The Big Red
1402 S Clack Street Abilene, TX 79605
1402 S Clack Street, Abilene, TX, 79605
$1,500,000
For Sale
$1,500,000
Showroom, office, workshop, and warehouse space available for purchase.
Property Size12,888 SF
Price / SF$116.39
Days on Market87
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 Checked: Jul 16 at 1:56 pm
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.
Local 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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Casey Carpet One ...
Construction Company
Similar For Sale Nearby
Similar Off Market Nearby
- Knife & Whisk Creative Kitchen & Catering — 3222 S 27th St, Abilene, TX 79605
FAQs
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.
