Flex Space with Insulated Overhead
For Sale
$499,900
761 Arnold Boulevard, Abilene, TX 79605
COMMERCIAL - Abilene, TX
Property Size4,905 SF
Lot Size1.10 Acres
Price / SF$101.92
Days on Market51
Property Features for 761 Arnold Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
GC
Subdivision
Charles L Marshall Sub
Directions
Arnold Blvd to Property located next to Allsup's
Standard status
Active
APN
60289
Lot size
1.10 Acres
Taxes and HOA fees
Tax Description
CHARLES L MARSHALL SUB, BLOCK A, LOT E83.27 F
Tax Annual Amount
213
Legal Description
CHARLES L MARSHALL SUB, BLOCK A, LOT E83.27 F
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1958
Floors in Building
1
Number of units
1
Flooring type
Concrete
Building materials
Brick, Block
Roof type
Synthetic
Listing Agency:
Tommy Simons (office)
(325) 721-8800
Listed By:
Tommy Simons · License #0583499
(325) 721-8800
Added: Jul 10
Changed: Aug 5
Last Checked: Aug 29 at 1:06AM
MLS# 21228123
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.
Renovated flex space on a 1.1-acre lot featuring two versatile buildings totaling 4,905 sq ft of workspace. The interior is presented as move-in ready and includes new central heat and AC, a new roof, upgraded electrical, and energy-efficient spray foam insulation. Concrete flooring is paired with epoxy floor coatings throughout, supporting a range of business uses.
The buildings include five brand-new insulated overhead doors for convenient loading and access. Construction materials include brick and block, and the exterior offers a securely fenced yard plus a parking area improved with asphalt millings.
Location is positioned near the expanding Dyess Air Force Base and next door to Allsup’s, with public water and public sewer service available. The property is offered for sale, or possible lease.
The buildings include five brand-new insulated overhead doors for convenient loading and access. Construction materials include brick and block, and the exterior offers a securely fenced yard plus a parking area improved with asphalt millings.
Location is positioned near the expanding Dyess Air Force Base and next door to Allsup’s, with public water and public sewer service available. The property is offered for sale, or possible lease.
Key Highlights
- 1.1‑acre lot with two buildings totaling 4,905 sq ft of workspace
- Five brand‑new insulated overhead doors for easy access and loading
- New central heat and AC plus upgraded electrical and energy‑efficient spray foam insulation
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
$41,358
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
8.27%
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%
$827,160
$827.2K
Cap Rate 7%
$590,829
$590.8K
Cap Rate 9%
$459,533
$459.5K
Market Conditions
NOI Build-Up for 4,905 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
$67.7K $13.80/SF
− Vacancy
−$4.1K −$0.83/SF
EGI
$63.6K $12.97/SF
− OpEx
−$22.3K −$4.54/SF
NOI
$41.4K $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%
$827,160
Cap Rate 7%
$590,829
Cap Rate 9%
$459,533
Alternative Uses
Best Use
Flex RnD
$590.8K
$517.0K – $689.3K
NOI $41,358 @ 7.0% cap · market cap 8.27%
Second Best
Industrial
$475.3K
$415.9K – $554.5K
NOI $33,271 @ 7.0% cap · market cap 6.66%
Theoretical Best
Office A
$1.10M
$958.2K – $1.28M
NOI $76,659 @ 7.0% cap · market cap 15.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
128
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 79605, TX
30,239
Population
12,795
Households
2.4
Avg Household Size
35
Median Age
25%
College-Educated
87%
High-School Grad
11.0 sq mi
ZIP Area
2,749
Density / Sq Mi
$59,565
Median Household Income
$33,537
Median Earnings
$1,077
Median Rent
$159,800
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 - Renovated flex space on a fenced lot with central heat and air, new roof, and five insulated overhead doors across two buildings.
Where is this flex space located?
The property is located at 761 Arnold Boulevard Abilene, TX.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 1.1‑acre lot with two buildings totaling 4,905 sq ft of workspace; Five brand‑new insulated overhead doors for easy access and loading; New central heat and AC plus upgraded electrical and energy‑efficient spray foam insulation
