Building Details

Building Size 41,042 SF

Year Built 1981

Buildings 1

Stories 1

Units 1

Listing Agency: Barnett & Hill Show Phone

Listed By: Timothy Smith · License #0824681 Show Phone

Source: Cogburnrealestate

Added: Oct 22 Changed: Oct 25 Last Checked: Oct 29 at 9:42PM

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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 Barnett & Hill

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Investment Insights

Based on property information with market context.

This 41,042-square-foot warehouse property was built in 1981 and sits on 7.6 fenced acres. The building includes 5,776 square feet of office space, four restrooms, 3-phase power, a loading dock, and a heated paint booth room. Light Industrial zoning is reported for the property.

An asphalt parking area and additional yard space are part of the site. The property is positioned between I-20 and East US Highway 80.

Key Highlights

• 41,042‑square‑foot warehouse property on 7.6 fenced acres
• 5,776 square feet of office space and four restrooms
• 3‑phase power and a heated paint booth room

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$299,843

Cap Rate

7.69%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,996,860 $6.0M

Cap Rate 7%

$4,283,471 $4.3M

Cap Rate 9%

$3,331,589 $3.3M

Is this asking price fair?

Market Conditions

NOI Build-Up for 41,042 SF

Gross rent

$369.4K $9.00/SF

− Vacancy

−$16.6K −$0.41/SF

EGI

$352.8K $8.59/SF

− OpEx

−$52.9K −$1.29/SF

NOI

$299.8K $7.31/SF

Area

Abilene, TX

Vacancy

4.50%

Lease Rate

$9.00 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,996,860

Cap Rate 7%

$4,283,471

Cap Rate 9%

$3,331,589

Alternative Uses

Best Use

Warehouse

$4.28M

$3.75M – $5.00M (±1% cap)

NOI $299,843 @ 7.0% cap · market cap 7.69%

Second Best

Industrial

$3.98M

$3.48M – $4.64M (±1% cap)

NOI $278,388 @ 7.0% cap · market cap 7.14%

Theoretical Best

Office A

$9.16M

$8.02M – $10.69M (±1% cap)

NOI $641,437 @ 7.0% cap · market cap 16.45%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Manufacturing properties

Suggested Use

Top Pick Parking Lot & Garage Plumbing Service Building Supply Auto Parts Store Garden Center (Bike/Boat/Book/etc) Store

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

1

Dock-high doors

Yes

Fenced yard

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

34

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 79601, TX

26,515

Population

9,422

Households

2.8

Avg Household Size

32

Median Age

21%

College-Educated

84%

High-School Grad

263.0 sq mi

ZIP Area

101

Density / Sq Mi

$54,515

Median Household Income

$24,704

Median Earnings

$988

Median Rent

$182,900

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Warehouse - Fenced industrial acreage includes office space, a loading dock, and a dedicated heated paint room.

Where is this warehouse located?

The property is located at 5050 E Us Highway 80 Abilene, TX.

What is the asking price?

The asking price for this property is $3,900,000.

What are key features of this property?

This property features: 41,042‑square‑foot warehouse property on 7.6 fenced acres; 5,776 square feet of office space and four restrooms; 3‑phase power and a heated paint booth room