Add Listing
    For Sale
    • 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

    115 S Leggett Dr Abilene, TX 79605

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Income-producing office property with diversified tenants and value-add opportunity.

    Property size:
    10,544 SF
    Lot size:
    1.53 Acres

    Property Features for 115 S Leggett Dr

    General Information

    Size
    10,544 SF
    Lot size
    1.53 Acres

    We can help!

    Listing Contact
    Tami Shifflett
    Tami Shifflett
    Source: Moodyscre

    Listing Agency: Paul Johnson & Associates Listing Agent: Tami Shifflett

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

    Learn more

    Overview

    Leggett Office Complex For Sale

    This income-producing property is zoned for General Commercial use and is situated in the Leggett Office Complex, an area with a mix of professional offices, medical users, and service providers. The property, identified as Property ID 22094, comprises two buildings on approximately 1.527 acres. The building at 209 S Leggett is approximately 4,904 square feet and houses multiple tenants in spaces including 133 (A-F), 141, 209 and 217 S Leggett. The building at 115 S Leggett offers 5,640 square feet and is fully leased. The combined tenant occupancy is 90%, presenting a value-add opportunity with a diversified tenant mix. The property is professionally managed.
    Location Intelligence

    Current Use by Public Records

    R Quilt Haven (Bike/Boat/Book/etc) Store Sacred Art Tattoo & Piercing Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Abilene
    County
    Taylor
    State
    Texas
    Longitude
    -99.7699127
    Latitude
    32.4531268

    Nearby Similar for Sale

    • New
      $325,000
      0.55 Acres

      Versatile Commercial Space in Abilene

      Commercial property with drive-through capability in South Abilene, TX.
      1917 S 20Th St, Abilene, TX 79602
      View Details
    • $595,000
      8,310 SF

      Renovated Iconic Building For Sale

      Renovated 8,310 SF building with high visibility in Abilene.
      1305 S 1St St, Abilene, TX 79602
      View Details
    • $450,000
      0.16 Acres

      Downtown Abilene Commercial Property

      Prime location with showroom and warehouse space.
      627 Pine St, Abilene, TX 79601
      View Details
    • $499,900
      3,300 SF

      Downtown Abilene Executive Office Building

      Two-story office building with modern amenities and historical character.
      441 Butternut St, Abilene, TX 79602
      View Details
    • $374,000
      0.77 Acres

      Versatile Commercial Property in Abilene

      Commercial property with office, storage, and ample parking.
      1699 Treadaway Blvd, Abilene, TX 79601
      View Details
    • New
      $750,463
      0.96 Acres

      Abilene Restaurant with Buffet

      Beloved buffet-style restaurant on main strip in Abilene, TX.
      3601 S 1St St, Abilene, TX 79605
      View Details
    • $300,000
      400 SF

      Abilene Retail Opportunity on Corner Lot

      Commercial property on a corner lot near major landmarks.
      4840 N 10Th St, Abilene, TX 79603
      View Details
    • $395,000
      19,260 SF

      Historic Mixed-Use Redevelopment Opportunity

      Three-story brick building in Abilene, TX, prime for redevelopment.
      1315 S 1St St, Abilene, TX 79602
      View Details
    • $495,000
      0.12 Acres

      Remodeled Building in SODA District

      Remodeled 3,340 SF building with 1,160 SF covered patio.
      382 Chestnut St, Abilene, TX 79602
      View Details
    • $350,000
      0.32 Acres

      Office Space Near Hendrick Medical

      Professional office space near Hendrick Medical Center in Abilene, TX.
      1202 Hickory St, Abilene, TX 79601
      View Details
    • $895,000
      2,806 SF

      Turnkey Ranch Retreat near Abilene

      Private 52-acre ranch with rock home, pond, and improvements.
      11137 County Road 348, Abilene, TX 79601
      View Details
    • $495,000
      0.03 Acres

      Downtown Abilene Commercial Building

      Prime renovated commercial building in Abilene's vibrant downtown.
      1031 N 6Th St, Abilene, TX 79601
      View Details

    FAQs

    What type of property is this?
    Office building - Income-producing office property with diversified tenants and value-add opportunity.
    Where is this office building located?
    The property is located at 115 S Leggett Dr Abilene, TX.
    What are key features of this property?
    This property features: - Income-producing property with 90% combined tenant occupancy.; - Zoned for General Commercial use in the Leggett Office Complex.; - Consists of two buildings on 1.527 +/- acres.
    (325) 370-1915 Call to check price and availability
    Request Owner's contact information
    115 S Leggett Dr Abilene, TX 79605
    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.
    115 S Leggett Dr
    Abilene, TX 79605
    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
    115 S Leggett Dr Abilene, TX 79605
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Tami Shifflett
    Tami Shifflett
    (325) 370-1915 (325) 698-5661
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!