Freestanding Storefront
For Sale
$299,900
3400 E Rancier Avenue, Killeen, TX 76543
CommercialSale, Killeen, TX
Property Size1,253 SF
Lot Size0.60 Acres
Price / SF$239.35
Days on Market58
Property Features for 3400 E Rancier Avenue
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
B-5
Accessibility
Accessible Approach with Ramp
Subdivision
Fernandez Add
Lot features
City Lot, Half To One Acre Lot
Directions
From I-14/US-190: Take the W.S. Young Drive exit and travel north. Turn right onto E. Rancier Avenue. Continue east approximately 1 mile. The property will be on the left-hand side of E. Rancier Avenue.
Standard status
Active
APN
135380
Size
1,253 SF
Lot size
0.60 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
FERNANDEZ ADDITION, BLOCK 001, LOT 0001, ACRES .604
Tax Annual Amount
4967
Legal Description
FERNANDEZ ADDITION, BLOCK 001, LOT 0001, ACRES .604
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Electric
Water source
Public
Building Details
Year built
1996
Floors in Building
1
Flooring type
Laminate
Building materials
Masonry
Listing Agency:
Homestead Real Estate
(254) 238-7021
Listed By:
Alyssa Moore · License #0830047
(512) 564-3260
Added: Jul 2
Changed: Aug 20
Last Checked: Aug 28 at 10:06AM
MLS# 618521
Copyright © 2026 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This freestanding storefront property at 3400 E. Rancier Avenue in Killeen contains approximately 1,253 square feet within a masonry building constructed in 1996. The interior includes a flexible layout, laminate flooring, electric heating and cooling, and an accessible approach with ramp. Public water and public sewer serve the property, which also offers paved parking and available signage opportunities.
The site has street frontage along an established commercial corridor near businesses, residential areas, and major thoroughfares. B-5 zoning is in place, with retail, office, medical, and professional service applications subject to zoning requirements and city approval. The property is offered for sale and is identified as available for immediate occupancy.
The site has street frontage along an established commercial corridor near businesses, residential areas, and major thoroughfares. B-5 zoning is in place, with retail, office, medical, and professional service applications subject to zoning requirements and city approval. The property is offered for sale and is identified as available for immediate occupancy.
Key Highlights
- Approximately 1,253 square feet in a freestanding masonry storefront building
- 0.604‑acre lot with street frontage and paved parking
- B‑5 zoning supports consideration of retail, office, medical, and professional service uses subject to approval
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,904
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$298,080
$298.1K
Cap Rate 7%
$212,914
$212.9K
Cap Rate 9%
$165,600
$165.6K
Market Conditions
NOI Build-Up for 1,253 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$22.6K $18.00/SF
− Vacancy
−$1.3K −$1.01/SF
EGI
$21.3K $16.99/SF
− OpEx
−$6.4K −$5.10/SF
NOI
$14.9K $11.89/SF
Area
Killeen, TX
Vacancy
5.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$298,080
Cap Rate 7%
$212,914
Cap Rate 9%
$165,600
Alternative Uses
Best Use
Retail
$212.9K
$186.3K – $248.4K
NOI $14,904 @ 7.0% cap · market cap 4.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$301.0K
$263.3K – $351.1K
NOI $21,067 @ 7.0% cap · market cap 7.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
324
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76543, TX
30,545
Population
15,300
Households
2
Avg Household Size
30
Median Age
15%
College-Educated
91%
High-School Grad
35.6 sq mi
ZIP Area
858
Density / Sq Mi
$51,239
Median Household Income
$31,712
Median Earnings
$1,099
Median Rent
$140,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Masonry building with public water, public sewer, and accessible ramp entry.
Where is this storefront property located?
The property is located at 3400 E Rancier Avenue Killeen, TX.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Approximately 1,253 square feet in a freestanding masonry storefront building; 0.604‑acre lot with street frontage and paved parking; B‑5 zoning supports consideration of retail, office, medical, and professional service uses subject to approval
