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Jeannette Spinelli

Broker Associate & Founder | Spinelli Residential Group | KW - Austin Portfolio Real Estate

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815 N 8th St , Killeen, TX 76541
$599,900
Est. Payment: $3,266.74/mo
5555 Sqft
0.43 Acres
Status: active | Days on site: 1
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Jeannette Spinelli
Broker Associate & Founder

House Description

Turnkey Multi-Tenant Investment Opportunity | Value-Add Upside This fully leased B-5 Commercial Plaza presents an exceptional opportunity for investors seeking immediate cash flow with future rent growth potential. The property consists of 5,555 SF of retail/commercial space divided into five suites, currently 100% occupied by three established tenants, generating $4,300 per month ($51,600 annually) in current rental income. Built in 2004, the plaza sits on a highly visible corner lot encompassing approximately 0.43 acres and offers abundant on-site parking, excellent access, and strong exposure to surrounding commercial and residential traffic. The flexible multi-suite layout accommodates a variety of retail, office, service, and community-focused businesses, while five separate HVAC units provide efficient operation and tenant flexibility. This stabilized asset offers investors the advantage of day-one cash flow with a compelling value-add opportunity. Current rents provide solid income today, while the property's pro forma potential of approximately $6,000 per month ($72,000 annually) highlights a clear path to increased revenue through lease renewals, rent adjustments, and optimized tenant mix. The upside represents a potential increase of over 39% in gross monthly income, making this an attractive opportunity for investors seeking both stability and growth.

Highlights

Listed by Oraya Fernandez , 254-833-3379 Real Broker , 855-450-0442. Central Texas MLS

Property Type

Commercial Sale

Lot/Acreage
0.43

Year Built

2004

County

Bell

Neighborhood

Killeen Original

Listing ID

626846

Questions about this listing?

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Interior Features

Air Cond:Central Air,Electric,3+ Units
Fireplaces:
Floor:Combination
Other:
  • ▪ Additional:See Remarks
Water:Public

Exterior Features

Zoning:B-5
Roof:Flat
Others:
  • ▪ Additional:Lighting
Sewer:Public Sewer
Parking Features:Parking Space(s)
Principal Interest
$3,267
Taxes
$382

Home Price

$599,900

Loan Details

30 yrs
7.228%

Down Payment

20%
$119,980
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$3,266.74

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,266.74 $382.44 $0.00 $3,649.18
Yearly $39,200.91 $4,589.24 $0.00 $43,790.14
Total $1,176,027.15 $137,677.05 $0.00 $1,313,704.20

Today's Rates

30 Year

7.23%

20 Year

6.94%

15 Year

6.71%

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Market insight data is pulled from the same city as the listing being viewed (Killeen, TX).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Central Texas MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-10-24T07:07:59.000Z

© 2026 Central Texas MLS