Harker Heights, TX
Commercial Real Estate Market Trends & Data

$336 Avg asking sale price
$32 Avg asking lease rate
12,572 SF Avg unit lease size
4,380 SF Avg building size for sale
6.52% Average cap rate

Harker Heights's Demographic Profile

Harker Heights has 12,468 households and a median income of $74,250, providing context for rent absorption and tenant demand across retail and multifamily assets. A +11% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 35,185
# Households 12,468
Median age 35
Median household income $74,250
Avg household size 3.0
Renter-occupied housing units 5,146
5-year population change +11%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Harker Heights, TX

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Harker Heights $127 8,100 SF 8.63%
Killeen $179 8,557 SF 8.63%
Nearby Retail Markets Avg Cost/SF Typical Size
Harker Heights $1,082 2,410 SF
Fort Hood $237 6,211 SF
Killeen $287 11,801 SF
Salado $350 6,000 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Fort Hood $107 9,376 SF 8.59%
Killeen $106 12,879 SF 8.59%
Georgetown $74 98,980 SF 3.64%

Commercial Properties For Sale in Harker Heights

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Workspace USA Killeen - Phase 1

Killeen, TX 76543

  • 17,400 SF Flex Building
  • $283,277 - $1,110,583
For Sale

1007 S Ann Blvd

Harker Heights, TX 76548

  • 3,373 SF Office Building
  • 8.63% Cap Rate
  • $319,000
For Sale

Take 5 Oil Change

Harker Heights, TX 76548

  • 3,631 SF Retail Building
  • 5.75% Cap Rate
  • $2,347,826
For Sale

524 Pan American Dr

Harker Heights, TX 76548

  • 2,100 SF Retail Building
  • 5.35% Cap Rate
  • $1,383,000
For Sale

C STORE – DEVELOPMENT SITE

Nolanville, TX 76559

  • 2.80 AC Lot
  • 1 Commercial Lot
  • $1,400,000
For Sale

Black Rock Coffee - Austin TX MSA

Harker Heights, TX 76548

  • 1,500 SF Retail Building
  • 5.50% Cap Rate
  • $2,909,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

How Investors Evaluate Commercial Real Estate Markets

Multifamily vs. Single-Family Investing ROI
Multifamily vs. Single-Family Investing ROI
Multifamily vs single-family investing compared across cash flow, vacancy risk, financing, management complexity, and ROI to help investors evaluate returns and downside risk by property type.
CapEx in Commercial Real Estate
CapEx in Commercial Real Estate
How to plan capital expenditures, prioritize projects, and manage risk without sacrificing returns on your commercial property investment.
Internal Rate of Return (IRR) Calculator
Internal Rate of Return (IRR) Calculator
Use this calculator to measure annualized returns, compare investment scenarios, and evaluate risk across commercial real estate deals.
What is a Ground Lease?
What is a Ground Lease?
Understanding the Nuances of Ground and Land Leases
Master Lease Strategies
Master Lease Strategies
Maximizing Control and Income with Flexible Leasing Solutions
How to Find Industrial Tenants for Your Property
How to Find Industrial Tenants for Your Property
A practical guide to finding qualified industrial tenants, from building your tenant profile to tenant screening and closing the lease.
Bonus Depreciation
Bonus Depreciation
A practical guide to using bonus depreciation to reduce tax liability, improve cash flow, and plan property improvements with timing strategies in mind.
Accelerated Depreciation in Commercial Real Estate
Accelerated Depreciation in Commercial Real Estate
Understand how accelerated depreciation works, which method fits your deal, and how to avoid the tax pitfalls that catch most investors off guard.

Nearby Commercial Markets

Comparing nearby markets helps investors see whether Harker Heights pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Harker Heights $336 4,380 SF
Fort Hood $179 8,439 SF
Nolanville $120 5,000 SF
Killeen $208 9,650 SF
Belton $289 43,141 SF

Regional Demographic Comparison

This comparison places Harker Heights alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Harker Heights or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Harker Heights 35,185 12,468 35 $74,250 3 5,146 11%
Fort Hood 27,069 5,618 26 $51,627 3 5,536 5%
Nolanville 6,181 2,164 36 $64,964 3 782 14%
Killeen 163,444 60,651 31 $51,908 3 32,715 11%
Belton 25,471 8,780 32 $56,927 3 3,737 11%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Harker Heights, TX and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Harker Heights

View All Commercial Real Estate For Sale in Harker Heights
Is Harker Heights a good market for a first-time commercial real estate investor?

Harker Heights offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Harker Heights?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Harker Heights. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Harker Heights?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Harker Heights. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Harker Heights compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Harker Heights. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Harker Heights acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Harker Heights, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

Nearby Market Trends