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    Restaurant Space with Heavy-Duty Carport Title is generated by Realmo AI

    400 E Loop 254, Ranger, TX 76470

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    Claim this Listing
    For Sale
    $65,000

    COMMERCIAL - Ranger, TX

    Lot size:
    0.41 Acres
    Added:
    Mar 5, 2026
    Days on Market:
    89
    Last Refresh:
    Jun 2 at 10:06 pm

    Property Features for 400 E Loop 254

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Open, Carport
    Standard status
    Active
    APN
    0014788
    Lot size
    0.41 Acres

    Taxes and HOA fees

    Tax Description
    PT OF 13-15 BLK 33 OT
    Tax Annual Amount
    628

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Natural Gas
    Cooling system
    Central Air, Electric, Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1980
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Laminate
    Building materials
    Brick, WoodSiding
    Roof type
    Composition, Tar/Gravel

    We can help!

    Listing Contact
    Johnny Wells
    Johnny Wells

    Listing agent Johnny Wells License #0393603

    Listing office RANGER REALTY Ranger, TX

    Listing date Mar 5, 2026

    MLS# 20370864

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • New roof installed May 2024
    • Former restaurant space with large dining area and 2 bathrooms
    • Most restaurant equipment remains, including cooking equipment, dishes, tables, and chairs
    • Central heating (natural gas) and central air, plus electric and window unit(s) cooling
    • Open parking with a large heavy‑duty carport
    • Utilities: public water and public sewer

    Overview

    This commercial space was formerly used as a restaurant and offers a straightforward, functional layout for a variety of businesses. A large dining area is complemented by two bathrooms, and most of the restaurant equipment remains in place, including cooking equipment, dishes, tables, and chairs. The property has been closed for a few years and was used for storage during that time, and a heavy-duty carport provides additional covered utility space. A new roof was installed in May 2024.

    Located at 400 E Loop 254 in Ranger, TX (Eastland County), the property is supported by ample customer parking, which helps accommodate dine-in operations or other walk-in retail and office uses. The combination of an existing restaurant configuration and the parking setup makes it a practical option for an operator looking for a ready-to-deploy footprint.

    For buyers and tenants, the on-site equipment and room layout can reduce the upfront work required to relaunch a food service concept, while the existing improvements also leave room to adapt the space for retail or office use. If you’re planning to start a new business or relocate an existing operation to a location with established features and strong parking, this property is worth a closer look.
    Property Profile Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Pharmacy Auto Parts Store Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Ranger
    County
    Eastland
    State
    Texas
    Longitude
    -98.676644
    Latitude
    32.471955

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    FAQs

    What type of property is this?
    Conventional restaurant - Restaurant-ready space with a new roof, large dining area, and parking—ideal for reopening or converting to a new concept.
    Where is this conventional restaurant located?
    The property is located at 400 E Loop 254 Ranger, TX.
    What is the asking price?
    The asking price for this property is $65,000.
    What are key features of this property?
    This property features: New roof installed May 2024; Former restaurant space with large dining area and 2 bathrooms; Most restaurant equipment remains, including cooking equipment, dishes, tables, and chairs
    (254) 631-1817
    We can help!
    Listing Contact
    Johnny Wells
    Johnny Wells
    Real Estate License ID: 0393603
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    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.

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