Restaurant Property Near Mall of
For Sale
$2,350,000
4109 Ridgemont Dr, Abilene, TX 79606
High-visibility restaurant property with ample parking near national retailers.
Property Size8,435 SF
Lot Size0.59 Acres
Price / SF$278.60
Days on Market220
Property Features for 4109 Ridgemont Dr
General Information
Standard status
Active
Size
8,435 SF
Lot size
0.59 Acres
Site & Location
Neighborhood
Red Bud Park Area
Building Details
Year Built
1985
Listing Agency:
Barnett & Hill
Listed By:
John Hill · License #0627718
(325) 721-4428
Source:
Heritance
Added: Mar 26
Changed: Oct 25
Last Checked: Oct 7 at 4:42PM
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
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Investment Insights
Based on property information with market context.
This commercial property, built in 1985, is located near the Mall of Abilene. The 8,435 square feet of interior space is currently configured as a restaurant, featuring a primary dining room and three additional dining areas, along with an outdoor patio. A second-story party room, accessible from both inside and outside, is available for private events. The property includes 65 parking spaces within a 25,821 square foot asphalt parking lot. Additional parking is available adjacent to the property, provided by the Mall of Abilene to the east and south. The property benefits from a high-visibility, high-traffic location, surrounded by national retailers and hotels. This property offers potential for various commercial uses.
Key Highlights
- High‑visibility, high‑traffic location near the Mall of Abilene.
- Substantial 8435 sq ft interior space with multiple dining areas.
- Ample parking with 65 spaces and an adjacent mall parking lot.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,266
Cap Rate
3.59%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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 - High-visibility restaurant property with ample parking near national retailers.
Where is this conventional restaurant located?
The property is located at 4109 Ridgemont Dr 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: High‑visibility, high‑traffic location near the Mall of Abilene.; Substantial 8435 sq ft interior space with multiple dining areas.; Ample parking with 65 spaces and an adjacent mall parking lot.
