Occupied Restaurant
New
For Sale
$475,000
334 E Avenue D, Killeen, TX 76541
Two operating commercial occupants share a versatile space in Downtown Killeen.
Property Size3,450 SF
Days on Market3
Property Features for 334 E Avenue D
General Information
Standard status
Active
Size
3,450 SF
Property subtype
Commercial
Building Details
Building Size
3,450 SF
Stories
1
Listing Agency:
Hustle House Realty
Listed By:
Carlos Pineda · License #0659228
(254) 630-4056
Source:
Elliman
Added: Sep 5
Last Checked: Sep 6 at 6:48AM
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 Hustle House Realty
Investment Insights
Based on property information with market context.
Located at 334 E Avenue D, this approximately 3,450-square-foot commercial property contains two operating businesses: Koba Woo Korean Restaurant and Perfect Results hair salon. The occupied configuration provides a combination of restaurant and salon uses within one building and offers an established commercial setup for a purchaser.
The property is positioned along East Avenue D in Downtown Killeen, within an area that includes restaurants, retail businesses, professional services, and locally owned enterprises. Downtown community events, festivals, live entertainment, and celebrations take place in the surrounding district, while the property has a Walk Score of 53 and a Bike Score of 41.
The property is positioned along East Avenue D in Downtown Killeen, within an area that includes restaurants, retail businesses, professional services, and locally owned enterprises. Downtown community events, festivals, live entertainment, and celebrations take place in the surrounding district, while the property has a Walk Score of 53 and a Bike Score of 41.
Key Highlights
- Approximately 3,450 SF commercial property at 334 E Avenue D
- Occupied by Koba Woo Korean Restaurant and Perfect Results hair salon
- Two operating businesses share the property
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
$41,036
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
8.64%
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%
$820,720
$820.7K
Cap Rate 7%
$586,229
$586.2K
Cap Rate 9%
$455,956
$456.0K
Market Conditions
NOI Build-Up for 3,450 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
$62.1K $18.00/SF
− Vacancy
−$3.5K −$1.01/SF
EGI
$58.6K $16.99/SF
− OpEx
−$17.6K −$5.10/SF
NOI
$41.0K $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%
$820,720
Cap Rate 7%
$586,229
Cap Rate 9%
$455,956
Alternative Uses
Best Use
Specialty Retail
$716.4K
$626.8K – $835.8K
NOI $50,146 @ 7.0% cap · market cap 10.56%
Second Best
Retail
$586.2K
$513.0K – $683.9K
NOI $41,036 @ 7.0% cap · market cap 8.64%
Theoretical Best
Office A
$828.7K
$725.1K – $966.8K
NOI $58,006 @ 7.0% cap · market cap 12.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,583
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76541, TX
19,641
Population
10,207
Households
1.9
Avg Household Size
32
Median Age
12%
College-Educated
83%
High-School Grad
4.9 sq mi
ZIP Area
4,008
Density / Sq Mi
$36,739
Median Household Income
$27,869
Median Earnings
$858
Median Rent
$97,500
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.
Similar Off Market Nearby
- International Buffet Restaurant (IBR) — 605 N Gray St Ste 1, Killeen, TX 76541
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Two operating commercial occupants share a versatile space in Downtown Killeen.
Where is this conventional restaurant located?
The property is located at 334 E Avenue D Killeen, TX.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Approximately 3,450 SF commercial property at 334 E Avenue D; Occupied by Koba Woo Korean Restaurant and Perfect Results hair salon; Two operating businesses share the property
