Killeen, Texas, offers a unique opportunity for investors to tap into the city's growing economy. With a population exceeding 127,000, Killeen has become one of the fastest-growing areas in the nation. Commercial Real Estate in Killeen for sale presents an attractive investment option, thanks to the city's strong connection to Fort Hood, a major military post. This military presence has transformed Killeen into a hub for defense contractors and businesses that cater to the needs of the military community. The city's infrastructure, including Skylark Field and Killeen–Fort Hood Regional Airport, Hill Country Transit District (The HOP), and major highways like Interstate 14/U.S. Highway 190, Business Loop 190, State Highway 195, and Spur 172, makes it an ideal location for businesses to thrive. Additionally, Killeen is home to several institutions, including Central Texas College and Texas A&M University-Central Texas, which provide a skilled workforce. The city's amenities, such as Metroplex Hospital, Seton Medical Center Harker Heights, and the Olin E. Teague Veterans' Medical Center, also contribute to its appeal. With 63 Commercial Real Estate listings available for sale, investors have a wide range of options to choose from.
Killeen's Commercial Real Estate market offers a diverse range of investment opportunities. From office spaces to retail stores, each property type presents its unique advantages. For instance, Industrial Properties in Killeen offer proximity to major transportation hubs, making them ideal for logistics and manufacturing businesses. Apartment Buildings in Killeen provide a steady income stream, thanks to the city's growing population. Office Properties in Killeen are well-suited for businesses that cater to the military community, while Hotels in Killeen benefit from the city's tourism industry. With an average price per square foot of $151 USD and an average size of 55,842 square feet, Commercial Real Estate in Killeen presents an attractive investment opportunity. The largest property available spans 165,648 square feet, offering ample space for businesses to grow. With an average cap rate of 6.39%, investors can expect a steady return on their investment. Overall, Killeen's Commercial Real Estate market offers a unique blend of stability and growth potential, making it an attractive option for investors.
What financing options are available for purchasing commercial real estate?
When it comes to financing options for purchasing commercial real estate in Killeen, Texas, there are several alternatives to consider, including:
- Traditional bank loans, which offer competitive interest rates and flexible repayment terms, making them a popular choice for commercial property investors.
- Small Business Administration (SBA) loans, which provide financing for small businesses and startups, with benefits such as lower down payments and longer repayment periods.
- Private money lending, which offers a faster and more flexible alternative to traditional bank loans, often with fewer requirements and more lenient credit standards.
How do cap rates factor into commercial real estate purchases?
When considering commercial real estate purchases in Killeen, Texas, cap rates play a crucial role in determining the potential return on investment. With an average cap rate of 6.39%, investors can gauge the property's ability to generate income and make informed decisions about their investment, as explained in our article on what is a cap rate.
In Killeen, where there are currently 63 available listings of commercial real estate, understanding cap rates is essential for investors to navigate the market and find opportunities that align with their investment goals. By analyzing cap rates, investors can compare properties and determine which ones offer the best potential for returns, taking into account factors such as the property's income, expenses, and value.
What is considered a commercial property?
In Killeen, Texas, a commercial property is typically defined as a building or land used for business or commercial purposes, such as office spaces, retail stores, restaurants, warehouses, and other types of properties that generate income. With 63 available listings of commercial real estate in Killeen, investors and business owners have a range of options to choose from, with average prices per square foot of $151 USD and average sizes of 55,842 square feet.
