Drive-Through Restaurant
New
For Sale
$499,000
210 W Rancier Ave, Killeen, TX 76541
Restaurant-style improvements, on-site equipment, and a repaved parking area create a foundation for renovation and reuse.
Property Size1,982 SF
Lot Size0.51 Acres
Price / SF$251.77
Days on Market3
Property Features for 210 W Rancier Ave
General Information
Standard status
Active
Size
1,982 SF
Lot size
0.51 Acres
Property subtype
Commercial
Property Condition
Severity
Minor
Evidence
interior requires renovation
Site & Location
Drive-Thru
Yes
Traffic Count
20,500 vehicles/day
Additional Details
Asking Price
$499,000
Building Details
Building Size
1,982 SF
Year Built
1970
Buildings
1
Stories
1
Listing Agency:
Jim Wright Company
(254) 371-9932
Listed By:
Molly Repasch · License #0554928
(254) 371-9932
Source:
Elliman
Added: Aug 11
Changed: Aug 12
Last Checked: Aug 12 at 7:02AM
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 Jim Wright Company
Investment Insights
Based on property information with market context.
This 1,982 SF restaurant property includes a drive-through window and an interior arranged for food-service operations. Existing improvements include a kitchen layout, hood and ventilation components, and refrigeration/freezer equipment. The building dates to 1970, and the interior requires renovation for its next restaurant concept. The approximately 0.51-acre site also includes a parking lot that has been repaved and restriped.
Located at 210 W Rancier Ave in central Killeen, the property sits along a commercial corridor with reported traffic of approximately 19,300 to 20,500 AADT on W Rancier Ave between Ft Hood St and WS Young Dr. Downtown Killeen and the greater Killeen/Fort Hood market are identified as nearby context. The property is also rated Somewhat Walkable with a walkScore of 58 and Somewhat Bikeable with a bikeScore of 45.
Located at 210 W Rancier Ave in central Killeen, the property sits along a commercial corridor with reported traffic of approximately 19,300 to 20,500 AADT on W Rancier Ave between Ft Hood St and WS Young Dr. Downtown Killeen and the greater Killeen/Fort Hood market are identified as nearby context. The property is also rated Somewhat Walkable with a walkScore of 58 and Somewhat Bikeable with a bikeScore of 45.
Key Highlights
- 1,982 SF restaurant building with an existing drive‑through window
- Approximately 0.51 Acre site in central Killeen
- Kitchen layout, hood/ventilation components, and refrigeration/freezer equipment remain on site
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
$28,808
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
5.77%
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%
$576,160
$576.2K
Cap Rate 7%
$411,543
$411.5K
Cap Rate 9%
$320,089
$320.1K
Market Conditions
NOI Build-Up for 1,982 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
$40.4K $20.40/SF
− Vacancy
−$2.0K −$1.02/SF
EGI
$38.4K $19.38/SF
− OpEx
−$9.6K −$4.85/SF
NOI
$28.8K $14.54/SF
Area
Killeen, TX
Vacancy
5.00%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
25.00%
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%
$576,160
Cap Rate 7%
$411,543
Cap Rate 9%
$320,089
Alternative Uses
Best Use
Specialty Retail
$411.5K
$360.1K – $480.1K
NOI $28,808 @ 7.0% cap · market cap 5.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$476.1K
$416.6K – $555.4K
NOI $33,324 @ 7.0% cap · market cap 6.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20,500 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
1,179
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Restaurant-style improvements, on-site equipment, and a repaved parking area create a foundation for renovation and reuse.
Where is this drive through restaurant located?
The property is located at 210 W Rancier Ave Killeen, TX.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 1,982 SF restaurant building with an existing drive‑through window; Approximately 0.51 Acre site in central Killeen; Kitchen layout, hood/ventilation components, and refrigeration/freezer equipment remain on site
