Flex Space with
For Sale
$525,000
1939 S Treadaway Boulevard, Abilene, TX 79602
CommercialSale, Abilene, TX
Property Size6,912 SF
Lot Size0.35 Acres
Price / SF$75.95
Days on Market81
Property Features for 1939 S Treadaway Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Heavy Industrial
Parking features
Parking Lot
Security features
Security
Subdivision
Kemper Of Bowyer Sub
Lot features
Level
Directions
East side of South treadway , almost to the Y of oak st
Standard status
Active
APN
45162
Size
6,912 SF
Lot size
0.35 Acres
Taxes and HOA fees
Tax Description
KEMPER OF BOWYER, BLK 3, LOT 101 REP, AC .353
Tax Annual Amount
8494
Legal Description
KEMPER OF BOWYER, BLK 3, LOT 101 REP, AC .353
Utilities
Sewer type
Public Sewer
Heating system
Central, Natural Gas
Cooling system
Electric, Central Air
Water source
Public
Amenities
2 restrooms
3 overhead doors
Building Details
Year built
1949
Floors in Building
1
Number of units
1
Flooring type
Concrete
Building materials
Block, MetalSiding
Roof type
Flat
Listing Agency:
Hatchett & Co. Real Estate
Listed By:
Lisa Rosenbaum
(325) 695-7300
Added: Aug 4
Changed: Oct 22
Last Checked: Oct 23 at 7:06PM
MLS# 21348694
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 flex property pairs finished showroom and office space with multiple shop areas. The front portion includes 2,000 square feet and two restrooms, while the attached shop offers 4,000 square feet and three overhead doors. A separate 912-square-foot shop and 1,680 square feet of additional shop and shed space with a built-in wash bay round out the improvements.
The 0.353-acre parcel is level and partially fenced, with a gate at the front. Heavy Industrial zoning is in place, and the property is served by public water and sewer. Central heating and cooling, concrete flooring, and a parking lot are among the building and site features.
The 0.353-acre parcel is level and partially fenced, with a gate at the front. Heavy Industrial zoning is in place, and the property is served by public water and sewer. Central heating and cooling, concrete flooring, and a parking lot are among the building and site features.
Key Highlights
- Heavy Industrial zoning
- 2,000 square feet of finished showroom and office space with two restrooms
- Attached 4,000‑square‑foot shop with three overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,884
Cap Rate
8.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$937,680
$937.7K
Cap Rate 7%
$669,771
$669.8K
Cap Rate 9%
$520,933
$520.9K
Market Conditions
NOI Build-Up for 6,912 SF
Gross rent
$70.5K $10.20/SF
− Vacancy
−$3.5K −$0.51/SF
EGI
$67.0K $9.69/SF
− OpEx
−$20.1K −$2.91/SF
NOI
$46.9K $6.78/SF
Area
Abilene, TX
Vacancy
5.00%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$937,680
Cap Rate 7%
$669,771
Cap Rate 9%
$520,933
Alternative Uses
Best Use
Retail
$839.4K
$734.5K – $979.3K
NOI $58,758 @ 7.0% cap · market cap 11.19%
Second Best
Flex RnD
$832.6K
$728.5K – $971.4K
NOI $58,281 @ 7.0% cap · market cap 11.10%
Theoretical Best
Office A
$1.54M
$1.35M – $1.80M
NOI $108,026 @ 7.0% cap · market cap 20.58%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
333
Businesses Nearby
Under-served
Demand for This Use
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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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - A gated, partially enclosed site combines customer-facing space with several shop areas and a built-in wash bay.
Where is this flex space located?
The property is located at 1939 S Treadaway Boulevard Abilene, TX.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Heavy Industrial zoning; 2,000 square feet of finished showroom and office space with two restrooms; Attached 4,000‑square‑foot shop with three overhead doors
