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    Erik Paul Johnson, Abilene, TX

    License ID: 415535
    Paul Johnson
    Association
    Abilene Association Of Realtors Inc

    Contact details

    Phone:
    (325) 439-0186
    Office Address:
    4633 S 14th St, Abilene, TX, 79605

    Performance

    Listings
    40

    Listings

    For Sale (22)

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    • Contact for pricing
      22,121 SF

      17.5 Acres Industrial Land Offering

      17.5-acre industrial property with improvements in Snyder, Texas.
      506 Crk 137, Snyder, TX
      View Details
    • $632,640
      10,544 SF

      Leggett Office Complex For Sale

      Income-producing office property with diversified tenants and value-add opportunity.
      115 S Leggett Dr, Abilene, TX 79605
      View Details
    • $1,950,450
      21,218 SF

      Sweetwater Industrial Property with Cranes

      Industrial property featuring cranes and grade-level doors in Sweetwater.
      110 Crk 141, Sweetwater, TX
      View Details
    • Contact for pricing
      22,117 SF

      Chemical Manufacturing Plant with Tanks

      Manufacturing plant on 17.5 acres with tanks and utilities.
      506 County Road 137, Snyder, TX 79549
      View Details
    • $902,550
      16,410 SF

      Leggett Office Complex Investment Opportunity

      Mixed-use office/retail building with value-add potential in a prime location.
      260-270 S Leggett Dr, Abilene, TX 79605
      View Details
    • $358,545
      6,519 SF

      Leggett Office Complex Investment Opportunity

      6,519 SF office/retail building in Abilene, Texas for sale.
      202-226 S Leggett Dr, Abilene, TX 79605
      View Details
    • $325,000
      3,500 SF

      Turn Key Restaurant in Baird

      Turn-key restaurant opportunity in downtown Baird, Texas.
      210 Market St, Baird, TX 79504
      View Details
    • $1,409,500

      Prime Retail Development Opportunity

      2.3 acres for retail development in a growing area.
      53 Hoylake Dr, Abilene, TX 79606
      View Details
    • $279,000
      1,088 SF

      Ballinger Office Building For Sale

      Office building for sale on State Hwy 67 in Ballinger.
      1707 Hutchings Ave, Ballinger, TX
      View Details
    • $205,000

      Turnkey Restaurant with Pickup Window

      Ready-to-operate restaurant with dining area and pickup window.
      735 Avenue NW, Hamlin, TX 79520
      View Details
    • $1,077,000
      5,828 SF

      Lubbock Industrial Investment Opportunity

      Newly built, fully occupied industrial building with long-term lease.
      1627 County Road 7340, Lubbock, TX 79423
      View Details
    • $1,409,500

      Prime Retail Development Opportunity

      2.3 acres for retail development in a growing area.
      Antilley Rd, Abilene, TX 79606
      View Details
    • $210,395

      Commercial Land near Highway 80

      1.32 acres of commercially zoned land with easy access.
      401 Goliad Dr, Abilene, TX 79601
      View Details
    • $349,650
      3,200 SF

      Office and Warehouse Facility

      3,200 sq ft office/warehouse on 5.56 acres.
      1408 W Interstate 20, Cisco, TX 76437
      View Details
    • Contact for pricing

      Commercial Land in High-Traffic Location

      General Commercial land suitable for retail or restaurant development.
      5233 Texas Ave, Abilene, TX 79605
      View Details
    • Contact for pricing
      2,467 SF

      Modern Industrial Building in Hermleigh

      2,467 SF industrial building with warehouse space and convenient access.
      937 Harlan Ave, Hermleigh, TX 79526
      View Details
    • $679,000

      Prime Commercial Land Available

      1.55 acre pre-engineered site in retail growth area.
      2678 E Lake Rd, Abilene, TX 79601
      View Details
    • $800,650

      Land with High Visibility

      Prime land with excellent visibility and heavy traffic.
      3849 Cedar Run Rd, Abilene, TX 79606
      View Details
    • $358,545
      6,519 SF

      Leggett Office Complex Investment

      6,519 SF office/retail building, 100% leased, value-add opportunity.
      226 S Leggett Dr, Abilene, TX 79605
      View Details
    • Contact for pricing

