Self-Service Car Wash
For Sale
$390,000
4502 E Rancier Avenue, Killeen, TX 76543
CommercialSale, Killeen, TX
Property Size2,640 SF
Lot Size1.27 Acres
Price / SF$147.73
Days on Market1093
Property Features for 4502 E Rancier Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B-3
Parking features
Carport
Subdivision
Vinson Estates
Lot features
One To Three Acres, City Lot
Elementary school district
Killeen ISD
Middle school district
Killeen ISD
High school district
Killeen ISD
Directions
From Temple Texas, Merge onto I-35 S. Keep right at the fork to continue on I-14/US-190 W, follow signs for Killeen/Ft Cavazos. Take exit 292 toward TX-439 Spur/Nolanville. Merge onto N Central Texas Expy. Continue straight to stay on N Central Texas Expy. Turn right onto Pleasant Hill Rd. Turn left onto FM439 W. Destination will be on the left.
Standard status
Active
APN
168425,168424
Size
2,640 SF
Lot size
1.27 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
VINSON ESTATES, BLOCK 1, LOT 1-2
Tax Annual Amount
6745
Legal Description
VINSON ESTATES, BLOCK 1, LOT 1-2
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1997
Floors in Building
1
Flooring type
Concrete
Building materials
Brick
Listing Agency:
Pete & Larry
(254) 718-8604
Listed By:
Rose Durham · License #0679442
(254) 721-4872
Added: Sep 5, 2023
Changed: Aug 31
Last Checked: Sep 1 at 12:06PM
MLS# 520190
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 self-service car wash property occupies 1.267 acres and includes a 2,640-square-foot improvement built in 1997. The building features brick construction, concrete flooring, and a carport. The existing use is a self-service car wash, with redevelopment also identified as an option.
Located at 4502 E Rancier Avenue in Killeen, the property is associated with reported traffic of 13,631 VPD (20). Surrounding commercial and residential context includes Dollar General, EastLake Shopping Center, retirement communities, and apartment properties. The site has B-3 zoning, public water, and public sewer.
Located at 4502 E Rancier Avenue in Killeen, the property is associated with reported traffic of 13,631 VPD (20). Surrounding commercial and residential context includes Dollar General, EastLake Shopping Center, retirement communities, and apartment properties. The site has B-3 zoning, public water, and public sewer.
Key Highlights
- 1.267‑acre self‑service car wash property in Killeen
- 2,640‑square‑foot building constructed in 1997
- B‑3 zoning with public water and public sewer
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
$31,401
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
8.05%
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%
$628,020
$628.0K
Cap Rate 7%
$448,586
$448.6K
Cap Rate 9%
$348,900
$348.9K
Market Conditions
NOI Build-Up for 2,640 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
$47.5K $18.00/SF
− Vacancy
−$2.7K −$1.01/SF
EGI
$44.9K $16.99/SF
− OpEx
−$13.5K −$5.10/SF
NOI
$31.4K $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%
$628,020
Cap Rate 7%
$448,586
Cap Rate 9%
$348,900
Alternative Uses
Best Use
Specialty Retail
$548.2K
$479.7K – $639.5K
NOI $38,372 @ 7.0% cap · market cap 9.84%
Second Best
Retail
$448.6K
$392.5K – $523.4K
NOI $31,401 @ 7.0% cap · market cap 8.05%
Theoretical Best
Office A
$634.1K
$554.8K – $739.8K
NOI $44,387 @ 7.0% cap · market cap 11.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
13,631 VPD
Traffic count
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
179
Businesses Nearby
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?
Self service car wash - B-3 zoning with public water and sewer serves this established commercial property.
Where is this self service car wash located?
The property is located at 4502 E Rancier Avenue Killeen, TX.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: 1.267‑acre self‑service car wash property in Killeen; 2,640‑square‑foot building constructed in 1997; B‑3 zoning with public water and public sewer
