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

    313 Cheyenne Dr Killeen, TX 76542

    • Commercial land
    • 0.46 lot acres
    For Sale
    View listing
    $144,900
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-5391547
    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 313 Cheyenne Dr

    Lot size
    0.46 lot acres
    Property type
    Commercial land
    APN
    318893
    APU
    318893

    Description

    This 0.46-acre commercial lot in Killeen, TX, presents a unique investment opportunity near I-14. Its prime location ensures high visibility and easy accessibility, making it ideal for a variety of businesses. The property is zoned B-5, offering versatility in potential uses

    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
    -97.7436
    Latitude
    31.1032
    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
    $3,125
    $180,954
    $0.00
    $180,954
    -
    $180,954
    $0.00
    $180,954

    Comparable in this City

    • Value Estimation by Request
      0.38 Acres

      Elm Rd

      VACANT COMMERCIAL LAND • 0.38 Acres
      Elm Rd, Killeen, TX 76542
      View Details
    • Value Estimation by Request
      0.19 Acres

      3106 S Young Dr

      VACANT COMMERCIAL LAND • 0.19 Acres
      3106 S Young Dr, Killeen, TX 76542-2000
      View Details
    • Value Estimation by Request
      1.63 Acres

      4805 S Young Dr

      VACANT COMMERCIAL LAND • 1.63 Acres
      4805 S Young Dr, Killeen, TX 76542
      View Details
    • Value Estimation by Request
      0.48 Acres

      Elms Rd

      VACANT COMMERCIAL LAND • 0.48 Acres
      Elms Rd, Killeen, TX 76542
      View Details
    • Value Estimation by Request
      0.43 Acres

      1900 Elms Rd

      VACANT COMMERCIAL LAND • 0.43 Acres
      1900 Elms Rd, Killeen, TX 76542-3357
      View Details
    • Value Estimation by Request
      0.06 Acres

      2250 Elms Rd

      VACANT COMMERCIAL LAND • 0.06 Acres
      2250 Elms Rd, Killeen, TX 76542
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Killeen Retail Development Opportunity

      Future retail pads and strip center development in Killeen, Texas.
      4606 Old Florence Rd, Killeen, TX 76542
      View Details
    • $205,000
      2.00 Acres

      Killeen Land For Sale

      Two acres zoned B-3, suitable for retail, restaurant, or hotel.
      8872 Trimmier Rd, Killeen, TX 76542
      View Details
    • $399,000
      2.97 Acres

      Killeen Commercial Land For Sale

      2.971 acre commercial lot in Killeen, Texas.
      4401 Trimmier Rd, Killeen, TX 76542
      View Details
    • $1,094,660
      2.49 Acres

      Killeen Commercial Land For Sale

      2.49 acres of commercial land at W.S.Young and Stagecoach.
      2431 Stagecoach Rd, Killeen, TX 76542
      View Details
    • $450,000
      17.10 Acres

      Killeen, TX Commercial Land

      17+ acres of commercial land with frontage on S. W.S. Young.
      5201 W S Young Dr, Killeen, TX 76542
      View Details
    • $1,199,000
      18.94 Acres

      Unzoned Land in Killeen, TX

      18.772 acres of unzoned land with endless potential.
      2920 Chaparral Rd, Killeen, TX 76542
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Killeen Retail Pad Sites Available

      Retail and pad sites available in Killeen, Texas.
      Elms Rd, Killeen, TX 76542
      View Details
    • $3,500 /Mo
      3,500 SF

      TX-195 Hard Corner Land

      Highly visible commercial land for rent on TX-195.
      12198 State Highway 195, Killeen, TX 76542
      View Details
    • Contact for pricing
      37,026 SF

      Killeen Development Pad - Prime Location

      High-traffic, 0.85-acre commercial lot.
      3803 Stan Schlueter Loop, Killeen, TX 76542
      View Details
    • $22 SF/Yr
      1,239 SF

      Retail/Medical Space Available For Lease

      Second generation retail and medical space available for lease.
      3100 W Stan Schlueter Loop, Killeen, TX 76542
      View Details
    • $3,500 /Mo
      5,750 SF

      Spacious Retail and Storage Building

      5,750 sq ft building with retail and storage space.
      1520 S Fort Hood St, Killeen, TX 76542
      View Details
    • $2.00 SF/Yr
      10,246 SF

      Retail Space in Killeen, TX

      Remodeled retail property with space for multiple tenants.
      3310 S Fort Hood St, Killeen, TX 76542
      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.
    313 Cheyenne Dr
    Killeen, TX 76542
    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.