Flex Space with Fenced
For Sale
$299,000
1518 14th st, Abilene, TX 79602
CommercialSale, Abilene, TX
Property Size3,250 SF
Lot Size0.12 Acres
Price / SF$92
Days on Market10
Property Features for 1518 14th st
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
HC - Heavy Commercial supports contractor and equipment yards, building-material sales, warehousing and open storage-ideal for service, distribution and commercial operations (verify use).
Parking features
Open, Garage
Subdivision
Bellevue Ridge
Lot features
Interior Lot
Directions
Property is located on the north side of the road, in the block between Palm and Peach Streets.
Standard status
Active
APN
55547
Lot size
0.12 Acres
Taxes and HOA fees
Tax Description
BELLEVUE RIDGE, BLOCK 15 (1,2,4), LOT W50 S10
Tax Annual Amount
1285
Legal Description
BELLEVUE RIDGE, BLOCK 15 (1,2,4), LOT W50 S10
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Window Unit(s)
Water source
Public
Building Details
Floors in Building
1
Number of units
2
Flooring type
Concrete
Building materials
Brick, Block
Roof type
Mixed, Tar/Gravel, Synthetic
Listing Agency:
McCullar Properties Group LLC
(325) 665-4037
Listed By:
Josh Rader · License #0661281
(325) 665-4037
Added: Aug 19
Changed: Aug 28
Last Checked: Aug 28 at 10:06PM
MLS# 21357097
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.
Investment Insights
Based on property information with market context.
This 3,250 SF flex property is divided into two connected functional areas with shared center access. Both spaces include a grade-level garage door. One side combines office space, a closet, central heat and air, a kitchen, and a full bathroom with shower, while the other offers a more industrial layout with restroom facilities. Concrete flooring and brick and block construction support a practical commercial configuration.
A fenced rear yard provides secured outdoor space for storage, equipment, or related operations. The property includes open and garage parking, public water, and public sewer. Heating is provided by central systems, with cooling from central air and window units. The 0.115-acre site is suited to a user needing a combination of interior work areas, office support, loading access, and enclosed exterior storage.
A fenced rear yard provides secured outdoor space for storage, equipment, or related operations. The property includes open and garage parking, public water, and public sewer. Heating is provided by central systems, with cooling from central air and window units. The 0.115-acre site is suited to a user needing a combination of interior work areas, office support, loading access, and enclosed exterior storage.
Key Highlights
- 3,250 SF flex property divided into two connected functional spaces
- Two grade‑level garage doors with shared center access
- Office area, kitchen, closet, central heat and air, and full bath with shower
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,403
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$548,060
$548.1K
Cap Rate 7%
$391,471
$391.5K
Cap Rate 9%
$304,478
$304.5K
Market Conditions
NOI Build-Up for 3,250 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$44.9K $13.80/SF
− Vacancy
−$2.7K −$0.83/SF
EGI
$42.2K $12.97/SF
− OpEx
−$14.8K −$4.54/SF
NOI
$27.4K $8.43/SF
Area
Abilene, TX
Vacancy
6.00%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$548,060
Cap Rate 7%
$391,471
Cap Rate 9%
$304,478
Alternative Uses
Best Use
Flex RnD
$391.5K
$342.5K – $456.7K
NOI $27,403 @ 7.0% cap · market cap 9.16%
Second Best
Warehouse
$339.2K
$296.8K – $395.7K
NOI $23,744 @ 7.0% cap · market cap 7.94%
Theoretical Best
Office A
$725.6K
$634.9K – $846.6K
NOI $50,794 @ 7.0% cap · market cap 16.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
473
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79602, TX
25,389
Population
11,127
Households
2.3
Avg Household Size
36
Median Age
34%
College-Educated
91%
High-School Grad
121.7 sq mi
ZIP Area
209
Density / Sq Mi
$84,845
Median Household Income
$39,044
Median Earnings
$1,123
Median Rent
$233,000
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Two-part commercial facility with office amenities, grade-level loading, and secured outdoor storage area.
Where is this flex space located?
The property is located at 1518 14th st Abilene, TX.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 3,250 SF flex property divided into two connected functional spaces; Two grade‑level garage doors with shared center access; Office area, kitchen, closet, central heat and air, and full bath with shower
