308 E Avenue D, Copperas Cove, TX 76522
Commercial building used as a restaurant on a large lot.
- Added:
- Apr 6, 2022
- Days on Market:
- 1532
- Last Refresh:
- May 19 at 9:39 pm
Property Features for 308 E Avenue D
General Information
- Standard status
- Active
- Size
- 1,351 SF
- Lot size
- 0.23 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1956
Listing agent Bruce Whiteside License #0671719 (254) 535-9010
Listing office Exp Realty Llc (254) 535-9010
Listing date Apr 6, 2022
Source Exitrealty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Exp Realty Llc
HighLights
- Commercial building currently used as a restaurant.
- Investor opportunity.
- Large lot size.
- Nice location.
- Year built: 1956.
- Building in Copperas Cove.
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.6k | $20.40 |
| − Vacancy | −$1.4k | −$1.02 |
| EGI | $26.2k | $19.38 |
| − OpEx | −$6.5k | −$4.85 |
| NOI | $19.6k | $14.54 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Copperas Cove
- County
- Coryell
- State
- Texas
- Longitude
- -97.8997
- Latitude
- 31.1228
