The Big Red
For Sale
$1,500,000
1402 S Clack Street, Abilene, TX 79605
Showroom, office, workshop, and warehouse space available for purchase.
Property Size12,888 SF
Price / SF$116.39
Days on Market102
Property Features for 1402 S Clack Street
General Information
Standard status
Active
Size
12,888 SF
Property subtype
Commercial
Building Details
Year Built
1976
Listing Agency:
Coldwell Banker Apex, REALTORS
(325) 690-4000
Listed By:
Chad Chaney · License #0588387
(325) 725-6641
Source:
Signaturere
Added: Apr 22
Changed: Jul 10
Last Checked: Jul 31 at 1:21PM
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.
This property, known as THE BIG RED BARN, offers showroom, office, workshop, and warehouse space. The front door faces east, inviting customers into a sprawling space suitable for merchandise display. This section of the building is two stories, featuring two staircases for access. The second floor is open in the middle, creating a high ceiling height for a portion of the first floor. There are partitioned spaces for offices and storage on both floors. Continuing through the building, a transition area can serve as a shop space, production area, or flex space. Behind this middle section is the warehouse, providing ample room for product storage. A small fenced yard is located off the warehouse and workshop for secured outdoor staging. The property has a total size of 12888 square feet.
Key Highlights
- Sprawling space suitable for showroom, office, workshop, and warehouse use.
- Two‑story structure with high ceilings in the showroom area.
- Flexible shop/production area that can be conformed to various needs.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $170.1k | $13.20 |
| − Vacancy | −$13.6k | −$1.06 |
| EGI | $156.5k | $12.14 |
| − OpEx | −$47.0k | −$3.64 |
| NOI | $109.6k | $8.50 |
12,888 SF · lease $13.20/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.57M
$1.37M – $1.83M
NOI $109,558 @ 7.0% cap · market cap 7.30%
Second Best
Flex RnD
$1.55M
$1.36M – $1.81M
NOI $108,669 @ 7.0% cap · market cap 7.24%
Theoretical Best
Office A
$2.88M
$2.52M – $3.36M
NOI $201,424 @ 7.0% cap · market cap 13.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
787
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79605, TX
30,239
Population
12,795
Households
2.4
Avg Household Size
35
Median Age
25%
College-Educated
87%
High-School Grad
11.0 sq mi
ZIP Area
2,749
Density / Sq Mi
$59,565
Median Household Income
$33,537
Median Earnings
$1,077
Median Rent
$159,800
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Showroom, office, workshop, and warehouse space available for purchase.
Where is this flex space located?
The property is located at 1402 S Clack Street Abilene, TX.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Sprawling space suitable for showroom, office, workshop, and warehouse use.; Two‑story structure with **high ceilings in the showroom area.**; Flexible shop/production area that can be conformed to various needs.
