Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    General Commercial Flex Building Title is generated by Realmo AI

    1926 N 1st Street, Abilene, TX 79603

    View on Map
    Claim this Listing
    For Sale
    $215,000

    SINGLE_FAMILY - Abilene, TX

    Type:Retail
    Property size:
    3,500 SF
    Lot size:
    0.16 Acres
    Price / SF:
    $61/SF
    Added:
    Dec 29, 2025
    Days on Market:
    157
    Last Refresh:
    Jun 4 at 4:06 pm

    Property Features for 1926 N 1st Street

    General Information

    Property type
    Residential
    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
    Tax Annual Amount
    4279

    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# 20387887

    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 General Commercial building with flexible layout—can be separated into two units or combined through two connecting doors
    • Currently leased for $1,995/month through March 15, 2024 (tenant may request additional months while finishing a local construction project)
    • West side includes retail/entry area with two offices plus a garage/warehouse area behind offices with an overhead door to the yard
    • East side is wide open, with bathrooms on both sides of the building
    • Large fenced yard directly behind the building with a double gate
    • Utilities and major systems: central heating, central air, public water, and public sewer; brick and metal siding; tar/gravel roof

    Overview

    This 3,500-square-foot flex building is zoned General Commercial and is currently leased at $1,995 per month through March 15, 2024, with potential for a brief extension while the tenant completes a local construction project. The west side includes an entry/retail area with two offices, plus a garage or warehouse area behind the offices with an overhead door providing access to the yard space. The east side is wide open. The building is set up to function as two units or as one combined space through two doors, and both sides include bathrooms.

    Located at 1926 N 1st Street in Abilene, TX 79603 (Taylor County), the property includes a large fenced yard directly behind the building. The yard features a double gate, supporting practical outdoor storage and flexible staging needs.

    With its combination of office space, open area, and overhead-door connectivity to a secure yard, this property is well suited for service-oriented tenants, light distribution, or operators who need both functional workspace and a bit of outdoor staging. The ability to operate as two units or a single larger footprint can also appeal to buyers planning for tenant flexibility.
    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.

    Similar Places Nearby

    • Sodexo — 241 Pine St, Abilene, TX 79601
    • Haley Jo on the Go — 244 Pine St, Abilene, TX 79601

    Location Insight

    • Map
    • Local Demand
    City
    Abilene
    County
    Taylor
    State
    Texas
    Longitude
    -99.745502
    Latitude
    32.450626

    Nearby Similar for Sale

    • $985,000

      Turnkey Automotive Repair & Specialty Shop

      Fully equipped repair and specialty shop with multiple lifts, alignment systems, and a fenced side yard for operations.
      409 N Treadaway Boulevard, Abilene, TX 79601
      View Details
    • $699,000

      Automotive Service and Sales Facility

      Freestanding auto repair and sales building with multiple roll-up bays, wash area, showroom, and a fully fenced yard.
      881 Pine Street, Abilene, TX 79601
      View Details
    • $500,000

      Restaurant Property with Attached Residence

      Legacy restaurant site with a large bar area and an attached family home, zoned for on-site-serving restaurants and bars.
      209 Cottonwood Street, Abilene, TX 79601
      View Details
    • $2,350,000

      Restaurant Property with Outdoor Patio

      A built-in 1985 restaurant with multiple dining rooms, an outdoor patio, and a second-story party room supported by extensive parking.
      4109 Ridgemont Drive, Abilene, TX 79606
      View Details
    • $2,500,000

      Turnkey Metal Fabrication Warehouse

      Zoned HC warehouse with attached office and outdoor storage, plus included fabrication equipment for immediate operation.
      809 S 7th Street, Abilene, TX 79602
      View Details
    • $650,000

      High-Visibility Car Wash Property

      Turnkey car wash on a high-traffic corridor with strong site access and GC zoning for automotive or retail use.
      4410 S Clack Street, Abilene, TX 79606
      View Details
    • $775,000

      Mixed-Use Office Building with Reception

      Well-built office property with multiple restroom facilities and a welcoming reception, suited for professional or service-oriented uses.
      2769 S Treadaway Boulevard, Abilene, TX 79602
      View Details
    • $750,000

      Heavy Industrial Flex Property with Fenced Yard

      Two-building heavy industrial package with showroom/office, shop, storage, and a fenced yard for operational flexibility and visibility.
      1939 S Treadaway Boulevard, Abilene, TX 79602
      View Details
    • $1,550,000

      Office Building with Patio

      A well-appointed office building with suites, private offices, conference space, and an indoor-outdoor patio setting.
      4357 S Treadaway Boulevard, Abilene, TX 79602
      View Details
    • $850,000

      Turnkey Renovated Office Space

      Newly renovated office layout with private offices, conference space, reception, and ample parking for an immediate move-in.
      2230 Industrial Boulevard, Abilene, TX 79602
      View Details
    • $799,500

      Freestanding Medical Office Building

      Freestanding medical or professional space with multiple private rooms and on-site parking near major routes and Hendrick Medical Center.
      2426 Lincoln, Abilene, TX 79601
      View Details
    • $825,000

      Self-Service Car Wash Redevelopment Site

      High-visibility self-service car wash site with build-to-suit flexibility on a major thoroughfare.
      550 N Judge Ely Boulevard, Abilene, TX 79601
      View Details

    FAQs

    What type of property is this?
    Flex space - Zoned General Commercial flex space with offices, overhead door access, and a fenced yard with double gate.
    Where is this flex space located?
    The property is located at 1926 N 1st Street Abilene, TX.
    What is the asking price?
    The asking price for this property is $215,000.
    What are key features of this property?
    This property features: 3,500 SF General Commercial building with flexible layout—can be separated into two units or combined through two connecting doors; Currently leased for $1,995/month through March 15, 2024 (tenant may request additional months while finishing a local construction project); West side includes retail/entry area with two offices plus a garage/warehouse area behind offices with an overhead door to the yard
    (325) 677-3500
    We can help!
    Listing Contact
    Mitch Barnett
    Real Estate License ID: 0574772
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1926 N 1st Street, Abilene, TX 79603
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!