Versatile Commercial Property Near Dyess
For Sale
$575,000
761 Arnold Boulevard, Abilene, TX 79605
Renovated commercial property with expansion potential near Dyess Air Force Base.
Property Size4,905 SF
Lot Size1.10 Acres
Price / SF$117.23
Days on Market102
Property Features for 761 Arnold Boulevard
General Information
Standard status
Active
Size
4,905 SF
Lot size
1.10 Acres
Property subtype
Commercial
Building Details
Year Built
1958
Listing Agency:
Tommy Simons (office)
(325) 695-3730
Listed By:
Tommy Simons · License #0583499
(325) 721-8800
Source:
Signaturere
Added: Apr 22
Changed: Jul 10
Last Checked: Jul 25 at 2:49PM
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.
This agent-owned commercial property offers two buildings totaling 4,905 square feet on a 1.1-acre lot. The property has undergone recent renovations and is move-in ready. Interior features include new central heat and AC, a new roof, upgraded electrical systems, and energy-efficient spray foam insulation. Epoxy floor coatings are present throughout the buildings. There are five new insulated overhead doors. The exterior includes a fenced yard and a parking area improved with asphalt millings. The property is located near Dyess Air Force Base and next to Allsup's. The large open lot allows for future expansion. Potential business uses include an auto shop, laundromat, restaurant, or a professional office with a yard.
Key Highlights
- Prime location near Dyess Air Force Base and adjacent to Allsup's, offering high visibility and accessibility.
- Extensively renovated with new central heat and AC, roof, upgraded electrical, spray foam insulation, and epoxy floor coatings.
- Two buildings totaling 4,905 sq ft of versatile workspace suitable for various business types.
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 7.25%
Second Best
Flex RnD
$590.8K
$517.0K – $689.3K
NOI $41,358 @ 7.0% cap · market cap 7.19%
Theoretical Best
Office A
$1.10M
$958.2K – $1.28M
NOI $76,659 @ 7.0% cap · market cap 13.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
100
Businesses Nearby
Balanced
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 Industrial 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 - Renovated commercial property with expansion potential near Dyess Air Force Base.
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 $575,000.
What are key features of this property?
This property features: Prime location near Dyess Air Force Base and adjacent to Allsup's, offering high visibility and accessibility.; Extensively renovated with **new central heat and AC, roof, upgraded electrical, spray foam insulation, and epoxy floor coatings.**; Two buildings totaling 4,905 sq ft of versatile workspace suitable for various business types.
