Building Details

Year Built 1990

Listing Agency: Berkshire Hathaway HS Stovall

Listed By: Sandra Minnick · License #0686545 Show Phone

Source: Minteerteam

Added: Aug 24 Changed: Oct 2 Last Checked: Oct 7 at 2:55PM

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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.

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 / Yr

$191,984

Cap Rate

6.62%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,839,680 $3.8M

Cap Rate 7%

$2,742,629 $2.7M

Cap Rate 9%

$2,133,156 $2.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 18,753 SF

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 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 (±1% cap)

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 (±1% cap)

NOI $293,087 @ 7.0% cap · market cap 10.11%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Westminster Presbyterian Church Church

Suggested Use

Top Pick Law Firm Restaurant HVAC Service Kitchen & Bath Showroom Accounting Firm Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

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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