Freestanding Medical
For Sale
$699,000
2426 Lincoln Drive, Abilene, TX 79601
CommercialSale, Abilene, TX
Property Size2,561 SF
Lot Size0.44 Acres
Price / SF$272.94
Days on Market58
Property Features for 2426 Lincoln Drive
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
General Commercial
Security features
Security
Accessibility
Accessible Approach with Ramp
Subdivision
Hillcrest Add
Lot features
Landscaped
Directions
From ACU, drive west on ambler. Then turn north onto Lincoln drive and the property will be on the west side of the street.
Standard status
Active
APN
1008391
Lot size
0.44 Acres
Taxes and HOA fees
Tax Description
HILLCREST ADDN SEC 8, BLOCK 30, LOT 102 REP,
Tax Annual Amount
10643
Legal Description
HILLCREST ADDN SEC 8, BLOCK 30, LOT 102 REP,
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2021
Floors in Building
1
Number of units
1
Flooring type
Tile
Building materials
Brick, Concrete
Roof type
Composition
Listing Agency:
McCullar Properties Group LLC
(325) 665-4037
Listed By:
Josh Rader · License #0661281
(325) 665-4037
Added: Jul 2
Changed: Aug 21
Last Checked: Aug 28 at 8:06PM
MLS# 21317666
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.
Investment Insights
Based on property information with market context.
This freestanding medical office building was constructed in 2021 with a layout organized around a central reception and waiting area. The interior includes a private office, four adaptable rooms, a kitchenette or breakroom, a utility room, and multiple restrooms. Brick and concrete construction, tile flooring, central heating, and central air support the building’s functional configuration.
The property occupies 0.436 acres at 2426 Lincoln Drive in Abilene, with on-site parking and a neighborhood setting. Hendrick Medical Center and key thoroughfares are located minutes away. An accessible approach with ramp, public water, and public sewer are also provided.
The property occupies 0.436 acres at 2426 Lincoln Drive in Abilene, with on-site parking and a neighborhood setting. Hendrick Medical Center and key thoroughfares are located minutes away. An accessible approach with ramp, public water, and public sewer are also provided.
Key Highlights
- Freestanding medical office building constructed in 2021
- Four multi‑use rooms plus a private office
- Central reception and waiting area with kitchenette or breakroom
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
$29,309
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
4.19%
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%
$586,180
$586.2K
Cap Rate 7%
$418,700
$418.7K
Cap Rate 9%
$325,656
$325.7K
Market Conditions
NOI Build-Up for 2,561 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
$52.2K $20.40/SF
− Vacancy
−$3.4K −$1.33/SF
EGI
$48.8K $19.07/SF
− OpEx
−$19.5K −$7.63/SF
NOI
$29.3K $11.44/SF
Area
Abilene, TX
Vacancy
6.50%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
40.00%
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%
$586,180
Cap Rate 7%
$418,700
Cap Rate 9%
$325,656
Alternative Uses
Best Use
Healthcare Medical
$418.7K
$366.4K – $488.5K
NOI $29,309 @ 7.0% cap · market cap 4.19%
Second Best
Office B
$405.8K
$355.1K – $473.5K
NOI $28,408 @ 7.0% cap · market cap 4.06%
Theoretical Best
Office A
$571.8K
$500.3K – $667.1K
NOI $40,025 @ 7.0% cap · market cap 5.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
283
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79601, TX
26,515
Population
9,422
Households
2.8
Avg Household Size
32
Median Age
21%
College-Educated
84%
High-School Grad
263.0 sq mi
ZIP Area
101
Density / Sq Mi
$54,515
Median Household Income
$24,704
Median Earnings
$988
Median Rent
$182,900
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?
Medical Office Space - 2021 construction offers reception space, flexible treatment rooms, central HVAC, accessible entry, and on-site parking.
Where is this medical office space located?
The property is located at 2426 Lincoln Drive Abilene, TX.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Freestanding medical office building constructed in 2021; Four multi‑use rooms plus a private office; Central reception and waiting area with kitchenette or breakroom
