3-Bay Auto Repair
New
For Sale
$299,000
4509 N 1st Street, Abilene, TX 79603
CommercialSale, Abilene, TX
Property Size2,367 SF
Lot Size0.52 Acres
Price / SF$126.32
Days on Market1
Property Features for 4509 N 1st Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
commercial
Parking features
Garage, Parking Lot
Subdivision
Park Plaza
Directions
West on North 1st Street pass Pioneer Street and building will be on the left
Standard status
Active
APN
61547
Lot size
0.52 Acres
Additional Details
Real Estate Included
Yes
Automotive Uses
auto repair
Taxes and HOA fees
Tax Description
PARK PLAZA SEC 2, BLOCK T, CONT 5
Tax Annual Amount
3459
Legal Description
PARK PLAZA SEC 2, BLOCK T, CONT 5
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Ceiling Fan(s), Electric, Central Air
Water source
Public
Amenities
offices
waiting room
breakroom
overhead doors
Building Details
Year built
1975
Floors in Building
1
Number of units
1
Flooring type
Laminate
Building materials
Brick, Frame
Roof type
Composition
Listing Agency:
Coldwell Banker Apex, REALTORS
(325) 690-4000
Listed By:
Lisa Walton
(972) 208-8797
Added: Oct 31
Last Checked: Oct 31 at 6:06PM
MLS# 21425306
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.
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Investment Insights
Based on property information with market context.
This auto-service property includes a 2,367-square-foot building with three repair bays, two vehicle lifts, and tire repair equipment. The interior also contains two offices, a customer waiting room, and a breakroom. A separate 1,400 square feet of warehouse space has eight overhead doors.
The 0.516-acre property was built in 1975. Brick and frame construction, laminate flooring, central heating and air conditioning, public water, and public sewer are noted. Parking includes a garage and a parking lot.
The 0.516-acre property was built in 1975. Brick and frame construction, laminate flooring, central heating and air conditioning, public water, and public sewer are noted. Parking includes a garage and a parking lot.
Key Highlights
- Three auto repair bays with overhead doors
- Two vehicle lifts and tire repair equipment
- 1,400 square feet of warehouse space with 8 overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,121
Cap Rate
6.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$402,420
$402.4K
Cap Rate 7%
$287,443
$287.4K
Cap Rate 9%
$223,567
$223.6K
Market Conditions
NOI Build-Up for 2,367 SF
Gross rent
$31.2K $13.20/SF
− Vacancy
−$2.5K −$1.06/SF
EGI
$28.7K $12.14/SF
− OpEx
−$8.6K −$3.64/SF
NOI
$20.1K $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 Rate 5%
$402,420
Cap Rate 7%
$287,443
Cap Rate 9%
$223,567
Alternative Uses
Best Use
Retail
$287.4K
$251.5K – $335.4K
NOI $20,121 @ 7.0% cap · market cap 6.73%
Second Best
Warehouse
$247.0K
$216.2K – $288.2K
NOI $17,293 @ 7.0% cap · market cap 5.78%
Theoretical Best
Office A
$528.5K
$462.4K – $616.6K
NOI $36,993 @ 7.0% cap · market cap 12.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
3
Drive-in doors
3
Service bays
Location Intelligence
Trade Area within ½ mile
429
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79603, TX
23,746
Population
9,960
Households
2.4
Avg Household Size
35
Median Age
17%
College-Educated
83%
High-School Grad
59.2 sq mi
ZIP Area
401
Density / Sq Mi
$53,579
Median Household Income
$32,339
Median Earnings
$1,022
Median Rent
$114,000
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
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- Rosales Auto Glass — 5126 Lamesa Ave, Abilene, TX 79605
Frequently Asked Questions
What type of property is this?
Auto shop - Repair space is equipped with vehicle lifts, tire-service equipment, offices, a customer waiting area, and a breakroom.
Where is this auto shop located?
The property is located at 4509 N 1st Street Abilene, TX.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Three auto repair bays with overhead doors; Two vehicle lifts and tire repair equipment; 1,400 square feet of warehouse space with 8 overhead doors
