Flex Space with
For Sale
$427,500
627 - 623 Pine St, Abilene, TX 79601
Two-sided layout combines showrooms, offices, warehouses, kitchenettes, and restrooms.
Property Size4,020 SF
Price / SF$106.34
Days on Market89
Property Features for 627 - 623 Pine St
General Information
Standard status
Active
Size
4,020 SF
Additional Details
Road Access
Yes
Building Details
Year Built
1965
Listing Agency:
Real Broker, LLC
Listed By:
Tonya Harbin · License #0565908
(512) 960-3253
Source:
Yourdavisteam
Added: Jul 20
Changed: Oct 13
Last Checked: Oct 7 at 5:21PM
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 Real Broker, LLC
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Investment Insights
Based on property information with market context.
This 4,020-square-foot flex property, built in 1965, is arranged as two connected business areas. The first includes a showroom with picture windows, a private office, a second showroom, and a warehouse with a restroom. The other side provides two showroom areas, two offices, a kitchenette, a restroom, and an additional warehouse suited to storage, distribution, or workspace use.
Located at 627 623 Pine St in downtown Abilene, the property sits directly across from the Abilene Convention Center and offers street frontage. Parking spaces have been newly painted. The building’s combination of customer-facing areas, offices, warehouse space, and support rooms accommodates a range of commercial configurations within one property.
Located at 627 623 Pine St in downtown Abilene, the property sits directly across from the Abilene Convention Center and offers street frontage. Parking spaces have been newly painted. The building’s combination of customer-facing areas, offices, warehouse space, and support rooms accommodates a range of commercial configurations within one property.
Key Highlights
- 4,020 SF flex property built in 1965
- Two‑sided configuration with separate showroom, office, warehouse, kitchenette, and restroom areas
- Large showroom areas include picture windows and new carpet on one side
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,173
Cap Rate
7.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$683,460
$683.5K
Cap Rate 7%
$488,186
$488.2K
Cap Rate 9%
$379,700
$379.7K
Market Conditions
NOI Build-Up for 4,020 SF
Gross rent
$53.1K $13.20/SF
− Vacancy
−$4.2K −$1.06/SF
EGI
$48.8K $12.14/SF
− OpEx
−$14.6K −$3.64/SF
NOI
$34.2K $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%
$683,460
Cap Rate 7%
$488,186
Cap Rate 9%
$379,700
Alternative Uses
Best Use
Office B
$637.0K
$557.4K – $743.2K
NOI $44,592 @ 7.0% cap · market cap 10.43%
Second Best
Retail
$488.2K
$427.2K – $569.6K
NOI $34,173 @ 7.0% cap · market cap 7.99%
Theoretical Best
Office A
$897.5K
$785.4K – $1.05M
NOI $62,828 @ 7.0% cap · market cap 14.70%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,423
Businesses Nearby
Balanced
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Haley Jo on the Go — 244 Pine St, Abilene, TX 79601
- Sodexo — 241 Pine St, Abilene, TX 79601
Frequently Asked Questions
What type of property is this?
Flex space - Two-sided layout combines showrooms, offices, warehouses, kitchenettes, and restrooms.
Where is this flex space located?
The property is located at 627 - 623 Pine St Abilene, TX.
What is the asking price?
The asking price for this property is $427,500.
What are key features of this property?
This property features: 4,020 SF flex property built in 1965; Two‑sided configuration with separate showroom, office, warehouse, kitchenette, and restroom areas; Large showroom areas include picture windows and new carpet on one side
