Killeen, TX
Commercial Real Estate Market Trends & Data

$309 Avg asking sale price
$20 Avg asking lease rate
8,011 SF Avg unit lease size
10,495 SF Avg building size for sale
6.82% Average cap rate

Killeen's Demographic Profile

Killeen has 60,651 households and a median income of $51,908, 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 163,444
# Households 60,651
Median age 31
Median household income $51,908
Avg household size 3.0
Renter-occupied housing units 32,715
5-year population change +11%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Killeen, TX

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Killeen $159 11,311 SF 5.14%
Harker Heights $137 9,676 SF 7.35%
Nearby Retail Markets Avg Cost/SF Typical Size
Killeen $569 11,807 SF
Fort Hood $246 6,134 SF
Harker Heights $1,299 1,800 SF
Salado $350 6,000 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Killeen $131 11,724 SF 8.59%
Fort Hood $165 5,902 SF 8.59%
Gatesville $293 1,296 SF 9.25%

Commercial Properties For Sale in Killeen

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

Wolf Tech and Life Science Park

Killeen, TX 76542

  • 94.42 AC Lot
  • 1 Commercial Lot
  • Price Upon Request
For Sale

Whataburger | New 15yr Corp Abs NNN GL

Killeen, TX 76542

  • 3,305 SF Retail Building
  • 4.50% Cap Rate
  • $2,667,000
For Sale

Bryce Apartments

Killeen, TX 76541

  • 6,394 SF Multifamily
  • 5.94% Cap Rate
  • $545,000
For Sale

Stefek Drive - Multiple Lots

Killeen, TX 76542

  • 21.94 AC Lot
  • 1 Commercial Lot
  • $2,700,000
For Sale

Ft. Hood Commercial Downtown Land

Killeen, TX 76541

  • 1.04 AC Lot
  • 1 Commercial Lot
  • $139,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

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

Commercial Markets Avg Cost/SF Average Size
Killeen $309 10,495 SF
Nolanville $120 5,000 SF
Fort Hood $193 7,848 SF
Harker Heights $332 4,478 SF
Belton $486 34,068 SF

Regional Demographic Comparison

This comparison places Killeen 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 Killeen or distributed across surrounding areas.

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

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

Killeen 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 Killeen?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Killeen. 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 Killeen?

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

How does Killeen compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Killeen. 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 Killeen acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Killeen, 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.

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