Renovated Commercial Property with
For Sale
$460,000
3412 E RANCIER KILLEEN TX 76543, Killeen, TX 76543
Versatile commercial property featuring offices, warehouse, retail, and outdoor space.
Property Size3,750 SF
Price / SF$122.67
Days on Market215
Property Features for 3412 E RANCIER KILLEEN TX 76543
General Information
Standard status
Active
Size
3,750 SF
Property subtype
Commercial
Building Details
Year Built
1976
Stories
1
Listing Agency:
Sweetwaters Realty Llc
(254) 238-1694
Listed By:
Jennifer Rowe
(254) 238-1694
Source:
Kwsanantonio
Added: Jan 23
Changed: Aug 23
Last Checked: Aug 26 at 5:28AM
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 Sweetwaters Realty Llc
Investment Insights
Based on property information with market context.
This renovated commercial property offers a combination of modern amenities and functional spaces suitable for various business activities. It features two offices designed for productivity and collaboration, equipped with modern fixtures and ample electrical outlets. The property includes two bathrooms with contemporary plumbing and stylish finishes. An expansive warehouse area provides generous space for storage, inventory management, or production, with a flexible layout for customization. The attractive retail area is designed to showcase products or services effectively, featuring a modern layout and visibility. The property also includes an outdoor grass area and a new shed for additional storage. The property is located in a commercial district, benefiting from visibility and accessibility. The bike score is 45, indicating it is somewhat bikeable, and the walk score is 51, indicating it is somewhat walkable.
Key Highlights
- Freshly renovated commercial property in a prime, high‑visibility location.
- Expansive warehouse area offering generous and customizable space.
- Attractive retail area designed for showcasing products.
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
$26,966
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
5.86%
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%
$539,320
$539.3K
Cap Rate 7%
$385,229
$385.2K
Cap Rate 9%
$299,622
$299.6K
Market Conditions
NOI Build-Up for 3,750 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
$33.8K $9.00/SF
− Vacancy
−$2.0K −$0.54/SF
EGI
$31.7K $8.46/SF
− OpEx
−$4.8K −$1.27/SF
NOI
$27.0K $7.19/SF
Area
Killeen, TX
Vacancy
6.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
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%
$539,320
Cap Rate 7%
$385,229
Cap Rate 9%
$299,622
Alternative Uses
Best Use
Office B
$708.2K
$619.7K – $826.2K
NOI $49,572 @ 7.0% cap · market cap 10.78%
Second Best
Retail
$637.2K
$557.6K – $743.4K
NOI $44,604 @ 7.0% cap · market cap 9.70%
Theoretical Best
Office A
$900.7K
$788.1K – $1.05M
NOI $63,050 @ 7.0% cap · market cap 13.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
122
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 76543, TX
30,545
Population
15,300
Households
2
Avg Household Size
30
Median Age
15%
College-Educated
91%
High-School Grad
35.6 sq mi
ZIP Area
858
Density / Sq Mi
$51,239
Median Household Income
$31,712
Median Earnings
$1,099
Median Rent
$140,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Versatile commercial property featuring offices, warehouse, retail, and outdoor space.
Where is this warehouse located?
The property is located at 3412 E RANCIER KILLEEN TX 76543 Killeen, TX.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: Freshly renovated commercial property in a prime, high‑visibility location.; Expansive warehouse area offering generous and customizable space.; Attractive retail area designed for showcasing products.
