Historic Office
New
For Sale
$565,000
1342 N 4th Street A, Abilene, TX 79601
Multiple exterior entrances and a flexible interior layout accommodate a range of commercial configurations.
Property Size4,364 SF
Price / SF$129.47
Days on Market5
Property Features for 1342 N 4th Street A
General Information
Standard status
Active
Size
4,364 SF
Building Details
Year Built
1914
Listing Agency:
Coldwell Banker Apex, REALTORS
Listed By:
Jan McCaslin · License #0573817
(325) 690-4000
Source:
Heritance
Added: Sep 29
Changed: Oct 2
Last Checked: Oct 2 at 11:04PM
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 Coldwell Banker Apex, REALTORS
Investment Insights
Based on property information with market context.
Built in 1914, this office property contains 4,364 square feet arranged across two floors. Original features include fir wood floors and walls, ceilings over 10 feet, 49 windows, period light fixtures, embossed wallpaper, and pocket doors. Six exterior entrances connect to the interior, including a dedicated entrance for a private office. The building also has 11 closets, three full bathrooms, and outdoor space.
The second floor includes three oversized rooms, each with 10-foot ceilings and walk-in closets. The room configuration supports offices, meeting areas, private suites, reception, and gathering spaces. Other applications may be subject to zoning and applicable regulations.
The second floor includes three oversized rooms, each with 10-foot ceilings and walk-in closets. The room configuration supports offices, meeting areas, private suites, reception, and gathering spaces. Other applications may be subject to zoning and applicable regulations.
Key Highlights
- 4,364‑square‑foot office building constructed in 1914
- Six exterior entrances, including one serving a dedicated office
- 49 original windows and ceilings exceeding 10 feet
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
$48,408
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
8.57%
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%
$968,160
$968.2K
Cap Rate 7%
$691,543
$691.5K
Cap Rate 9%
$537,867
$537.9K
Market Conditions
NOI Build-Up for 4,364 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
$75.9K $17.40/SF
− Vacancy
−$11.4K −$2.61/SF
EGI
$64.5K $14.79/SF
− OpEx
−$16.1K −$3.70/SF
NOI
$48.4K $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%
$968,160
Cap Rate 7%
$691,543
Cap Rate 9%
$537,867
Alternative Uses
Best Use
Office B
$691.5K
$605.1K – $806.8K
NOI $48,408 @ 7.0% cap · market cap 8.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$974.3K
$852.6K – $1.14M
NOI $68,204 @ 7.0% cap · market cap 12.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Multiple exterior entrances and a flexible interior layout accommodate a range of commercial configurations.
Where is this office building located?
The property is located at 1342 N 4th Street A 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: 4,364‑square‑foot office building constructed in 1914; Six exterior entrances, including one serving a dedicated office; 49 original windows and ceilings exceeding 10 feet
