Retail and Residential Redevelopment
3617 Buffalo Gap Road Abilene, TX 79605
For Sale
$395,000
Under half an acre with retail and residential buildings.
Property Size2,743 SF
Lot Size0.50 Acres
Price / SF$144
Days on Market97
Property Features for 3617 Buffalo Gap Road
General Information
- Standard status
- Active
- Size
- 2,743 SF
- Lot size
- 0.50 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1952
Listing Agency:
Barnett & Hill
(904) 465-4345
Listed By:
Timothy Smith · License #0689037
(325) 518-4329
Source:
Signaturere
Added: Apr 22
Changed: Jul 10
Last Checked: Jul 17 at 10:36AM
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 Barnett & Hill
Investment Insights
Based on property information with market context.
Available for sale is a property consisting of just under 0.5 acres, featuring a residential home located at 2379 Moore St and a separate small retail building with frontage on Buffalo Gap Rd. This property presents a redevelopment opportunity, or the existing residential home and retail space could be renovated for office or neighborhood retail use. The zoning for both the home and the other retail building is NR (neighborhood retail). The property includes a total of 2743 square feet of space. Daily traffic counts on this section of Buffalo Gap Rd are approximately 20,000 cars per day.
Key Highlights
- High traffic location on Buffalo Gap Rd (approx. 20,000 cars/day).
- Zoned NR (Neighborhood Retail) for both buildings.
- Redevelopment opportunity.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.2k | $13.20 |
| − Vacancy | −$2.9k | −$1.06 |
| EGI | $33.3k | $12.14 |
| − OpEx | −$10.0k | −$3.64 |
| NOI | $23.3k | $8.50 |
2,743 SF · lease $13.20/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$333.1K
$291.5K – $388.6K
NOI $23,318 @ 7.0% cap · market cap 5.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$612.4K
$535.9K – $714.5K
NOI $42,870 @ 7.0% cap · market cap 10.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Luciles Flowers & Gifts
(Bike/Boat/Book/etc) Store
Similar Off Market Nearby
- Luciles Flowers & Gifts — 3617 Buffalo Gap Rd, Abilene, TX 79605
- BloominDales Floral Design — 2602 Barrow St B, Abilene, TX 79605
FAQs
What type of property is this?
Storefront property - Under half an acre with retail and residential buildings.
Where is this storefront property located?
The property is located at 3617 Buffalo Gap Road Abilene, TX.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: High traffic location on Buffalo Gap Rd (approx. 20,000 cars/day).; Zoned NR (Neighborhood Retail) for both buildings.; Redevelopment opportunity.
