Historic Office
New
For Sale
$1,285,000
1466 N 1st Street, Abilene, TX 79601
Separate HVAC systems serve each level, allowing independent climate control throughout the building.
Property Size4,284 SF
Price / SF$299.95
Days on Market4
Property Features for 1466 N 1st Street
General Information
Standard status
Active
Size
4,284 SF
Property subtype
Commercial
Zoning
CB
Building Details
Building Size
4,284 SF
Year Built
1909
Buildings
1
Stories
3
Units
1
Listing Agency:
Trinity Ranch Land Cross Plain
(254) 725-4181
Listed By:
Karen Lenz · License #0432195
(325) 668-3604
Source:
Bourquinrealty
Added: Oct 19
Changed: Oct 22
Last Checked: Oct 22 at 2:13PM
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 Trinity Ranch Land Cross Plain
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Completed in 1909, this three-story office property contains 4,284 square feet, with 1,428 square feet on each level. Its interior includes 10 additional rooms, an updated kitchen, one full bath, and two half baths. Original hardwood flooring, high ceilings, large windows, crown molding, and period details distinguish the upper floors; two rooms retain antique fireplaces with custom wood surrounds. Exposed brick and stained concrete characterize the lower level, which also has washer and dryer connections. Multiple entrances, updated windows, and separate HVAC systems for each floor add to the building’s configuration.
The property was first used by the U.S. Weather Bureau and later served as a business school and corporate offices. A concrete parking area provides off-street parking, while mature oak trees and a sprinkler-served lawn occupy the grounds.
The property was first used by the U.S. Weather Bureau and later served as a business school and corporate offices. A concrete parking area provides off-street parking, while mature oak trees and a sprinkler-served lawn occupy the grounds.
Key Highlights
- 4,284 SF across three floors, with 1,428 SF on each level
- Built in 1909 as a U.S. Weather Bureau facility
- 10 additional rooms, an 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
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Separate HVAC systems serve each level, allowing independent climate control throughout the building.
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 across three floors, with 1,428 SF on each level; Built in 1909 as a U.S. Weather Bureau facility; 10 additional rooms, an updated kitchen, one full bath, and two half baths
