Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Restaurant Building in Copperas Cove Title is generated by Realmo AI

    308 E Avenue D, Copperas Cove, TX 76522

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $335,000

    Commercial building used as a restaurant on a large lot.

    Type:Commercial/Industrial
    Property size:
    1,351 SF
    Lot size:
    0.23 Acres
    Price / SF:
    $247/SF
    Added:
    Mar 12, 2026
    Days on Market:
    67
    Last Refresh:
    Apr 5 at 8:45 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

    We can help!

    Listing Contact
    Bruce Whiteside

    Listing agent Bruce Whiteside License #0671719

    Listing office Exp Realty Llc

    Listing date Mar 12, 2026

    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

    This commercial building, currently used as a restaurant, is available for sale in Copperas Cove. The property is situated on a large lot and is positioned in a favorable location. The building has a size of 1351 square feet. Showings require a 24-hour notice.

    Financial Insights

    Value Estimation Calculated for Specialty Retail

    Conservative
    $218.2K
    NOI $19,637 @ 9.00% cap · cautious / downside scenario
    Moderate
    $280.5K
    NOI $19,637 @ 7.00% cap · market / base-case scenario
    Aggressive
    $392.7K
    NOI $19,637 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Specialty Retail

    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
    1,351 SF · lease $20.40/SF/yr · vacancy 5.00% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Specialty Retail
    $280.5K
    $245.5K – $327.3K (±1% cap)
    NOI $19,637 @ 7.0% cap · market cap 5.86%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $324.5K
    $283.9K – $378.6K (±1% cap)
    NOI $22,715 @ 7.0% cap · market cap 6.78%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Toa's Ohana Hawaiian ... Restaurant

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Copperas Cove
    County
    Coryell
    State
    Texas
    Longitude
    -97.8997
    Latitude
    31.1228

    Nearby Similar for Sale

    • $398,999
      2,584 SF

      Copperas Cove Office For Sale

      2584 SF office property in Copperas Cove, Texas.
      1016 Cline Drive, Copperas Cove, TX 76522
      View Details
    • $575,000
      6,540 SF

      Commercial Investment Property in Copperas Cove

      Partially rented commercial complex on the main thoroughfare.
      2210 E Business 190, Copperas Cove, TX 76522
      View Details
    • $396,000
      4,042 SF

      Spacious Fourplex in Copperas Cove

      Fourplex with large units, laundry rooms, and private porches.
      105 W Truman Avenue, Copperas Cove, TX 76522
      View Details
    • $325,000
      2,526 SF

      Well-Maintained Duplex in Copperas Cove

      Duplex in Copperas Cove perfect for owner-occupant or multi-generational living.
      454 Summers, Copperas Cove, TX 76522
      View Details
    • $148,900
      4,992 SF

      Historic Mixed-Use Building in Copperas Cove

      Two-story, 4,900+ sq ft building with adaptive-reuse potential.
      217 S Main Street, Copperas Cove, TX 76522
      View Details
    • $350,850
      3,580 SF

      Well-Maintained Fourplex on Corner Lot

      Fourplex with long-term tenant, functional layout, and outdoor space.
      301 W Avenue D, Copperas Cove, TX 76522
      View Details
    • $364,900
      2,220 SF

      Well-Maintained Duplex in Copperas Cove

      Income-producing duplex with 6 bedrooms, near shopping and dining.
      1328 Liberation Lane, Copperas Cove, TX 76522
      View Details
    • $399,000
      2,400 SF

      Copperas Cove Fourplex Investment Opportunity

      Four-unit multifamily property near Fort Cavazos, ideal for investors.
      905-911 S 17th Street, Copperas Cove, TX 76522
      View Details
    • $300,000
      2,570 SF

      Spacious Duplex in Copperas Cove

      Two-story duplex near Fort Hood with strong rental appeal.
      3111 Yaupon Road, Copperas Cove, TX 76522
      View Details
    • $399,999
      2,500 SF

      Copperas Cove Retail/Automotive Property

      Retail or automotive property in Copperas Cove, Texas for sale.
      983 Cline Drive, Copperas Cove, TX 76522
      View Details
    • $399,999
      2,500 SF

      Contemporary Duplex in Copperas Cove

      Stylish duplex near schools and Ft Hood, ideal for families.
      977 Cline Drive, Copperas Cove, TX 76522
      View Details
    • $364,900
      2,220 SF

      Copperas Cove Duplex Investment

      Six-bedroom, four-bathroom duplex near schools, shopping, and dining.
      1324 Liberation Lane, Copperas Cove, TX 76522
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Commercial building used as a restaurant on a large lot.
    Where is this conventional restaurant located?
    The property is located at 308 E Avenue D Copperas Cove, TX.
    What is the asking price?
    The asking price for this property is $335,000.
    What are key features of this property?
    This property features: Commercial building currently used as a restaurant.; Investor opportunity.; Large lot size.
    (888) 519-7431
    We can help!
    Listing Contact
    Bruce Whiteside
    Real Estate License ID: 0671719
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    308 E Avenue D, Copperas Cove, TX 76522
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!