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Killeen, TX High Cap Rate Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Killeen, Texas Market population: 131K. Explore income-producing properties with verified cap rates and operating...

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⭐ Featured

Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code

$1,200,000
Oakland Multifamily

Discover a compelling real estate investment in the vibrant city of Oakland, California. This property at 5476 Vicente W...

Cap Rate 2.70%
NOI $32,400
Size 1,800 SF

📊 Avg Property Tax Rate For Killeen TX Properties: 1.6200%

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High-Cap-Rate Value-Add Multifamily Investment in Oakland

$2,299,999
Oakland Multifamily

Discover a compelling value-add opportunity in Oakland’s vibrant real estate market. This six-unit multifamily propert...

Cap Rate 7.97%
NOI $183,323
Size 6,104 SF

Investor Questions For Killeen TX

Common questions from investors exploring commercial real estate in Killeen TX.

What is the overall investment potential of Killeen, TX, considering its demographic and economic factors? +
Killeen, TX, with a population of 131,237 and a median age of 27.7, presents a unique investment opportunity, especially given its median household income of $45,895 and a poverty rate of 15.3%, which, when combined with an 85.8% health insurance coverage, suggests a relatively stable workforce. The top industries, including Public Administration and Manufacturing, contribute to the local economy, while the ethnic diversity, with top ethnicities being White, Black, and White Non-Hispanic, indicates a potentially vibrant community.
How does the commute time and health insurance coverage impact the quality of life for residents and, by extension, the rental market in Killeen, TX? +
The average commute time of 19.9 minutes in Killeen, TX, coupled with the high health insurance coverage rate of 85.8%, suggests a high quality of life for residents, which can positively impact the rental market by attracting and retaining tenants. This, combined with the top commute methods being drove alone, carpooled, or worked at home, indicates flexibility and convenience for residents, making the area more desirable for investment.
What role do the top industries and ethnic diversity play in determining market demand for real estate investments in Killeen, TX? +
The top industries in Killeen, TX, such as Public Administration, Agriculture, Forestry, Fishing & Hunting, & Mining, and Manufacturing, contribute to a diverse economy, which can lead to a stable demand for housing. Additionally, the ethnic diversity, with significant White, Black, and White Non-Hispanic populations, suggests a culturally rich community that can attract a broad range of residents, thereby supporting market demand for real estate investments.
How do the poverty rate and income inequality affect the tenant quality and potential for long-term rentals in Killeen, TX? +
The poverty rate of 15.3% and a GINI coefficient of 0.394 in Killeen, TX, indicate some level of income inequality, which, when considered alongside the 85.8% health insurance coverage, suggests that while there are challenges, there is also a significant portion of the population with stable employment and access to healthcare. This mix can lead to a tenant pool that includes both lower-income and more stable, employed individuals, potentially supporting a mix of short-term and long-term rentals.
What insights can be gleaned from the median property value, property taxes, and homeownership rate for real estate investment strategies in Killeen, TX? +
The median property value of $114,400 and median property taxes of $2,171 in Killeen, TX, offer insights into the affordability and potential return on investment for real estate. When combined with a homeownership rate of 46.1%, these factors suggest a balanced market where both rental and ownership opportunities exist, allowing investors to consider strategies that cater to either renters or buyers, depending on their investment goals and the local demand.

Killeen TX Real Estate & City Facts

Key facts and real estate information about Killeen TX.

