Historic Office
New
For Sale
$565,000
1342 N 4th Street, Abilene, TX 79601
CommercialSale, Abilene, TX
Property Size4,400 SF
Lot Size0.37 Acres
Price / SF$128.41
Days on Market4
Property Features for 1342 N 4th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
CB
Parking features
Carport, Alley, Covered
Subdivision
Ot Abilene
Directions
From North 1st Street, drive East towards the Abilene downtown area. Our left on Hickory Street, turn left onto North 4th, home will be on right. There is no sign.
Standard status
Active
APN
28109
Lot size
0.37 Acres
Taxes and HOA fees
Tax Description
OT ABILENE, BLOCK 45, LOT 9 & W90 LTS 7-8
Tax Annual Amount
4058
Legal Description
OT ABILENE, BLOCK 45, LOT 9 & W90 LTS 7-8
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Building Details
Year built
1914
Floors in Building
2
Number of units
1
Flooring type
Wood
Building materials
WoodSiding
Roof type
Composition
Listing Agency:
Coldwell Banker Apex, REALTORS
(325) 690-4000
Listed By:
Jan McCaslin · License #0573817
(972) 208-8797
Added: Sep 24
Last Checked: Sep 27 at 2:06PM
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.
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 = 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
$48,807
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
8.64%
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%
$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
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
$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 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%
$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.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,525
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 Office in South region
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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
