Flex Space with Office and
For Sale
$2,000,000
2458 E Overland Trail, Abilene, TX 79601
CommercialSale, Abilene, TX
Property Size6,800 SF
Lot Size5.49 Acres
Price / SF$294.12
Days on Market107
Property Features for 2458 E Overland Trail
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
LI
Parking features
Open
Subdivision
Alton Reeves
Lot features
Acreage, Irregular Lot
Directions
Property is located on the North side of I-20 between Lowe's and Casey's.
Standard status
Active
APN
29373
Lot size
5.49 Acres
Taxes and HOA fees
Tax Description
ALTON REEVES, BLOCK A, LOT 1 & 2, ACRES 5.494
Tax Annual Amount
6220
Legal Description
ALTON REEVES, BLOCK A, LOT 1 & 2, ACRES 5.494
Utilities
Sewer type
Public Sewer
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1980
Floors in Building
1
Number of units
1
Flooring type
Concrete
Building materials
MetalSiding, Stucco
Roof type
Metal
Listing Agency:
KW SYNERGY* · Keller Williams Realty
(325) 692-4488
Listed By:
Sarah Trammell · License #0793842
(325) 280-0522
Added: Jul 1
Changed: Aug 19
Last Checked: Oct 15 at 7:06PM
MLS# 21314890
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.
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Investment Insights
Based on property information with market context.
This flex-space property includes approximately 6,800 SF of office and shop improvements on approximately 5.494 acres. Constructed in 1980, the facility features metal siding and stucco exteriors, concrete flooring, a metal roof, window-unit cooling, and open parking. Public water and public sewer serve the property.
The site fronts I-20 at 2458 E Overland Trail in Abilene, providing direct exposure along the interstate. The existing office-and-shop configuration is paired with a substantial acreage component and is identified as income-producing in the property information.
The site fronts I-20 at 2458 E Overland Trail in Abilene, providing direct exposure along the interstate. The existing office-and-shop configuration is paired with a substantial acreage component and is identified as income-producing in the property information.
Key Highlights
- Approximately 5.494 acres with I‑20 frontage
- Approximately 6,800 SF office and shop facility
- Built in 1980 with metal siding, stucco, and a metal roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,429
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,508,580
$1.5M
Cap Rate 7%
$1,077,557
$1.1M
Cap Rate 9%
$838,100
$838.1K
Market Conditions
NOI Build-Up for 6,800 SF
Gross rent
$118.3K $17.40/SF
− Vacancy
−$17.7K −$2.61/SF
EGI
$100.6K $14.79/SF
− OpEx
−$25.1K −$3.70/SF
NOI
$75.4K $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%
$1,508,580
Cap Rate 7%
$1,077,557
Cap Rate 9%
$838,100
Alternative Uses
Best Use
Office B
$1.08M
$942.9K – $1.26M
NOI $75,429 @ 7.0% cap · market cap 3.77%
Second Best
Flex RnD
$819.1K
$716.7K – $955.6K
NOI $57,336 @ 7.0% cap · market cap 2.87%
Theoretical Best
Office A
$1.52M
$1.33M – $1.77M
NOI $106,276 @ 7.0% cap · market cap 5.31%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
32
Businesses Nearby
Well-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
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
Frequently Asked Questions
What type of property is this?
Flex space - Office and shop improvements provide a flexible commercial configuration with I-20 frontage.
Where is this flex space located?
The property is located at 2458 E Overland Trail 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 5.494 acres with I‑20 frontage; Approximately 6,800 SF office and shop facility; Built in 1980 with metal siding, stucco, and a metal roof
