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Days708Days on Market
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$450,000

3309 & 3311 Old Fm 440 Road, Killeen, TX, 76549

On MarketInfo
CommercialInfo
Baths0 Bath

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size2.15 acres

Land Information

APN7365
SubdivisionT Robinett
Land UseResidential
Legal DescriptionA0686BC T ROBINETT, 14, 756-10, ACRES 2.15 14, 756-10,
Census Tract023109
Assessed Land Value$79,819
Assessment Year2025

About this property

This 3.9 Acres is located at the corner of Old FM 440 and W Elms Rd in Killeen. Lot 1 is 1.75 Acres and Lot 2 is 2.15 Acres. Both lots are being sold together. The lots are currently zone residential, however the city has indicated that B5 commercial zoning would be supported here. This corner with a traffic light has fantastic visibility and high vehicle traffic. The sale includes a small house located on the property that is currently rented. More land is available just to the south along Old FM 440. Bring your ideas and let us here at John Reider Properties know how we can help.

Investor Tools

Property Icon
$233,000
Estimated Property Value
$0Estimated Mortgage Balance
$207,850Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,700 /month
Positive
Cash Flow Estimate:
$900 /month

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John Reider

John Reider Properties II, Ltd

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$214/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,403
$79,819
2025
$79,819
N/A
$79,819
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,403
$79,819

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First State Bank Central Texas
Credit Line (Revolving) / Heloc
$50,000
No
First
Mar 9, 2007
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$25,150
$207,850
89%
11%
$300/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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