Office Building with Private
For Sale
$350,000
1202 Hickory Street, Abilene, TX 79601
Reception, staff break space, storage, and on-site parking support day-to-day operations.
Property Size2,052 SF
Price / SF$170.57
Days on Market10
Property Features for 1202 Hickory Street
General Information
Standard status
Active
Size
2,052 SF
Property subtype
Commercial
Zoning
Office
Site & Location
Neighborhood
North College
Additional Details
Property Use
Office
Amenities
reception area
private offices
break room
storage space
Building Details
Building Size
2,052 SF
Year Built
1981
Stories
1
Units
1
Listing Agency:
Abilene Group Premier Re. Adv.
(325) 721-2436
Listed By:
Phil Hill · License #0657445
(325) 669-5153
Source:
Cogburnrealestate
Added: Oct 22
Changed: Oct 31
Last Checked: Oct 29 at 9:34PM
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.
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Investment Insights
Based on property information with market context.
This 2,052-square-foot office building at 1202 Hickory Street in Abilene has a reception area, multiple private offices, a staff break room, and dedicated storage. Built in 1981, the property is zoned Office and includes on-site parking.
Hendrick Medical Center is nearby, along with established businesses and major thoroughfares. The office layout and location near medical facilities provide a practical setting for professional, administrative, or medical operations.
Hendrick Medical Center is nearby, along with established businesses and major thoroughfares. The office layout and location near medical facilities provide a practical setting for professional, administrative, or medical operations.
Key Highlights
- 2,052‑square‑foot office building
- Multiple private offices, reception area, break room, and dedicated storage
- On‑site parking for employees and visitors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,762
Cap Rate
6.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$455,240
$455.2K
Cap Rate 7%
$325,171
$325.2K
Cap Rate 9%
$252,911
$252.9K
Market Conditions
NOI Build-Up for 2,052 SF
Gross rent
$35.7K $17.40/SF
− Vacancy
−$5.4K −$2.61/SF
EGI
$30.3K $14.79/SF
− OpEx
−$7.6K −$3.70/SF
NOI
$22.8K $11.09/SF
Area
Abilene, TX
Vacancy
15.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$455,240
Cap Rate 7%
$325,171
Cap Rate 9%
$252,911
Alternative Uses
Best Use
Office B
$325.2K
$284.5K – $379.4K
NOI $22,762 @ 7.0% cap · market cap 6.50%
Second Best
—
—
no second resolved use
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 authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
771
Businesses Nearby
Explore this area
Business Placement
Demographics for 79601, TX
26,515
Population
9,422
Households
2.8
Avg Household Size
32
Median Age
21%
College-Educated
84%
High-School Grad
263.0 sq mi
ZIP Area
101
Density / Sq Mi
$54,515
Median Household Income
$24,704
Median Earnings
$988
Median Rent
$182,900
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Reception, staff break space, storage, and on-site parking support day-to-day operations.
Where is this office building 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: 2,052‑square‑foot office building; Multiple private offices, reception area, break room, and dedicated storage; On‑site parking for employees and visitors
