Renovated Office
For Sale
$850,000
2230 Industrial Boulevard, Abilene, TX 79602
Eight private offices, meeting space, staff break area, two restrooms, conveyed furniture, and on-site parking support immediate occupancy.
Property Size3,741 SF
Price / SF$227.21
Days on Market15
Property Features for 2230 Industrial Boulevard
General Information
Standard status
Active
Size
3,741 SF
Additional Details
Furnished
Yes
Building Details
Year Built
1978
Listing Agency:
KW SYNERGY*
(325) 692-4488
Listed By:
Stacy Doby · License #0679121
Source:
Heritance
Added: Aug 14
Changed: Aug 28
Last Checked: Aug 25 at 4:50AM
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 KW SYNERGY*
Investment Insights
Based on property information with market context.
This 3,741-square-foot office building at 2230 Industrial Boulevard includes eight private offices, a conference or meeting room, reception area, break room, and two restrooms. Renovation work has refreshed the interior, while the existing furniture conveys with the property.
Built in 1978, the property provides on-site parking for employees and visitors. Its combination of private work areas, shared meeting space, reception functions, and staff amenities creates a complete office layout for an owner-user or investor.
Built in 1978, the property provides on-site parking for employees and visitors. Its combination of private work areas, shared meeting space, reception functions, and staff amenities creates a complete office layout for an owner-user or investor.
Key Highlights
- 3,741‑square‑foot office building at 2230 Industrial Boulevard
- Eight private offices with a conference or meeting room
- Renovated interior with furniture conveying
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
$41,497
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
4.88%
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%
$829,940
$829.9K
Cap Rate 7%
$592,814
$592.8K
Cap Rate 9%
$461,078
$461.1K
Market Conditions
NOI Build-Up for 3,741 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
$65.1K $17.40/SF
− Vacancy
−$9.8K −$2.61/SF
EGI
$55.3K $14.79/SF
− OpEx
−$13.8K −$3.70/SF
NOI
$41.5K $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%
$829,940
Cap Rate 7%
$592,814
Cap Rate 9%
$461,078
Alternative Uses
Best Use
Office B
$592.8K
$518.7K – $691.6K
NOI $41,497 @ 7.0% cap · market cap 4.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$835.2K
$730.8K – $974.5K
NOI $58,467 @ 7.0% cap · market cap 6.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
722
Businesses Nearby
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Eight private offices, meeting space, staff break area, two restrooms, conveyed furniture, and on-site parking support immediate occupancy.
Where is this office building located?
The property is located at 2230 Industrial Boulevard Abilene, TX.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 3,741‑square‑foot office building at 2230 Industrial Boulevard; Eight private offices with a conference or meeting room; Renovated interior with furniture conveying
