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Property profile & analytics
FOR SALE
Commercial real estate
2206 E Central Texas Expy Killeen, TX 76543
Entity Owned
26-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-3676230
For Sale
1 / 6
$875,000
2206 E Central Texas Expy, Killeen, TX 76543
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1982
Total area
6,375 SF
Lot
0.46 ac (19,998 SF)
Zoning code
B-5
APN
131022
UPID
US82-3676230
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Cedar Crest Hospital - Outpatient Treatment Medical Clinic
-
Cedar Crest Counseling Center Medical Clinic
-
Coldwell Banker Commercial United, Realtors Real Estate Agency
-
Dr. Ramil T. Baratang, MD Physician
-
Puls Medical Group Medical Group
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$440k
CAP Approach
CAP
$925k
Comparable Approach
Comparable
$720k
Blend (final)
Blend
$695k
Owner & transaction history
CODRA COMMERCIAL
CODRA COMMERCIAL
Zoning & alternative use
B-5 · Killeen, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Killeen submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Killeen submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$440,000
CAP Approach
CAP Return
Estimation
6%
$1,005,000
6.5%
$925,000
7%
$860,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$540,000
Current use
INDUSTRIAL (GENERAL)
$465,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$695k
Range $626k – $765k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$109 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$11,358
Tax year 2023
Assessed value
$718,625
Assessed 2024
Previous assessed
$600,000
+19.8% YoY
Effective rate
1.58%
On assessed value
Assessed land
$180,000
Assessed improvement
$538,625
Land market value
$180,000
Improvement market value
$538,625
Total market value
$718,625
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1982
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Bathrooms
1
Total area
6,375 SF
Lot
0.46 ac (19,998 SF)
Zoning code
B-5
APN
131022
UPID
US82-3676230
Jurisdiction
BELL
Zoning & alternative use
B-5 · Killeen, TX
Zoning B-5 · permitted uses
B-5 · Killeen, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Killeen. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$540,000
INDUSTRIAL (GENERAL)
Est. value
$465,000
COMMERCIAL (GENERAL) Current
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1982
Heating
CENTRAL
Cooling
Yes
Stories
2
Bathrooms
1
Lot
0.46 ac
Current owner
From public records · entity-resolved
CODRA COMMERCIAL
Individual
Free & Clear · 0 yrs held
Mailing address
3800 SW S YOUNG DR STE #101, KILLEEN, TX 76542-3312
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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