Storefront
New
For Sale
$495,000
181 S Pioneer Dr, Abilene, TX 79605
A 5,000-square-foot commercial building zoned GC offers a defined storefront presence.
Property Size5,000 SF
Price / SF$99
Days on Market3
Property Features for 181 S Pioneer Dr
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Retail
Zoning
GC
Site & Location
Neighborhood
Elmwood Area
Building Details
Building Size
5,000 SF
Listing Agency:
Paul Johnson & Associates
Listed By:
Erik Paul Johnson · License #TX #415535-B
(325) 439-0186
Source:
Pauljohnsonrealtors
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 24 at 1:55PM
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 Paul Johnson & Associates
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This storefront property is a 5,000 SF building at 181 S Pioneer Dr in Abilene, Texas. GC zoning is identified for the site.
Key Highlights
- 5,000 SF building
- GC zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,504
Cap Rate
8.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$850,080
$850.1K
Cap Rate 7%
$607,200
$607.2K
Cap Rate 9%
$472,267
$472.3K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$66.0K $13.20/SF
− Vacancy
−$5.3K −$1.06/SF
EGI
$60.7K $12.14/SF
− OpEx
−$18.2K −$3.64/SF
NOI
$42.5K $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%
$850,080
Cap Rate 7%
$607,200
Cap Rate 9%
$472,267
Alternative Uses
Best Use
Retail
$607.2K
$531.3K – $708.4K
NOI $42,504 @ 7.0% cap · market cap 8.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.12M
$976.8K – $1.30M
NOI $78,144 @ 7.0% cap · market cap 15.79%
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
653
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79605, TX
30,239
Population
12,795
Households
2.4
Avg Household Size
35
Median Age
25%
College-Educated
87%
High-School Grad
11.0 sq mi
ZIP Area
2,749
Density / Sq Mi
$59,565
Median Household Income
$33,537
Median Earnings
$1,077
Median Rent
$159,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- The Twisted Rose Florist — 729 S Leggett Dr, Abilene, TX 79605
Frequently Asked Questions
What type of property is this?
Storefront property - A 5,000-square-foot commercial building zoned GC offers a defined storefront presence.
Where is this storefront property located?
The property is located at 181 S Pioneer Dr Abilene, TX.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 5,000 SF building; GC zoning
