Drive-Through Restaurant
New
For Sale
$685,000
829 W Rancier Avenue, Killeen, TX 76541
Restaurant property with indoor dining, commercial kitchen ventilation, exterior freezer storage, and a dedicated drive-through.
Property Size2,363 SF
Price / SF$289.89
Days on Market3
Property Features for 829 W Rancier Avenue
General Information
Standard status
Active
Size
2,363 SF
Site & Location
Drive-Thru
Yes
Pylon Signage
Yes
Additional Details
Commercial Hood
Yes
Listing Agency:
Jim Wright Company
(254) 371-9932
Listed By:
Molly Repasch · License #0554928
(254) 371-9932
Source:
Cornerstone-properties
Added: Aug 30
Changed: Aug 31
Last Checked: Aug 31 at 5:18PM
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 Jim Wright Company
Investment Insights
Based on property information with market context.
This 2,363 SF restaurant includes an indoor dining area furnished with booths and tables, along with a commercial vent hood for food-service operations. Additional improvements include an exterior walk-in freezer, storage space, a drive-through lane, and a lighted monument sign.
The property is located at 829 W Rancier Avenue in Killeen, near a Fort Hood gate. Its existing restaurant configuration supports continued food-service use, subject to verification of equipment, measurements, and permitted uses.
The property is located at 829 W Rancier Avenue in Killeen, near a Fort Hood gate. Its existing restaurant configuration supports continued food-service use, subject to verification of equipment, measurements, and permitted uses.
Key Highlights
- 2,363 SF restaurant near a Fort Hood gate
- Indoor dining area with booths and tables
- Commercial vent hood included
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
$34,346
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
5.01%
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%
$686,920
$686.9K
Cap Rate 7%
$490,657
$490.7K
Cap Rate 9%
$381,622
$381.6K
Market Conditions
NOI Build-Up for 2,363 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
$48.2K $20.40/SF
− Vacancy
−$2.4K −$1.02/SF
EGI
$45.8K $19.38/SF
− OpEx
−$11.4K −$4.85/SF
NOI
$34.3K $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%
$686,920
Cap Rate 7%
$490,657
Cap Rate 9%
$381,622
Alternative Uses
Best Use
Specialty Retail
$490.7K
$429.3K – $572.4K
NOI $34,346 @ 7.0% cap · market cap 5.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$567.6K
$496.6K – $662.2K
NOI $39,730 @ 7.0% cap · market cap 5.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
595
Businesses Nearby
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.
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Restaurant property with indoor dining, commercial kitchen ventilation, exterior freezer storage, and a dedicated drive-through.
Where is this drive through restaurant located?
The property is located at 829 W Rancier Avenue Killeen, TX.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: 2,363 SF restaurant near a Fort Hood gate; Indoor dining area with booths and tables; Commercial vent hood included
