Drive-Through Restaurant
For Sale
$685,000
829 W Rancier Ave, 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 Market85
Property Features for 829 W Rancier Ave
General Information
Standard status
Active
Size
2,363 SF
Property subtype
Commercial
Site & Location
Drive-Thru
Yes
Pylon Signage
Yes
Additional Details
Commercial Hood
Yes
Building Details
Year Built
1986
Listing Agency:
Jim Wright Company
Listed By:
Molly Repasch (254) 526-5117 · License #0554928
(254) 371-9932
Source:
Homeguidecentraltexas
Added: Jul 24
Changed: Oct 1
Last Checked: Oct 16 at 9:17AM
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
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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 / Yr
$34,346
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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 Ave 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
