Established Car Wash Redevelopment
For Sale
Contact for pricing
4504 E Rancier Ave, Killeen, TX 76543
Busy self-serve car wash with redevelopment potential.
Property Size2,640 SF
Price / SF$140.15
Days on Market1143
Property Features for 4504 E Rancier Ave
General Information
Standard status
Active
Size
2,640 SF
Class
B
Property subtype
Special Purpose, Note/Loan, Business for Sale
Zoning
B-3
Investment Type
Value Add
Building Details
Year Built
1997
Year Renovated
2012
Buildings
2
Stories
1
Units
2
Listing Agency:
Pete & Larry LLC
Listed By:
Rose Durham · License #TX 679442
(254) 721-4872
Source:
Crexi
Added: Sep 6, 2023
Changed: Oct 5
Last Checked: Oct 20 at 7:53PM
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 Pete & Larry LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property features a self-service car wash with redevelopment potential, zoned B-3, suitable for various uses including oil change facilities, convenience stores, gas stations, retail spaces, restaurants, and day care centers. The property benefits from high visibility with an exceptional surveillance system and alarm system. The location experiences a traffic volume of 13,511 vehicles per day as of 2023. The property is surrounded by retail establishments such as Dollar General and the EastLake Shopping Center, as well as retirement communities and apartments. The car wash is situated in a location where the nearest competitor is 4.3 miles away. The property size is 2,640 square feet.
Key Highlights
- High‑traffic location with 13,511 vehicles per day (VPD) in 2023.
- Zoned B‑3, allowing for redevelopment into various businesses (oil change, convenience store, gas station, retail, restaurants, day care).
- Established car wash business with no nearby competition (closest car wash is 4.3 miles away).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,401
Cap Rate
8.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$628,020
$628.0K
Cap Rate 7%
$448,586
$448.6K
Cap Rate 9%
$348,900
$348.9K
Market Conditions
NOI Build-Up for 2,640 SF
Gross rent
$47.5K $18.00/SF
− Vacancy
−$2.7K −$1.01/SF
EGI
$44.9K $16.99/SF
− OpEx
−$13.5K −$5.10/SF
NOI
$31.4K $11.89/SF
Area
Killeen, TX
Vacancy
5.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$628,020
Cap Rate 7%
$448,586
Cap Rate 9%
$348,900
Alternative Uses
Best Use
Specialty Retail
$548.2K
$479.7K – $639.5K
NOI $38,372 @ 7.0% cap · market cap 10.37%
Second Best
Retail
$448.6K
$392.5K – $523.4K
NOI $31,401 @ 7.0% cap · market cap 8.49%
Theoretical Best
Office A
$634.1K
$554.8K – $739.8K
NOI $44,387 @ 7.0% cap · market cap 12.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
179
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Self service car wash - Busy self-serve car wash with redevelopment potential.
Where is this self service car wash located?
The property is located at 4504 E Rancier Ave Killeen, TX.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: High‑traffic location with 13,511 vehicles per day (VPD) in 2023.; Zoned B‑3, allowing for redevelopment into various businesses (oil change, convenience store, gas station, retail, restaurants, day care).; Established car wash business with **no nearby competition** (closest car wash is 4.3 miles away).
