Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    598 Westwood Dr Abilene, TX 79603

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $12 SF/Yr ($1,200 /Mo)

    Office space featuring a conference room and multiple private offices.

    Property size:
    1,200 SF
    Lot size:
    1.38 Acres

    Property Features for 598 Westwood Dr

    General Information

    Size
    1,200 SF
    Lot size
    1.38 Acres

    We can help!

    Listing Contact
    Tami Shifflett
    Tami Shifflett
    Source: Moodyscre

    Listing Agent: Tami Shifflett

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Office Space with Conference Room

    This office space offers a waiting room, reception area, three private offices, and a conference room. The suite includes a restroom within the conference room and an additional private restroom. The property has a total size of 1200 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Abilene society of model ... Club Jeks Healthcare Clinic Medical Clinic Reveal Toy & Entertainment ... Toy Store JEKS Healthcare of the Big ... Urgent Care Center Westwood Professional Building Corporate Office

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Abilene
    County
    Taylor
    State
    Texas
    Longitude
    -99.7678842
    Latitude
    32.4540394

    Nearby Similar for Lease

    • $20,265
      124,582 SF

      Commercial Office Space For Lease

      Corporate office space east of Abilene with ample parking.
      5851 Us Highway 80 E, Abilene, TX 79601
      View Details
    • $7,000 /Mo
      23,087 SF

      Downtown Abilene Office Space Available

      Spacious office in historic building with ample parking.
      802 Orange St, Abilene, TX 79601
      View Details
    • $6,500 /Mo
      93,872 SF

      Abilene Industrial Flex Property

      Industrial flex property for lease with high visibility.
      133 S Treadaway Blvd, Abilene, TX 79602
      View Details
    • $8,043 /Mo
      14,767 SF

      Versatile Building in Abilene, TX

      Over 8,000 sq ft, suitable for various business uses.
      1701 N Treadaway Blvd, Abilene, TX 79601
      View Details
    • $5,500 /Mo
      4,800 SF

      Abilene Office Space with Yard

      4,800 SF office building with fenced yard and parking.
      4517 Derrick Dr, Abilene, TX 79601
      View Details
    • $11,000 /Mo
      157,818 SF

      Fenced Industrial Property in Abilene

      Fenced 3.62-acre industrial property with two office buildings for lease.
      4517 Derrick Dr, Abilene, TX 79601
      View Details
    • $6,672 /Mo
      32,017 SF

      Abilene Office Space For Lease

      Professional office space in central Abilene with high visibility.
      3402 S 14Th St, Abilene, TX 79605
      View Details
    • $3,000 /Mo
      4,966 SF

      Downtown Abilene Retail/Office Space

      Almost 5000 sqft of space with unlimited opportunity!
      813 Hickory St, Abilene, TX 79601
      View Details
    • $3,800 /Mo
      56,410 SF

      New Medical Office Triplex

      Premier medical office space for lease near Hendrick Medical Center.
      6715 Memorial Dr, Abilene, TX 79606
      View Details
    • $3,000 /Mo
      8,494 SF

      Warehouse Space in Abilene, TX

      Warehouse space available for lease in Abilene, Texas.
      257 Butternut St, Abilene, TX 79602
      View Details
    • $2,500 /Mo
      6,970 SF

      Renovated Retail Space in Abilene

      Unique 3,375 SF retail space in the SODA District.
      141 Oak St, Abilene, TX 79602
      View Details
    • $850 /Mo
      19,776 SF

      Office Space in Abilene, TX

      Convenient office space with multiple offices, conference room, and kitchen.
      2481 S Danville Dr, Abilene, TX 79605
      View Details

    FAQs

    What type of property is this?
    Office space - Office space featuring a conference room and multiple private offices.
    Where is this office space located?
    The property is located at 598 Westwood Dr Abilene, TX.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: - Conference room with restroom; - Private restroom; - Features 3 offices
    (325) 370-1915
    Request Owner's contact information
    598 Westwood Dr Abilene, TX 79603
    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.
    598 Westwood Dr
    Abilene, TX 79603
    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
    598 Westwood Dr Abilene, TX 79603
    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
    Tami Shifflett
    Tami Shifflett
    (325) 370-1915
    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.