Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    10971 W Lake Rd Abilene, TX 79601

    Sponsored
    For Sale
    $269,900

    Multiple Single Units - Abilene, TX

    Lot size:
    1.22 Acres
    Days on Market:
    38
    Last Refresh:
    Jan 21 at 10:06 am

    Property Features for 10971 W Lake Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    R19015
    Parking
    8
    Parking features
    Open
    Lot size
    1.22 Acres

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Electric

    Building Details

    Year built
    1945
    Floors in Building
    1
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    David Tamez

    WHITE BUFFALO PROPERTY SOLUTIONS, LLC (325) 701-7988

    Listing agent David Tamez (325) 829-1412 License #0616455

    Listing date Dec 15, 2025

    MLS# 21132653 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Lake Fort Phantom Portfolio

    This portfolio features four houses situated on a large 1.217-acre lot on Lake Fort Phantom, located at the hard corner of Westlake Rd. and FM 1082 in Abilene, TX. The properties are fully occupied, offering a turnkey revenue stream. The portfolio includes two 2-bedroom houses, one 1-bedroom house, and one efficiency home. All units feature new roofs, with miscellaneous repairs in individual units including new flooring, toilets, water heaters, and washer-dryer connections. Alternatively, the houses could be removed, and the property could be used for commercial purposes due to its location on two high-traffic roadways.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Law Firm Pawn Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Abilene
    County
    Taylor
    State
    Texas
    Longitude
    -99.691956
    Latitude
    32.606399

    Nearby Similar for Sale

    • $1,450,000
      2,980 SF

      Resort-Style Ranch with Luxury Barndominium

      35.5-acre ranch featuring a barndominium and outdoor oasis.
      1173 County Road 297, Abilene, TX 79606
      View Details
    • New
      $985,000
      3,100 SF

      Luxury Barndominium on 55 Acres

      Stunning barndominium on nearly 55 acres near Abilene, Texas.
      7973 Fm 1235, Abilene, TX 79603
      View Details
    • $1,399,000
      4,907 SF

      Abilene Farm/Ranch with Man Mansion

      34.81-acre Abilene property featuring a main home and 'Man Mansion'.
      1098 E State Highway 36, Abilene, TX 79602
      View Details
    • New
      $370,000
      0.55 Acres

      Versatile Commercial Space in Abilene, TX

      Commercial property with drive-through capability, ideal for various business ventures.
      1917 S 20Th St, Abilene, TX 79602
      View Details
    • $750,000
      1.80 Acres

      Adaptable Building in Growing Abilene

      Versatile 8,000 SF building on 1.8 acres in West Abilene.
      6502 Military Dr, Abilene, TX 79605
      View Details
    • $129,900
      0.17 Acres

      Four-Unit Dwelling in Abilene, TX

      Centrally located Abilene multi-family unit with strong cash flow potential.
      1109 S 14Th St, Abilene, TX 79602
      View Details
    • New
      $1,500,000
      0.58 Acres

      The Big Red Barn Retail

      Showroom, office, workshop, and warehouse space available for purchase.
      1402 S Clack St, Abilene, TX 79605
      View Details
    • $183,000
      0.22 Acres

      Abilene Duplex on Corner Lot

      Spacious duplex with rental income potential on a corner lot.
      643 Palm St, Abilene, TX 79602
      View Details
    • $575,000
      1.16 Acres

      Established Childcare Facility For Sale

      Profitable childcare center in high-growth area with expansion potential.
      2450 Maple St, Abilene, TX 79602
      View Details
    • $2,100,000
      2.86 Acres

      Restaurant Building on Ridgemont Drive

      Spacious restaurant with high traffic and expansion potential in Abilene.
      4400 Ridgemont Dr, Abilene, TX 79606
      View Details
    • $2,350,000
      0.92 Acres

      Abilene Restaurant Property For Sale

      Restaurant property with high visibility and traffic near Mall of Abilene.
      4109 Ridgemont Dr, Abilene, TX 79606
      View Details
    • New
      $1,450,000
      5.23 Acres

      Abilene Retail Space with Parking

      Large retail space with ample parking and high traffic flow.
      1238 Grape St, Abilene, TX 79601
      View Details

    FAQs

    What type of property is this?
    Single family property - Four residential units on a large lot near Lake Phantom.
    Where is this single family property located?
    The property is located at 10971 W Lake Rd Abilene, TX.
    What is the asking price?
    The asking price for this property is $269,900.
    What are key features of this property?
    This property features: - Portfolio of 4 houses on a large 1.5+ acre lot on Lake Fort Phantom.; - Turnkey revenue stream with fully occupied units.; - Located on the hard corner of Westlake Rd. and FM 1082, offering high traffic exposure.
    (325) 829-1412
    Request Owner's contact information
    10971 W Lake Rd Abilene, TX 79601
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    10971 W Lake Rd
    Abilene, TX 79601
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    10971 W Lake Rd Abilene, TX 79601
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    David Tamez
    Real Estate License ID: 0616455
    (325) 829-1412
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.