Building Details

Building Size 4,524 SF

Year Built 2017

Buildings 1

Stories 1

Units 1

Listing Agency: BOURQUIN REALTY

Listed By: David Bourquin · License #0596715 Show Phone

Source: Bourquinrealty

Added: Oct 19 Changed: Oct 22 Last Checked: Oct 22 at 2:31PM

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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 BOURQUIN REALTY

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Investment Insights

Based on property information with market context.

This 4,524-square-foot office building, completed in 2017, is configured with a reception area, seven offices, approximately 680 square feet of common area, and a break room. Dedicated restrooms serve the reception area, with additional facilities that include two multi-stall units. The property is zoned HI/H.

Frontage along South Treadaway Boulevard and pull-through access to Palm Street provide two points of approach to the building.

Key Highlights

• 4,524‑square‑foot office building, built in 2017
• Seven offices, reception area, break room, and approximately 680 square feet of common area
• Restroom facilities include two multi‑stall units

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$50,182

Cap Rate

7.22%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,003,640 $1.0M

Cap Rate 7%

$716,886 $716.9K

Cap Rate 9%

$557,578 $557.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,524 SF

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 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 (±1% cap)

NOI $50,182 @ 7.0% cap · market cap 7.22%

Second Best

Mixed Use

$661.6K

$578.9K – $771.9K (±1% cap)

NOI $46,314 @ 7.0% cap · market cap 6.66%

Theoretical Best

Office A

$1.01M

$883.8K – $1.18M (±1% cap)

NOI $70,705 @ 7.0% cap · market cap 10.17%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Abilene Learning Academy High School Communities In Schools Child Welfare Organization

Suggested Use

Top Pick Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Office building - A reception area, seven offices, shared space, a break room, and multiple restrooms create a ready-to-use office layout.

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 $695,000.

What are key features of this property?

This property features: 4,524‑square‑foot office building, built in 2017; Seven offices, reception area, break room, and approximately 680 square feet of common area; Restroom facilities include two multi‑stall units