Corner Flex Property with
For Sale
$150,000
4840 N 10th Street, Abilene, TX 79603
CommercialSale, Abilene, TX
Property Size1,200 SF
Lot Size0.79 Acres
Price / SF$125
Days on Market90
Property Features for 4840 N 10th Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
GC
Parking features
Parking Lot
Subdivision
Farrington Marketing
Directions
From 84 west loop, exit N 10 St. The property is on the north east corner of N 10th and N Danville Dr.
Standard status
Active
APN
17667
Size
1,200 SF
Lot size
0.79 Acres
Taxes and HOA fees
Tax Description
FARRINGTON MARKETING, BLOCK A, LOT 101 REP
Tax Annual Amount
1320
Legal Description
FARRINGTON MARKETING, BLOCK A, LOT 101 REP
Utilities
Sewer type
Public Sewer
Heating system
Zoned, Electric (Heating)
Cooling system
Zoned, Electric
Water source
Public
Building Details
Year built
2023
Floors in Building
1
Number of units
3
Flooring type
Laminate
Building materials
SteelSiding
Roof type
Metal
Listing Agency:
KW SYNERGY* · Keller Williams Realty
(325) 692-4488
Listed By:
Karlena Brooks · License #0818139
(870) 500-6752
Added: Jun 11
Changed: Sep 4
Last Checked: Sep 8 at 2:06PM
MLS# 21293365
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 flex property combines a professionally finished office building with additional metal structures on a fenced 0.794-acre corner parcel. The approximately 500-square-foot main building contains four rooms, including a reception and waiting area, private offices, storage and coffee space, plus a restroom. Two supplementary buildings measuring approximately 10' x 12' and 30' x 20' add room for storage, equipment, inventory, or workshop functions. The property totals 1,200 square feet and includes a parking lot, metal roofing, laminate flooring, zoned electric heating and cooling, public water, and public sewer.
Positioned at 4840 N 10th Street in Abilene, the site fronts Hwy 277 North and offers multiple ingress and egress points. General Commercial and General Retail zoning support a range of commercial applications, subject to applicable requirements. The property is currently leased on a month-to-month basis, providing an existing occupancy arrangement while preserving future flexibility.
Positioned at 4840 N 10th Street in Abilene, the site fronts Hwy 277 North and offers multiple ingress and egress points. General Commercial and General Retail zoning support a range of commercial applications, subject to applicable requirements. The property is currently leased on a month-to-month basis, providing an existing occupancy arrangement while preserving future flexibility.
Key Highlights
- 0.794‑acre fenced corner parcel at 4840 N 10th Street, Abilene, TX 79603
- Approximately 500‑square‑foot finished 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
8.87%
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 8.87%
Second Best
Flex RnD
$144.5K
$126.5K – $168.6K
NOI $10,118 @ 7.0% cap · market cap 6.75%
Theoretical Best
Office A
$267.9K
$234.4K – $312.6K
NOI $18,755 @ 7.0% cap · market cap 12.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
100%
Occupancy
Single-tenant
Tenancy
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
112
Businesses Nearby
Under-served
Demand for This Use
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?
Flex space - Fenced commercial site with finished offices, accessory buildings, and multiple access points along Hwy 277 North.
Where is this flex space located?
The property is located at 4840 N 10th Street Abilene, TX.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: 0.794‑acre fenced corner parcel at 4840 N 10th Street, Abilene, TX 79603; Approximately 500‑square‑foot finished office building with four rooms; Two additional metal buildings: approximately 10' x 12' and 30' x 20'
