Renovated Flex Space with
For Sale
$350,000
509 S Treadaway Blvd, Abilene, TX 79602
Open commercial interior with updated systems, glass frontage, and large-door access along S Treadaway Blvd.
Property Size2,086 SF
Price / SF$167.79
Days on Market308
Property Features for 509 S Treadaway Blvd
General Information
Standard status
Active
Size
2,086 SF
Property subtype
Commercial
Additional Details
Road Access
Yes
Amenities
epoxy flooring
finished restroom
new climate control systems
upgraded electrical
large garage door
new PTO roof
full glass storefront
Building Details
Year Built
1950
Year Renovated
2021
Buildings
1
Listing Agency:
Tommy Simons (office)
Listed By:
Tommy Simons · License #0583499
(325) 695-3730
Source:
Granburyhomefinder
Added: Dec 9, 2025
Changed: Oct 1
Last Checked: Oct 12 at 7:45PM
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.
Renovated in 2021, this flex space features an open interior with epoxy flooring, a finished restroom, updated climate control, and upgraded electrical service. A large garage door supports convenient access, while the PTO roof adds another recent improvement. The full-glass storefront presents the building directly to the corridor and provides a defined commercial façade.
The property is located at 509 S Treadaway Blvd in Abilene, placing the building along a north–south commercial corridor. Its open configuration can accommodate a range of commercial layouts, including retail, office, service, boutique, and specialty uses as supported by the existing improvements and interior design.
The property is located at 509 S Treadaway Blvd in Abilene, placing the building along a north–south commercial corridor. Its open configuration can accommodate a range of commercial layouts, including retail, office, service, boutique, and specialty uses as supported by the existing improvements and interior design.
Key Highlights
- Renovated in 2021
- Open interior with durable epoxy flooring
- Updated climate control and electrical systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,733
Cap Rate
5.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$354,660
$354.7K
Cap Rate 7%
$253,329
$253.3K
Cap Rate 9%
$197,033
$197.0K
Market Conditions
NOI Build-Up for 2,086 SF
Gross rent
$27.5K $13.20/SF
− Vacancy
−$2.2K −$1.06/SF
EGI
$25.3K $12.14/SF
− OpEx
−$7.6K −$3.64/SF
NOI
$17.7K $8.50/SF
Area
Abilene, TX
Vacancy
8.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$354,660
Cap Rate 7%
$253,329
Cap Rate 9%
$197,033
Alternative Uses
Best Use
Retail
$253.3K
$221.7K – $295.6K
NOI $17,733 @ 7.0% cap · market cap 5.07%
Second Best
Flex RnD
$251.3K
$219.9K – $293.2K
NOI $17,589 @ 7.0% cap · market cap 5.03%
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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,073
Businesses Nearby
Well-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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Open commercial interior with updated systems, glass frontage, and large-door access along S Treadaway Blvd.
Where is this flex space located?
The property is located at 509 S Treadaway Blvd 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: Renovated in 2021; Open interior with durable epoxy flooring; Updated climate control and electrical systems
