Restaurant Property with Party
For Sale
$2,350,000
4109 Ridgemont Drive, Abilene, TX 79606
CommercialSale, Abilene, TX
Property Size8,435 SF
Lot Size0.92 Acres
Price / SF$278.60
Days on Market101
Property Features for 4109 Ridgemont Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
GC
Parking features
Parking Lot
Subdivision
Curry Park Add
Directions
Ridgemont
Standard status
Active
APN
38566
Lot size
0.92 Acres
Taxes and HOA fees
Tax Description
CURRY PARK ADDN, BLOCK C, LOT 10 & 11, REPLAT
Tax Annual Amount
45776
Legal Description
CURRY PARK ADDN, BLOCK C, LOT 10 & 11, REPLAT
Utilities
Heating system
Central
Cooling system
Electric, Central Air
Amenities
second-story party room
Building Details
Year built
1985
Floors in Building
2
Number of units
1
Flooring type
Tile
Building materials
Stucco
Roof type
Composition
Listing Agency:
Barnett & Hill
(325) 677-3500
Listed By:
John Hill · License #0627718
(325) 721-4428
Added: May 27
Changed: Sep 4
Last Checked: Sep 4 at 8:06AM
MLS# 20473380
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.
This restaurant property contains 8,435 square feet of interior space arranged with a main dining room, three additional dining areas, and an outdoor patio. A second-story party room includes both interior and exterior access. Tile flooring, stucco construction, a composition roof, central heating, and electric central air conditioning are among the existing improvements. The restaurant business itself is not included in the sale.
The property is near the Mall of Abilene and is surrounded by national retailers and hotels. Mall parking directly borders the property along its east and south sides. On-site parking is provided through a 25,821 sf asphalt lot with 65 parking spaces. Built in 1985, the property occupies 0.92 acres and is accessed from Ridgemont Drive.
The property is near the Mall of Abilene and is surrounded by national retailers and hotels. Mall parking directly borders the property along its east and south sides. On-site parking is provided through a 25,821 sf asphalt lot with 65 parking spaces. Built in 1985, the property occupies 0.92 acres and is accessed from Ridgemont Drive.
Key Highlights
- 8,435 square feet of restaurant interior space
- Main dining room plus three additional dining areas
- Second‑story party room with interior and exterior access
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
$84,266
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
3.59%
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%
$1,685,320
$1.7M
Cap Rate 7%
$1,203,800
$1.2M
Cap Rate 9%
$936,289
$936.3K
Market Conditions
NOI Build-Up for 8,435 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
$121.5K $14.40/SF
− Vacancy
−$9.1K −$1.08/SF
EGI
$112.4K $13.32/SF
− OpEx
−$28.1K −$3.33/SF
NOI
$84.3K $9.99/SF
Area
Abilene, TX
Vacancy
7.50%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
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%
$1,685,320
Cap Rate 7%
$1,203,800
Cap Rate 9%
$936,289
Alternative Uses
Best Use
Specialty Retail
$1.20M
$1.05M – $1.40M
NOI $84,266 @ 7.0% cap · market cap 3.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.88M
$1.65M – $2.20M
NOI $131,829 @ 7.0% cap · market cap 5.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,007
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79606, TX
27,818
Population
13,191
Households
2.1
Avg Household Size
36
Median Age
38%
College-Educated
97%
High-School Grad
69.5 sq mi
ZIP Area
400
Density / Sq Mi
$83,201
Median Household Income
$48,062
Median Earnings
$1,165
Median Rent
$248,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Golden Chopsticks — 4358 Sayles Blvd, Abilene, TX 79605
- Buffet Asia — 3366 John Knox Dr, Abilene, TX 79606
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Includes multiple dining areas, an outdoor patio, and a separate space for private events.
Where is this conventional restaurant located?
The property is located at 4109 Ridgemont Drive Abilene, TX.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: 8,435 square feet of restaurant interior space; Main dining room plus three additional dining areas; Second‑story party room with interior and exterior access