      South Abilene Land For Sale

      Land with highway frontage in south Abilene, Texas.
      4649 S Danville Dr, Abilene, TX 79602
      View Details
    • $395,000
      3,650 SF

      Industrial Yard with Storage Building

      Improved industrial yard with storage building for sale.
      3535 Pine St, Abilene, TX 79601
      View Details
    • Contact for pricing

      Interstate Frontage Land For Sale

      Large tract with usable surface and interstate frontage.
      433 E Stamford St, Merkel, TX
      View Details

    For Lease (18)

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    • Contact for pricing

      Office Space Available For Rent

      Office space available for rent at 6450 Central Park Blvd.
      6450 Central Park Blvd, Abilene, TX 79606
      View Details
    • Contact for pricing

      Sweetwater Retail/Automotive Property Available

      Retail/automotive property for rent in Sweetwater, Texas.
      1104 E Broadway Ave, Sweetwater, TX 79556
      View Details
    • Contact for pricing

      Office Space Available for Rent

      Office space for rent at 3350 N 10th St, Abilene.
      3350 N 10Th St, Abilene, TX 79603
      View Details
    • Contact for pricing

      Office Space for Rent

      Office space available for rent at 226 S 7th St.
      226 S 7Th St, Abilene, TX 79602
      View Details
    • Contact for pricing

      Office Space for Rent

      Office space available for rent in Abilene, Texas.
      4118 Vine St, Abilene, TX 79602
      View Details
    • Contact for pricing

      Abilene Commercial Property For Rent

      Commercial property available for rent in Abilene, Texas.
      240 S Mockingbird Ln, Abilene, TX 79605
      View Details
    • Contact for pricing

      Abilene Commercial Property For Rent

      Commercial property available for rent in Abilene, Texas.
      309 Hickory St, Abilene, TX 79601
      View Details
    • Contact for pricing

      Office Space Available For Rent

      Office space available for rent at 5250 HWY 277 S.
      5250 Hwy 277 S, Abilene, TX 79605
      View Details
    • Contact for pricing

      Office Space for Rent

      Office space available for lease in Buffalo Gap, Texas.
      714 Main St, Buffalo Gap, TX 79508
      View Details
    • Contact for pricing

      5201 Texas Avenue, Abilene, TX 79605

      Parking lots & garages
      5201 Texas Ave, Abilene, TX 79605
      View Details
    • Contact for pricing

      Hawley Commercial Property For Rent

      Commercial property available for rent in Hawley, Texas.
      735 Avenue E, Hawley, TX 79525
      View Details
    • $6 SF/Yr
      10,000 SF

      Available Warehouse Space For Rent

      10,000+ SF warehouse space with dock doors available for rent.
      226 South 7Th St, Abilene, TX 79602
      View Details
    • $12 SF/Yr
      1,200 SF

      Office Space with Conference Room

      Office space featuring a conference room and multiple private offices.
      598 Westwood Dr, Abilene, TX 79603
      View Details
    • $1,000 /Mo
      3,000 SF

      Warehouse Space with Office

      Office with warehouse space featuring grade-level doors.
      1650 Vision Dr, Abilene, TX 79602
      View Details
    • $5,250 /Mo
      5,250 SF

      Clear Span Warehouse with Sign

      Warehouse with pylon sign and grade level door for rent.
      709 S Treadaway Blvd, Abilene, TX 79602
      View Details
    • $1,250 /Mo

      Commercial Land with Greenhouse Structure

      Commercial land for rent with a large greenhouse structure.
      5250 S 14Th St, Abilene, TX 79602
      View Details
    • $217,000

      Commercial Lot on South Danville

      Commercial land for rent on South Danville Drive.
      2317 S Danville Dr, Abilene, TX 79603
      View Details
    • $1,500 /Mo
      1,296 SF

      Freestanding Building on Large Lot

      Freestanding building suitable for used car lot or detail shop.
      501 N Leggett Dr, Abilene, TX 79605
      View Details

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    Erik Paul Johnson, Abilene, TX
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    Erik Paul Johnson, Abilene, TX
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