Commercial Land Near
New
For Sale
$1,300,000
2002 Jameson Street, Abilene, TX 79603
GC-zoned commercial property combines a sizable tract with existing gym and office improvements near a major interstate corridor.
Property Size9,000 SF
Price / SF$288.89
Days on Market3
Property Features for 2002 Jameson Street
General Information
Standard status
Active
Size
9,000 SF
Property subtype
Commercial
Zoning
GC
Building Details
Building Size
9,000 SF
Year Built
1950
Stories
1
Units
8
Listing Agency:
Redrock Realty Group
(325) 669-5151
Listed By:
Dylan Burnett · License #0833216
(325) 669-5151
Source:
Fullhouserealtytx
Added: Aug 4
Changed: Aug 5
Last Checked: Aug 5 at 7:09AM
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 Redrock Realty Group
Investment Insights
Based on property information with market context.
This 3.6+ acre commercial property is zoned GC and includes existing improvements supporting both current operations and future redevelopment. A gym tenant occupies part of the property, while a separate 4,500-square-foot building fronts I-20 and contains six office suites of approximately 750 SF each. The office building provides an established commercial component within the larger site.
The property is positioned just off I-20 in Abilene and directly beside a new QuikTrip, providing an established commercial setting and convenient interstate access. The owner is willing to add a parking lot and a new entrance, subject to final planning and execution. The site is available for sale or lease.
The property is positioned just off I-20 in Abilene and directly beside a new QuikTrip, providing an established commercial setting and convenient interstate access. The owner is willing to add a parking lot and a new entrance, subject to final planning and execution. The site is available for sale or lease.
Key Highlights
- 3.6+ acre commercial site in Abilene
- GC zoning
- Just off I‑20 with a building fronting the interstate
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$49,916
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$998,320
$998.3K
Cap Rate 7%
$713,086
$713.1K
Cap Rate 9%
$554,622
$554.6K
Market Conditions
NOI Build-Up for 4,500 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$78.3K $17.40/SF
− Vacancy
−$11.7K −$2.61/SF
EGI
$66.6K $14.79/SF
− OpEx
−$16.6K −$3.70/SF
NOI
$49.9K $11.09/SF
Area
Abilene, TX
Vacancy
15.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$998,320
Cap Rate 7%
$713,086
Cap Rate 9%
$554,622
Alternative Uses
Best Use
Office B
$713.1K
$624.0K – $831.9K
NOI $49,916 @ 7.0% cap · market cap 3.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.00M
$879.1K – $1.17M
NOI $70,330 @ 7.0% cap · market cap 5.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
169
Businesses Nearby
Explore this area
Business Placement
Demographics for 79603, TX
23,746
Population
9,960
Households
2.4
Avg Household Size
35
Median Age
17%
College-Educated
83%
High-School Grad
59.2 sq mi
ZIP Area
401
Density / Sq Mi
$53,579
Median Household Income
$32,339
Median Earnings
$1,022
Median Rent
$114,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - GC-zoned commercial property combines a sizable tract with existing gym and office improvements near a major interstate corridor.
Where is this commercial land located?
The property is located at 2002 Jameson Street Abilene, TX.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 3.6+ acre commercial site in Abilene; GC zoning; Just off I‑20 with a building fronting the interstate
