Flex Space with Dock
For Sale
$5,100,000
6803 US Highway 277, Abilene, TX 79601
CommercialSale, Abilene, TX
Property Size66,292 SF
Lot Size2.77 Acres
Price / SF$76.93
Days on Market353
Property Features for 6803 US Highway 277
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Out of City Limits
Parking features
Gated
Security features
Security
Subdivision
North Indust District
Directions
From Interstate 20 Take US Hwy 277 North approximately 4 miles and it is on the right.
Standard status
Active
APN
R25913
Lot size
2.77 Acres
Taxes and HOA fees
Tax Description
NORTH INDUSTRIAL DISTR ICT, BLOCK B, N 80 OF
Tax Annual Amount
13509
Legal Description
NORTH INDUSTRIAL DISTR ICT, BLOCK B, N 80 OF
Utilities
Sewer type
Septic Tank
Heating system
Central, Natural Gas
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1967
Floors in Building
1
Number of units
4
Flooring type
Concrete
Building materials
MetalSiding
Roof type
Synthetic, Metal
Listing Agency:
Chris Barnett Real Estate
(325) 201-7679
Listed By:
Chris Barnett · License #0477804
(325) 201-7679
Added: Sep 5, 2025
Changed: Aug 21
Last Checked: Aug 23 at 4:06PM
MLS# 21051999
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This four-building flex facility combines insulated warehouse areas with Class A office space on a reinforced concrete foundation. Construction includes pre-engineered metal panels, steel I-beam framing, galvanized steel roof panels, vinyl-backed insulation, and concrete flooring. The improvements include manually operated overhead doors, dock-high loading, ground-level service doors, and two overhead cranes rated at 5 and 10 tons. Eave heights range from 12 feet to 27 feet.
The property occupies 2.772 acres at 6803 US Highway 277 in Abilene, with access from the highway frontage road approximately 3.5 miles north of Interstate 20. Site features include asphalt-paved yard areas, concrete parking along the frontage road, a 6-foot chain-link perimeter fence, gated parking, and exterior security lighting. A full roof overlay using IB PVC, along with new trim, gutters, and skylights, was completed in 2025. Public water, septic service, natural gas, central heating, and central air are in place.
The property occupies 2.772 acres at 6803 US Highway 277 in Abilene, with access from the highway frontage road approximately 3.5 miles north of Interstate 20. Site features include asphalt-paved yard areas, concrete parking along the frontage road, a 6-foot chain-link perimeter fence, gated parking, and exterior security lighting. A full roof overlay using IB PVC, along with new trim, gutters, and skylights, was completed in 2025. Public water, septic service, natural gas, central heating, and central air are in place.
Key Highlights
- 64,079 sf of insulated warehouse space across 4 buildings
- 2,213 sf of Class A office space
- Dock‑high loading plus ground‑level service doors
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
$449,659
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
8.82%
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%
$8,993,180
$9.0M
Cap Rate 7%
$6,423,700
$6.4M
Cap Rate 9%
$4,996,211
$5.0M
Market Conditions
NOI Build-Up for 66,292 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
$676.2K $10.20/SF
− Vacancy
−$33.8K −$0.51/SF
EGI
$642.4K $9.69/SF
− OpEx
−$192.7K −$2.91/SF
NOI
$449.7K $6.78/SF
Area
Abilene, TX
Vacancy
5.00%
Lease Rate
$10.20 /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%
$8,993,180
Cap Rate 7%
$6,423,700
Cap Rate 9%
$4,996,211
Alternative Uses
Best Use
Office B
$10.50M
$9.19M – $12.26M
NOI $735,344 @ 7.0% cap · market cap 14.42%
Second Best
Flex RnD
$7.99M
$6.99M – $9.32M
NOI $558,961 @ 7.0% cap · market cap 10.96%
Theoretical Best
Office A
$14.80M
$12.95M – $17.27M
NOI $1,036,064 @ 7.0% cap · market cap 20.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
20
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 Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Multi-building industrial facility with warehouse capacity, office space, overhead cranes, and fenced service areas.
Where is this flex space located?
The property is located at 6803 US Highway 277 Abilene, TX.
What is the asking price?
The asking price for this property is $5,100,000.
What are key features of this property?
This property features: 64,079 sf of insulated warehouse space across 4 buildings; 2,213 sf of Class A office space; Dock‑high loading plus ground‑level service doors
