Corner Office Building with
For Sale
$175,000
4840 N 10th St, Abilene, TX 79603
Fenced General Commercial and General Retail property with multiple access points and a flexible office layout.
Property Size500 SF
Price / SF$145.83
Days on Market10
Property Features for 4840 N 10th St
General Information
Standard status
Active
Size
500 SF
Zoning
General Commercial and General Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Additional Details
Land Use
commercial, office, retail
Amenities
workshop
storage building
Building Details
Year Built
2023
Buildings
3
Building Size
500 SF
Construction
metal building
Abandoned
No
Listing Agency:
KW SYNERGY*
Listed By:
Karlena Brooks · License #0818139
(325) 692-4488
Source:
Heritance
Added: Aug 25
Changed: Aug 28
Last Checked: Sep 1 at 10:37PM
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.
This 2023 office property includes an approximately 500-square-foot finished metal building arranged as a four-room workplace. The interior provides reception and waiting space, a main office, a private office, storage and coffee areas, and a restroom. Two additional metal buildings expand the site’s functional capacity for storage, equipment, inventory, workshop activities, or business operations. The property size is listed at 1,200 square feet.
The asset occupies a fenced corner lot just under one acre at 4840 N 10th Street in Abilene, east of Hwy 277 North. It is adjacent to Stafford Elementary School and the Boys & Girls Club of Abilene, with multiple points of ingress and egress. General Commercial and General Retail zoning support a range of commercial applications, including professional offices, retail, convenience, food service, auto sales, and equipment rental.
The asset occupies a fenced corner lot just under one acre at 4840 N 10th Street in Abilene, east of Hwy 277 North. It is adjacent to Stafford Elementary School and the Boys & Girls Club of Abilene, with multiple points of ingress and egress. General Commercial and General Retail zoning support a range of commercial applications, including professional offices, retail, convenience, food service, auto sales, and equipment rental.
Key Highlights
- 2023 office property with a listed property size of 1,200 square feet
- Approximately 500‑square‑foot finished metal office building with four rooms
- Two additional metal buildings: 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
$13,311
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
7.61%
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%
$266,220
$266.2K
Cap Rate 7%
$190,157
$190.2K
Cap Rate 9%
$147,900
$147.9K
Market Conditions
NOI Build-Up for 1,200 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
$20.9K $17.40/SF
− Vacancy
−$3.1K −$2.61/SF
EGI
$17.7K $14.79/SF
− OpEx
−$4.4K −$3.70/SF
NOI
$13.3K $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%
$266,220
Cap Rate 7%
$190,157
Cap Rate 9%
$147,900
Alternative Uses
Best Use
Office B
$190.2K
$166.4K – $221.9K
NOI $13,311 @ 7.0% cap · market cap 7.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$267.9K
$234.4K – $312.6K
NOI $18,755 @ 7.0% cap · market cap 10.72%
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 General Commercial and General Retail property with multiple access points and a flexible office layout.
Where is this office building located?
The property is located at 4840 N 10th St 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: 2023 office property with a listed property size of 1,200 square feet; Approximately 500‑square‑foot finished metal office building with four rooms; Two additional metal buildings: approximately 10' x 12' and 30' x 20'
