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

    400 Jasper Dr Killeen, TX 76542

    • Commercial real estate
    • 8,390 SF
    • 0.78 lot acres
    For Lease
    View listing
    $42 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-9902710
    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

    • Soliz Cynthia / Law Firm
    • Meyer Savannah / Law Firm
    • Jackson Todd Law, PLLC / Law Firm
    • Tim Armstrong Acupuncture / Medical Clinic / Alternative Medicine Practice
    • WoodsEdge Counseling / Counselor

    Property Details for 400 Jasper Dr

    Year built
    1985
    Lot size
    0.78 lot acres
    Property size
    8,390 SF
    Property type
    Commercial real estate
    APN
    457496
    APU
    457496

    Description

    This exceptional two-story executive office building, located at 400 W Jasper Dr in Killeen, Texas, presents a fantastic opportunity for businesses seeking flexible and convenient workspace. Built in 1985 and extensively renovated in 2018, the Carlson Business Center boasts 8,390 square feet across 16 individual suites, perfect for a variety of professional needs. The property sits on a generous 1.45-acre lot (APN 457496) and is zoned B-3. Currently, five suites ranging from 163 to 300 square feet are available. The building offers shared amenities including a conference room, break room, and waiting area, enhancing collaboration and professionalism. Ample parking is provided with 20+ spaces available for tenants. Lease terms are flexible, with 6-month options available. The attractive lease rate of $3.50 per square foot is all-inclusive, covering all utilities and expenses, making budgeting simple and predictable. This property is an ideal solution for businesses seeking a well-maintained, amenity-rich, and conveniently located office space in the thriving Killeen market. The building has no elevators.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $720,000
      Market price range: $355k - $1.17M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $715,000
      Current use
      INDUSTRIAL (GENERAL)
      $615,000
      Change: -14% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Killeen
    County
    Bell
    State
    Texas
    Longitude
    -97.7443
    Latitude
    31.1011
    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
    $17,018
    $89,206
    $845,794
    $935,000
    -
    $89,206
    $845,794
    $935,000

    Comparable in this City

    • Value Estimation by Request
      17.10 Acres

      5201 W S Young Dr

      Land • 17.10 Acres
      5201 W S Young Dr, Killeen, TX 76542
      View Details
    • Value Estimation by Request
      0.90 Acres

      311 Lowes Blvd

      Land • 0.90 Acres
      311 Lowes Blvd, Killeen, TX 76542
      View Details
    • Value Estimation by Request
      1.80 Acres

      401 Stefek Dr

      Land • 1.80 Acres
      401 Stefek Dr, Killeen, TX 76542
      View Details
    • Value Estimation by Request
      0.28 Acres

      3915 Stan Schlueter Loop

      COMMERCIAL (GENERAL) • 0.28 Acres
      3915 Stan Schlueter Loop, Killeen, TX 76542-4656
      View Details
    • Value Estimation by Request
      13.58 Acres

      3300 Stan Schlueter Loop

      COMMERCIAL (GENERAL) • 13.58 Acres
      3300 Stan Schlueter Loop, Killeen, TX 76542-4594
      View Details
    • Value Estimation by Request
      1.03 Acres

      507 Stan Schlueter Loop

      COMMERCIAL (GENERAL) • 1.03 Acres
      507 Stan Schlueter Loop, Killeen, TX 76542-3986
      View Details

    Similar Nearby for Sale

    • $165,000
      0.46 Acres

      Killeen Commercial Land Investment

      High-Visibility I-14 Commercial Lot
      313 Cheyenne Dr, Killeen, TX 76542
      View Details
    • Contact for pricing
      1.46 Acres

      Prime Killeen Commercial Land

      1.46 Acres, B-5 Zoning, Texas
      710 Stefek Dr, Killeen, TX 76542
      View Details
    • $1,575,000
      22.51 Acres

      Cunningham Road Land Opportunity

      22.5 Acres, Killeen, TX - Development Ready
      5011 Cunningham Rd, Killeen, TX 76542
      View Details
    • Contact for pricing
      1.45 Acres

      Prime Killeen Commercial Land

      1.45 Acres, B-5 Zoning, Texas
      301 Stefek Dr, Killeen, TX 76542
      View Details
    • $427,584
      2.45 Acres

      Prime Killeen Commercial Land

      2.45 Acres, B-5 Zoning, $427K
      5300 W S Young Dr, Killeen, TX 76542
      View Details
    • $384,199
      1.47 Acres

      Prime Killeen Commercial Land

      1.47-acre lot, B-5 zoning, $384,199.20
      309 Lowes Blvd, Killeen, TX 76542
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail/Office Space For Lease

      Remodeled property with space for multiple tenants.
      3310 S Fort Hood St, Killeen, TX 76542
      View Details
    • Contact for pricing
      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
    • Contact for pricing

      Killeen Retail Pad Sites Available

      Retail and pad sites available in Killeen, Texas.
      Elms Rd, Killeen, TX 76542
      View Details
    • Contact for pricing
      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
    • $3,044 /Mo
      65,340 SF

      Restaurant Suite with Drive-Through

      1,230 sqft restaurant suite with drive-through available for lease.
      3700 W S Young Dr, 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
    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.
    400 Jasper 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.