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    Warehouse and Showroom Flex Building Title is generated by Realmo AI

    1402 S Clack Street, Abilene, TX 79605

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    For Sale
    $1,500,000

    SINGLE_FAMILY - Abilene, TX

    Type:Retail
    Lot size:
    0.58 Acres
    Added:
    Jan 15, 2026
    Days on Market:
    142
    Last Refresh:
    Jun 6 at 9:06 am

    Property Features for 1402 S Clack Street

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Parking features
    Parking Lot
    Standard status
    Active
    APN
    68748
    Lot size
    0.58 Acres

    Taxes and HOA fees

    Tax Description
    JOE CASEY TILE CO SUBDIVISION, BLOCK 1, ACRES
    Tax Annual Amount
    7010

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Natural Gas
    Cooling system
    Central Air, Electric
    Water source
    Public

    Building Details

    Year built
    1976
    Floors in Building
    2
    Number of units
    1
    Flooring type
    Carpet, Tile, Concrete
    Building materials
    Block, Frame
    Roof type
    Metal, Composition

    We can help!

    Listing Contact
    Chad Chaney
    Chad Chaney

    Listing agent Chad Chaney License #0588387

    Listing office Coldwell Banker Apex, REALTORS Plano, TX

    Listing date Jan 15, 2026

    MLS# 20800914

    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.

    HighLights

    • Big Red Barn‑style commercial building with showroom, office, workshop, and warehouse space
    • 2‑story front section with two staircases and open second‑floor area allowing a high ceiling for part of the 1st floor
    • Includes partitioned office and storage downstairs plus additional upstairs partitioned spaces
    • Transition area at the middle suitable for shop, production, or flex space, followed by warehouse area
    • Some fenced yard just off the warehouse/workshop for secured outdoor staging
    • Built in 1976; Central heating and central air; public water and public sewer; roof includes composition and metal

    Overview

    This property is a distinctive flex-style building commonly known as “The Big Red Barn,” offering a mix of showroom, office, workshop, and warehouse space in one configuration. The front entry faces east and opens into a merchandising display area that is two stories, supported by two staircases for access. An open second-floor area contributes to a very high ceiling height for part of the first floor, while multiple partitioned spaces provide office and storage downstairs and additional space upstairs.

    Continuing through the building, there is a transition area designed to accommodate shop use, production, or flex space shaped to an operator’s needs. Just beyond this middle section, the property opens into the warehouse for storage and product handling. Off the warehouse and workshop, there is a fenced yard suitable for more secure outdoor staging.

    Located in Abilene, Texas, this setup can work well for businesses seeking a visible front area for merchandise display alongside deeper warehouse capacity. The combination of offices, flexible production or shop space, and secured outdoor staging supports a range of light industrial and retail-adjacent operational models.
    Property Profile Location Intelligence

    Current Use by Public Records

    Casey Carpet One ... Construction Company

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Knife & Whisk Creative Kitchen & Catering — 3222 S 27th St, Abilene, TX 79605

    Location Insight

    • Map
    • Local Demand
    City
    Abilene
    County
    Taylor
    State
    Texas
    Longitude
    -99.787984
    Latitude
    32.432386

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    FAQs

    What type of property is this?
    Flex space - A flexible, two-story showroom-and-warehouse layout with office areas, workshop/production space, and secured outdoor staging.
    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: Big Red Barn‑style commercial building with showroom, office, workshop, and warehouse space; 2‑story front section with two staircases and open second‑floor area allowing a high ceiling for part of the 1st floor; Includes partitioned office and storage downstairs plus additional upstairs partitioned spaces
    (972) 208-8797
    We can help!
    Listing Contact
    Chad Chaney
    Chad Chaney
    Real Estate License ID: 0588387
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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