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    5517 1St St Abilene, TX 79603

    For Sale
    Contact for pricing

    Multi-Tenant Industrial Building, Excellent Location

    Property size:
    101,292 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional Abilene, Texas industrial property offers 101,292 square feet on an 11.46-acre lot. The Class B building, renovated in 2021, features seven loading docks, including three dock-high doors, and boasts 15,372 square feet of office space. Currently fully leased to two credit-rated tenants, Tige Boats, Inc., and Anterix Inc., under a multi-tenant lease, this property presents a strong investment opportunity. The property is zoned L-I (Light Industrial) and enjoys a prime location adjacent to Five Points Business Park, offering easy access to Loop 277/Business 20, Interstate 20, and Abilene Regional Airport (within approximately 0.6, 1.6, and 9.0 miles respectively). The sale price is $3,800,000 ($37.50 per square foot), with a 2022 Net Operating Income (NOI) of $186,876.37. This fee-simple ownership opportunity provides a compelling return on investment in a thriving industrial area. The property's strategic location and strong tenancy make it an attractive asset for discerning investors seeking a stable, high-performing industrial portfolio addition. The building's recent renovation ensures modern functionality and efficiency, further enhancing its value and appeal.

    Property Features for 5517 1St St

    General Information

    Property type
    Distribution properties
    Square Feet
    101,292 SF
    Class
    B
    Lot Size
    499,198 SF

    Building Details

    Year Renovated
    2021
    Buildings
    1

    HighLights

    • 101,292 SF industrial building on an 11.46‑acre lot in Abilene, TX.
    • Class B property with 7 loading docks and 3 dock‑high doors.
    • Multi‑tenant building with credit‑rated tenants Tige Boats, Inc. and Anterix Inc.
    • Fully leased with a 2022 NOI of $186,876.37.
    • Located near Loop 277, I‑20, and Abilene Regional Airport.
    • Offered at $3,800,000 ($37.50 PSF).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Clothing Store Gym & Fitness Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Abilene
    County
    Taylor
    State
    Texas
    Longitude
    -99.795778267688
    Latitude
    32.455169679206

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    FAQs

    What type of property is this?
    Distribution property - Multi-Tenant Industrial Building, Excellent Location
    Where is this distribution property located?
    The property is located at 5517 1St St Abilene, TX.
    What are key features of this property?
    This property features: 101,292 SF industrial building on an 11.46-acre lot in Abilene, TX.; Class B property with 7 loading docks and 3 dock-high doors.; Multi-tenant building with credit-rated tenants Tige Boats, Inc. and Anterix Inc.
    Request Owner's contact information
    5517 1St St Abilene, TX 79603
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    Abilene, TX 79603
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5517 1St St Abilene, TX 79603
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