Flex Space with Glass
For Sale
$350,000
509 S Treadaway Boulevard, Abilene, TX 79602
Recently renovated flex building with a full glass storefront and large garage door for versatile retail or service use.
Property Size2,086 SF
Price / SF$167.79
Days on Market92
Property Features for 509 S Treadaway Boulevard
General Information
Standard status
Active
Size
2,086 SF
Property subtype
Retail
Additional Details
Drive-In Doors
1
Building Details
Year Built
1950
Year Renovated
2021
Listing Agency:
Tommy Simons (office)
(325) 721-8800
Listed By:
Tommy Simons · License #0583499
(325) 721-8800
Source:
Xome
Added: May 2
Changed: Jul 10
Last Checked: Jun 15 at 1:34AM
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 Tommy Simons (office)
Investment Insights
Based on property information with market context.
This recently renovated flex space was updated in 2021 and is designed for straightforward day-to-day operations. The interior includes durable epoxy flooring, a finished restroom, new climate control systems, and upgraded electrical. Access is supported by a large garage door, and the building features a full glass storefront that provides visibility from street level. An open layout throughout allows for flexible configurations to fit retail, office, service-based, or specialty commercial uses.
The property is located at 509 S Treadaway Boulevard in Abilene, on a north–south corridor described in the listing as one of the area’s most traveled routes. Daily traffic and curb visibility are further supported by the storefront presentation.
For tenants or buyers seeking a turn-key commercial footprint that can be adapted to different concepts, this building offers a practical combination of customer-facing frontage and functional access. With updated infrastructure elements already in place, it is well-suited for an operator looking to move in and configure the space for their specific needs. The listing also notes a newly installed PTO roof.
The property is located at 509 S Treadaway Boulevard in Abilene, on a north–south corridor described in the listing as one of the area’s most traveled routes. Daily traffic and curb visibility are further supported by the storefront presentation.
For tenants or buyers seeking a turn-key commercial footprint that can be adapted to different concepts, this building offers a practical combination of customer-facing frontage and functional access. With updated infrastructure elements already in place, it is well-suited for an operator looking to move in and configure the space for their specific needs. The listing also notes a newly installed PTO roof.
Key Highlights
- Recently renovated flex/commercial building (renovated in 2021)
- Full glass storefront plus an open interior layout for adaptable commercial use
- Large garage door for easy vehicle access
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.3k | $17.40 |
| − Vacancy | −$5.4k | −$2.61 |
| EGI | $30.9k | $14.79 |
| − OpEx | −$7.7k | −$3.70 |
| NOI | $23.1k | $11.09 |
2,086 SF · lease $17.40/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$330.6K
$289.2K – $385.7K
NOI $23,139 @ 7.0% cap · market cap 6.61%
Second Best
Retail
$253.3K
$221.7K – $295.6K
NOI $17,733 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$465.7K
$407.5K – $543.4K
NOI $32,602 @ 7.0% cap · market cap 9.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
172
Businesses Nearby
Under-served
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Recently renovated flex building with a full glass storefront and large garage door for versatile retail or service use.
Where is this flex space located?
The property is located at 509 S Treadaway Boulevard Abilene, TX.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Recently renovated flex/commercial building (renovated in 2021); Full glass storefront plus an open interior layout for adaptable commercial use; Large garage door for easy vehicle access
