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    Move-In Ready Office Building Title is generated by Realmo AI

    4373 Spindletop Drive, Abilene, TX 79602

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    For Lease
    $3,500 /Mo

    COMMERCIAL - Abilene, TX

    Type:Office
    Lot size:
    0.54 Acres
    Added:
    Mar 9, 2026
    Days on Market:
    88
    Last Refresh:
    Jun 4 at 10:06 pm

    Property Features for 4373 Spindletop Drive

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active
    APN
    72830
    Lot size
    0.54 Acres

    Taxes and HOA fees

    Tax Description
    S TREADAWAY & INDUSTRIAL BLVD PLAZA SEC 3, BL

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Electric, Ceiling Fan(s), Central Air
    Water source
    Public

    Building Details

    Year built
    1985
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Carpet, Tile
    Building materials
    MetalSiding, Rock, Stone
    Roof type
    Metal

    We can help!

    Listing Contact
    Amanda Hatchett

    Listing agent Amanda Hatchett

    Listing office Hatchett & Co. Real Estate Abilene, TX

    Listing date Mar 9, 2026

    MLS# 21197219

    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.

    HighLights

    • Metal and rock office building with a metal roof, built in 1985, with slab foundation
    • Double lot with part of the lot paved for parking, plus a drop box installed in the back door
    • 6 private office spaces plus a reception area that could function as a 7th office
    • Very large conference room with magnetic walls for organizing maps, plans, and diagrams
    • Separate men’s and women’s restrooms, a supply room, and extra decked attic storage
    • Central heat and central air, cooling includes ceiling fans, plus a kitchenette area

    Overview

    Updated office space in Southeast Abilene, housed in a metal-and-rock building with a metal roof and slab foundation. The property sits on a double lot, with part of the lot paved to support parking. Inside, there are six private office spaces plus a reception area that could function as a seventh office. A very large conference room features magnetic walls for flexible presentation and project organization, and the space also includes separate men’s and women’s restrooms, a supply room, and decked attic storage.

    Operational convenience is built into the plan, with a central heat-and-air system and a kitchenette area that supports daily workflow. A drop box is installed in the back door, adding an additional layer of service for office deliveries. The configuration also provides room to adapt, with potential for adding on, fencing, or expanding storage behind or to the south depending on the business direction.

    This building is well-suited for professional teams that need multiple private offices, a dedicated conference space, and a move-in-ready interior. For buyers or operators, the double-lot setup and physical layout offer practical options to scale into additional space or storage as needs change.
    Location Intelligence

    Current Use by Public Records

    Hatchett Co Real ... Real Estate Agency Southern Exploration Inc Oil And Gas Exploration Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Hair Salon Auto Repair Shop Big Box & Wholesale Store Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Abilene
    County
    Taylor
    State
    Texas
    Longitude
    -99.736404
    Latitude
    32.397956

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    FAQs

    What type of property is this?
    Office units - Updated office layout with central HVAC, private offices, and a large conference room, ready to support a growing business.
    Where is this office units located?
    The property is located at 4373 Spindletop Drive Abilene, TX.
    What is the lease rate?
    The lease rate is $3,500 /Mo.
    What are key features of this property?
    This property features: Metal and rock office building with a metal roof, built in 1985, with slab foundation; Double lot with part of the lot paved for parking, plus a drop box installed in the back door; 6 private office spaces plus a reception area that could function as a 7th office
    (325) 695-7300
    We can help!
    Listing Contact
    Amanda Hatchett
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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