Professional Office Building with Private
For Sale
$399,000
4625 N 1st St, Abilene, TX 79603
All-electric office property with conference space, kitchen area, restrooms, and concrete parking.
Property Size1,953 SF
Price / SF$204.30
Days on Market12
Property Features for 4625 N 1st St
General Information
Standard status
Active
Size
1,953 SF
Additional Details
Highway Access
Yes
Amenities
private offices
executive offices
conference area
restrooms
kitchen break area
Building Details
Year Built
1973
Buildings
1
Construction
stucco
Listing Agency:
Epique Realty LLC
Listed By:
Robbie Johnson · License #0660906
(512) 387-0722
Source:
Yourdavisteam
Added: Aug 24
Changed: Aug 29
Last Checked: Sep 4 at 8:33AM
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 Epique Realty LLC
Investment Insights
Based on property information with market context.
This office building contains eight private offices, including three executive offices, with one executive office connected to a conference or meeting area. The layout also includes two restrooms and a kitchen break area. The all-electric property has an updated stucco exterior with added insulation and a concrete parking area. Built in 1973, it is currently used as an operating business office.
The property is located at 4625 N 1st St near Winters Freeway, with access to Interstate 20 and other major transportation corridors. It is approximately five minutes from the Stargate AI data center development and nearby technology, commercial, industrial, and infrastructure projects. The site is positioned within an established commercial and industrial context in Abilene and includes on-site parking for employees, clients, vendors, and visitors.
The property is located at 4625 N 1st St near Winters Freeway, with access to Interstate 20 and other major transportation corridors. It is approximately five minutes from the Stargate AI data center development and nearby technology, commercial, industrial, and infrastructure projects. The site is positioned within an established commercial and industrial context in Abilene and includes on-site parking for employees, clients, vendors, and visitors.
Key Highlights
- Eight private offices, including three executive offices
- Executive office with adjoining conference or meeting area
- Two restrooms and a kitchen break area
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
$21,664
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
5.43%
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%
$433,280
$433.3K
Cap Rate 7%
$309,486
$309.5K
Cap Rate 9%
$240,711
$240.7K
Market Conditions
NOI Build-Up for 1,953 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
$34.0K $17.40/SF
− Vacancy
−$5.1K −$2.61/SF
EGI
$28.9K $14.79/SF
− OpEx
−$7.2K −$3.70/SF
NOI
$21.7K $11.09/SF
Area
Abilene, TX
Vacancy
15.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
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%
$433,280
Cap Rate 7%
$309,486
Cap Rate 9%
$240,711
Alternative Uses
Best Use
Office B
$309.5K
$270.8K – $361.1K
NOI $21,664 @ 7.0% cap · market cap 5.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$436.0K
$381.5K – $508.7K
NOI $30,523 @ 7.0% cap · market cap 7.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
364
Businesses Nearby
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - All-electric office property with conference space, kitchen area, restrooms, and concrete parking.
Where is this office building located?
The property is located at 4625 N 1st St Abilene, TX.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Eight private offices, including three executive offices; Executive office with adjoining conference or meeting area; Two restrooms and a kitchen break area
