptional 20.25-acre property presents a compelling investment opportunity in northeast Killeen, Texas. Located at 2501 Polk St, 76543, this infill land parcel is situated within an established residential area, experiencing significant growth. Currently zoned R-1 for single-family dwellings, the property offers considerable potential for higher-density development, subject to necessary zoning changes through the city's Planning & Zoning Commission and City Council. The area's comprehensive plan highlights a need for diverse housing options, making this site well-positioned to meet that demand. A large single-family development is currently under construction just one mile southeast, further underscoring the area's growth trajectory. While the property currently has a single access point on Polk Street, city fire codes mandate two access points for developments exceeding 30 units, with specific separation requirements. Potential buyers should investigate options for establishing a secondary access point. It's important to note that a 60-foot utility easement runs along the northern portion, and a 200-foot fall zone surrounds a telecommunications easement (cell tower) in the northeast corner. These easements restrict development in those areas but could be incorporated into park space or other low-impact uses. This property offers a unique blend of location, zoning potential, and growth opportunity, making it an attractive proposition for discerning investors.
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.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.