Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1917 Grape St Abilene, TX 79601

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,000 /Mo ($5 SF/Yr)

    2100 SF flex space with flexible MX zoning.

    Property size:
    2,100 SF
    Lot size:
    0.22 Acres

    Property Features for 1917 Grape St

    General Information

    Standard status
    Active
    Size
    2,100 SF
    Lot size
    0.22 Acres

    Building Details

    Year built
    1987

    We can help!

    Listing Contact
    Chad Chaney
    Chad Chaney
    Source: Exitrealty

    Listing Agency: Coldwell Banker Apex, REALTORS Listing Agent: Chad Chaney

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

    Learn more

    Overview

    Versatile Flex Space Available

    This 2100 square foot flex space is available for lease. The space is mostly open, with an office located in the northwest corner of the building and a storage cage in the northeast corner. The storage cage contains a restroom with ample space to be ADA compliant. Two overhead garage doors provide access and visibility from Grape Street. The portion of the lot to the north of the building is fenced, offering exterior lockable storage. The portion of the lot to the south and along Grape Street is not fenced. The zoning is MX, offering flexible usage.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Abilene
    County
    Taylor
    State
    Texas
    Longitude
    -99.739158
    Latitude
    32.471816

    Nearby Similar for Lease

    • New
      $2,100 /Mo
      33,323 SF

      Versatile Commercial Property For Lease

      Commercial property with office, storage, and ample parking available for lease.
      1699 N Treadaway Blvd, Abilene, TX 79601
      View Details
    • $3,500 /Mo
      14,985 SF

      Commercial Space in South Abilene

      Commercial space perfect for tradesman with secured yard.
      1929 S Treadaway Blvd, Abilene, TX 79602
      View Details
    • New
      $1,500 /Mo
      22,477 SF

      Storefront Retail Space Available

      Storefront retail space for lease at a busy intersection.
      3660 N 6Th St, Abilene, TX 79603
      View Details
    • New
      $2,500 /Mo
      2,627 SF

      Retail Space in Abilene, TX

      2,600+ sqft retail space near North 1st.
      3660 N 6Th St, Abilene, TX 79603
      View Details
    • $1,700 /Mo
      26,528 SF

      Abilene Office Space For Lease

      Second-level office space with excellent visibility and easy access.
      2002 Sayles Blvd, Abilene, TX 79605
      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
    • New
      $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
    • $2,400 /Mo
      32,017 SF

      Abilene Office Space For Lease

      Professional office space in central Abilene with high visibility.
      3408 S 14Th St, Abilene, TX 79605
      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
      4,966 SF

      Downtown Abilene Retail/Office Space

      Almost 5000 sqft of space with unlimited opportunity!
      813 Hickory St, Abilene, TX 79601
      View Details
    • $2,700 /Mo
      60,548 SF

      Functional Office Space in Abilene

      Office space with flexible layout and renovation potential.
      5189 Texas Ave, Abilene, TX 79605
      View Details
    • $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

    FAQs

    What type of property is this?
    Flex space - 2100 SF flex space with flexible MX zoning.
    Where is this flex space located?
    The property is located at 1917 Grape St Abilene, TX.
    What is the lease rate?
    The lease rate is $5 SF/Yr.
    What are key features of this property?
    This property features: - 2100 square feet of mostly open space; - MX zoning offers flexible usage; - **2 overhead garage doors offer access and visibility from Grape Street**
    (325) 690-4000
    Request Owner's contact information
    1917 Grape St Abilene, TX 79601
    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.
    1917 Grape St
    Abilene, TX 79601
    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
    1917 Grape St Abilene, TX 79601
    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
    Chad Chaney
    Chad Chaney
    Real Estate License ID: 0588387
    (325) 690-4000 (325) 725-6641 (972) 562-5400
    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!