Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1700 Elms Rd Killeen, TX 76549

    • Commercial land
    • 0.94 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4968984
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial land

    Property Details for 1700 Elms Rd

    Lot size
    0.94 lot acres
    Property type
    Commercial land
    APN
    483447
    APU
    483447

    Description

    This exceptional 1.88-acre commercial property presents a remarkable investment opportunity in the thriving Killeen, Texas market. Strategically located on busy Elms Road, this hard corner lot enjoys unparalleled visibility and accessibility. The property's ideal position is nestled amongst established residential communities, creating a high-demand area ripe for commercial development. Its proximity to a gas station plaza and car wash further enhances its appeal and convenience. Nearby amenities include schools, shopping centers featuring major retailers like Walmart and HEB, ensuring a robust customer base. The property's convenient location also offers easy access to Fort Hood Street, Highway 195, and US Highway 190/114, providing excellent connectivity throughout the region. The site's versatility allows for a wide range of commercial ventures, including but not limited to small businesses, restaurants, cafes, food establishments, laundromats, and childcare facilities. The property's rear boundary abuts the Stratford Subdivision and other residential areas, creating a natural synergy between residential and commercial development. This prime location and substantial acreage offer significant potential for substantial returns. The property is listed at $579,900 and presents a unique chance to capitalize on the growing Killeen market. Don't miss this opportunity to acquire a highly desirable commercial property in a prime location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Killeen
    County
    Bell
    State
    Texas
    Longitude
    -97.7662
    Latitude
    31.0896
    CBSA code
    28660
    CBSA name
    KILLEEN-TEMPLE-FORT HOOD, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,662
    $193,472
    $0.00
    $193,472
    -
    $193,472
    $0.00
    $193,472

    Comparable in this City

    • Value Estimation by Request
      4.18 Acres

      3002 Old Fm 440th Rd

      VACANT COMMERCIAL LAND • 4.18 Acres
      3002 Old Fm 440th Rd, Killeen, TX 76549-1601
      View Details
    • Value Estimation by Request
      1.50 Acres

      1310 Pershing Dr

      VACANT COMMERCIAL LAND • 1.50 Acres
      1310 Pershing Dr, Killeen, TX 76549-1236
      View Details
    • Value Estimation by Request
      1.52 Acres

      Robinett Rd

      VACANT COMMERCIAL LAND • 1.52 Acres
      Robinett Rd, Killeen, TX 76549
      View Details
    • Value Estimation by Request
      0.99 Acres

      Winfield Dr

      VACANT COMMERCIAL LAND • 0.99 Acres
      Winfield Dr, Killeen, TX 76549
      View Details
    • Value Estimation by Request
      27.92 Acres

      Clear Crk

      VACANT COMMERCIAL LAND • 27.92 Acres
      Clear Crk, Killeen, TX 76549
      View Details
    • Value Estimation by Request
      0.27 Acres

      Clear Crk Rd

      VACANT COMMERCIAL LAND • 0.27 Acres
      Clear Crk Rd, Killeen, TX 76549
      View Details

    Similar Nearby for Sale

    • $215,000
      2.13 Acres

      Killeen Commercial Development Opportunity

      Prime commercial land in Killeen, TX, with versatile zoning.
      1500 W Elms Rd, Killeen, TX 76549
      View Details
    • $2,180,000
      2.23 Acres

      2.23 Acre Commercial Pad Site

      Commercial pad site in Killeen, TX, ready for development.
      2252 Clear Creek Rd, Killeen, TX 76549
      View Details
    • $299,000
      2.62 Acres

      Killeen Land For Sale

      2.63 acre lot suitable for retail, restaurant, or medical use.
      7100 S Clear Creek Rd, Killeen, TX 76549
      View Details
    • $246,000

      Killeen Land Near Airport

      Raw land ideal for development near Fort Cavazos Army Base.
      Reese Creek Rd, Killeen, TX 76549
      View Details
    • Contact for pricing

      Land with Frontage on TX-195

      Land with high visibility and frontage on TX-195.
      White Willow Ct, Killeen, TX 76549
      View Details
    • $1,999,000
      5.71 Acres

      Prime Commercial Lot in Killeen

      5.7-acre commercial lot in high-traffic area near growing residential.
      2200 Clear Creek Rd, Killeen, TX 76549
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,856 SF

      Retail Space Available for Lease

      Retail property offering 4856 square feet in Killeen, TX.
      1103 W Stan Schlueter Loop, Killeen, TX 76549
      View Details
    • $6,018 /Mo
      20,049 SF

      Killeen Commercial Space Available

      Combined suites with multiple entrances and ample parking for rent.
      2710 Clear Creek Rd, Killeen, TX 76549
      View Details
    • $1,770 /Mo
      13,550 SF

      Professional Office Space Available Now

      Professional office space with reception area, three offices, ADA restroom.
      5504 Bunny Trl, Killeen, TX 76549
      View Details
    • Contact for pricing
      2,436 SF

      MetroPlex Medical Plaza: Killeen, TX

      Medical Office Space for Lease: Killeen, TX
      2301 Clear Creek Rd, Killeen, TX 76549
      View Details
    • Contact for pricing
      2,087 SF

      Retail Space with High Frontage

      Retail space with 436 feet of frontage available for rent.
      4310 S Clear Creek Rd, Killeen, TX 76549
      View Details
    • Contact for pricing
      2,130 SF

      Retail Space with High Frontage

      Retail space with significant frontage near key locations.
      4300 S Clear Creek Rd, Killeen, TX 76549
      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.
    1700 Elms Rd
    Killeen, TX 76549
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.