4400 Watercrest Rd Killeen, TX 76549
Property profile & analytics
4400 Watercrest Rd Killeen, TX 76549
- Commercial real estate
- 14,518 SF
- 1.34 lot acres
Property ID
US83-4253664
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.
Location Intelligence
Current Use by Public Records
- Sweet Home Alabama Soul Food Truck / Restaurant
- AK Slays Hair & Content Studio / Hair Salon / Nail Salon
- Watercrest Laundromat / (Bike/Boat/Book/etc) Store
- Little Ladies Day Spa / Event Planning / Party Supply Store
Property Details for 4400 Watercrest Rd
- Year built
- 2011
- Lot size
- 1.34 lot acres
- Property size
- 14,518 SF
- Property type
- Commercial real estate
- APN
- 169446
- APU
- 169446
Description
This 14,450-square-foot shopping center in Killeen, Texas, presents a compelling value-add opportunity. Currently 38% occupied with three tenants under triple-net (NNN) leases, the property offers significant upside potential by leasing the remaining vacancies. The center boasts a desirable location at the intersection of Watercrest Road and Windfield Drive, benefiting from approximately 10,508 vehicles per day. A large, double-sided monument sign enhances visibility. The building, constructed in 2011, features a metal roof and sits on a 1.35-acre lot with ample paved parking. Tenants include a mix of internet-resistant and service-oriented businesses. The property's strategic location near Fort Cavazos, AdventHealth Central Texas, and Central Texas College ensures a strong customer base within a densely populated area (over 135,145 residents within five miles). The asking price is $1,700,000 ($117.65/sq ft), representing a current NOI of $37,723 and a pro-forma NOI of $223,860, yielding a pro-forma cap rate of 13.17%. The property is surrounded by national and regional retailers, further enhancing its appeal and potential for increased occupancy and revenue. This is a rare opportunity to acquire a below-replacement-cost retail center in a high-growth market with substantial upside potential.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $530,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $636,000
Market price range: $637k - $2.00M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Killeen
- County
- Bell
- State
- Texas
- Longitude
- -97.7871
- Latitude
- 31.1124
- 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
$12,304
$52,640
$625,904
$678,544
-
$52,640
$625,904
$678,544
