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$303,000

NAL Estimated Property Value

324 N Gray St, Killeen, TX, 76541

Off MarketInfo
CommercialInfo
Baths0 Bath
Baths2,025 Sq Ft
BusinessBusiness
Year BuiltBuilt in 1973

Highlights

Interior

Bathrooms 0Bathrooms 0
FlooringConcrete

Exterior

Lot Size5,942 sqft

Building Information

Year Built1973
Stories2

Land Information

APN102597
Lot Number11
SubdivisionKilleen Original
Land UseResidential
Legal DescriptionKILLEEN ORIGINAL, BLOCK 011, LOT PT 11, (N 54.5' OF W 110' OF 11) (N 54.5' OF W 110' OF 11)
Census Tract023500
Assessed Land Value$17,879
Assessed Improvement Value$278,065
Assessment Year2025

About this property

This 2 story historical building is ready for new owners. Prime real estate, the largest building in the Killeen downtown area. Corner business is sure to attract all of the attention this area could desire. The most wonderful feature of this building is the multiple usage capabilities. For example, warehouse, apartments, restaurant, mini storage, alcohol, auto repair, furniture sales. Rooftop cafe would be a great idea as well. Perfect for investors to renovate and make it your own. All measurements are to be verified by buyer and agent.

Investor Tools

Property Icon
$303,000
Estimated Property Value
$455,386Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,394 /month
Positive
Cash Flow Estimate:
$798 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$486/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$295,944
2025
$17,879
$278,065
$295,944
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$295,944

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Texas Bank
Building Or Construction Loan
$471,600
No
First
Jun 18, 2024
Jun 2045

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$455,386
N/A
0%
150%
$2,828/mo

Learn About the Market: Opportunity in Texas

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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.

Explore Texas Explore This Area
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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