Masonry Restaurant
For Sale
$350,000
711 W Rancier Avenue, Killeen, TX 76541
CommercialSale, Killeen, TX
Property Size1,750 SF
Lot Size0.60 Acres
Price / SF$200
Days on Market47
Property Features for 711 W Rancier Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
City Lot, Half To One Acre Lot
Directions
Head N on Fort Hood Street, turn right onto Rancier Dr/Tank Destroyer Blvd. Continue to follow Rancier Drive and the destination will be on the left after 0.7 miles.
Standard status
Active
APN
104479
Size
1,750 SF
Lot size
0.60 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
A0797BC J R SMITH, 760-26-1, (150' X 175'), ACRES .603
Tax Annual Amount
5984
Legal Description
A0797BC J R SMITH, 760-26-1, (150' X 175'), ACRES .603
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Electric
Water source
Public
Building Details
Year built
1965
Floors in Building
1
Flooring type
Concrete
Building materials
Masonry
Listing Agency:
Jim Wright Company
(254) 526-5117
Listed By:
Jim Wright · License #0181945
(254) 289-3145
Added: Jul 17
Changed: Aug 20
Last Checked: Sep 1 at 8:06AM
MLS# 618077
Copyright © 2026 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This leased restaurant property includes a 1,750-square-foot building on 0.603 acres. Constructed in 1965, the improvements feature masonry construction and concrete flooring, with electric heating and cooling serving the building.
The property is located at 711 W Rancier Avenue in Killeen, Texas, within Bell County. Public water and public sewer are available at the site, providing established utility service for the existing restaurant use.
The property is located at 711 W Rancier Avenue in Killeen, Texas, within Bell County. Public water and public sewer are available at the site, providing established utility service for the existing restaurant use.
Key Highlights
- 1,750‑square‑foot restaurant building on 0.603 acres
- Leased property with existing restaurant use
- Masonry construction completed in 1965
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
$25,436
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
7.27%
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%
$508,720
$508.7K
Cap Rate 7%
$363,371
$363.4K
Cap Rate 9%
$282,622
$282.6K
Market Conditions
NOI Build-Up for 1,750 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
$35.7K $20.40/SF
− Vacancy
−$1.8K −$1.02/SF
EGI
$33.9K $19.38/SF
− OpEx
−$8.5K −$4.85/SF
NOI
$25.4K $14.54/SF
Area
Killeen, TX
Vacancy
5.00%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
25.00%
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%
$508,720
Cap Rate 7%
$363,371
Cap Rate 9%
$282,622
Alternative Uses
Best Use
Specialty Retail
$363.4K
$318.0K – $423.9K
NOI $25,436 @ 7.0% cap · market cap 7.27%
Second Best
Retail
$297.4K
$260.2K – $346.9K
NOI $20,815 @ 7.0% cap · market cap 5.95%
Theoretical Best
Office A
$420.3K
$367.8K – $490.4K
NOI $29,424 @ 7.0% cap · market cap 8.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,179
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76541, TX
19,641
Population
10,207
Households
1.9
Avg Household Size
32
Median Age
12%
College-Educated
83%
High-School Grad
4.9 sq mi
ZIP Area
4,008
Density / Sq Mi
$36,739
Median Household Income
$27,869
Median Earnings
$858
Median Rent
$97,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- International Buffet Restaurant (IBR) — 605 N Gray St Ste 1, Killeen, TX 76541
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Leased restaurant property with masonry construction, concrete flooring, and public water and sewer service.
Where is this conventional restaurant located?
The property is located at 711 W Rancier Avenue Killeen, TX.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1,750‑square‑foot restaurant building on 0.603 acres; Leased property with existing restaurant use; Masonry construction completed in 1965
