Built-Out Office
For Sale
$775,000
2769 S Treadaway Boulevard, Abilene, TX 79602
CommercialSale, Abilene, TX
Property Size4,524 SF
Lot Size0.48 Acres
Price / SF$171.31
Days on Market150
Property Features for 2769 S Treadaway Boulevard
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
HI/H
Parking features
Parking Lot
Subdivision
B & B Polebenders Sub
Lot features
Interior Lot
Directions
Heading south on S. Treadaway, property is located on the left, east of S. Treadaway just north of the intersection with S 27th St.
Standard status
Active
APN
1001055
Lot size
0.48 Acres
Taxes and HOA fees
Tax Description
B & B POLEBENDERS SUB, BLOCK A, LOT 101, ACRE
Tax Annual Amount
17536
Legal Description
B & B POLEBENDERS SUB, BLOCK A, LOT 101, ACRE
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Heat Pump (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
2017
Floors in Building
1
Number of units
1
Flooring type
Paintedstained, Concrete
Building materials
MetalSiding
Roof type
Metal
Listing Agency:
Peterson Real Estate LLC
(325) 698-9960
Listed By:
Derek Peterson · License #0620445
(325) 668-0094
Added: Apr 11
Changed: Sep 4
Last Checked: Sep 7 at 6:06PM
MLS# 21223115
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2017 office building is arranged for immediate professional use, with a reception area, seven private offices, approximately 680 SF of common area, a break room, and dedicated restroom facilities. The property also includes two multi-stall restroom units, concrete and painted or stained flooring, metal siding, and a metal roof. Central electric heating and cooling are provided through a heat pump and central air system.
The 0.478-acre property fronts South Treadaway Boulevard and provides pull-through access to Palm Street. On-site parking is available in a parking lot, while public water and public sewer serve the building. Its existing layout supports a range of professional or service-oriented business operations.
The 0.478-acre property fronts South Treadaway Boulevard and provides pull-through access to Palm Street. On-site parking is available in a parking lot, while public water and public sewer serve the building. Its existing layout supports a range of professional or service-oriented business operations.
Key Highlights
- 2017 office building on 0.478 acres
- Seven private offices plus approximately 680 SF of common area
- Reception area, break room, and multiple restroom facilities
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 - Configured for office and service-oriented operations with reception, private offices, shared areas, and multiple restroom facilities.
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: 2017 office building on 0.478 acres; Seven private offices plus approximately 680 SF of common area; Reception area, break room, and multiple restroom facilities
