Auto Shop With
For Sale
$699,000
881 Pine Street, Abilene, TX 79601
CommercialSale, Abilene, TX
Property Size8,625 SF
Lot Size0.48 Acres
Price / SF$81.04
Days on Market120
Property Features for 881 Pine Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Industrial
Security features
Security
Subdivision
Ot Abilene
Lot features
Corner Lot
Directions
From North 1st, head north down pine street. The building will be on your right on north 9th and pine street.
Standard status
Active
APN
10010
Lot size
0.48 Acres
Taxes and HOA fees
Tax Description
LTS 1,2,3 178 2 2 CARTERS OT ABL
Tax Annual Amount
4011
Legal Description
LTS 1,2,3 178 2 2 CARTERS OT ABL
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Window Unit(s)
Water source
Public
Amenities
roll-up bay doors
wash bay
restrooms
office
parts room
showroom
fenced yard
Building Details
Year built
1962
Floors in Building
1
Number of units
1
Flooring type
Concrete
Building materials
Brick, Block
Roof type
Metal, Built-Up
Listing Agency:
McCullar Properties Group LLC
(325) 665-4037
Listed By:
Josh Rader · License #0661281
(325) 665-9244
Added: Jun 2
Changed: Sep 6
Last Checked: Sep 29 at 8:06AM
MLS# 21263316
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.
Built in 1962, this 8,625-square-foot auto shop combines repair, customer-facing, and support areas within a single commercial facility. The layout includes seven roll-up bay doors, a separate wash bay, two restrooms, an office, a parts room, and a front showroom. Brick and block construction, concrete flooring, natural gas heat, window-unit cooling, and a metal and built-up roof are in place.
The property occupies 0.482 acres at 881 Pine Street in Abilene, with public water and public sewer service. A fully fenced yard provides enclosed exterior space for storage and parking. The site is situated near downtown Abilene and within the broader area of Hendrick Health, Texas Tech Health Sciences Center, and Hardin-Simmons University.
The property occupies 0.482 acres at 881 Pine Street in Abilene, with public water and public sewer service. A fully fenced yard provides enclosed exterior space for storage and parking. The site is situated near downtown Abilene and within the broader area of Hendrick Health, Texas Tech Health Sciences Center, and Hardin-Simmons University.
Key Highlights
- 8,625‑square‑foot auto repair and sales facility
- Seven roll‑up bay doors plus a dedicated wash bay
- Front showroom, office, parts room, and two restrooms
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
$58,503
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
8.37%
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%
$1,170,060
$1.2M
Cap Rate 7%
$835,757
$835.8K
Cap Rate 9%
$650,033
$650.0K
Market Conditions
NOI Build-Up for 8,625 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
$88.0K $10.20/SF
− Vacancy
−$4.4K −$0.51/SF
EGI
$83.6K $9.69/SF
− OpEx
−$25.1K −$2.91/SF
NOI
$58.5K $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%
$1,170,060
Cap Rate 7%
$835,757
Cap Rate 9%
$650,033
Alternative Uses
Best Use
Retail
$1.05M
$916.5K – $1.22M
NOI $73,319 @ 7.0% cap · market cap 10.49%
Second Best
Industrial
$835.8K
$731.3K – $975.1K
NOI $58,503 @ 7.0% cap · market cap 8.37%
Theoretical Best
Office A
$1.93M
$1.68M – $2.25M
NOI $134,798 @ 7.0% cap · market cap 19.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
7
Service bays
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
910
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Lonestar Auto Center — 1702 N 1st St, Abilene, TX 79603
- MTM Co — 220 N 2nd St, Abilene, TX 79601
- Tint Shop — Abilene, TX 79604
- CIC Insurance Brokers Llc — 401 Cypress St # 500, Abilene, TX 79601
- Perry Automotive — 409 N Treadaway Blvd, Abilene, TX 79601
Frequently Asked Questions
What type of property is this?
Auto shop - Central commercial building includes service bays, customer reception space, secured outdoor yard, and a dedicated wash area.
Where is this auto shop located?
The property is located at 881 Pine Street Abilene, TX.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 8,625‑square‑foot auto repair and sales facility; Seven roll‑up bay doors plus a dedicated wash bay; Front showroom, office, parts room, and two restrooms
