Drive-Through Restaurant
New
For Sale
$499,000
210 W Rancier Avenue, Killeen, TX 76541
COMMERCIAL - Killeen, TX
Property Size1,982 SF
Lot Size0.51 Acres
Price / SF$251.77
Days on Market2
Property Features for 210 W Rancier Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B-5
Parking features
Special Needs
Subdivision
Killeen Original
Lot features
City Lot, Half To One Acre Lot
Directions
From the intersection of HWY 195 (Fort Hood Street) and FM 439 (Rancier Ave) head west on FM 429 to College Street. The property is on the southeast corner of FM 439 and College St.
Standard status
Active
APN
34393
Size
1,982 SF
Lot size
0.51 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
KILLEEN ORIGINAL, BLOCK 026, LOT PT 1, (S 148.95' OF 1)
Tax Annual Amount
10299
Legal Description
KILLEEN ORIGINAL, BLOCK 026, LOT PT 1, (S 148.95' OF 1)
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1970
Floors in Building
1
Flooring type
Tile
Building materials
VerticalSiding
Listing Agency:
Jim Wright Company
(254) 526-5117
Listed By:
Molly Repasch · License #0554928
(254) 371-9932
Added: Aug 10
Last Checked: Aug 11 at 8:06PM
MLS# 622169
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 former quick-service restaurant occupies a 1,982-square-foot building on approximately 0.5131 acres. The layout includes an existing drive-through window and restaurant-style kitchen configuration, with hood and ventilation components plus refrigeration and freezer equipment remaining on site. Interior renovation is required. The property was built in 1970 and includes tile flooring, central electric heating, central air conditioning, public water, and public sewer.
Located at 210 W Rancier Avenue in Killeen, the site is zoned B-5 and sits within a central commercial corridor. The parking lot has been recently repaved and restriped. Traffic on W Rancier Ave between Ft Hood St and WS Young Dr is approximately 19,300 to 20,500 AADT, with Downtown Killeen and the broader Killeen/Fort Hood market identified in the surrounding context.
Located at 210 W Rancier Avenue in Killeen, the site is zoned B-5 and sits within a central commercial corridor. The parking lot has been recently repaved and restriped. Traffic on W Rancier Ave between Ft Hood St and WS Young Dr is approximately 19,300 to 20,500 AADT, with Downtown Killeen and the broader Killeen/Fort Hood market identified in the surrounding context.
Key Highlights
- 1,982 SF former quick‑service restaurant building
- Approximately 0.5131 acres with B‑5 zoning
- Existing drive‑through window and restaurant‑style kitchen layout
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
Retail
$336.8K
$294.7K – $392.9K
NOI $23,575 @ 7.0% cap · market cap 4.72%
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
Yes
Commercial hood
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Former restaurant building with drive-through service, commercial kitchen components, and a recently improved parking area.
Where is this drive through restaurant located?
The property is located at 210 W Rancier Avenue 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 former quick‑service restaurant building; Approximately 0.5131 acres with B‑5 zoning; Existing drive‑through window and restaurant‑style kitchen layout
