Historic Office
New
For Sale
$1,285,000
1466 N 1st Street, Abilene, TX 79601
CommercialSale, Abilene, TX
Property Size4,284 SF
Lot Size0.30 Acres
Price / SF$299.95
Days on Market3
Property Features for 1466 N 1st Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
CB
Parking features
Parking Lot
Subdivision
Ot Abilene
Lot features
Corner Lot, Hardwood Trees, Sprinkler System
Directions
Located on the corner of N. 1st and Beech. GPS works perfectly.
Standard status
Active
APN
58827
Lot size
0.30 Acres
Taxes and HOA fees
Tax Description
OT ABILENE, BLOCK 79, LOT 12-13-14-15
Tax Annual Amount
8150
Legal Description
OT ABILENE, BLOCK 79, LOT 12-13-14-15
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Ceiling Fan(s), Central Air, Electric
Water source
Public
Amenities
updated kitchen
original hardwood floors
tall ceilings
large windows
crown molding
antique fireplaces
grand staircase
exposed brick walls
stained concrete floors
Building Details
Year built
1909
Floors in Building
3
Number of units
1
Flooring type
Concrete, Hardwood, Tile
Building materials
Brick, Concrete
Roof type
Synthetic
Listing Agency:
Trinity Ranch Land Cross Plain
(254) 725-4181
Listed By:
Karen Lenz · License #0432195
(254) 442-4181
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 16 at 12:06AM
MLS# 21411069
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.
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Investment Insights
Based on property information with market context.
Built in 1909, this three-story office property contains 4,284 square feet, with 1,428 square feet on each level. The interior includes 10 additional rooms, an updated kitchen, one full bath, and two half baths. Original hardwood floors, tall ceilings, large windows, crown molding, and two antique fireplaces with custom wood surrounds remain on the upper floors. The lower level has exposed brick, stained concrete flooring, and washer and dryer connections. Updated windows and separate HVAC systems serve each floor; multiple entrances support flexible circulation.
The 0.298-acre parcel includes a lawn shaded by mature oak trees, a sprinkler system, and a concrete parking lot. Public water and sewer serve the property.
The 0.298-acre parcel includes a lawn shaded by mature oak trees, a sprinkler system, and a concrete parking lot. Public water and sewer serve the property.
Key Highlights
- 4,284 SF building with 1,428 SF per level
- Three stories; built in 1909
- 10 additional rooms, updated kitchen, one full bath and two half baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,520
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$950,400
$950.4K
Cap Rate 7%
$678,857
$678.9K
Cap Rate 9%
$528,000
$528.0K
Market Conditions
NOI Build-Up for 4,284 SF
Gross rent
$74.5K $17.40/SF
− Vacancy
−$11.2K −$2.61/SF
EGI
$63.4K $14.79/SF
− OpEx
−$15.8K −$3.70/SF
NOI
$47.5K $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 Rate 5%
$950,400
Cap Rate 7%
$678,857
Cap Rate 9%
$528,000
Alternative Uses
Best Use
Office B
$678.9K
$594.0K – $792.0K
NOI $47,520 @ 7.0% cap · market cap 3.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$956.5K
$836.9K – $1.12M
NOI $66,954 @ 7.0% cap · market cap 5.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,665
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - A three-level layout combines period details, updated systems, and flexible rooms suited to a range of commercial configurations.
Where is this office building located?
The property is located at 1466 N 1st Street Abilene, TX.
What is the asking price?
The asking price for this property is $1,285,000.
What are key features of this property?
This property features: 4,284 SF building with 1,428 SF per level; Three stories; built in 1909; 10 additional rooms, updated kitchen, one full bath and two half baths
