Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Opportunity in Ranger, Texas Title is generated by Realmo AI

    400 E Loop 254, Ranger, TX 76470

    View on Map
    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 8:06 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

    • Ample parking spaces and a large heavy‑duty carport.
    • New roof installed in May 2024.
    • Existing restaurant equipment (cooking equipment, dishes, tables, chairs) included.
    • Large dining area and two bathrooms.
    • Suitable for various business types: restaurant, retail, or office space.
    • Brick construction.

    Overview

    This commercial property presents a fantastic opportunity in Ranger, Texas. The building, previously used as a restaurant, could accommodate various business types, including retail or office space. While the business has been closed for several years and used for storage, much of the restaurant equipment remains, such as cooking equipment, dishes, tables, and chairs. The property includes a large dining area and two bathrooms. A new roof was installed in May 2024. It also features a large heavy-duty carport and ample parking spaces for customers. The lot size is 0.409 acres.
    Location Intelligence

    Current Use by Public Records

    Retail space

    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

    Nearby Similar for Sale

    • $250,000

      Historical Theater with Business Potential

      Historical theater in Ranger, TX, with residential quarters and bar.
      114 S Austin, Ranger, TX 76470
      View Details
    • $320,000
      2,400 SF

      Commercial Property Near Interstate 20

      One-acre commercial property with office and warehouse space near I-20.
      1500 W Loop 254, Ranger, TX 76470
      View Details
    • $129,900

      Ranger, TX Warehouse with Parking

      Charming 1920s warehouse with adjacent parking lot for sale.
      115 N Commerce Street, Ranger, TX 76470
      View Details
    • $750,000

      22 Acres in Growing Area

      22 acres with livestock barn, office, and living area.
      605 E Loop 254, Ranger, TX 76470
      View Details
    • $174,900

      Freestanding Office Building

      Freestanding office building on a half-acre lot with space to support starting or expanding operations.
      211 Austin Street, Ranger, TX 76470
      View Details
    • $89,900

      Office Building in Ranger, TX

      Office building suitable for CPA or groomer in Ranger, TX.
      113 S Rusk Street, Ranger, TX 76470
      View Details
    • $320,000
      2,400 SF

      Commercial Property Near Interstate 20

      One-acre commercial property with office and warehouse space near I-20.
      1500 W Loop 254, Ranger, TX 76470
      View Details
    • $139,900

      Charming 1920s Building with Lot

      Character-filled 1920s building with adjacent lot and ample parking.
      115 N Commerce Street, Ranger, TX 76470
      View Details
    • $89,900

      Commercial Building in Ranger, Texas

      Commercial building suitable for office or retail use.
      113 S Rusk Street, Ranger, TX 76470
      View Details
    • $65,000

      Commercial Building with Restaurant Potential

      Commercial building suitable for restaurant, retail, or office use.
      400 E Loop 254, Ranger, TX 76470
      View Details
    • $250,000
      7,500 SF

      Historical Theater with Residential Quarters

      Unique property with theater, bar, and residential space.
      114 S Austin, Ranger, TX 76470
      View Details

    FAQs

    What type of property is this?
    Restaurant - Commercial location suitable for restaurants, retail, or office space.
    Where is this 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: Ample parking spaces and a large heavy‑duty carport.; New roof installed in May 2024.; Existing restaurant equipment (cooking equipment, dishes, tables, chairs) included.
    (254) 631-1817
    We can help!
    Listing Contact
    Johnny Wells
    Johnny Wells
    Real Estate License ID: 0393603
    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
    400 E Loop 254, Ranger, TX 76470
    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!