Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    880 Prospector Trl Harker Hts Harker Heights, TX 76548

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    880 Prospector Trl Harker Hts Harker Heights, TX 76548

    View on Map
    • Office properties & Spaces
    • 6,000 SF
    • 1.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for 880 Prospector Trl Harker Hts

    Year built
    2006
    Lot size
    1.00 lot acres
    Property size
    6,000 SF
    Property type
    Office properties & Spaces
    Property subtype
    Medical Office Space

    Description

    This exceptional 6,000 square foot medical office building, situated on a one-acre lot in Harker Heights, Texas, presents a compelling investment opportunity. Built in 2006, the single-story structure boasts 5,948 square feet of net rentable space, currently configured to accommodate a variety of medical and professional uses. A significant portion (3000+ sq ft) is available for lease, offering immediate income potential. The existing tenant occupies a beautifully finished space. The property enjoys excellent visibility and ample parking, situated in a thriving commercial area with a mix of professional offices, retail establishments, and restaurants, surrounded by new residential neighborhoods. The B4 commercial zoning allows for diverse uses. The asking price is $1,250,000, translating to $210.15 per square foot. This property offers a strong return on investment in a desirable location with high growth potential. The property is owned by Atrium Heights LLC.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Harker Heights
    County
    Bell
    State
    Texas
    Longitude
    -97.6554
    Latitude
    31.0524

    Comparable in this City

    • Value Estimation by Request
      9,208 SF

      2101 Memory Ln

      Medical space • 9,208 SF
      2101 Memory Ln, Harker Heights, TX 76548
      View Details
    • Value Estimation by Request
      9,194 SF

      400 Central Texas Exp*

      Office Units • 9,194 SF
      400 Central Texas Exp*, Harker Heights, TX 76548
      View Details
    • Value Estimation by Request
      19,440 SF

      572 Central Texas Expy

      Office properties & Spaces • 19,440 SF
      572 Central Texas Expy, Harker Heights, TX 76548
      View Details
    • Value Estimation by Request

      601 Farm To Market 2410

      Land
      601 Farm To Market 2410, Harker Heights, TX 76548
      View Details
    • Value Estimation by Request
      2.24 Acres

      1323 Way

      Land • 2.24 Acres
      1323 Way, Harker Heights, TX 76548
      View Details
    • Value Estimation by Request

      612 Central Texas Expy

      COMMERCIAL (GENERAL)
      612 Central Texas Expy, Harker Heights, TX 76548
      View Details

    Similar Nearby for Sale

    • $502,500
      74,444 SF

      Commercial Land in Harker Heights

      Two commercial lots totaling 1.709 acres in Harker Heights.
      2100 Triangle Rd, Harker Heights, TX 76548
      View Details
    • $502,500

      Commercial Land For Sale

      Two commercial lots totaling 1.709 acres in Harker Heights.
      2100/2105 Triangle Rd, Harker Heights, TX 76548
      View Details
    • Contact for pricing
      7,700 SF

      Harker Heights Office Building For Sale

      7,700 SF office building near Interstate 14 and Business 190.
      333 Indian Trail Dr, Harker Heights, TX 76548
      View Details
    • $429,000

      Harker Heights Office Building For Sale

      Office building for sale in Harker Heights, Texas.
      1700 E Fm 2410 Rd, Harker Heights, TX 76548
      View Details

    Similar Nearby for Lease

    • $2,289 /Mo
      1,371 SF

      Finished Office Suite in Harker Heights

      Professional office suite available for lease in Harker Heights.
      220 Commercial Dr, Harker Heights, TX 76548
      View Details
    • Contact for pricing

      Medical Office Building For Rent

      Medical office building with exam rooms and ADA bathrooms available.
      625 W Central Texas Expy, Harker Heights, TX 76548
      View Details
    • $2,289 /Mo

      Harker Heights Office Suite Available

      Professional office suite available in multi-tenant Harker Heights office center.
      220 Commercial Dr, Harker Heights, TX 76548
      View Details
    • $7,777 /Mo

      Harker Heights Office Space Available

      Office space with large open areas and good parking.
      346 Morgan St, Harker Heights, TX 76548
      View Details
    • Contact for pricing

      Office Space Near I-14

      Office space for rent near I-14 and FM 2410.
      100 W Central Texas Expy, Harker Heights, TX 76548
      View Details
    • Contact for pricing

      Harker Heights Executive Suites Available

      Executive suites for salons and retail in Harker Heights.
      300 W Central Texas Expy, Harker Heights, TX 76548
      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.
    880 Prospector Trl Harker Hts
    Harker Heights, TX 76548
    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

    880 Prospector Trl Harker Hts, Harker Heights, TX, 76548

    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!