Building Details

Year Built 1978

Listing Agency: KW SYNERGY*

Listed By: Stacy Doby · License #0679121 Show Phone

Source: Heritance

Added: Aug 14 Changed: Oct 12 Last Checked: Oct 7 at 2:16PM

Report an Issue

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.

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 / Yr

$41,497

Cap Rate

5.19%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

NOI $41,497 @ 7.0% cap · market cap 5.19%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$835.2K

$730.8K – $974.5K (±1% cap)

NOI $58,467 @ 7.0% cap · market cap 7.31%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Insurance Partners Of Texas Insurance Agency Marsh&Mclennan Agency Insurance Agency

Suggested Use

Top Pick Law Firm Auto Parts Store Food Market Pharmacy Daycare Center Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this office buildings located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Historic Two-Story Office Building

774 Butternut Street, Abilene, TX 79602

$599,000

4,192 SF

View details

Two-Story Office Building

2702 S Shepherd St, Abilene, TX 79605

$495,000

View details

Built-Out Office Building

2769 S Treadaway Boulevard, Abilene, TX 79602

$695,000

0.48 Acres

View details

Historic Office Building

1342 N 4th Street A, Abilene, TX 79601

$565,000

4,364 SF

View details

Historic Office Building

A-1342 N 4th St, Abilene, TX 79607

$565,000

4,400 SF

View details

Freestanding Medical Office

2426 Lincoln Drive, Abilene, TX 79601

$699,000

0.44 Acres

View details

Metal Office Building

4373 Spindletop Dr, Abilene, TX 79602

$499,900

2,664 SF

View details

Remodeled Medical Office Space

1311 Hickory Street, Abilene, TX 79601

$429,000

0.11 Acres

View details

Leggett Office Complex Investment Opportunity

202 S Leggett, Abilene, TX 79605

$358,545

6,519 SF

View details

Professional Office Building

4625 N 1st Street, Abilene, TX 79603

$399,000

0.17 Acres

View details

Office Buildings with Industrial Zoning

4517 Derrick Dr, Abilene, TX 79601

$4,000,000

9,600 SF

View details

Leggett Office Complex Property

224 S Leggett Dr, Abilene, TX 79605

Contact for pricing

8,422 SF

View details

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 $800,000.

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