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$140,936

NAL Estimated Property Value

1315 N Gray St, Killeen, TX, 76541

$144,749 ARVInfo
Off MarketInfo
CommercialInfo
Baths4,131 Sq Ft
OfficeOffice
Year BuiltBuilt in 1975

Highlights

Interior

Heating CentralHeating Central
CoolingCooling
FlooringCombination

Exterior

Lot Size15,002 sqft

Building Information

Year Built1975
Stories1
Roof Type176

Land Information

APN35751
Lot Number1
SubdivisionScharbauer Addition
Land UseCommercial
Legal DescriptionSCHARBAUER ADDITION, BLOCK 011, LOT PT 1, (N 100' OF 1) (N 100' OF 1)
Census Tract022801
Assessed Land Value$45,000
Assessed Improvement Value$95,936
Assessment Year2025

About this property

Discover endless potential in this unique commercial property located in the heart of Killeen. Formerly used as a church, this spacious building offers flexible open areas that can be transformed for a variety of creative uses, from a community center, event venue, or art studio to an office, wellness space, or small business hub.

Investor Tools

Property Icon
$140,936
Estimated Property Value
$86,060Estimated Mortgage Balance
$54,876Estimated Equity
38% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$144,748
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,500 /month
Positive
Cash Flow Estimate:
$1,500 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$293/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,807
$140,936
2025
$45,000
$95,936
$140,936
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,807
$140,936

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Edward Hall
Unknown
$100,000
No
First
May 1, 2019
Aug 2026

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$86,060
$54,876
38%
61%
$600/mo

Learn About the Market: Opportunity in Texas

Local Market Pages
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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Killeen

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1315 N Gray St | Property Details | No Agent List