Updated Storefront
For Sale
$215,000
626 Grand Avenue, Abilene, TX 79605
Updated commercial space with accessible entry, central HVAC, refreshed systems, and a concrete parking area.
Property Size1,066 SF
Price / SF$201.69
Days on Market19
Property Features for 626 Grand Avenue
General Information
Standard status
Active
Size
1,066 SF
Property subtype
Retail
Zoning
General Commercial
Amenities
handicap-accessible front entrance
central heating and air conditioning
concrete parking area
Gas
3
Building Details
Year Built
1925
Buildings
1
Listing Agency:
RE/MAX Big Country
(325) 721-8551
Listed By:
Brandi Smith Smith · License #0581442
(325) 721-8551
Source:
Xome
Added: Jul 31
Changed: Aug 17
Last Checked: Aug 18 at 4:18AM
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 RE/MAX Big Country
Investment Insights
Based on property information with market context.
Built in 1925, this storefront property at 626 Grand Avenue combines an established commercial layout with substantial system and finish updates. Improvements include electrical and plumbing work, central heating and air conditioning, a water heater, updated flooring, and a concrete parking area. The front entrance is handicap accessible, supporting customer-facing operations.
The building is currently operating as an antique store and has also accommodated a bookstore and hair salon. General Commercial zoning provides the applicable land-use framework, with buyers encouraged to confirm zoning and intended use with the City of Abilene. The property offers a compact commercial setting with a documented history of varied retail and service uses.
The building is currently operating as an antique store and has also accommodated a bookstore and hair salon. General Commercial zoning provides the applicable land-use framework, with buyers encouraged to confirm zoning and intended use with the City of Abilene. The property offers a compact commercial setting with a documented history of varied retail and service uses.
Key Highlights
- Storefront property at 626 Grand Avenue, Abilene, TX 79605
- Built in 1925 with updated electrical and plumbing systems
- Central heating and air conditioning plus a newer water heater
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
$9,062
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
4.21%
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%
$181,240
$181.2K
Cap Rate 7%
$129,457
$129.5K
Cap Rate 9%
$100,689
$100.7K
Market Conditions
NOI Build-Up for 1,066 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
$14.1K $13.20/SF
− Vacancy
−$1.1K −$1.06/SF
EGI
$12.9K $12.14/SF
− OpEx
−$3.9K −$3.64/SF
NOI
$9.1K $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 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%
$181,240
Cap Rate 7%
$129,457
Cap Rate 9%
$100,689
Alternative Uses
Best Use
Retail
$129.5K
$113.3K – $151.0K
NOI $9,062 @ 7.0% cap · market cap 4.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$238.0K
$208.3K – $277.7K
NOI $16,660 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
505
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79605, TX
30,239
Population
12,795
Households
2.4
Avg Household Size
35
Median Age
25%
College-Educated
87%
High-School Grad
11.0 sq mi
ZIP Area
2,749
Density / Sq Mi
$59,565
Median Household Income
$33,537
Median Earnings
$1,077
Median Rent
$159,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - Updated commercial space with accessible entry, central HVAC, refreshed systems, and a concrete parking area.
Where is this storefront property located?
The property is located at 626 Grand Avenue Abilene, TX.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Storefront property at 626 Grand Avenue, Abilene, TX 79605; Built in 1925 with updated electrical and plumbing systems; Central heating and air conditioning plus a newer water heater
