Automotive Shop with Fenced
New
For Sale
$674,000
409 N Treadaway Boulevard, Abilene, TX 79601
Separate front and rear shop areas support distinct work and storage functions.
Property Size5,400 SF
Price / SF$124.81
Days on Market2
Property Features for 409 N Treadaway Boulevard
General Information
Standard status
Active
Size
5,400 SF
Building Details
Year Built
1981
Listing Agency:
Berkshire Hathaway HS Stovall
Listed By:
John Mark Willits
(325) 691-1410
Source:
Minteerteam
Added: Sep 24
Last Checked: Sep 24 at 3:03PM
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 Berkshire Hathaway HS Stovall
Investment Insights
Based on property information with market context.
The 5,400-square-foot automotive shop in Abilene has a metal, insulated structure with skylights and four exterior overhead doors. Inside, the approximately 3,000-square-foot front shop connects to a loft and ground-level storage, while two interior overhead doors separate it from the approximately 2,400-square-foot rear shop. The property also includes an air-conditioned reception area and office, 110v and 220v power, and plumbing for pneumatic air. A 4-post lift with HawkEye alignment system remains on-site and is negotiable with purchase.
The 0.45-acre property has 150 feet of frontage on Treadaway Boulevard, also designated Business 83. Its fenced, paved yard includes a gate and awning, with customer parking at the front. Two pylon signs are positioned along the frontage.
The 0.45-acre property has 150 feet of frontage on Treadaway Boulevard, also designated Business 83. Its fenced, paved yard includes a gate and awning, with customer parking at the front. Two pylon signs are positioned along the frontage.
Key Highlights
- 5,400‑square‑foot building on a 0.45‑acre lot
- 150 feet of frontage on Treadaway Boulevard (Business 83)
- Four exterior overhead doors; skylights provide natural light
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
$45,904
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
6.81%
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%
$918,080
$918.1K
Cap Rate 7%
$655,771
$655.8K
Cap Rate 9%
$510,044
$510.0K
Market Conditions
NOI Build-Up for 5,400 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
$71.3K $13.20/SF
− Vacancy
−$5.7K −$1.06/SF
EGI
$65.6K $12.14/SF
− OpEx
−$19.7K −$3.64/SF
NOI
$45.9K $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 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%
$918,080
Cap Rate 7%
$655,771
Cap Rate 9%
$510,044
Alternative Uses
Best Use
Retail
$655.8K
$573.8K – $765.1K
NOI $45,904 @ 7.0% cap · market cap 6.81%
Second Best
Flex RnD
$650.5K
$569.2K – $758.9K
NOI $45,532 @ 7.0% cap · market cap 6.76%
Theoretical Best
Office A
$1.21M
$1.05M – $1.41M
NOI $84,396 @ 7.0% cap · market cap 12.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,073
Businesses Nearby
Well-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Auto shop - Separate front and rear shop areas support distinct work and storage functions.
Where is this auto shop located?
The property is located at 409 N Treadaway Boulevard Abilene, TX.
What is the asking price?
The asking price for this property is $674,000.
What are key features of this property?
This property features: 5,400‑square‑foot building on a 0.45‑acre lot; 150 feet of frontage on Treadaway Boulevard (Business 83); Four exterior overhead doors; skylights provide natural light
