Professional Office
New
For Sale
$399,000
4625 N 1st Street, Abilene, TX 79603
CommercialSale, Abilene, TX
Property Size2,000 SF
Lot Size0.17 Acres
Price / SF$199.50
Days on Market2
Property Features for 4625 N 1st Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
GC
Parking features
Parking Lot
Subdivision
Park Plaza
Directions
South 1st to Pioneer, turn left, left on N 1st. Building is on the left.
Standard status
Active
APN
59767
Lot size
0.17 Acres
Taxes and HOA fees
Tax Description
PARK PLAZA SEC 1, LOT W255 OF LT 1 CONT 2
Tax Annual Amount
4111
Legal Description
PARK PLAZA SEC 1, LOT W255 OF LT 1 CONT 2
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
eight private offices
three executive offices
conference or meeting area
two restrooms
kitchen break area
updated stucco exterior with added insulation
Building Details
Year built
1973
Floors in Building
1
Number of units
1
Flooring type
Carpet, Tile
Building materials
Stucco
Roof type
Flat
Listing Agency:
Epique Realty LLC
(512) 387-0722
Listed By:
Robbie Johnson · License #0660906
(512) 387-0722
Added: Aug 21
Changed: Aug 22
Last Checked: Aug 22 at 10:06PM
MLS# 21366121
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.
Investment Insights
Based on property information with market context.
This office building at 4625 N 1st Street includes eight private offices, including three executive offices. One executive office has an adjoining conference or meeting area, while two restrooms and a kitchen break area support daily operations. The all-electric property has an updated stucco exterior with added insulation, carpet and tile flooring, central heating and central air, and a flat roof. A concrete parking area provides on-site parking, and the building is currently used as an operating business office.
The property is near North 1st Street and 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 investment. Public water and public sewer serve the property, which occupies 0.167 acres.
The property is near North 1st Street and 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 investment. Public water and public sewer serve the property, which occupies 0.167 acres.
Key Highlights
- Eight private offices, including three executive offices
- Adjoining conference or meeting area in one executive office
- 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
$22,185
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
5.56%
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%
$443,700
$443.7K
Cap Rate 7%
$316,929
$316.9K
Cap Rate 9%
$246,500
$246.5K
Market Conditions
NOI Build-Up for 2,000 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
$34.8K $17.40/SF
− Vacancy
−$5.2K −$2.61/SF
EGI
$29.6K $14.79/SF
− OpEx
−$7.4K −$3.70/SF
NOI
$22.2K $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%
$443,700
Cap Rate 7%
$316,929
Cap Rate 9%
$246,500
Alternative Uses
Best Use
Office B
$316.9K
$277.3K – $369.8K
NOI $22,185 @ 7.0% cap · market cap 5.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$446.5K
$390.7K – $521.0K
NOI $31,258 @ 7.0% cap · market cap 7.83%
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 - Functional office layout with private rooms, meeting space, kitchen facilities, and on-site concrete parking.
Where is this office building located?
The property is located at 4625 N 1st Street 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; Adjoining conference or meeting area in one executive office; Two restrooms and a kitchen break area
