Auto Repair Facility with
For Sale
$699,000
881 Pine St, Abilene, TX 79601
Central Abilene facility with service bays, showroom, wash bay, and fenced outdoor storage.
Property Size8,625 SF
Price / SF$81.04
Days on Market39
Property Features for 881 Pine St
General Information
Standard status
Active
Size
8,625 SF
Site & Location
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Automotive
Service Bays
7
Car Wash Bays
1
Amenities
two restrooms
office
parts room
front showroom
Building Details
Year Built
1962
Buildings
1
Listing Agency:
McCullar Properties Group LLC
(325) 665-4037
Listed By:
Josh Rader · License #0661281
Source:
Heritance
Added: Jul 21
Changed: Aug 28
Last Checked: Aug 28 at 7:58PM
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 McCullar Properties Group LLC
Investment Insights
Based on property information with market context.
This 8,625-square-foot automotive facility, built in 1962, combines repair, sales, and customer-facing space. The layout includes seven roll-up bay doors, a separate wash bay, two restrooms, an office, a parts room, and a front showroom for reception and vehicle display. A fully enclosed yard adds secure outdoor storage and parking capacity.
Located at 881 Pine St in Abilene, the property sits between downtown Abilene and major institutions including Hendrick Health, Texas Tech Health Sciences Center, and Hardin-Simmons University. Its zoning is described as flexible, supporting consideration of automotive, service, and other commercial uses.
Located at 881 Pine St in Abilene, the property sits between downtown Abilene and major institutions including Hendrick Health, Texas Tech Health Sciences Center, and Hardin-Simmons University. Its zoning is described as flexible, supporting consideration of automotive, service, and other commercial uses.
Key Highlights
- 8,625 SF automotive repair and sales facility at 881 Pine St, Abilene
- Seven roll‑up bay doors plus a dedicated wash bay
- Front showroom, office, parts room, and two restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$58,503
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.37%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,170,060
$1.2M
Cap Rate 7%
$835,757
$835.8K
Cap Rate 9%
$650,033
$650.0K
Market Conditions
NOI Build-Up for 8,625 SF
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.
Gross rent
$88.0K $10.20/SF
− Vacancy
−$4.4K −$0.51/SF
EGI
$83.6K $9.69/SF
− OpEx
−$25.1K −$2.91/SF
NOI
$58.5K $6.78/SF
Area
Abilene, TX
Vacancy
5.00%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,170,060
Cap Rate 7%
$835,757
Cap Rate 9%
$650,033
Alternative Uses
Best Use
Retail
$1.05M
$916.5K – $1.22M
NOI $73,319 @ 7.0% cap · market cap 10.49%
Second Best
Industrial
$835.8K
$731.3K – $975.1K
NOI $58,503 @ 7.0% cap · market cap 8.37%
Theoretical Best
Office A
$1.93M
$1.68M – $2.25M
NOI $134,798 @ 7.0% cap · market cap 19.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
7
Service bays
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,218
Businesses Nearby
Well-served
Demand for This Use
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Big Dawg Mechanic & Tire — abilene, tx 79602
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- Michael Paint & Bodyshop — 1549 S 1st St, Abilene, TX 79602
- Ppg Collision Repair Center — 1109 S 1st St, Abilene, TX 79602
- Good Time Autos — 1243 S 1st St, Abilene, TX 79602
Frequently Asked Questions
What type of property is this?
Auto shop - Central Abilene facility with service bays, showroom, wash bay, and fenced outdoor storage.
Where is this auto shop located?
The property is located at 881 Pine St Abilene, TX.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 8,625 SF automotive repair and sales facility at 881 Pine St, Abilene; Seven roll‑up bay doors plus a dedicated wash bay; Front showroom, office, parts room, and two restrooms
