Automotive Shop with Flexible
New
For Sale
$674,000
409 N Treadaway Boulevard, Abilene, TX 79601
CommercialSale, Abilene, TX
Property Size5,400 SF
Lot Size0.45 Acres
Price / SF$124.81
Days on Market4
Property Features for 409 N Treadaway Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking features
Alley, Parking Lot
Subdivision
Ot Abilene
Directions
From I-20, Take exit 286A toward US-83 BUS S and head South toward the center of Abilene. Veer to the Left to continue onto Treadaway Blvd. Property will be on your Left.
Standard status
Active
APN
15239
Lot size
0.45 Acres
Taxes and HOA fees
Tax Description
OT ABILENE, BLOCK 100, LOT 7-8-9 LESS W ROW
Tax Annual Amount
5562
Legal Description
OT ABILENE, BLOCK 100, LOT 7-8-9 LESS W ROW
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Amenities
skylights
overhead gas heater
loft storage
awning
pylon signs
air conditioning
pneumatic air
Building Details
Year built
1981
Floors in Building
1
Number of units
1
Flooring type
Linoleum, Concrete
Building materials
MetalSiding
Roof type
Metal
Listing Agency:
Berkshire Hathaway HS Stovall
(325) 691-1410
Listed By:
John Mark Willits
(325) 280-9232
Added: Sep 14
Changed: Sep 15
Last Checked: Sep 17 at 9:06PM
MLS# 21385137
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 409 N Treadaway Boulevard in Abilene, this automotive property includes a 5,400 SF insulated metal building on a 0.4477-acre, 19,500 SF lot. The facility was built in 1981 and has four exterior overhead doors with windows, skylights, natural-gas heating, central air, public sewer, and concrete and linoleum flooring. A front reception area and rear office support daily operations, while the building is plumbed for pneumatic air and includes both 110v and 220v power.
The approximately 3,000 SF front shop has an overhead gas heater, loft and downstairs storage, and a 4-post lift with HawkEye alignment system that is negotiable with purchase. The approximately 2,400 SF rear shop is separated by two interior overhead doors. Outside, the fenced and paved yard includes a gated awning, customer parking, two pylon signs, and 150 feet of frontage along Treadaway Boulevard, also known as Business 83.
The approximately 3,000 SF front shop has an overhead gas heater, loft and downstairs storage, and a 4-post lift with HawkEye alignment system that is negotiable with purchase. The approximately 2,400 SF rear shop is separated by two interior overhead doors. Outside, the fenced and paved yard includes a gated awning, customer parking, two pylon signs, and 150 feet of frontage along Treadaway Boulevard, also known as Business 83.
Key Highlights
- 5,400 SF insulated metal automotive building on a 0.4477‑acre, 19,500 SF lot
- 150 feet of frontage on Treadaway Boulevard, also known as Business 83
- Four exterior overhead doors with windows plus two interior overhead doors
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
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,328
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
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Auto shop - Insulated metal building with separated shop areas, office space, gated yard, and multiple overhead doors.
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 SF insulated metal automotive building on a 0.4477‑acre, 19,500 SF lot; 150 feet of frontage on Treadaway Boulevard, also known as Business 83; Four exterior overhead doors with windows plus two interior overhead doors
