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

    2301 Clear Creek Rd Killeen, TX 76549

    • Commercial real estate
    • 46,260 SF
    • 2.14 lot acres
    For Lease
    View listing
    Last Sale
    Dec 30, 2020
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-9434914
    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

    • AdventHealth Central Texas Internal Medicine / Medical Clinic
    • Dr. Shree Shrestha / Physician
    • Eye Clinic Of Killeen / Eye Care Center
    • Arthritis Consultants / Medical Clinic
    • AdventHealth Central Texas Orthopedics and Podiatry / Medical Clinic

    Property Details for 2301 Clear Creek Rd

    Year built
    1990
    Lot size
    2.14 lot acres
    Property size
    46,260 SF
    Property type
    Commercial real estate
    APN
    467531
    APU
    467531

    Description

    This exceptional medical office space, located at 2301 S Clear Creek Rd in Killeen, Texas (zip code 76549), offers a total of 2,436 square feet. Currently, the entire space is vacant and available for lease. The building is situated within the Metroplex/Advent Health Central Texas Hospital campus, providing unparalleled access and visibility for healthcare professionals. The property features newly renovated common areas, creating a modern and inviting atmosphere. Multiple tenancy options are available, with a minimum divisible space of 1,805 square feet and a maximum contiguous space of 2,436 square feet. This prime location in Bell County, Texas, presents a unique opportunity for medical practices seeking a well-appointed and conveniently located office space. The property offers generous tenant improvement packages, allowing for customization to meet specific needs. This is an ideal setting for practices seeking high visibility and proximity to a major healthcare facility. The property's address is easily accessible and offers ample parking for patients and staff. This is a rare opportunity to secure a fully vacant, modern medical office space in a high-demand location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $4,477,000
      Market price range: $2.03M - $6.37M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $4,195,000
      Current use
      INDUSTRIAL (GENERAL)
      $3,380,000
      Change: -19% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Killeen
    County
    Bell
    State
    Texas
    Longitude
    -97.8007
    Latitude
    31.1123
    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
    $135,379
    $784,699
    $6,468,554
    $7,253,253
    -
    $784,699
    $6,468,554
    $7,253,253

    Comparable in this City

    • Value Estimation
      $585,000
      313.70 Acres

      Clear Crk Rd

      COMMERCIAL (GENERAL) • 313.70 Acres
      Clear Crk Rd, Killeen, TX 76549
      View Details
    • Value Estimation by Request
      0.23 Acres

      54th S Rd

      COMMERCIAL (GENERAL) • 0.23 Acres
      54th S Rd, Killeen, TX 76549
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    • Value Estimation by Request
      0.23 Acres

      56th S Rd

      COMMERCIAL (GENERAL) • 0.23 Acres
      56th S Rd, Killeen, TX 76549
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    • Value Estimation by Request
      1.22 Acres

      4219 Clear Crk Rd

      COMMERCIAL (GENERAL) • 1.22 Acres
      4219 Clear Crk Rd, Killeen, TX 76549-4127
      View Details
    • Value Estimation by Request
      0.13 Acres

      2111 Clear Crk Rd

      COMMERCIAL (GENERAL) • 0.13 Acres
      2111 Clear Crk Rd, Killeen, TX 76549-4110
      View Details
    • Value Estimation
      $4,550,000
      185,646 SF

      3404 Stan Schlueter Loop

      COMMERCIAL (GENERAL) • 185,646 SF
      3404 Stan Schlueter Loop, Killeen, TX 76549-4705
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7.75 Acres

      Killeen, TX Commercial Land

      7.75 Acres, B-5 Zoning, High Traffic
      0 Clear Crk Rd & Stan Schlueter Loop, Killeen, TX 76549
      View Details
    • $201,273
      0.54 Acres

      Killeen Commercial Land - 0.54 Acres

      Prime Commercial Lot, B-5 Zoning, Excellent Location
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      1.25 Acres

      Killeen Commercial Land - B-5 Zoning

      1.25 Acres, Prime Killeen Location
      500 Stefek Dr, Killeen, TX 76549
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    • $199,000
      1.22 Acres

      Killeen Commercial Land - $199,000

      Prime B-3 zoned lot, ideal for retail. High visibility location.
      4202 Watercrest Rd, Killeen, TX 76549
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    • $1,195,722
      1.83 Acres

      Prime Killeen Commercial Land

      1.83-Acre Pad Site, High Traffic
      2803 Stan Schlueter Loop, Killeen, TX 76549
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    • $505,688
      1.78 Acres

      Killeen Commercial Land - $505,688

      1.78-acre commercial lot, high traffic area.
      5310 Clear Creek Rd, Killeen, TX 76549
      View Details

    Similar Nearby for Lease

    • $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
      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
    • $6,211 /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
    • 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
    • $3,675 /Mo
      6,565 SF

      Retail Property in Killeen, TX

      Retail property with high exposure and ample parking available for rent.
      5304 W Elms 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
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    Killeen, TX 76549
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    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
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