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    Corner Medical Office Investment Title is generated by Realmo AI

    3101 S 27th Street, Abilene, TX 79605

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    For Sale
    $850,000

    SINGLE_FAMILY - Abilene, TX

    Type:Office
    Lot size:
    0.53 Acres
    Added:
    Sep 9, 2025
    Days on Market:
    268
    Last Refresh:
    Jun 3 at 8:06 pm

    Property Features for 3101 S 27th Street

    General Information

    Property type
    Residential
    Property subtype
    Office
    Parking features
    Parking Lot
    Standard status
    Active
    APN
    10884
    Lot size
    0.53 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1984
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Vinyl, Tile
    Building materials
    Brick
    Roof type
    Flat

    We can help!

    Listing Contact
    Colton Hager

    Listing agent Colton Hager

    Listing office Realty Trust Group LLC TX

    Listing date Sep 9, 2025

    MLS# 21055669

    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.

    HighLights

    • Fully leased to Vital Care Urgent Care through Sept 30, 2029 with a 5‑year renewal option
    • NNN lease structure: tenant pays direct utilities, internet, and janitorial
    • Landlord pays pass‑through expenses for Taxes, Insurance, and other operating costs related to management, maintenance, and ownership
    • Landlord responsibility for normal maintenance to exterior walls, roof, and structural elements; tenant maintains interior portions and HVAC, electrical, windows, sprinklers, and plumbing
    • Built in 1984 with brick construction, flat roof, vinyl and tile flooring
    • Public water and public sewer; central heating and central air with parking lot

    Overview

    A fully leased urgent care facility offers an NNN lease investment structure with a medical tenant. The property is fully leased to Vital Care Urgent Care through September 30, 2029, with a five-year renewal option. The tenant has occupied since September 2014, supporting a long-tenure healthcare use. Operating expense responsibilities are structured so the tenant pays direct utilities, internet, and janitorial, while the landlord pass-through covers taxes, insurance, and other operating costs connected to management, maintenance, and ownership. At the landlord’s expense, normal maintenance to the exterior walls, roof, and structural elements is required. Otherwise, the tenant is responsible for interior portions and HVAC, electrical, windows, sprinklers, and plumbing.

    Located on a corner lot at 3101 S 27th Street in Abilene, Texas, the site provides strong flexibility for medical use today and potential retail or other commercial uses in the future.

    This is well-suited for investors seeking stable, long-term healthcare cash flow under an NNN framework, with clearly defined, limited landlord maintenance obligations. The property’s established urgent care tenancy and healthcare-focused configuration should appeal to buyers and operators looking for lower-touch ownership while maintaining a durable long-term occupant profile.
    Property Profile Location Intelligence

    Current Use by Public Records

    Affordacare Urgent Care ... Medical Clinic Dr. Vidal O. ... Pediatrician Kimberlee Houghton, NP Physician Minor Emergency Clinics Restaurant

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Abilene
    County
    Taylor
    State
    Texas
    Longitude
    -99.760073
    Latitude
    32.417132

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    FAQs

    What type of property is this?
    Medical center - NNN-leased urgent care property with long-term occupancy and minimal landlord responsibilities.
    Where is this medical center located?
    The property is located at 3101 S 27th Street Abilene, TX.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: Fully leased to Vital Care Urgent Care through Sept 30, 2029 with a 5‑year renewal option; NNN lease structure: tenant pays direct utilities, internet, and janitorial; Landlord pays pass‑through expenses for Taxes, Insurance, and other operating costs related to management, maintenance, and ownership
    (713) 893-7507
    We can help!
    Listing Contact
    Colton Hager
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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