Automotive Service Property with Four Access
For Sale
$750,000
2466 Buffalo Gap Road, Abilene, TX 79605
General Commercial zoning supports automotive service and other compatible commercial uses, subject to city approvals.
Property Size2,888 SF
Price / SF$259.70
Days on Market12
Property Features for 2466 Buffalo Gap Road
General Information
Standard status
Active
Size
2,888 SF
Property subtype
Retail
Zoning
General Commercial
Site & Location
Traffic Count
20,000 vehicles/day
Road Access
Yes
Land
Land Use
commercial
Entitled
No
Taxes and HOA fees
Annual Taxes
$5,477
Amenities
Electric
3
Level
133 x 127
Curbs Walk, Asphalt, Level.
Building Details
Year Built
1963
Listing Agency:
McCullar Properties Group LLC
(325) 665-4037
Listed By:
Josh Rader · License #0661281
Source:
Xome
Added: Aug 7
Changed: Aug 17
Last Checked: Aug 18 at 4:33AM
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 McCullar Properties Group LLC
Investment Insights
Based on property information with market context.
Located at 2466 Buffalo Gap Road in Abilene, this 2,888-square-foot commercial property includes existing improvements configured for automotive repair and vehicle-service operations. The site is level, surfaced with asphalt, and includes curbs and a walk. Construction dates to 1963, and the property measures approximately 133 x 127.
The property sits across from the post office along Buffalo Gap Road, a primary South Abilene commercial corridor with estimated traffic of 15-20,000 VPD. Four access points provide multiple entry and exit locations. General Commercial zoning supports continued automotive service as well as potential quick-service restaurant, drive-thru, retail, medical, office, or other compatible commercial redevelopment, subject to city approvals and buyer verification.
The property sits across from the post office along Buffalo Gap Road, a primary South Abilene commercial corridor with estimated traffic of 15-20,000 VPD. Four access points provide multiple entry and exit locations. General Commercial zoning supports continued automotive service as well as potential quick-service restaurant, drive-thru, retail, medical, office, or other compatible commercial redevelopment, subject to city approvals and buyer verification.
Key Highlights
- 2,888‑square‑foot commercial property with existing automotive‑service improvements
- Four access points from Buffalo Gap Road
- Estimated 15‑20,000 VPD along Buffalo Gap Road
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
$24,550
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
3.27%
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%
$491,000
$491.0K
Cap Rate 7%
$350,714
$350.7K
Cap Rate 9%
$272,778
$272.8K
Market Conditions
NOI Build-Up for 2,888 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
$38.1K $13.20/SF
− Vacancy
−$3.0K −$1.06/SF
EGI
$35.1K $12.14/SF
− OpEx
−$10.5K −$3.64/SF
NOI
$24.6K $8.50/SF
Area
Abilene, TX
Vacancy
8.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
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%
$491,000
Cap Rate 7%
$350,714
Cap Rate 9%
$272,778
Alternative Uses
Best Use
Retail
$350.7K
$306.9K – $409.2K
NOI $24,550 @ 7.0% cap · market cap 3.27%
Second Best
Industrial
$279.8K
$244.9K – $326.5K
NOI $19,589 @ 7.0% cap · market cap 2.61%
Theoretical Best
Office A
$644.8K
$564.2K – $752.3K
NOI $45,136 @ 7.0% cap · market cap 6.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
380
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79605, TX
30,239
Population
12,795
Households
2.4
Avg Household Size
35
Median Age
25%
College-Educated
87%
High-School Grad
11.0 sq mi
ZIP Area
2,749
Density / Sq Mi
$59,565
Median Household Income
$33,537
Median Earnings
$1,077
Median Rent
$159,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
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- L&C automotive — s 34th st, abilene, tx 79605
- Outlaw Automotive — 3232 S Treadaway Blvd, Abilene, TX 79602
Frequently Asked Questions
What type of property is this?
Auto shop - General Commercial zoning supports automotive service and other compatible commercial uses, subject to city approvals.
Where is this auto shop located?
The property is located at 2466 Buffalo Gap Road Abilene, TX.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 2,888‑square‑foot commercial property with existing automotive‑service improvements; Four access points from Buffalo Gap Road; Estimated 15‑20,000 VPD along Buffalo Gap Road
