Property profile

1002 Elms Rd Killeen, TX 76542

OFF-MARKET
Commercial real estate
Property ID
US82-2790595
17,980 SF 2.15 ac lot Built 1997
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Southpark Plaza, located at 1002 E Elms Rd, Killeen, TX 76542, offers a highly desirable corner retail space. This Class B property, built in 1997, boasts a total of 17,980 square feet and features ample parking with 151 spaces. Currently, one storefront unit is available, totaling 1,250 square feet, immediately ready for occupancy. The space is part of a multi-tenant building and is offered on a modified gross lease. The monthly rent for this unit (Unit 106) is $1,600, which includes CAM and water. A special incentive of two months free rent is being offered. The property is conveniently located near Trimmier Road, providing excellent visibility and accessibility. The minimum divisible space is 1,250 square feet, and the maximum contiguous space available is also 1,250 square feet. This presents a fantastic opportunity for a business seeking a well-located, move-in ready retail space in a thriving Killeen community.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1997
Total area 17,980 SF
Lot 2.15 ac (93,698 SF)
APN 169448
UPID US82-2790595

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Arcade & Gaming Center (Bike/Boat/Book/etc) Store
  • Property Management Company
  • Hair Salon
  • Restaurant
  • (Bike/Boat/Book/etc) Store Photography Service

Location

1002 Elms Rd Killeen, TX 76542-2870
Killeen metro Census 23002 KILLEEN-TEMPLE-FORT HOOD, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$740k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.31M
Blend (final) Blend
$1.03M

Owner & transaction history

since 2021
1 recorded transaction
2021
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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