Two-Story Office
New
For Sale
$585,000
2702 Shepherd Street, Abilene, TX 79605
Two-level office property with on-site parking and a layout suited to professional, medical, and administrative operations.
Property Size3,522 SF
Price / SF$166.10
Days on Market2
Property Features for 2702 Shepherd Street
General Information
Standard status
Active
Size
3,522 SF
Property subtype
Office
Building Details
Year Built
1975
Buildings
1
Stories
2
Listing Agency:
Johnson & Assoc.
(325) 698-5661
Listed By:
Rene Jensen · License #0720823
(214) 532-6823
Source:
Lonestarluxuryrealty
Added: Aug 2
Changed: Aug 3
Last Checked: Aug 3 at 7:22AM
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 Johnson & Assoc.
Investment Insights
Based on property information with market context.
This 3,522-square-foot office building contains two floors of work areas within a functional layout. Constructed in 1975, the property includes standard office finishes and on-site parking. Its configuration can accommodate executive offices, conference rooms, multiple departments, and general administrative functions.
The building is positioned within an established commercial area of Abilene, with access to major arterial roads and nearby commercial businesses. Residential neighborhoods are also located in the surrounding area. The layout and existing improvements support professional services, medical operations, administrative offices, and owner-occupant use.
The building is positioned within an established commercial area of Abilene, with access to major arterial roads and nearby commercial businesses. Residential neighborhoods are also located in the surrounding area. The layout and existing improvements support professional services, medical operations, administrative offices, and owner-occupant use.
Key Highlights
- 3,522‑square‑foot office building constructed in 1975
- Two‑story configuration with office areas on both levels
- On‑site parking included
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $61.3k | $17.40 |
| − Vacancy | −$9.2k | −$2.61 |
| EGI | $52.1k | $14.79 |
| − OpEx | −$13.0k | −$3.70 |
| NOI | $39.1k | $11.09 |
3,522 SF · lease $17.40/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$558.1K
$488.4K – $651.1K
NOI $39,068 @ 7.0% cap · market cap 6.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$786.4K
$688.1K – $917.4K
NOI $55,045 @ 7.0% cap · market cap 9.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
553
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Two-level office property with on-site parking and a layout suited to professional, medical, and administrative operations.
Where is this office building located?
The property is located at 2702 Shepherd Street Abilene, TX.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: 3,522‑square‑foot office building constructed in 1975; Two‑story configuration with office areas on both levels; On‑site parking included
