Two-Story Office
For Sale
$495,000
2702 S Shepherd St, Abilene, TX 79605
Established office property with two levels, on-site parking, and access to major arterial roads.
Property Size3,522 SF
Days on Market62
Property Features for 2702 S Shepherd St
General Information
Standard status
Active
Size
3,522 SF
Class
B
Property subtype
Office - General Office
Site & Location
Neighborhood
River Oaks / Brookhollow Area
Building Details
Building Size
3,522 SF
Year Built
1975
Listing Agency:
Paul Johnson & Associates
Listed By:
Erik Paul Johnson · License ##415535-B
(325) 439-0186
Source:
Commercialcafe
Added: Sep 1
Changed: Oct 26
Last Checked: Oct 30 at 10:56AM
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 Paul Johnson & Associates
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Investment Insights
Based on property information with market context.
This 3,522-square-foot office building contains two levels of workspace within a 1975-built structure. The interior includes standard office finishes and a layout that can accommodate executive offices, conference rooms, multiple departments, and general administrative functions. On-site parking supports daily operations for occupants and visitors.
The property is situated in an established commercial area with access to major arterial roads and surrounding commercial activity. Nearby businesses and residential neighborhoods add context to the setting. The configuration may accommodate professional services, medical practices, administrative operations, or an owner-user office arrangement, subject to applicable requirements.
The property is situated in an established commercial area with access to major arterial roads and surrounding commercial activity. Nearby businesses and residential neighborhoods add context to the setting. The configuration may accommodate professional services, medical practices, administrative operations, or an owner-user office arrangement, subject to applicable requirements.
Key Highlights
- 3,522 SF office building
- Two‑story configuration with workspace on both floors
- Built in 1975
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,068
Cap Rate
7.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$781,360
$781.4K
Cap Rate 7%
$558,114
$558.1K
Cap Rate 9%
$434,089
$434.1K
Market Conditions
NOI Build-Up for 3,522 SF
Gross rent
$61.3K $17.40/SF
− Vacancy
−$9.2K −$2.61/SF
EGI
$52.1K $14.79/SF
− OpEx
−$13.0K −$3.70/SF
NOI
$39.1K $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%
$781,360
Cap Rate 7%
$558,114
Cap Rate 9%
$434,089
Alternative Uses
Best Use
Office B
$558.1K
$488.4K – $651.1K
NOI $39,068 @ 7.0% cap · market cap 7.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$786.4K
$688.1K – $917.4K
NOI $55,045 @ 7.0% cap · market cap 11.12%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
435
Businesses Nearby
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Established office property with two levels, on-site parking, and access to major arterial roads.
Where is this office building located?
The property is located at 2702 S Shepherd St Abilene, TX.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 3,522 SF office building; Two‑story configuration with workspace on both floors; Built in 1975
