Building Details

Building Size 3,250 SF

Listing Agency: McCullar Properties Group LLC c***@mccullarproperties.com Show Phone

Listed By: Josh Rader · License #0661281 Show Phone

Source: Lonestarluxuryrealty

Added: Aug 16 Changed: Oct 14 Last Checked: Oct 15 at 12:41AM

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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 McCullar Properties Group LLC

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Investment Insights

Based on property information with market context.

This 3,250-square-foot flex property at 1518 14th St S is arranged around two connected areas with shared central access. Each area has its own grade-level garage door, supporting separate or combined use. One side includes office space, a closet, central heat and air, a kitchen, and a full bathroom with shower. The other offers a more industrial layout with restroom facilities.

A fenced rear yard provides secured outdoor space for storage, equipment, or related commercial activity. The property sits along a high-traffic thoroughfare with convenient access and visibility. Its configuration supports a range of documented commercial functions, including service, distribution, contractor, showroom, and warehouse operations. An owner-user can occupy the full facility or use part of the building while leasing the remainder.

Key Highlights

• 3,250 SF flex property with two connected functional areas
• Each area includes a grade‑level garage door
• Office side has central heat and air, kitchen, closet, and full bath with shower

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$22,045

Suggested Prices Based on Cap Rates

Cap Rate 5%

$440,900 $440.9K

Cap Rate 7%

$314,929 $314.9K

Cap Rate 9%

$244,944 $244.9K

What to ask about pricing

Market Conditions

NOI Build-Up for 3,250 SF

Gross rent

$33.2K $10.20/SF

− Vacancy

−$1.7K −$0.51/SF

EGI

$31.5K $9.69/SF

− OpEx

−$9.4K −$2.91/SF

NOI

$22.0K $6.78/SF

Area

Abilene, TX

Vacancy

5.00%

Lease Rate

$10.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$440,900

Cap Rate 7%

$314,929

Cap Rate 9%

$244,944

Alternative Uses

Best Use

Flex RnD

$391.5K

$342.5K – $456.7K (±1% cap)

NOI $27,403 @ 7.0% cap · market cap 685.07%

Second Best

Warehouse

$339.2K

$296.8K – $395.7K (±1% cap)

NOI $23,744 @ 7.0% cap · market cap 593.60%

Theoretical Best

Office A

$725.6K

$634.9K – $846.6K (±1% cap)

NOI $50,794 @ 7.0% cap · market cap 1,269.85%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Flatland Taxidermy Taxidermist

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Dental Office (Bike/Boat/Book/etc) Store Veterinary Clinic Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Drive-in doors

Yes

Fenced yard

Location Intelligence

Trade Area within ½ mile

473

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 79602, TX

25,389

Population

11,127

Households

2.3

Avg Household Size

36

Median Age

34%

College-Educated

91%

High-School Grad

121.7 sq mi

ZIP Area

209

Density / Sq Mi

$84,845

Median Household Income

$39,044

Median Earnings

$1,123

Median Rent

$233,000

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Two connected areas combine office amenities with a more industrial workspace configuration.

Where is this flex space located?

The property is located at 1518 14th st Abilene, TX.

What are key features of this property?

This property features: 3,250 SF flex property with two connected functional areas; Each area includes a grade‑level garage door; Office side has central heat and air, kitchen, closet, and full bath with shower