Office Building with Shop Space

1033 Walnut Street, Abilene, TX 79601

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For Sale

$399,999

Renovated office and industrial space with alley access.

Type:Commercial

Property size:

2,500 SF

Price / SF:

$159/SF

HighLights

5000 sq ft total: 2500 sq ft of office space and 2500 sq ft of shop/industrial workspace.
Renovated top to bottom in 2019.
Alley access with two bay doors.
Office area includes 2 double offices, 4 single offices, reception, kitchen, and 2 bathrooms.
Fenced area for additional storage.
Suitable for businesses needing combined office and industrial space.

We can help!

Listing Contact

Debbie Staggs

Learn more

For Sale

$399,999

Renovated office and industrial space with alley access.

Type:Commercial

Property size:

2,500 SF

Price / SF:

$159/SF

Added:: Apr 22, 2026
Days on Market:: 52
Last Refresh:: Apr 22 at 5:44 pm

Property Features for 1033 Walnut Street

General Information

Standard status: Active
Size: 2,500 SF
Property subtype: Commercial

Building Details

Year Built: 1959

We can help!

Listing Contact

Debbie Staggs

Listing agent Debbie Staggs

Listing office Berkshire Hathaway HS Stovall

Listing date Apr 22, 2026

Source Signaturere

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 Berkshire Hathaway HS Stovall

HighLights

5000 sq ft total: 2500 sq ft of office space and 2500 sq ft of shop/industrial workspace.
Renovated top to bottom in 2019.
Alley access with two bay doors.
Office area includes 2 double offices, 4 single offices, reception, kitchen, and 2 bathrooms.
Fenced area for additional storage.
Suitable for businesses needing combined office and industrial space.

Overview

This unique building features 2500 square feet of office space and 2500 square feet of shop or industrial workspace. The office area contains 2 double offices and 4 single offices, as well as a reception area, a kitchen area, and 2 bathrooms. The building was renovated in 2019 from top to bottom, including sheet rock, trim, doors, drop-down ceilings, trough lighting, bathrooms, fixtures, flooring, and the HVAC system. The shop area is equipped with two bay doors which open to the back of the building for alley access. One bay opens to a fenced area for additional storage. This is the perfect location for any business needing a combination of office and industrial space.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$43.5k	$17.40
− Vacancy	−$6.5k	−$2.61
EGI	$37.0k	$14.79
− OpEx	−$9.2k	−$3.70
NOI	$27.7k	$11.09

2,500 SF · lease $17.40/SF/yr · vacancy 15.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$396.2K

$346.6K – $462.2K (±1% cap)

NOI $27,731 @ 7.0% cap · market cap 6.93%

Second Best

Flex RnD

$301.1K

$263.5K – $351.3K (±1% cap)

NOI $21,080 @ 7.0% cap · market cap 5.27%

Theoretical Best

Office A

$558.2K

$488.4K – $651.2K (±1% cap)

NOI $39,072 @ 7.0% cap · market cap 9.77%

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

Location Intelligence

Current Use by Public Records

Pieces to Love Wellness Alternative Medicine Practice Uniqu3 Storage Factory Bolin Roofing and Construction Construction Company Uniqu3 Solutions Remodeling ... Construction Company Darlene's Tax Service Tax Preparation

Suggested Use

Location Insight

Map
Local Demand

City: Abilene
County: Taylor
State: Texas
Longitude: -99.7303785
Latitude: 32.4611485

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For sale
Flex space
TX
Abilene
79601
1033 Walnut Street

What type of property is this?

Flex space - Renovated office and industrial space with alley access.

Where is this flex space located?

The property is located at 1033 Walnut Street Abilene, TX.

What is the asking price?

The asking price for this property is $399,999.

What are key features of this property?

This property features: 5000 sq ft total: 2500 sq ft of office space and 2500 sq ft of shop/industrial workspace.; Renovated top to bottom in 2019.; Alley access with two bay doors.