Building Details

Building Size 9,600 SF

Listing Agency: Silver Oak Commercial Realty

Listed By: Russ Webb · License #TX #488983 Show Phone

Source: Silveroakcre

Added: Jun 25 Changed: Oct 1 Last Checked: Oct 16 at 6:20AM

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Investment Insights

Based on property information with market context.

This flex-space property combines 9,600 square feet of office and warehouse area on a 1.35-acre tract. The warehouse is air conditioned and includes an overhead door, while three-phase power supports commercial operations. Outside storage is also part of the property, and the building received a new roof in the last year.

The site fronts South Treadaway Boulevard in Abilene, just off the loop and minutes from downtown Abilene and Abilene Regional Airport. HC zoning and the existing office-warehouse layout support a range of commercial occupancy options within the current improvements.

Key Highlights

• 9,600 SF office and warehouse property
• 1.35‑acre tract with outside storage
• Frontage on South Treadaway Boulevard

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$106,488

Cap Rate

7.47%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,129,760 $2.1M

Cap Rate 7%

$1,521,257 $1.5M

Cap Rate 9%

$1,183,200 $1.2M

Is this asking price fair?

Market Conditions

NOI Build-Up for 9,600 SF

Gross rent

$167.0K $17.40/SF

− Vacancy

−$25.1K −$2.61/SF

EGI

$142.0K $14.79/SF

− OpEx

−$35.5K −$3.70/SF

NOI

$106.5K $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 Rate 5%

$2,129,760

Cap Rate 7%

$1,521,257

Cap Rate 9%

$1,183,200

Alternative Uses

Best Use

Office B

$1.52M

$1.33M – $1.77M (±1% cap)

NOI $106,488 @ 7.0% cap · market cap 7.47%

Second Best

Flex RnD

$1.16M

$1.01M – $1.35M (±1% cap)

NOI $80,945 @ 7.0% cap · market cap 5.68%

Theoretical Best

Office A

$2.14M

$1.88M – $2.50M (±1% cap)

NOI $150,036 @ 7.0% cap · market cap 10.53%

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

Property Analytics

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Current Use

The Monogrammer Textile Manufacturer

Suggested Use

Top Pick Restaurant Law Firm Hair Salon Hotel & Motel Nail Salon Pharmacy

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

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

374

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 79602, TX

25,389

Population

11,127

Households

2.3

Avg Household Size

36

Median Age

34%

College-Educated

91%

High-School Grad

121.7 sq mi

ZIP Area

209

Density / Sq Mi

$84,845

Median Household Income

$39,044

Median Earnings

$1,123

Median Rent

$233,000

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Office and warehouse configuration with outside storage, HC zoning, and direct frontage along Treadaway Boulevard.

Where is this flex space located?

The property is located at 4651 South Treadaway Boulevard Abilene, TX.

What is the asking price?

The asking price for this property is $1,425,000.

What are key features of this property?

This property features: 9,600 SF office and warehouse property; 1.35‑acre tract with outside storage; Frontage on South Treadaway Boulevard