Flex Space with
1541 S Treadaway Boulevard, Abilene, TX 79602
For Sale
$1,400,000
CommercialSale, Abilene, TX
Property Size6,142 SF
Lot Size0.67 Acres
Price / SF$227.94
Days on Market21
Property Features for 1541 S Treadaway Boulevard
General Information
Property type
Property subtype
Zoning description
Parking features
Subdivision
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
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Water source
Building Details
Year built
Floors in Building
Number of units
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Listing Agency:
Tommy Simons (office)
Listed By:
Tommy Simons · License TX #0583499
(325) 721-8800
Added: Oct 24
Changed: Nov 13
Last Checked: Nov 13 at 7:06PM
MLS# 21396044
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.
This 6,142-square-foot flex property combines a showroom with a climate-controlled, insulated warehouse. The building includes two upstairs offices overlooking the main floor, two restrooms, a double-wide roll-up door, and large industrial ceiling fans. LED lighting was added in both the showroom and warehouse, and the property has concrete flooring, central heating and air conditioning, and a parking lot.
The building and land are being offered without the operating business, which will relocate. The property occupies a 0.667-acre parcel at 1541 S Treadaway Boulevard in Abilene. Public water and sewer serve the site.
The building and land are being offered without the operating business, which will relocate. The property occupies a 0.667-acre parcel at 1541 S Treadaway Boulevard in Abilene. Public water and sewer serve the site.
Key Highlights
- 6,142‑square‑foot building on 0.667 acres
- Showroom and insulated, climate‑controlled warehouse
- Two upstairs offices overlook the main floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,212
Cap Rate
3.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,044,240
$1.0M
Cap Rate 7%
$745,886
$745.9K
Cap Rate 9%
$580,133
$580.1K
Market Conditions
NOI Build-Up for 6,142 SF
Gross rent
$81.1K $13.20/SF
− Vacancy
−$6.5K −$1.06/SF
EGI
$74.6K $12.14/SF
− OpEx
−$22.4K −$3.64/SF
NOI
$52.2K $8.50/SF
Area
Abilene, TX
Vacancy
8.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,044,240
Cap Rate 7%
$745,886
Cap Rate 9%
$580,133
Alternative Uses
Best Use
Retail
$745.9K
$652.7K – $870.2K
NOI $52,212 @ 7.0% cap · market cap 3.73%
Second Best
Flex RnD
$739.8K
$647.4K – $863.1K
NOI $51,788 @ 7.0% cap · market cap 3.70%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $95,992 @ 7.0% cap · market cap 6.86%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
381
Businesses Nearby
Balanced
Demand for This Use
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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
$233,000
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Abilene, TX
Properties on Market for Flex space in Abilene
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Joe Allen's Pit Bar-B-Que — 301 S 11th St, Abilene, TX 79602
- Allen's Joe Lytle Bend Pvln — 301 S 11th St, Abilene, TX 79602
- Joe Allen's Catering — 1185 China St, Abilene, TX 79602
Frequently Asked Questions
What type of property is this?
Flex space - A renovated commercial building pairs customer-facing showroom space with a climate-controlled warehouse and upstairs offices.
Where is this flex space located?
The property is located at 1541 S Treadaway Boulevard Abilene, TX.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 6,142‑square‑foot building on 0.667 acres; Showroom and insulated, climate‑controlled warehouse; Two upstairs offices overlook the main floor
