Built-Out Office Building with Pull-Through
New
For Sale
$775,000
2769 S Treadaway Boulevard, Abilene, TX 79602
Seven offices, reception, break room, and dedicated restroom facilities support varied professional operations.
Property Size4,524 SF
Price / SF$171.31
Days on Market6
Property Features for 2769 S Treadaway Boulevard
General Information
Standard status
Active
Size
4,524 SF
Property subtype
Commercial
Zoning
HI/H
Additional Details
Road Access
Yes
Amenities
reception area
dedicated restrooms
seven offices
common area
break room
multi-stall restrooms
Building Details
Building Size
4,524 SF
Year Built
2017
Buildings
1
Stories
1
Units
1
Listing Agency:
Peterson Real Estate LLC
(325) 698-9960
Listed By:
Derek Peterson · License #0620445
Source:
Cuddrealtyinc
Added: Aug 25
Changed: Aug 29
Last Checked: Aug 29 at 4:40PM
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 Peterson Real Estate LLC
Investment Insights
Based on property information with market context.
This 4,524-square-foot office building was completed in 2017 and offers a fully finished interior for professional or service-oriented use. The layout includes a reception area, seven offices, approximately 680 square feet of common area, a break room, and multiple restroom facilities, including two multi-stall units.
Located at 2769 S Treadaway Boulevard in Abilene, the property benefits from visibility along South Treadaway Boulevard and pull-through access to Palm Street. Zoning is HI/H, providing an established commercial setting for an office-focused operation.
Located at 2769 S Treadaway Boulevard in Abilene, the property benefits from visibility along South Treadaway Boulevard and pull-through access to Palm Street. Zoning is HI/H, providing an established commercial setting for an office-focused operation.
Key Highlights
- 4,524‑square‑foot office building completed in 2017
- Seven offices plus reception, approximately 680 SF of common area, and a break room
- Restroom facilities include two multi‑stall units
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
$50,182
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
6.48%
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%
$1,003,640
$1.0M
Cap Rate 7%
$716,886
$716.9K
Cap Rate 9%
$557,578
$557.6K
Market Conditions
NOI Build-Up for 4,524 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
$78.7K $17.40/SF
− Vacancy
−$11.8K −$2.61/SF
EGI
$66.9K $14.79/SF
− OpEx
−$16.7K −$3.70/SF
NOI
$50.2K $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 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%
$1,003,640
Cap Rate 7%
$716,886
Cap Rate 9%
$557,578
Alternative Uses
Best Use
Office B
$716.9K
$627.3K – $836.4K
NOI $50,182 @ 7.0% cap · market cap 6.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.01M
$883.8K – $1.18M
NOI $70,705 @ 7.0% cap · market cap 9.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
376
Businesses Nearby
Explore this area
Business Placement
Demographics for 79602, TX
25,389
Population
11,127
Households
2.3
Avg Household Size
36
Median Age
34%
College-Educated
91%
High-School Grad
121.7 sq mi
ZIP Area
209
Density / Sq Mi
$84,845
Median Household Income
$39,044
Median Earnings
$1,123
Median Rent
$233,000
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 - Seven offices, reception, break room, and dedicated restroom facilities support varied professional operations.
Where is this office building located?
The property is located at 2769 S Treadaway Boulevard Abilene, TX.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: 4,524‑square‑foot office building completed in 2017; Seven offices plus reception, approximately 680 SF of common area, and a break room; Restroom facilities include two multi‑stall units
