Drive-Through Restaurant
210 W Rancier Avenue, Killeen, TX 76541
For Sale
$375,000
CommercialSale, Killeen, TX
Property Size1,982 SF
Lot Size0.51 Acres
Price / SF$189.20
Days on Market93
Property Features for 210 W Rancier Avenue
General Information
Property type
Property subtype
Zoning
Parking features
Subdivision
Lot features
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APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
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Building Details
Year built
Floors in Building
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Building materials
Buildings
Listing Agency:
Jim Wright Company
(254) 526-5117
Listed By:
Molly Repasch · License TX #0554928
(254) 371-9932
Added: Aug 10
Changed: Nov 10
Last Checked: Nov 10 at 7:06PM
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.
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Investment Insights
Based on property information with market context.
This 1,982-square-foot restaurant property occupies approximately 0.5131 acres and was built in 1970. The building has an existing drive-thru window and a restaurant-oriented layout with kitchen infrastructure, hood and ventilation components, and refrigeration/freezer equipment. The interior requires renovation. A recently repaved and restriped parking lot serves the site, which has tile flooring, central electric heating and cooling, public water, and public sewer.
The property is located at 210 W Rancier Avenue in Killeen, within an established central commercial corridor. The W Rancier Avenue segment between Ft Hood St and WS Young Dr records approximately 19,300 to 20,500 AADT. The site is also described as convenient to Downtown Killeen and the greater Killeen/Fort Hood market. B-5 zoning supports the property’s commercial setting.
The property is located at 210 W Rancier Avenue in Killeen, within an established central commercial corridor. The W Rancier Avenue segment between Ft Hood St and WS Young Dr records approximately 19,300 to 20,500 AADT. The site is also described as convenient to Downtown Killeen and the greater Killeen/Fort Hood market. B-5 zoning supports the property’s commercial setting.
Key Highlights
- 1,982 SF restaurant building on approximately 0.5131 acres
- Existing drive‑thru window and restaurant‑oriented configuration
- Kitchen hood/ventilation components and refrigeration/freezer equipment on site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,808
Cap Rate
7.68%
Suggested Prices Based on Cap Rates
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
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 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 7.68%
Second Best
Retail
$336.8K
$294.7K – $392.9K
NOI $23,575 @ 7.0% cap · market cap 6.29%
Theoretical Best
Office A
$476.1K
$416.6K – $555.4K
NOI $33,324 @ 7.0% cap · market cap 8.89%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
20,500 VPD
Traffic count
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
1,216
Businesses Nearby
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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
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Restaurant-oriented building with an existing drive-thru, public utilities, 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 $375,000.
What are key features of this property?
This property features: 1,982 SF restaurant building on approximately 0.5131 acres; Existing drive‑thru window and restaurant‑oriented configuration; Kitchen hood/ventilation components and refrigeration/freezer equipment on site
