Newly Remodeled Office
New
For Sale
$429,000
1311 Hickory Street, Abilene, TX 79601
SINGLE_FAMILY - Abilene, TX
Property Size2,000 SF
Lot Size0.11 Acres
Price / SF$214.50
Days on Market3
Property Features for 1311 Hickory Street
General Information
Property type
Residential
Property subtype
Office
Zoning description
Office
Parking features
Alley, On Street
Subdivision
Ot Abilene
Directions
1311 Hickory Street
Standard status
Active
APN
20711
Lot size
0.11 Acres
Taxes and HOA fees
Tax Description
N35FT S 110 W140 202 W1-3 2 OT ABL
Tax Annual Amount
2835
Legal Description
N35FT S 110 W140 202 W1-3 2 OT ABL
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1956
Floors in Building
1
Number of units
1
Flooring type
Vinyl
Building materials
Concrete
Roof type
Asphalt
Listing Agency:
Barnett & Hill
(325) 677-3500
Listed By:
Timothy Smith · License #0689037
(325) 677-3500
Added: Jul 30
Last Checked: Aug 1 at 8:06PM
MLS# 21327910
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This newly remodeled office building offers approximately 2,000 square feet of flexible interior space with six private offices, two restrooms, a spacious lobby or reception area, and plenty of storage. The layout includes a spacious interior corridor extending from front to back with multiple entry points, creating room for shelving, storage, or other creative uses. Updates include new LVT flooring, new paint, new light fixtures, new plumbing, new electrical, and more, with central heating and central air conditioning.
Parking is available at both the front and rear, with rear entry parking in addition to the parking spaces in front. The building has concrete construction and an asphalt roof. Public water and public sewer service are provided.
With a lot size of 0.112 acres and an original year built of 1956, the property is supported for immediate occupancy and owner consideration for leasing for qualified applicants.
Parking is available at both the front and rear, with rear entry parking in addition to the parking spaces in front. The building has concrete construction and an asphalt roof. Public water and public sewer service are provided.
With a lot size of 0.112 acres and an original year built of 1956, the property is supported for immediate occupancy and owner consideration for leasing for qualified applicants.
Key Highlights
- Approximately 2,000 square foot office building
- Six private offices plus spacious lobby or reception area
- Two restrooms
Financial Insights For Office B
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 | $34.8k | $17.40 |
| − Vacancy | −$5.2k | −$2.61 |
| EGI | $29.6k | $14.79 |
| − OpEx | −$7.4k | −$3.70 |
| NOI | $22.2k | $11.09 |
2,000 SF · lease $17.40/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$316.9K
$277.3K – $369.8K
NOI $22,185 @ 7.0% cap · market cap 5.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$446.5K
$390.7K – $521.0K
NOI $31,258 @ 7.0% cap · market cap 7.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
112
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office building with private offices, restrooms, and updated finishes, plus rear entry parking and front parking spaces.
Where is this office building located?
The property is located at 1311 Hickory Street Abilene, TX.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Approximately 2,000 square foot office building; Six private offices plus spacious lobby or reception area; Two restrooms
