Multi-Tenant Retail
3366-3398 3398 N 1st St, Abilene, TX 79603
For Sale
New
Contact for pricing
Five suites are occupied, with refreshed exterior finishes, improved parking, and LED lighting.
Property Size13,982 SF
Price / SF$135.89
Days on Market3
Property Features for 3366-3398 3398 N 1st St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Asking Price
Tenant in Place
Amenities
upgraded parking
LED lighting
Building Details
Tenancy
Listing Agency:
SVN | Trinity Advisors
(817) 288-5525
Listed By:
Eliud Sangabriel · License TX #0589027
(972) 839-0590
Source:
Moodyscre
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 12 at 2:24PM
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 SVN | Trinity Advisors
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail center contains 13,982 square feet, comprising 12,195 square feet of tenant area and 1,787 square feet of common area. Five suites are occupied. Property improvements include a modernized facade, upgraded parking, and LED lighting.
Key Highlights
- 13,982 square feet total, including 12,195 tenant square feet and 1,787 common square feet
- Five occupied suites
- Modernized facade, upgraded parking, and LED lighting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$118,858
Cap Rate
6.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,377,160
$2.4M
Cap Rate 7%
$1,697,971
$1.7M
Cap Rate 9%
$1,320,644
$1.3M
Market Conditions
NOI Build-Up for 13,982 SF
Gross rent
$184.6K $13.20/SF
− Vacancy
−$14.8K −$1.06/SF
EGI
$169.8K $12.14/SF
− OpEx
−$50.9K −$3.64/SF
NOI
$118.9K $8.50/SF
Area
Abilene, TX
Vacancy
8.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,377,160
Cap Rate 7%
$1,697,971
Cap Rate 9%
$1,320,644
Alternative Uses
Best Use
Retail
$1.70M
$1.49M – $1.98M
NOI $118,858 @ 7.0% cap · market cap 6.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.12M
$2.73M – $3.64M
NOI $218,522 @ 7.0% cap · market cap 11.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
951
Businesses Nearby
Explore this area
Business Placement
Demographics for 79603, TX
23,746
Population
9,960
Households
2.4
Avg Household Size
35
Median Age
17%
College-Educated
83%
High-School Grad
59.2 sq mi
ZIP Area
401
Density / Sq Mi
$53,579
Median Household Income
$32,339
Median Earnings
$1,022
Median Rent
$114,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Strip mall - Five suites are occupied, with refreshed exterior finishes, improved parking, and LED lighting.
Where is this strip mall located?
The property is located at 3366-3398 3398 N 1st St Abilene, TX.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 13,982 square feet total, including 12,195 tenant square feet and 1,787 common square feet; Five occupied suites; Modernized facade, upgraded parking, and LED lighting
