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    4504 Rancier Ave Killeen, TX 76543

    Sponsored
    For Sale
    $395,000

    Profitable Car Wash, Redevelopment Potential

    Property size:
    2,640 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional investment opportunity presents a thriving, self-service car wash located at 4504 E Rancier Ave, Killeen, TX 76543. The property boasts a 2,640 square foot building on a 1.267-acre lot, zoned B-3, offering significant redevelopment potential. Built in 1997, the single-story structure features a 16-foot ceiling height. Currently generating a NOI of $13,640 with a 3.45% cap rate, the pro-forma NOI is projected at $35,000, reflecting an 8.86% cap rate. The asking price is $395,000, translating to $149.62 per square foot. The land itself holds substantial value, estimated at $2-$3 per square foot. This high-cash-flow business benefits from its strategic location, with the nearest competitor a significant 4.3 miles away and surrounded by complementary businesses including Dollar General, EastLake Shopping Center, retirement communities, and apartment complexes. The property's high daily vehicle count (13,631 VPD in 2020) underscores its strong market position. The property includes APN numbers 168424 and 168425. This is a cash sale only

    Property Features for 4504 Rancier Ave

    General Information

    Property type
    Automotive properties
    Square Feet
    2,640 SF
    Lot Size
    55,191 SF

    Building Details

    Year Built
    1997
    Buildings
    1
    Stories
    1

    HighLights

    • High‑cash‑flow business.
    • Strong average daily traffic count of 13,631 vehicles (2020 data).
    • Minimal carwash competition within a 4.3‑mile radius.
    • Excellent redevelopment or continued operation opportunity.
    • Strategic location near Dollar General, EastLake Shopping Center, retirement communities, and apartment complexes.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Killeen
    County
    Bell
    State
    Texas
    Longitude
    -97.6808186
    Latitude
    31.1157646

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    FAQs

    What type of property is this?
    Automotive property - Profitable Car Wash, Redevelopment Potential
    Where is this automotive property located?
    The property is located at 4504 Rancier Ave Killeen, TX.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: High-cash-flow business.; Strong average daily traffic count of 13,631 vehicles (2020 data).; Minimal carwash competition within a 4.3-mile radius.
    Request Owner's contact information
    4504 Rancier Ave Killeen, TX 76543
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    Killeen, TX 76543
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    Realmo Value Estimation

    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.

    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.

    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
    4504 Rancier Ave Killeen, TX 76543
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