Building Details

Buildings 2

Stories 1

Units 3

Listed By: Texas Space Show Phone

Added: May 8

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Investment Insights

Based on property information with market context.

The Texas Flex Space offers flexible, move-in-ready warehouse, office, and retail units suitable for small businesses and startups. Units range from 2,000 to 6,000 square feet and include 24/7 access, Wi-Fi, loading doors, forklift use, and optional mezzanines. All-inclusive leases are available. The property is ideal for e-commerce, trades, light manufacturing, and storage. It provides convenient Texas locations with strong highway access.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$17,002

Suggested Prices Based on Cap Rates

Cap Rate 5%

$340,040 $340.0K

Cap Rate 7%

$242,886 $242.9K

Cap Rate 9%

$188,911 $188.9K

What to ask about pricing

Market Conditions

NOI Build-Up for 2,000 SF

Gross rent

$26.4K $13.20/SF

− Vacancy

−$2.1K −$1.06/SF

EGI

$24.3K $12.14/SF

− OpEx

−$7.3K −$3.64/SF

NOI

$17.0K $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%

$340,040

Cap Rate 7%

$242,886

Cap Rate 9%

$188,911

Alternative Uses

Best Use

Retail

$242.9K

$212.5K – $283.4K (±1% cap)

NOI $17,002 @ 7.0% cap · market cap 566.73%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$446.5K

$390.7K – $521.0K (±1% cap)

NOI $31,258 @ 7.0% cap · market cap 1,041.93%

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

Property Analytics

Current Use

Retail properties & Spaces

Location Intelligence

Trade Area within ½ mile

1,492

Businesses Nearby

Explore this area Business Placement

Demographics for 79601, TX

26,515

Population

9,422

Households

2.8

Avg Household Size

32

Median Age

21%

College-Educated

84%

High-School Grad

263.0 sq mi

ZIP Area

101

Density / Sq Mi

$54,515

Median Household Income

$24,704

Median Earnings

$988

Median Rent

$182,900

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Other retail property - TX Flex Space

Where is this other retail property located?

The property is located at 341 Pine St # ABILENE TX Unit 341 Abilene, TX.