Flex Space with I-20
For Sale
$2,000,000
2458 E Overland Trl, Abilene, TX 79601
LI-zoned flex property combines office and shop improvements with I-20 frontage.
Property Size6,840 SF
Price / SF$292.40
Days on Market81
Property Features for 2458 E Overland Trl
General Information
Standard status
Active
Size
6,840 SF
Building Details
Year Built
1980
Listing Agency:
KW SYNERGY*
Listed By:
Sarah Trammell · License #0793842
(325) 692-4488
Source:
Minteerteam
Added: Jul 27
Changed: Oct 14
Last Checked: Oct 7 at 4:59PM
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 flex property includes an approximately 6, 800 SF office and shop facility on approximately 5.49 acres. Built in 1980, the improvements provide a combined office-and-shop configuration suited to a range of commercial operations.
The property is located at 2458 E Overland Trail in Abilene, Texas, with frontage along I-20. LI zoning and the existing office and shop layout support its commercial positioning within the corridor.
The property is located at 2458 E Overland Trail in Abilene, Texas, with frontage along I-20. LI zoning and the existing office and shop layout support its commercial positioning within the corridor.
Key Highlights
- Approximately 5.49 acres
- Approximately 6, 800 SF office and shop facility
- I‑20 frontage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,873
Cap Rate
3.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,517,460
$1.5M
Cap Rate 7%
$1,083,900
$1.1M
Cap Rate 9%
$843,033
$843.0K
Market Conditions
NOI Build-Up for 6,840 SF
Gross rent
$119.0K $17.40/SF
− Vacancy
−$17.9K −$2.61/SF
EGI
$101.2K $14.79/SF
− OpEx
−$25.3K −$3.70/SF
NOI
$75.9K $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 Rate 5%
$1,517,460
Cap Rate 7%
$1,083,900
Cap Rate 9%
$843,033
Alternative Uses
Best Use
Office B
$1.08M
$948.4K – $1.26M
NOI $75,873 @ 7.0% cap · market cap 3.79%
Second Best
Flex RnD
$823.9K
$720.9K – $961.2K
NOI $57,674 @ 7.0% cap · market cap 2.88%
Theoretical Best
Office A
$1.53M
$1.34M – $1.78M
NOI $106,901 @ 7.0% cap · market cap 5.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
64
Businesses Nearby
Balanced
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - LI-zoned flex property combines office and shop improvements with I-20 frontage.
Where is this flex space located?
The property is located at 2458 E Overland Trl Abilene, TX.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Approximately 5.49 acres; Approximately 6, 800 SF office and shop facility; I‑20 frontage
