Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    208 W Rancier Ave Killeen, TX 76541

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $0.65 SF/Yr

    Retail space available for rent in Killeen revitalization area.

    Property size:
    4,000 SF
    Lot size:
    0.18 Acres

    Property Features for 208 W Rancier Ave

    General Information

    Size
    4,000 SF
    Lot size
    0.18 Acres

    We can help!

    Listing Contact
    Jim Wright
    Jim Wright
    Source: Moodyscre

    Listing Agent: Jim Wright

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Retail Space in Revitalization Area

    This retail space, located in the Killeen revitalization area, offers approximately 4000 square feet of space. The property features two bathrooms and one interior room that can be removed if needed. It includes a grease trap with an unknown condition. The total monthly rent is $3040.00, encompassing rent and NNN fees. The property is suitable for retail purposes.
    Location Intelligence

    Current Use by Public Records

    Axed Out Texas Recreation Center

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Killeen
    County
    Bell
    State
    Texas
    Longitude
    -97.7301447
    Latitude
    31.1266631

    Nearby Similar for Lease

    • $1,986 /Mo
      260,924 SF

      Killeen Commercial Property For Rent

      High-visibility industrial space suitable for manufacturing, warehousing, or distribution.
      5401 E Veterans Memorial Blvd, Killeen, TX 76543
      View Details
    • $1,500 /Mo
      4,792 SF

      Killeen Commercial Office Space

      Commercial property suitable for office, daycare, or home health business.
      1001 Jackson St, Killeen, TX 76541
      View Details
    • $5,610 /Mo
      3,400 SF

      Killeen Commercial Space Available

      Commercial space with multiple exam rooms and ADA bathrooms for rent.
      3106 W S Young Dr, Killeen, TX 76542
      View Details
    • $3,925 /Mo
      23,344 SF

      Killeen Commercial Space Available

      Commercial space for rent, formerly a dental clinic.
      4304 E Central Texas Expy, Killeen, TX 76543
      View Details
    • $3,044 /Mo
      65,340 SF

      Restaurant Suite with Drive-Through

      1,230 sqft restaurant suite with drive-through available for lease.
      3700 W S Young Dr, Killeen, TX 76542
      View Details
    • $111,111,111
      49,005 SF

      Killeen Commercial Property For Rent

      Updated commercial property with multiple buildings available for rent.
      2200 Trimmier Clifton Park School Rd, Killeen, TX 76541
      View Details
    • $2,200 /Mo
      2,410 SF

      Killeen Commercial Space For Rent

      Commercial property with large open area, suitable for church.
      720 N 10Th St, Killeen, TX 76541
      View Details
    • $800 /Mo
      871 SF

      Vacant Land in Killeen, TX

      Vacant land near parks, stores, and shopping in Killeen.
      5710-C Greengate Dr, Killeen, TX 76543
      View Details
    • $16 SF/Yr
      7,170 SF

      Remodeled Killeen Commercial Property

      Fully equipped commercial property ready for immediate occupancy.
      1002 Medical Dr, Killeen, TX 76543
      View Details
    • $6,748 /Mo
      16,892 SF

      Killeen Medical Office Suite

      Medical office suite available for rent in Killeen, Texas.
      3800 W S Young Dr, Killeen, TX 76542
      View Details
    • $3,500 /Mo
      5,750 SF

      Spacious Retail and Storage Building

      5,750 sq ft building with retail and storage space.
      1520 S Fort Hood St, Killeen, TX 76542
      View Details
    • $2,000 /Mo
      1,000 SF

      Killeen Office Space Available Now

      1,000+/- sq ft office suite on Stan Schlueter Loop.
      2100 E Stan Schlueter Loop, Killeen, TX 76542
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space available for rent in Killeen revitalization area.
    Where is this retail space located?
    The property is located at 208 W Rancier Ave Killeen, TX.
    What is the lease rate?
    The lease rate is $0.65 SF/Yr.
    What are key features of this property?
    This property features: - Located in the Killeen revitalization area.; - Total monthly rent is $3040.00 (rent + NNN).; - Has a grease trap.
    (254) 289-3145
    Request Owner's contact information
    208 W Rancier Ave Killeen, TX 76541
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    208 W Rancier Ave
    Killeen, TX 76541
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    208 W Rancier Ave Killeen, TX 76541
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jim Wright
    Jim Wright
    Real Estate License ID: 0181945
    (254) 289-3145
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.