Commercial Land with Office
For Sale
$1,400,000
2002 Jameson St, Abilene, TX 79603
Commercial acreage includes an occupied gym and a separate office building with multiple suites along I-20.
Property Size9,000 SF
Price / SF$155.56
Days on Market85
Property Features for 2002 Jameson St
General Information
Standard status
Active
Size
9,000 SF
Building Details
Year Built
1950
Listing Agency:
Redrock Realty Group
Listed By:
Dylan Burnett · License #0833216
(325) 669-5151
Source:
Yourdavisteam
Added: Jul 24
Changed: Oct 3
Last Checked: Oct 7 at 12:54PM
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
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Investment Insights
Based on property information with market context.
This 3.6+ acre commercial property includes an existing gym tenant and a separate office building positioned along I-20. The office component contains six suites of approximately 750 SF each, creating a defined set of existing improvements within the larger land offering. The property dates to 1950.
Located at 2002 Jameson St in Abilene, the site is just off I-20 and next to a new QuikTrip. The office building fronts the interstate, while the owner is willing to add a parking lot and new entrance. The property is offered for sale, with lease availability also noted for the office building.
Located at 2002 Jameson St in Abilene, the site is just off I-20 and next to a new QuikTrip. The office building fronts the interstate, while the owner is willing to add a parking lot and new entrance. The property is offered for sale, with lease availability also noted for the office building.
Key Highlights
- 3.6+ acres of commercial land
- Existing gym tenant in place
- Six office suites at approximately 750 SF each
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$99,833
Cap Rate
7.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,996,660
$2.0M
Cap Rate 7%
$1,426,186
$1.4M
Cap Rate 9%
$1,109,256
$1.1M
Market Conditions
NOI Build-Up for 9,000 SF
Gross rent
$156.6K $17.40/SF
− Vacancy
−$23.5K −$2.61/SF
EGI
$133.1K $14.79/SF
− OpEx
−$33.3K −$3.70/SF
NOI
$99.8K $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 Rate 5%
$1,996,660
Cap Rate 7%
$1,426,186
Cap Rate 9%
$1,109,256
Alternative Uses
Best Use
Office B
$1.43M
$1.25M – $1.66M
NOI $99,833 @ 7.0% cap · market cap 7.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.01M
$1.76M – $2.34M
NOI $140,659 @ 7.0% cap · market cap 10.05%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
145
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Commercial land - Commercial acreage includes an occupied gym and a separate office building with multiple suites along I-20.
Where is this commercial land located?
The property is located at 2002 Jameson St Abilene, TX.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 3.6+ acres of commercial land; Existing gym tenant in place; Six office suites at approximately 750 SF each
