Leased NNN Commercial
For Sale
$350,000
1917 S 20th St, Abilene, TX 79602
Fully leased salon property with electric service and asphalt exterior surfacing.
Property Size3,100 SF
Price / SF$112.90
Days on Market54
Property Features for 1917 S 20th St
General Information
Standard status
Active
Size
3,100 SF
Occupancy
100%
Building Details
Year Built
1983
Listing Agency:
Coldwell Banker Apex, REALTORS
Listed By:
Chad Chaney · License #0588387
(325) 690-4000
Source:
Heritance
Added: Aug 26
Changed: Oct 10
Last Checked: Oct 7 at 5:36PM
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 Coldwell Banker Apex, REALTORS
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Investment Insights
Based on property information with market context.
Located at 1917 20th Street in Abilene, Texas, this 3,100-square-foot commercial property is fully leased to a salon under a NNN lease structure. The building was constructed in 1983 and includes electric service. Exterior features include curbs, a walk, and asphalt surfacing. The existing lease provides ongoing lease income for the property owner.
Key Highlights
- Fully leased salon property under a NNN lease structure
- 3,100 square feet of commercial building area
- 1983 construction year
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,352
Cap Rate
7.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$527,040
$527.0K
Cap Rate 7%
$376,457
$376.5K
Cap Rate 9%
$292,800
$292.8K
Market Conditions
NOI Build-Up for 3,100 SF
Gross rent
$40.9K $13.20/SF
− Vacancy
−$3.3K −$1.06/SF
EGI
$37.6K $12.14/SF
− OpEx
−$11.3K −$3.64/SF
NOI
$26.4K $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%
$527,040
Cap Rate 7%
$376,457
Cap Rate 9%
$292,800
Alternative Uses
Best Use
Retail
$376.5K
$329.4K – $439.2K
NOI $26,352 @ 7.0% cap · market cap 7.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$692.1K
$605.6K – $807.5K
NOI $48,449 @ 7.0% cap · market cap 13.84%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
512
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
NNN property - Fully leased salon property with electric service and asphalt exterior surfacing.
Where is this nnn property located?
The property is located at 1917 S 20th St Abilene, TX.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Fully leased salon property under a NNN lease structure; 3,100 square feet of commercial building area; 1983 construction year
