Mixed-Use Property with
For Sale
$225,000
2826 Pine Street, Abilene, TX 79601
Combines residential units, a garage apartment, and separately metered warehouse space in one property.
Property Size2,284 SF
Price / SF$98.51
Days on Market1084
Property Features for 2826 Pine Street
General Information
Standard status
Active
Size
2,284 SF
Property subtype
Multi Family
Additional Details
Utilities to Site
Yes
Warehouse Space
1,000 SF
Taxes and HOA fees
Annual Taxes
$2,185
Building Details
Year Built
1950
Listing Agency:
Barnett & Hill
(325) 677-3500
Listed By:
Mitch Barnett · License #0574772
(325) 669-8963
Source:
Exitrealty
Added: Oct 29, 2023
Changed: Oct 1
Last Checked: Oct 1 at 9:41AM
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 Barnett & Hill
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Investment Insights
Based on property information with market context.
Built in 1950, this 2,284 SF mixed-use property combines residential and commercial components. The layout includes an 800 SF two-bedroom, one-bathroom unit, a 484 SF garage apartment, and a 1,000 SF warehouse with a half bathroom. A shell area beneath the garage apartment provides additional unfinished space with potential for conversion into another unit. Each component is separately metered.
The property is located at 2826 Pine Street in Abilene, Texas. The two-bedroom unit conveys with a refrigerator, stove, and stackable washer and dryer. Existing occupancy includes the residential units and warehouse, with the warehouse leased on a month-to-month basis as described in the property information.
The property is located at 2826 Pine Street in Abilene, Texas. The two-bedroom unit conveys with a refrigerator, stove, and stackable washer and dryer. Existing occupancy includes the residential units and warehouse, with the warehouse leased on a month-to-month basis as described in the property information.
Key Highlights
- 2,284 SF mixed‑use property at 2826 Pine Street, Abilene, TX 79601
- Includes an 800 SF 2‑bedroom, 1‑bathroom residential unit
- 484 SF garage apartment included in the property layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,936
Cap Rate
8.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$378,720
$378.7K
Cap Rate 7%
$270,514
$270.5K
Cap Rate 9%
$210,400
$210.4K
Market Conditions
NOI Build-Up for 2,284 SF
Gross rent
$28.8K $12.60/SF
− Vacancy
−$1.7K −$0.76/SF
EGI
$27.1K $11.84/SF
− OpEx
−$8.1K −$3.55/SF
NOI
$18.9K $8.29/SF
Area
Abilene, TX
Vacancy
6.00%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$378,720
Cap Rate 7%
$270,514
Cap Rate 9%
$210,400
Alternative Uses
Best Use
Mixed Use
$334.0K
$292.3K – $389.7K
NOI $23,382 @ 7.0% cap · market cap 10.39%
Second Best
Multifamily LT 5
$270.5K
$236.7K – $315.6K
NOI $18,936 @ 7.0% cap · market cap 8.42%
Theoretical Best
Office A
$509.9K
$446.2K – $594.9K
NOI $35,696 @ 7.0% cap · market cap 15.86%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
238
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Combines residential units, a garage apartment, and separately metered warehouse space in one property.
Where is this mixed-use property located?
The property is located at 2826 Pine Street Abilene, TX.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 2,284 SF mixed‑use property at 2826 Pine Street, Abilene, TX 79601; Includes an 800 SF 2‑bedroom, 1‑bathroom residential unit; 484 SF garage apartment included in the property layout
