Corner Office
New
For Sale
$175,000
4840 N 10th Street, Abilene, TX 79603
Fenced commercial parcel offers multiple access points, supplemental storage buildings, and a four-room office configuration.
Property Size1,200 SF
Price / SF$350
Days on Market3
Property Features for 4840 N 10th Street
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Commercial
Zoning
GC
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Additional Details
Gross Income
$18,000
Land Use
commercial
Building Details
Building Size
1,200 SF
Year Built
2023
Buildings
3
Stories
1
Units
3
Construction
metal
Listing Agency:
KW SYNERGY*
(870) 500-6752
Listed By:
Karlena Brooks · License #0818139
(870) 500-6752
Source:
1111brokerage
Added: Aug 20
Changed: Aug 21
Last Checked: Aug 22 at 2:16PM
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 KW SYNERGY*
Investment Insights
Based on property information with market context.
Built in 2023, the property includes an approximately 500-square-foot metal building arranged as four office rooms with reception and waiting space, a main office, private office area, storage and coffee room, and restroom. Two additional metal structures provide separate utility and storage areas, while the fenced corner site includes multiple ingress and egress points. The property is zoned GC and is located at 4840 N. 10th Street in Abilene, on the east side of Hwy 277 North. Stafford Elementary School and the Boys & Girls Club of Abilene are adjacent to the property. Current occupancy is on a month-to-month basis.
Key Highlights
- Approximately 500 square feet of finished office space
- Four‑room office layout with reception, waiting area, private office, storage and coffee room, and restroom
- Two additional metal buildings measuring approximately 10' x 12' and 30' x 20'
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
$5,546
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
3.17%
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%
$110,920
$110.9K
Cap Rate 7%
$79,229
$79.2K
Cap Rate 9%
$61,622
$61.6K
Market Conditions
NOI Build-Up for 500 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
$8.7K $17.40/SF
− Vacancy
−$1.3K −$2.61/SF
EGI
$7.4K $14.79/SF
− OpEx
−$1.8K −$3.70/SF
NOI
$5.5K $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 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%
$110,920
Cap Rate 7%
$79,229
Cap Rate 9%
$61,622
Alternative Uses
Best Use
Office B
$79.2K
$69.3K – $92.4K
NOI $5,546 @ 7.0% cap · market cap 3.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$111.6K
$97.7K – $130.2K
NOI $7,814 @ 7.0% cap · market cap 4.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
112
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
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Frequently Asked Questions
What type of property is this?
Office building - Fenced commercial parcel offers multiple access points, supplemental storage buildings, and a four-room office configuration.
Where is this office building located?
The property is located at 4840 N 10th Street Abilene, TX.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Approximately 500 square feet of finished office space; Four‑room office layout with reception, waiting area, private office, storage and coffee room, and restroom; Two additional metal buildings measuring approximately 10' x 12' and 30' x 20'
