MyEyeDr. Medical Office
For Sale
Contact for pricing
3225 South 27th Street, Abilene, TX 79605
Medical office property occupied by MyEyeDr. under a NN lease in Abilene.
Property Size2,769 SF
Price / SF$184.18
Days on Market8
Property Features for 3225 South 27th Street
General Information
Standard status
Active
Size
2,769 SF
Property subtype
Office
Occupancy
100%
Net Operating Income
$40,800
Additional Details
Cap Rate
8%
Building Details
Year Built
2000
Tenancy
Single
Listing Agency:
Matthews
Listed By:
Vincent Chapey · License #CA 02102058
Source:
Crexi
Added: Aug 31
Changed: Sep 3
Last Checked: Sep 7 at 1:24AM
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 Matthews
Investment Insights
Based on property information with market context.
This medical office property contains 2,769 square feet and was constructed in 2000. The building is occupied by MyEyeDr. under a NN lease, providing a defined healthcare-oriented occupancy profile for an acquisition under consideration.
The property is located at 3225 South 27th Street in Abilene, Texas. It is offered for sale as a medical office asset with an established tenant and existing lease structure.
The property is located at 3225 South 27th Street in Abilene, Texas. It is offered for sale as a medical office asset with an established tenant and existing lease structure.
Key Highlights
- 2,769‑square‑foot medical office property
- Occupied by MyEyeDr.
- NN lease structure
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
$31,690
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
6.21%
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%
$633,800
$633.8K
Cap Rate 7%
$452,714
$452.7K
Cap Rate 9%
$352,111
$352.1K
Market Conditions
NOI Build-Up for 2,769 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
$56.5K $20.40/SF
− Vacancy
−$3.7K −$1.33/SF
EGI
$52.8K $19.07/SF
− OpEx
−$21.1K −$7.63/SF
NOI
$31.7K $11.44/SF
Area
Abilene, TX
Vacancy
6.50%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
40.00%
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%
$633,800
Cap Rate 7%
$452,714
Cap Rate 9%
$352,111
Alternative Uses
Best Use
Healthcare Medical
$452.7K
$396.1K – $528.2K
NOI $31,690 @ 7.0% cap · market cap 6.21%
Second Best
Office B
$438.8K
$383.9K – $511.9K
NOI $30,715 @ 7.0% cap · market cap 6.02%
Theoretical Best
Office A
$618.2K
$541.0K – $721.3K
NOI $43,276 @ 7.0% cap · market cap 8.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
25
Businesses Nearby
Balanced
Demand for This Use
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?
Medical Office Space - Medical office property occupied by MyEyeDr. under a NN lease in Abilene.
Where is this medical office space located?
The property is located at 3225 South 27th Street Abilene, TX.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: 2,769‑square‑foot medical office property; Occupied by MyEyeDr.; NN lease structure
