Current Use by Public Records
- Specialty properties
Property Details for 4504 Rancier Ave
- Year built
- 1997
- Lot size
- 1.27 lot acres
- Property type
- Specialty properties
- Property subtype
- Car washes
Description
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
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Killeen
- County
- Bell
- State
- Texas
- Longitude
- -97.6808
- Latitude
- 31.1158
