Medical/Professional Office
1202 Hickory Street Abilene, TX 79601
New
1202 Hickory Street, Abilene, TX, 79601
$350,000
For Sale
$350,000
Well-maintained office space near Hendrick Medical Center with reception, private offices, break room, storage, and on-site parking.
Property Size2,052 SF
Price / SF$170.57
Days on Market4
Property Features for 1202 Hickory Street
General Information
- Standard status
- Active
- Size
- 2,052 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1981
Listing Agency
Abilene Group Premier Re. Adv.
(325) 669-5153
Listed by
Phil Hill · License #0657445
(325) 669-5153
Source
Fullhouserealtytx
Added: Jul 14 Checked: Jul 16 at 1:42 pm
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 Abilene Group Premier Re. Adv.
Investment Insights
Based on property information with market context.
This well-maintained office space is laid out for professional and medical-related use, with a welcoming reception area, multiple private offices, a break room, and dedicated storage to help keep day-to-day operations organized. The interior configuration supports both client-facing workflow and private work areas.
The property is located near Hendrick Medical Center, positioned within a professional corridor with close proximity to medical facilities and established businesses. On-site parking is available for employees and visitors.
For buyers seeking an owner-occupied or investment-friendly office configuration, this offering provides a functional plan with reception, privacy-focused offices, staff support space, and practical storage, paired with parking convenience.
The property is located near Hendrick Medical Center, positioned within a professional corridor with close proximity to medical facilities and established businesses. On-site parking is available for employees and visitors.
For buyers seeking an owner-occupied or investment-friendly office configuration, this offering provides a functional plan with reception, privacy-focused offices, staff support space, and practical storage, paired with parking convenience.
Key Highlights
- Office space built in 1981 near Hendrick Medical Center
- Includes a welcoming reception area for greeting clients or patients
- Multiple private offices for productivity and confidentiality
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.9k | $20.40 |
| − Vacancy | −$2.7k | −$1.33 |
| EGI | $39.1k | $19.07 |
| − OpEx | −$15.7k | −$7.63 |
| NOI | $23.5k | $11.44 |
2,052 SF · lease $20.40/SF/yr · vacancy 6.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$335.5K
$293.6K – $391.4K
NOI $23,484 @ 7.0% cap · market cap 6.71%
Second Best
Office B
$325.2K
$284.5K – $379.4K
NOI $22,762 @ 7.0% cap · market cap 6.50%
Theoretical Best
Office A
$458.1K
$400.9K – $534.5K
NOI $32,070 @ 7.0% cap · market cap 9.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Abilene Artificial Limb
Orthotics & Prosthetics Service
Aaron Jurkis
Orthotics & Prosthetics Service
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FAQs
What type of property is this?
Office units - Well-maintained office space near Hendrick Medical Center with reception, private offices, break room, storage, and on-site parking.
Where is this office units located?
The property is located at 1202 Hickory Street 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: Office space built in 1981 near Hendrick Medical Center; Includes a welcoming reception area for greeting clients or patients; Multiple private offices for productivity and confidentiality
