1450 FM 605 Hawley, TX 79525
COMMERCIAL - Hawley, TX
Property Features for 1450 FM 605
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Garage, RV, Open
- Standard status
- Active
- APN
- R28452
- Size
- 2,865 SF
- Lot size
- 4.81 Acres
Taxes and HOA fees
- Tax Description
- A0282 247 A NORTHINGTON, ACRES 4.81
Utilities
- Utilities
- Propane
- Sewer type
- Aerobic Septic
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air
Building Details
- Year built
- 1938
- Floors in Building
- 1
- Number of units
- 1
- Building materials
- Brick
- Roof type
- Shingle
Listing agent Tommy Simons License #0583499 (325) 721-8800
Listing office Tommy Simons (office) Abilene, TX (325) 721-8800
Listing date Jul 10, 2026
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.
The property includes an on-site rental home situated on approximately 1.75 acres, providing income while the RV park is being developed. The home is described as a pre-war natural-stone residence with over 2,800 square feet of living space, offering 4 bedrooms and 2 baths. It also features a two-car garage with two separate doors.
For investors and developers looking for a site that is ready to proceed, the combination of cleared land, installed water service, and completed utility/septic planning can help streamline early project execution. The location is described as very near two major data center project sites, balancing a country setting with proximity to nearby large-scale development activity.
Key Highlights
- Approximately 4.81 acres with plans for a 25‑site RV park and an already completed proposed layout for water lines and septic system
- Water meter is installed, and the land is fully cleared for development
- On‑site rental home on approximately 1.75 acres: 4 bedrooms, 2 baths, and over 2,800 sq ft living space
Local Financial Insights For Apartment 5plus
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 | $42.3k | $14.76 |
| − Vacancy | −$2.3k | −$0.81 |
| EGI | $40.0k | $13.95 |
| − OpEx | −$18.0k | −$6.28 |
| NOI | $22.0k | $7.67 |
