Metal Office
4373 Spindletop Drive Abilene, TX 79602
4373 Spindletop Drive, Abilene, TX, 79602
$524,900
For Sale
$524,900
Updated office building on a double lot with paved parking, central HVAC, and multiple private offices.
Property Size2,664 SF
Price / SF$197.03
Days on Market176
Property Features for 4373 Spindletop Drive
General Information
- Standard status
- Active
- Size
- 2,664 SF
- Property subtype
- Office
Building Details
- Year Built
- 1985
Listing agency
Hatchett & Co. Real Estate
(325) 370-5159
Listed by
Amanda Hatchett · License #0580540
(325) 370-5159
Source
Xome
Added: Jan 26 Updated: Jul 20 at 5:31PM Checked: Jul 21 at 3:06AM
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 Hatchett & Co. Real Estate
Investment Insights
Based on property information with market context.
This metal and rock office building features a metal roof with a slab foundation and sits on a double lot with part of the lot paved for parking. The interior includes six private office spaces, along with a reception area that could function as an additional office. A very large conference room with magnetic walls is supported by separate men’s and women’s restrooms, a supply room, and extra decked attic storage.
The building includes a kitchenette area, central heat and air, and a drop box installed in a back door. Additional decked attic storage is included, supporting organization for office needs.
In addition to the current office configuration, the property description notes flexibility for potential expansion, such as adding on, fencing, or adding warehouse storage behind or to the south, depending on the business plan.
The building includes a kitchenette area, central heat and air, and a drop box installed in a back door. Additional decked attic storage is included, supporting organization for office needs.
In addition to the current office configuration, the property description notes flexibility for potential expansion, such as adding on, fencing, or adding warehouse storage behind or to the south, depending on the business plan.
Key Highlights
- Updated office building on a double lot with paved parking and asphalt city road access
- Metal and rock exterior with a metal roof and slab foundation; built in 1985
- 6 private offices plus a reception area that could be used as a 7th office
Local Financial Insights For Office B
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 | $46.4k | $17.40 |
| − Vacancy | −$7.0k | −$2.61 |
| EGI | $39.4k | $14.79 |
| − OpEx | −$9.9k | −$3.70 |
| NOI | $29.6k | $11.09 |
2,664 SF · lease $17.40/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$422.1K
$369.4K – $492.5K
NOI $29,550 @ 7.0% cap · market cap 5.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$594.8K
$520.4K – $693.9K
NOI $41,635 @ 7.0% cap · market cap 7.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Hatchett Co Real ...
Real Estate Agency
Southern Exploration Inc
Oil And Gas Exploration Service
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Updated office building on a double lot with paved parking, central HVAC, and multiple private offices.
Where is this office building located?
The property is located at 4373 Spindletop Drive Abilene, TX.
What is the asking price?
The asking price for this property is $524,900.
What are key features of this property?
This property features: Updated office building on a double lot with paved parking and asphalt city road access; Metal and rock exterior with a metal roof and slab foundation; built in 1985; 6 private offices plus a reception area that could be used as a 7th office
