Industrial Flex Property with Two
761 Arnold Boulevard Abilene, TX 79605
761 Arnold Boulevard, Abilene, TX, 79605
$499,900
For Sale
$499,900
COMMERCIAL - Abilene, TX
Property Size4,905 SF
Lot Size1.10 Acres
Price / SF$101.92
Days on Market9
Property Features for 761 Arnold Boulevard
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 60289
- Lot size
- 1.10 Acres
Taxes and HOA fees
- Tax Description
- CHARLES L MARSHALL SUB, BLOCK A, LOT E83.27 F
- Tax Annual Amount
- 213
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1958
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Concrete
- Building materials
- Brick, Block
- Roof type
- Synthetic
Listing Agency
Tommy Simons (office)
(325) 721-8800
Abilene, TX
Listed by
Tommy Simons · License #0583499
(325) 721-8800
Added: Jul 10 Checked: Jul 18 at 5:06 am
MLS# 21228123
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.
Industrial flex property consisting of two versatile buildings totaling 4,905 sq ft on a 1.1-acre lot. The improvements are extensive and include new central heat and AC, a new roof, upgraded electrical, energy-efficient spray foam insulation, and epoxy floor coatings throughout. Access is supported by five brand-new insulated overhead doors, and the interior is described as move-in ready.
The property includes a securely fenced yard and a parking area improved with asphalt millings. It is positioned near the expanding Dyess Air Force Base and directly next door to Allsup’s, with room on the open lot for future expansion.
Designed to support a range of commercial uses, this site combines updated building systems, durable flooring, and practical outdoor space for day-to-day operations.
The property includes a securely fenced yard and a parking area improved with asphalt millings. It is positioned near the expanding Dyess Air Force Base and directly next door to Allsup’s, with room on the open lot for future expansion.
Designed to support a range of commercial uses, this site combines updated building systems, durable flooring, and practical outdoor space for day-to-day operations.
Key Highlights
- Two‑building commercial property on a 1.1‑acre lot with a combined 4,905 sq ft of workspace
- Extensive renovations include new central heat and central air, new roof, upgraded electrical, and energy‑efficient spray foam insulation
- Epoxy floor coatings throughout and five brand‑new insulated overhead doors
Local Financial Insights For Retail
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 | $64.7k | $13.20 |
| − Vacancy | −$5.2k | −$1.06 |
| EGI | $59.6k | $12.14 |
| − OpEx | −$17.9k | −$3.64 |
| NOI | $41.7k | $8.50 |
4,905 SF · lease $13.20/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$595.7K
$521.2K – $694.9K
NOI $41,696 @ 7.0% cap · market cap 8.34%
Second Best
Flex RnD
$590.8K
$517.0K – $689.3K
NOI $41,358 @ 7.0% cap · market cap 8.27%
Theoretical Best
Office A
$1.10M
$958.2K – $1.28M
NOI $76,659 @ 7.0% cap · market cap 15.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Two renovated buildings on a fenced lot with central heat and AC, epoxy floors, and five insulated overhead doors.
Where is this flex space located?
The property is located at 761 Arnold Boulevard Abilene, TX.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Two‑building commercial property on a 1.1‑acre lot with a combined 4,905 sq ft of workspace; Extensive renovations include new central heat and central air, new roof, upgraded electrical, and energy‑efficient spray foam insulation; Epoxy floor coatings throughout and five brand‑new insulated overhead doors
