Historic Office
1342 N 4th Street, Abilene, TX 79601
For Sale
$565,000
CommercialSale, Abilene, TX
Property Size4,400 SF
Lot Size0.37 Acres
Price / SF$128.41
Days on Market50
Property Features for 1342 N 4th Street
General Information
Property type
Property subtype
Zoning description
Parking features
Subdivision
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Standard status
APN
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
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Amenities
outdoor space
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Coldwell Banker Apex, REALTORS
(325) 690-4000
Listed By:
Jan McCaslin · License TX #0573817
(972) 208-8797
Added: Sep 24
Changed: Nov 7
Last Checked: Nov 12 at 6:06PM
MLS# 21394811
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.
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Investment Insights
Based on property information with market context.
Dating to 1914, this wood-sided office property contains approximately 4,400 square feet across two levels. Original interior details include fir floors and walls, period light fixtures, embossed wallpaper, and pocket doors. Ceilings exceed 10 feet, and 49 original windows bring natural light into the building. Six exterior entrances serve the interior, including a dedicated entrance for a separate office area.
The second floor has three large rooms, each with walk-in closet space, along with two full bathrooms. A further full bathroom is located downstairs. Eleven closets are distributed throughout the property. The site encompasses 0.368 acres and includes covered carport parking with alley access.
The second floor has three large rooms, each with walk-in closet space, along with two full bathrooms. A further full bathroom is located downstairs. Eleven closets are distributed throughout the property. The site encompasses 0.368 acres and includes covered carport parking with alley access.
Key Highlights
- Approximately 4,400 SF in a building constructed in 1914
- 0.368‑acre site
- Six exterior entrances, including one serving a separate office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,807
Cap Rate
8.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$976,140
$976.1K
Cap Rate 7%
$697,243
$697.2K
Cap Rate 9%
$542,300
$542.3K
Market Conditions
NOI Build-Up for 4,400 SF
Gross rent
$76.6K $17.40/SF
− Vacancy
−$11.5K −$2.61/SF
EGI
$65.1K $14.79/SF
− OpEx
−$16.3K −$3.70/SF
NOI
$48.8K $11.09/SF
Area
Abilene, TX
Vacancy
15.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$976,140
Cap Rate 7%
$697,243
Cap Rate 9%
$542,300
Alternative Uses
Best Use
Office B
$697.2K
$610.1K – $813.5K
NOI $48,807 @ 7.0% cap · market cap 8.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$982.4K
$859.6K – $1.15M
NOI $68,767 @ 7.0% cap · market cap 12.17%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,525
Businesses Nearby
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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
$182,900
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in Abilene, TX
Properties on Market for Office buildings in Abilene
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - A two-level layout includes multiple rooms, separate exterior entrances, and substantial built-in storage.
Where is this office building located?
The property is located at 1342 N 4th Street Abilene, TX.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: Approximately 4,400 SF in a building constructed in 1914; 0.368‑acre site; Six exterior entrances, including one serving a separate office
