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    Flex Retail-Warehouse with Yard Title is generated by Realmo AI

    1926 N 1st Street, Abilene, TX 79603

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    For Lease
    $2,400/Mo $8 SF/Yr (calc)

    COMMERCIAL - Abilene, TX

    Type:Retail
    Property size:
    3,500 SF
    Lot size:
    0.16 Acres
    Added:
    Dec 29, 2025
    Days on Market:
    157
    Last Refresh:
    Jun 4 at 7:06 pm

    Property Features for 1926 N 1st Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Parking features
    On Street, Alley, Off Street
    Standard status
    Active
    APN
    61549
    Lot size
    0.16 Acres

    Taxes and HOA fees

    Tax Description
    OT ABILENE BLK 206 CRAFT, BLOCK 2-2, LOT E50

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1972
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Concrete, Carpet
    Building materials
    Brick, MetalSiding
    Roof type
    Tar/Gravel

    We can help!

    Listing Contact
    Mitch Barnett

    Listing agent Mitch Barnett License #0574772

    Listing office Barnett & Hill Abilene, TX

    Listing date Dec 29, 2025

    MLS# 20968294

    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.

    HighLights

    • 3,500 SF commercial building built in 1972 with brick and metal siding exterior
    • Zoned General Commercial, allowing just about any commercial use (per remarks)
    • Two‑sided layout: west side has entry/retail area, two offices, and garage/warehouse space with overhead door
    • East side is wide open and can be split into two units or combined through two doors to each side
    • Each side includes bathrooms; fenced yard behind the building with a double gate
    • Utilities include public water and public sewer; central heating and central air; roof is tar/gravel

    Overview

    This 3,500 SF general commercial building is designed for flexible operations. The west side includes an entry/retail area with two offices, plus a garage or warehouse area behind the offices with an overhead door that opens to yard space. The east side is wide open, providing adaptable layout options for a variety of commercial uses.

    The property can operate as two separate units or as one combined space, with two doors allowing access between the west and east sides. Bathrooms are available on both sides, and a large fenced yard sits directly behind the building with a double gate for controlled access.

    Zoned General Commercial, the building allows just about any commercial use, making it a practical option for businesses that want both customer-facing frontage and functional back-of-house space. The combination of office areas, warehouse functionality, and a secured yard supports tenants looking for room to manage retail, service, or light commercial activity in a single facility.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Happy Shack Spa & Massage Center

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Abilene
    County
    Taylor
    State
    Texas
    Longitude
    -99.745511
    Latitude
    32.450632

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    FAQs

    What type of property is this?
    Retail space - Flexible general commercial building with office/warehouse layout, yard access, and option for two separate units.
    Where is this retail space located?
    The property is located at 1926 N 1st Street Abilene, TX.
    What is the lease rate?
    The lease rate is $2,400 /Mo.
    What are key features of this property?
    This property features: 3,500 SF commercial building built in 1972 with brick and metal siding exterior; Zoned General Commercial, allowing just about any commercial use (per remarks); Two‑sided layout: west side has entry/retail area, two offices, and garage/warehouse space with overhead door
    (325) 677-3500
    We can help!
    Listing Contact
    Mitch Barnett
    Real Estate License ID: 0574772
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    1926 N 1st Street, Abilene, TX 79603
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