Mixed-Use Property with Residential
For Sale
$350,000
117 Victoria St, Abilene, TX 79603
Three-building package combining a vacant commercial structure with occupied residential units and apartment space.
Property Size1,408 SF
Price / SF$248.58
Days on Market98
Property Features for 117 Victoria St
General Information
Standard status
Active
Size
1,408 SF
Property subtype
Multi-Family
Financials
Asking Price
$350,000
Gross Income
$45,600
Units
Unit Mix
2 x 1BR, 1 x 3BR/1BA
Multifamily Units
3
Additional Details
Road Access
Yes
Building Details
Year Built
1944
Buildings
3
Tenancy
Multi
Listing Agency:
McCullar Properties Group LLC
Listed By:
Josh Rader (325) 665-4037 · License #0661281
(325) 665-4037
Source:
Divinerealtygrp
Added: Jul 8
Changed: Oct 10
Last Checked: Oct 12 at 7:51PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of McCullar Properties Group LLC
Investment Insights
Based on property information with market context.
This mixed-use offering comprises three buildings across two parcels with a combined property size of 1,408 square feet. The first parcel includes a vacant commercial building with direct N 1st Street frontage, along with an occupied one-bedroom residential unit at the rear. The commercial structure previously supported automotive use and can accommodate continued commercial occupancy or another retail-oriented configuration, subject to applicable requirements.
The neighboring parcel adds a leased three-bedroom, one-bath single-family home with a backyard and a converted detached garage. The garage includes an upstairs one-bedroom apartment and a finished lower-level area used by the tenant. Built in 1944, the package brings together commercial space and multiple residential components at the corner of N 1st Street and Victoria Street in Abilene, Texas.
The neighboring parcel adds a leased three-bedroom, one-bath single-family home with a backyard and a converted detached garage. The garage includes an upstairs one-bedroom apartment and a finished lower-level area used by the tenant. Built in 1944, the package brings together commercial space and multiple residential components at the corner of N 1st Street and Victoria Street in Abilene, Texas.
Key Highlights
- Three‑building, two‑parcel mixed‑use package
- 1,408 square feet across the property
- Vacant commercial building with direct N 1st Street frontage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,414
Cap Rate
4.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$288,280
$288.3K
Cap Rate 7%
$205,914
$205.9K
Cap Rate 9%
$160,156
$160.2K
Market Conditions
NOI Build-Up for 1,408 SF
Gross rent
$25.3K $18.00/SF
− Vacancy
−$2.3K −$1.62/SF
EGI
$23.1K $16.38/SF
− OpEx
−$8.6K −$6.14/SF
NOI
$14.4K $10.24/SF
Area
Abilene, TX
Vacancy
9.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$288,280
Cap Rate 7%
$205,914
Cap Rate 9%
$160,156
Alternative Uses
Best Use
Mixed Use
$205.9K
$180.2K – $240.2K
NOI $14,414 @ 7.0% cap · market cap 4.12%
Second Best
Retail
$171.0K
$149.6K – $199.5K
NOI $11,969 @ 7.0% cap · market cap 3.42%
Theoretical Best
Office A
$314.4K
$275.1K – $366.8K
NOI $22,005 @ 7.0% cap · market cap 6.29%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
942
Businesses Nearby
Explore this area
Business Placement
Demographics for 79603, TX
23,746
Population
9,960
Households
2.4
Avg Household Size
35
Median Age
17%
College-Educated
83%
High-School Grad
59.2 sq mi
ZIP Area
401
Density / Sq Mi
$53,579
Median Household Income
$32,339
Median Earnings
$1,022
Median Rent
$114,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three-building package combining a vacant commercial structure with occupied residential units and apartment space.
Where is this mixed-use property located?
The property is located at 117 Victoria St Abilene, TX.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Three‑building, two‑parcel mixed‑use package; 1,408 square feet across the property; Vacant commercial building with direct N 1st Street frontage
