Commercial Land with Existing
New
For Sale
$2,900,000
4515 S 14th St, Abilene, TX 79605
Medium-density zoning accompanies a substantial existing facility with multiple rooms, gathering areas, and on-site parking.
Property Size18,753 SF
Price / SF$154.64
Days on Market7
Property Features for 4515 S 14th St
General Information
Standard status
Active
Size
18,753 SF
Building Details
Year Built
1990
Listing Agency:
Berkshire Hathaway HS Stovall
(325) 691-1410
Listed By:
Sandra Minnick · License #0686545
Source:
Minteerteam
Added: Aug 24
Changed: Aug 29
Last Checked: Aug 25 at 5:10AM
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 Berkshire Hathaway HS Stovall
Investment Insights
Based on property information with market context.
This commercial land property includes an existing 18,753 SF campus built in 1990. The improvements contain multiple rooms, large gathering areas, and on-site parking, providing a physical layout suited to continued institutional occupancy such as church, school, medical, or community-center use.
Located at 4515 S 14th St in Abilene, the property offers approximately 382 feet of frontage along S 14th Street. The site is near established residential neighborhoods and retail corridors in south Abilene. Medium Density (MD) zoning is identified for the property, with the source information citing potential for townhomes, patio homes, and other residential or mixed-use redevelopment.
Located at 4515 S 14th St in Abilene, the property offers approximately 382 feet of frontage along S 14th Street. The site is near established residential neighborhoods and retail corridors in south Abilene. Medium Density (MD) zoning is identified for the property, with the source information citing potential for townhomes, patio homes, and other residential or mixed-use redevelopment.
Key Highlights
- 18,753 SF existing campus built in 1990
- Approximately 382 feet of frontage on S 14th Street
- Medium Density (MD) zoning
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
$191,984
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
6.62%
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%
$3,839,680
$3.8M
Cap Rate 7%
$2,742,629
$2.7M
Cap Rate 9%
$2,133,156
$2.1M
Market Conditions
NOI Build-Up for 18,753 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
$337.6K $18.00/SF
− Vacancy
−$30.4K −$1.62/SF
EGI
$307.2K $16.38/SF
− OpEx
−$115.2K −$6.14/SF
NOI
$192.0K $10.24/SF
Area
Abilene, TX
Vacancy
9.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
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%
$3,839,680
Cap Rate 7%
$2,742,629
Cap Rate 9%
$2,133,156
Alternative Uses
Best Use
Mixed Use
$2.74M
$2.40M – $3.20M
NOI $191,984 @ 7.0% cap · market cap 6.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.19M
$3.66M – $4.88M
NOI $293,087 @ 7.0% cap · market cap 10.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
531
Businesses Nearby
Explore this area
Business Placement
Demographics for 79605, TX
30,239
Population
12,795
Households
2.4
Avg Household Size
35
Median Age
25%
College-Educated
87%
High-School Grad
11.0 sq mi
ZIP Area
2,749
Density / Sq Mi
$59,565
Median Household Income
$33,537
Median Earnings
$1,077
Median Rent
$159,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Medium-density zoning accompanies a substantial existing facility with multiple rooms, gathering areas, and on-site parking.
Where is this commercial land located?
The property is located at 4515 S 14th St Abilene, TX.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: 18,753 SF existing campus built in 1990; Approximately 382 feet of frontage on S 14th Street; Medium Density (MD) zoning