What are some of the best neighborhoods to live in Killeen? +
Some of the best neighborhoods to live in Killeen include Yowell Ranch, White Rock Estates, Sunflower Estates, Trimmier Estates, and The Highlands at Westcliff. Harker Heights and Nolanville are also popular options due to their proximity to Fort Hood and growing communities. Additionally, Westcliff Road is a peaceful and family-friendly neighborhood known for its quiet streets and safety.
What are some fun things to do in Killeen? +
There are plenty of fun things to do in Killeen, including visiting the Lions Club Aquatics Park, Vive Les Arts Theatre, Fort Hood November 5 Memorial, and the Central Texas Theatre. You can also explore the outdoors at Belton Lake Outdoor Recreation Area or play a round of golf at Stonetree Golf Club. For some family-friendly fun, check out the Killeen Arts & Activities Center or the planetarium at Central Texas College.
What is the food scene like in Killeen? +
The food scene in Killeen is diverse and delicious, with popular restaurants like Taiwan Dragon, Texas Roadhouse, La Gondola, and Rudy's. You can also find authentic Texas barbecue at Big Hoss BBQ, or try some global cuisine at C & H Hawaiian Grill or Cajun Crabs & Shrimp. There are also plenty of great food trucks and local eateries to explore.
What are the pros and cons of living in Killeen? +
Some pros of living in Killeen include its proximity to Fort Hood, affordable housing options, and a growing community with plenty of amenities. However, some cons include the city's rapid growth and high influx of soldiers, which can lead to traffic and congestion. Additionally, the economy is heavily dependent on the military, which can be a challenge for some residents. Overall, Killeen is a great option for those who value a strong sense of community and a low cost of living.
Is Killeen a good place to live? +
Killeen is a great place to live for those who value a strong sense of community, affordable housing, and a low cost of living. While it may have its challenges, the city has a lot to offer, from its vibrant food scene to its outdoor recreation opportunities. With its growing population and economy, Killeen is a city on the rise, and it's definitely worth considering for anyone looking to relocate to Central Texas.
⭐ Featured

Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal

$2,299,999
Oakland Apartment Building

Presenting a high-yield investment opportunity at 5476 Vicente Way in Oakland's sought-after Temescal neighborhood. This...

Cap Rate 7.97%
NOI $183,300
Size 0 SF

📊 Average Income For Killeen TX Commercial Property: $45,895

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Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal

$2,299,999
Oakland Multifamily

Discover a compelling investment opportunity at 5476 Vicente Way in Oakland's vibrant Temescal neighborhood. This well-m...

Cap Rate 7.97%
NOI $183,324
Size 0 SF
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Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate

$5,800,000
Central City Multifamily

Discover a prime multifamily investment opportunity at 101 Gregory St in Central City, Colorado. This 18-unit mid-rise a...

Cap Rate 5.70%
NOI $330,380
Size 13,454 SF
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New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate

$5,800,000
Central City Multifamily

Discover a prime multifamily investment opportunity at 101 Gregory St in Central City, Colorado. This 18-unit mid-rise a...

Cap Rate 5.70%
NOI $330,380
Size 13,454 SF
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New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate

$5,800,000
Central City Multifamily

Discover a compelling investment in Central City, Colorado, with this newly constructed 18-unit multifamily property at...

Cap Rate 5.70%
NOI $330,380
Size 13,454 SF
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Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA

$1,750,000
San Fernando Multifamily

Presenting a compelling value-add opportunity in the heart of San Fernando, California, this 8-unit multifamily property...

Cap Rate 6.66%
NOI $116,550
Size 5,040 SF
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Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate

$30,000,000
Valley Village Multifamily

Discover a prime multifamily investment opportunity in the desirable Valley Village neighborhood of Los Angeles County....

Cap Rate 3.39%
NOI $1,017,000
Size 52,393 SF
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Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate

$1,275,000
San Fernando Multifamily

Discover a compelling multifamily investment in the heart of San Fernando, California. This 5-unit apartment property, p...

Cap Rate 7.76%
NOI $98,945
Size 10,888 SF
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Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127

$2,450,000
Miami Multifamily (Condo)

Discover a prime investment opportunity at 136 NW 26th St in Miami, Florida. This Class B multifamily condo property, bu...

Cap Rate %
NOI $0
Size 30,000 SF
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Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset

$1,375,000
Philadelphia Multifamily

Discover a prime investment opportunity at 1531 Green St in Philadelphia, PA, a dynamic multifamily property offering co...

Cap Rate %
NOI $0
Size 6,624 SF
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